Hengdian East Magnetic 1.4 billion expand polysilicon capacity in today's trading

NetEase Financial November 4 News Hengdian East Magnetic Evening announcement, the company intends to invest in the construction of 500MW large crystalline silicon solar cell and 250MW module project, at the same time, Qixian New Energy Co., Ltd. to invest in the construction of 100MW solar wafer and 130,000 crucible investment projects. 500MW Large size crystalline silicon solar cell and 250MW module project approval total investment of 1.097 billion yuan.　　The project will be able to achieve the production of 500MW of large crystal silicon solar cells and 250MW solar cell components annually, the annual sales revenue of 6.625 billion yuan, the total annual profit of 584 million yuan.　　100MW Solar wafer and 130,000 Crucible investment project total investment of 354 million yuan, the project will be achieved every year to produce 100MW solar polysilicon and 130,000 Crucible investment project production capacity, the annual sales revenue of 1.105 billion yuan, the total annual profit of 150 million yuan. The company said that this project is in view of the Solar energy utilization field good market prospect and the development anticipation, after the solar cell production line and the solar wafer production project, the company enlarges into the solar photovoltaic industry dynamics, expands the solar photovoltaic industrial chain positively, realizes in the new energy field sustainable long-term development.　　If the project is implemented smoothly, it can effectively improve the market competitive ability of the company's products, improve the product structure, enlarge the scale benefit, improve the economic benefit and market competitiveness of the enterprise, and enhance the development stamina of the enterprise. Heng Dian East Magnetic Change two days of adjustment form, today in the enclosure, volume and turnover rate did not significantly enlarge.