Continuous optimization of Nanyang stock product structure

Nanyang shares (002212) semi-annual report showed that the company achieved total operating income of 770 million yuan in the first half of the year, a significant increase of 72.96%, to achieve net profit of 59.1897 million yuan, an increase of 12.07%.　　IPO project "Environment-friendly special high-voltage Xlpe cable" officially put into production not only to increase the income significantly, but also to enable the company to achieve its own high pressure, ultra-high voltage xlpe cable breakthrough. Nanyang shares previously mainly engaged in 35kV and the following power cable production, has formed a complete middle and low voltage cable product line, but in the high value-added high pressure products field has not been involved.　　With the company IPO project-"Environmental protection of special High-voltage XLPE cable" project gradually put into production, the first half of this situation has changed. It is understood that the project was completed at the end of 2009 and put into production, of which "110kV Xlpe power cable" products in January 20, 2010 passed the China Electric Power Enterprise Federation organized product technology appraisal identification. After the technical appraisal passed, the company has been in order to batch production.　　This has also become one of the reasons for the company's two-quarter revenue surge. At the company's interim shareholder meeting, the company's management expressed a positive attitude towards the full-year performance, but also said that the company's performance growth is a sound growth type. The second half of the cable industry into the production and sales peak.　　Nanyang shares strategy is through ultra-high pressure products to drive medium and low pressure products, improve product competitiveness, while continuing to direct marketing and other means to increase market share, trying to complete the year 1.8 billion of sales target. To further enrich the company's product structure and broaden the source of profit, the company plans to develop some of the market prospects for a good, economic benefits of the new special cable project. November 2009, the company decided to set up in Tianjin wholly-owned Nanyang Cable (Tianjin) Co., Ltd., in Tianjin Airport Logistics processing zone to be about 300 acres of land as a "new energy, marine and energy-saving special cable project" production base. For this purpose, the company will raise funds of Non-public offering 417 million yuan for project construction.