Nanyang shares investment in rail transit special cable project

Nanyang shares want to invest tens of millions of yuan on the "Rail Transit special cable project." Nanyang shares disclosed today, the company decided to the holding subsidiary of Guangdong Nanyang Ultra-high Voltage Cable Co., Ltd. (hereinafter referred to as "ultra-high pressure company") to increase capital, in the main plant and new land to build "rail transit special cable project." The total investment of the project is 50 million yuan, covering an area of about 16,000 square meters.　　The investment project is expected to be built for 1 years, the project completed after the normal period of postpartum, the estimated annual sales revenue of 200 million yuan, total profit of 32 million yuan, net profit of 24 million yuan, all investment recovery period of 3.5 years (including 1 years construction period). It is understood that Nanyang shares currently hold a 94.01% per cent stake in ultra-high voltage companies, the company's holding subsidiary Nanyang Cable holds the remaining 5.99% of the equity. According to the announcement, 50 million yuan source of funds for ultra-high pressure company shareholders to increase capital. The company's shareholding ratio of 47.005 million yuan, Canton Nanyang Cable Co., Ltd. by a proportional contribution of 2.995 million yuan, the above funds are self-financing investment.　　After the completion of the increase in capital, ultra-high pressure company's total equity will be changed from 437 million yuan to 487 million yuan. The company said that rail transport as a low-carbon economy, the direction of development, the potential is enormous. Rail transit cable with its environmental protection, energy-saving, security, civil construction projects in the application will also be expanded, the market prospects for the company, will bring significant benefits for the development.