Xingyu shares change the equity investment projects, annual profits of more than 268 million

Yesterday (13) evening, Xingyu shares issued to raise funds for investment projects change notice. The company intends to Jilin Changchun production base expansion project "changed to" Xingyu shares Intelligent Manufacturing Industrial Park "project, the implementation of the main changes to the implementation of Xingyu shares changed to Changzhou City, where the Airport Industrial Park, Pagoda Hill on the west side of the south of the Yellow River Road, the land of 55027.50 square meters, equivalent to 82.54 acres. "Xingyu shares intelligent manufacturing industry park a total investment plan" project is 865 million 320 thousand yuan, to raise funds to be invested 800 million yuan (excluding financial revenue).

According to the announcement, "place in the economic and Technological Development Zone in Jilin Changchun Changchun automobile production base expansion project, the implementation of the main Jilin Xingyu Lighting Co. Ltd. (Xingyu shares owned subsidiary), plans a total investment of 804 million 875 thousand yuan, to raise funds to be invested in the amount of 800 million yuan, the company raised by the rest. As of December 11, 2017, the company has not yet implemented in Jilin Changchun production base expansion project.

The specific reasons for the change, Xingyu shares that the original plan in place Changchun economic and Technological Development Zone automobile the implementation of the project, the implementation of the main Jilin Xingyu Lighting Co. Ltd., mainly to meet the customers demand and FAW FAW-Volkswagen Automobile Co "market demand". At present, FAW FAW-Volkswagen Automobile Co production layout changes, the future will be part of the model for its supporting and new development projects from Changchun transferred to the East, southwest and other production base, the company also need to adjust the change of production strategic layout, increase the production capacity of the East China area planning, the expansion project implemented by the Changchun transfer to Jiangsu city of Changzhou Province, so as to better meet customer needs and future market demand. ".

"Xingyu shares Intelligent Manufacturing Industrial Park" project is mainly engaged in high performance headlight, rear combination lamp of two kinds of products, after the completion of an annual output of 2 million 400 thousand headlights, 4 million 300 thousand rear combination lamp. This project is put into production, is expected to add annual sales income of 1 billion 636 million 300 thousand yuan (excluding tax), the annual total profit of 268 million 225 thousand yuan, the construction period is 24 months, the payback period is 7.6 years (including construction period of 2 years).

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