The development of the crankshaft to expand the capacity of crankshaft

The day Run Crankshaft (002283) is intended to further expand the crankshaft capacity. Today, the company issued a board announcement, the proposed non-public offering of not more than 43 million shares, the issue price is not less than 25.38 yuan/share, raise funds not more than 1.08 billion yuan, to the Cummins light engine crankshaft production line, Weichai heavy engine crankshaft production line, Tin Chai/upper Philippine Red/Cummins heavy engine crankshaft production line　　India Leland medium engine crankshaft production line, car engine crankshaft production line, marine crankshaft forging production line six items. The announcement shows that six projects a total of 1.285 billion yuan, the company intends to use additional funds to raise 1.035 billion yuan, self-financing bedding capital of 250 million yuan. Cummins light engine crankshaft production line after the completion of the company will form an annual output of 2.8L light engine crankshaft 150,000 capacity, mainly to the North automobile Futian Cummins supporting; After the completion of the production line of Weichai heavy duty engine crankshaft, the company will form an annual production capacity of Weichai P12 heavy engine crankshaft 50,000, Weichai WD615 Heavy Duty engine crankshaft 50,000 capacity; Tin Chai/upper Philippine Red/Cummins heavy engine crankshaft production line project will form an annual output of 100,000 heavy engine crankshaft production capacity; India Leland medium engine Crankshaft production line project will be built to produce 100,000 production capacity The car engine crankshaft production line project is designed to produce 200,000 production capacity of the car crankshaft, and the crankshaft forging production line of the ship is prepared for 2000 capacity of each model ship crankshaft.　　In order to grasp the market opportunity, before raising funds in place, the company intends to use self-financing to carry out some of the relevant project investment. The company said that the additional benefits to seize the Chinese automotive industry, internal combustion engine accessories industry rapid development of the favorable opportunity to expand the existing product scale, improve product market share, to achieve further optimization of product structure and product quality and technological level of further improvement, improve the comprehensive research and development capabilities,　　In order to further improve the company's core competitiveness and sustainable development capacity. The company released its performance revision announcement today, four quarter of the company's products continue to produce two prosperous trend, the company fully utilizes three heavy card to raise investment project production line capacity, the performance has increased significantly, the company will be three quarterly report on 2010 annual net profit growth of 60%-80%, revised to the year-on-year growth rate of 80% -110%.