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New big new material: new 3.6 million square meters cutting resin line project
According to media reports, Xindaxin Materials plans to invest in a new 3.6 million-kilometer-cut resin diamond line project with a total investment of 460 million yuan, of which over-raised funds will be invested in 91.48 million yuan. At the same time, for the implementation of the project, the company plans to purchase resin diamond wire production equipment and technology from Japan, the transaction amount is 2.7 billion yen (about RMB 210 million). The designed capacity of the proposed project is 300,000 km/month, and the annual maximum production capacity is 3.6 million km/year. The normal annual production capacity is 3 million km/year, of which the first phase is 1.2 million km/year. The construction period of the first phase of the project is planned to be one year, and the second year after the completion of the project construction. According to the survey, the application of King Kong line products in the domestic PV market is still in its infancy, and it will take some time to be widely used. The company expects that the SiC mortar cutting process will have certain advantages and will continue to be used within a certain period of time. In the future, if the Jinang line products are widely used, the company will do a good job in the coordinated development of the traditional SiC mortar cutting process and the resin diamond wire cutting process according to the market conditions. The project products are in line with the industrial development policy of the National Development and Reform Commission's "Industrial Structure Adjustment Guidance Catalogue (2011)" and "Solar Photovoltaic Industry" Twelfth Five-Year Development Plan, and are among the high-tech products supported by the state. According to the calculation, after the first phase of the project and all the projects are put into production, the annual operating income will be 211 million yuan and 632 million yuan respectively, and the net profit will be 36.57 million yuan and 131 million yuan. The operating income and net profit of Xindaxinca last year were 1.635 billion yuan and 125 million yuan respectively. After the introduction of the production technology of the project, it is expected that in 2013, the company will produce 600-800,000 kilometers of resin diamond wire, of which about 500,000 kilometers will be exported abroad. In addition, resin diamond wire is also widely used in sapphire, IC cutting, engineering ceramics, high-tech glass manufacturing and other fields. In 2013, the remaining 100,000-300,000 km of product companies will be mainly used in the above areas in China. After the production of resin diamond wire products, if the market promotion progresses smoothly, the company will start the second phase of the expansion project of 200,000 kilometers per month in the second half of 2013, and the annual production capacity of 3.6 million kilometers of resin diamond wire will be reached in 2014. , making the company a leading company in the product technology and market supply.