Letter of intent on PV Project signed with Italian company

NetEase Finance October 13 News of the Comprehensive arts shares announced today, the company and Italy Ecoware Co., Ltd. signed the letter of intent, the two sides on the 2011 PV power Project Cooperation to reach a formal intention. Ecoware is Europe's third-largest PV system supplier Kerself S.P.A subsidiary.　　The company is responsible for the power plant project design, construction, installation and a series of turnkey projects, but also to provide customers with a sound project development and grid-connected services, is Italy's largest patrol day system developers. The company and Ecoware after consultation, the two sides agreed to become strategic partners to jointly develop the European PV market. 2011 Ecoware Cumulative 60MW Power plant Solar energy Arrangement company implementation, construction period of 1 years, including the fixed support project and Patrol Day System project, 60MW PV power Station project construction in Italy area, the project involves the total investment amount is estimated to be 200 million euros.　　The company intends to gain revenue by developing photovoltaic power station systems and transferring them externally. The company said that the letter of intent is only a memorandum of intent to cooperate, only signed a joint venture agreement on the establishment of joint ventures, the two sides have agreed on the legal sense of rights and obligations.　　On the basis of the completion of the previous work, agreed to sign a formal contract, cooperation letter of intent is terminated. Seize the opportunity of rapid warming of the solar market, the performance of the comprehensive Arts shares, the first half of the operating income of 410 million yuan, an increase of 60.93%; net profit of 40.8419 million yuan, an increase of 118.05%. Among them, the new energy business of comprehensive arts shares to achieve income of 206 million yuan, occupy the main business income constitute half.