Zhuhai Port participates in setting up coal storage and transportation Center

Zhuhai Port (000507) announced that the company intends to work with Zhuhai government, Shenhua Group Limited liability company, Guangdong Province Yue Electric Group Co., Ltd. signed the "Zhuhai Coal storage and Transportation Center cooperation Framework Agreement", the joint venture company's shareholding structure: Shenhua Group accounted for 40%, Guangdong Electric group accounted for 30%, Zhuhai Port accounted for 30%.　　Objective to accelerate the transition of logistics industry to port, and to construct a perfect enterprise and local coal efficient transportation system. With the strong support of the Zhuhai government, Shenhua Group, Guangdong Electric Group, Zhuhai Port Tripartite shareholders will fund the formation of "joint venture", in the South water area of Zhuhai Gaolan Port, the north side of the great jetty to jointly invest in the development, construction and operation of coal terminals and supporting yards.　　The project plans a total investment of about 4 billion yuan, planning and construction of 100,000 tons of coal unloading berth 2 (structure according to 150,000 ton grade), 1 to 50,000 tons of coal ship berth several, annual throughput capacity of more than 40 million tons, and supporting the construction of large capacity yards and railway lines and other professional facilities. In order to ensure the orderly development of cooperation, the parties, after signing the framework agreement, immediately set up the project preparation Office and project Preparation Steering committee.　　The project prepares the office budget preliminary work cost 10 million yuan, by the shareholder each party according to the stock ratio in the cash way to the project preparation Office establishment's account injection, mainly uses in the promotion project prophase work.　　The announcement said that the agreement on the company's financial situation this year, operating results do not constitute a major impact on the company's future annual impact to be further demonstration analysis of the project. In addition, the company also expected 2010 annual net profit of 170 million-218 million yuan, an increase of 70% to 120%.