Anhui Xinlong Electrical (002298.SZ) plans to raise funds of RMB 530 million to build up power electronics component production base

Date:2011-10-17     Source:zjlyangliangyu  Text Size:

Xinlong Electrical announced on 11 Oct. 2011 that it will privately issue share for raising RMB530 million to build up power electronics component production base.

 Currently, foreign enterprises occupy most of the market shares of high and low-voltage circuit breaker in China. Xinlong Electrical will invest RMB200 million and RMB100 million on high-voltage circuit breaker and low-voltage circuit breaker respectively. Its product can rival the foreign counterparts’ with same quality and technical data, moreover, with price superiority of 20% -30% cheaper.

 Intelligent standard power electronics component relies on import in China at present. Xinlong Electrical will invest RMB150 of the raised funds on construction of intelligent power electronics component production line.

 Fund-raising Projects of Xinlong Electrical, 2011 (RMB mln)

 

Project

Funds Raised  

Newly Added Annual Capacity When Reaches Full Capacity

Construction Period

Operating Revenue When Reaches Full Capacity

Profit When Reaches Full Capacity

Intelligent VXG high voltage vacuum circuit breaker production line

200

20,000 units of 12kv vacuum circuit breaker

2 years

1000

390

Intelligent power electric component production line

150

170,000 units of intelligent power electric component

1.5 years

260

52

Intelligent low voltage circuit breaker production line

100

135,000 units of intelligent mini MCCB (AXM) and 8,500 units of intelligent universal circuit breaker (AXW)

1.5 years

230

46

High and low voltage switch cabinet and component technology research center

80

       

Total

530

   

1490

488

 

 

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