98 million investment cable manufacturing

In order to promote and upgrade the technological upgrading and manufacturing level of the enterprises, and to better meet the needs of the domestic coal mine safety excavation, the China-ITU Electric (002323) has found a new way to fit the enterprise development strategy in different product fields, and increased the new economic growth point of the enterprise,　　The company intends to invest more than 98 million yuan in the company's new plant investment in the construction of coal mine cable products manufacturing projects. Project total investment of 98 million yuan, including new construction assets investment of 65 million yuan, bedding liquidity 33 million yuan. According to the construction requirements and actual conditions of the project, the construction period of the project is 0.5 years, and the birth is 2 years.　　After the completion of the production of 10KV and the following types of mine cables and some of the supporting power cable, to meet the domestic coal mine safety mining needs, so that the enterprise's product grade and technical level into a higher platform. After the project has been invested, the annual sales income (excluding tax) will reach 275 million yuan, the total profit is 25.787 million yuan, the internal income after tax is 22.03%, the investment profit rate is 26.31%, and the payback period of after-tax investment is 5.6 years.