Crystal electronic 1.2 billion building technical renovation project opened today in trading

NetEase Financial February 24 Crystal Electronic Disclosure today, the company intends to invest in the establishment of a wholly-owned subsidiary Crystal Photoelectric to implement the "annual output of 7.5 million pieces of LED sapphire chip technical transformation Project." According to Crystal Electronic introduction, the project is intended to use 300 acres, the project total investment of 1.2 billion yuan, fixed assets investment of 1.1 billion yuan, bedding liquidity 45 million yuan, will be the construction of sapphire crystal growth and Open box (digging rod) Production workshop, as well as follow-up of the sapphire crystal cutting and grinding, polishing workshop. The project is completed in two phases with the completion of one-stage investment by the end of 2012 and the completion of investment and full production by the end of 2013.　　After the completion of the project, an annual output of 7.5 million led sapphire wafer production capacity, according to the existing market price interval of 200-250 yuan/piece, is expected to add annual sales income of 1.75 billion yuan, in accordance with the market average profit margin of 30%, is expected to achieve the total annual profit of 525 million yuan. Spurred by the news, the unit opened trading today.