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
|