Guan Hao high-tech 1.54 billion zhanjiang construction of special paper production base

Just on September 28, the acquisition of major shareholder of China Paper Investment Company's Crown Dragon paper 100% of the equity, extended the special paper industry chain after the Crown Hao Gao (600433), in the special paper plate and further action. Company today disclosed that the Board of Directors adopted the company to build Zhanjiang Donghai Island Special Paper industry base project Phase one program. Project a total investment of about 1.54 billion yuan, one period covers an area of 1100 acres, and another 680 mu as the second phase of construction land.　　The project construction period is 3 years. Project Phase I plan in Guangdong Zhanjiang Economic and technological Development zone new special paper production line and coating paper processing production line, the relocation company is located 4 coating production lines, vigorously develop in the field of special paper pillar business-carbonless paper and thermal paper.　　Through relocation and new production lines, the final formation of special paper-making capacity of 125,000 tons, special paper coating capacity of about 160,000 tons, external sales of 178,000 tons. Crown Hao High-tech introduction, the project is intended to implement the company's development of special paper strategy, the development of High-value products, improve the existing special paper profitability, rapid expansion of special paper plate.　　It is estimated that after the completion of the project can add value of 1.27 billion yuan, the financial internal rate of return of 16.64%, income tax before the static investment recovery period of 8.14 years, the total amount of new profits of about 170 million yuan.　　Crown Hao High-tech above investment measures, but also reflects the acquisition of large shareholder in China paper industry under the Crown Dragon Paper, in the field of special paper to increase investment, integration of upstream and downstream industrial chain trends. In addition, according to the three quarterly data revealed on the same day, the third quarter of 2010, the company realized operating income of 216 million yuan, a year earlier growth of 39.21%, to achieve net profit of 6.754 million yuan, the year-on-year growth of 137.3%; basic earnings per share of 0.0236 yuan, an increase of 32.69%.