The disclosure of 2.8 billion RMB additional scheme for Jianghuai automobile

Jianghuai Automobile (600418) disclosed 2010 Annual report, the company realized operating income of 29.704 billion yuan, an increase of 47.84%, to achieve net profit of 1.176 billion yuan, an increase of 243.81%. At the same time, the company to open the issue of public offerings not more than 150 million shares, raise capital not more than 2.8 billion yuan financing options.　　The fund-raising is mainly used for the expansion of the company's passenger car base and the company's annual output of 200,000 high-performance gasoline engine two major projects. 2.8 billion yuan financing to two major projects Jianghuai Automobile Bulletin said, the company plans to take public offerings not more than 150 million shares of common renminbi, raise funds not more than 2.8 billion yuan, the main investment projects: Anhui Jianghuai Automobile Co., Ltd. passenger car base expansion project,　　Anhui Jianghuai Automobile Co., Ltd. Annual output of 200,000 units of High-performance gasoline engine project. Jianghuai automobile chief said that the passenger car base expansion project Total investment estimate of 2.1845 billion yuan, of which: construction investment of 1.7861 billion yuan, bedding liquidity 398.4 million yuan. and the company annual output of 200,000 units of High-performance gasoline engine project Total investment estimate of 663.98 million yuan, of which: construction investment of 602.07 million yuan, bedding liquidity 61.91 million yuan. The total investment of the two projects is about 2,848,480,000 yuan.　　When the public offering is issued, the company's original a-share shareholder has preferential subscription rights. Commercial vehicles, passenger car dress up annual report on fresh-baked annual reports, company officials said that 2010 is "Eleven-Five" the year of the finale, in the face of macro-economic and automotive industry many uncertainties, the company adhere to the quality and efficiency of the road, adhere to the structural adjustment is not shaken, adhere to product optimization, accelerate the pace of development, and vigorously promote research,　　Manufacturing, marketing three systems capacity building, the indicators are all created the best level of history. Commercial vehicles, passenger car two major undertakings show a good situation. Light truck, MPV continue to play the role of scale and effectiveness of the two pillars, sales growth in the forefront of the industry, in the niche market position more stable. The car keeps growing at a high rate and is among the top in the industry. Engine business rapid progress, doubling output, small gasoline engine was once again rated as "China Heart Top Ten Engines", and internationally renowned brands in the domestic and foreign markets performance evaluation of outstanding performance. International business to accelerate the layout of the global market, light card exports continue to maintain the industry leading position, passenger car exports have achieved remarkable results. Foreign joint venture to achieve breakthroughs, with the world's top 500 enterprises signed heavy truck, engine project joint venture agreement.　　Because of the company's long-term adherence to the "quality first, the pursuit of excellence" principle of development, 2010 won the "National Quality Award" This National Quality award the highest honor. "Twelve-Five" period, the company will consolidate the development of light truck and Rui Feng business vehicles as the main core business, the steady development of the car as the mainstay of the strategic business, active layout of new energy vehicles. adhere to the quality and efficiency of the road, quality priority scale, to shape the brand quality. The use of 5-10 years of time, the Jianghuai car to create a strong international competitiveness of the middleChina's main automobile industry manufacturers. Responsible Editor: NF058