The fundraising project will help push up the rapid growth

Wolong Electric (600580) A shares issued 18th purchase, but yesterday affected by market factors, the closing price fell below the IPO price. In this regard, in this newspaper to participate in the roadshow of the company chairman Wang Jiancho some helpless, but for the company's business situation and the future development of no concern. He said: "After the public offering, the company's existing motor and control devices, transformers, batteries, three main business will be further developed for the company's business to continue to maintain high-speed, healthy development to provide a strong guarantee."　　"It is understood that in the previous exchange with institutional investors, Wolong Electric since the listing in 2002, since the continued growth of the company's business situation, the future development strategy, has also been recognized by many institutional investors." Wang Jiancho Introduction, the current Wolong electric has six production base, industrial park, with an annual output of hundreds of billions of units of production capacity. The company's main business has also developed for the motor and control devices, transformers, batteries, such as three main industries, completed by the "motor" to "electrical" layout, in a number of areas in the domestic leading position.　　The additional funds will be invested in high-pressure, ultra-high voltage transformer projects, energy-efficient small and medium-sized AC motor technology transformation projects and high-capacity Lithium-ion battery project three major projects. Transformer business has now accounted for the company's main revenue of One-third, the future development of the business potential is enormous, especially high-speed rail traction transformers. According to forecast, 2009-2012 Railway Traction transformer demand in 1300 units, the average annual demand of about 325 units, the total investment is estimated at 4.4 billion yuan. Wolong Electric has been providing various kinds of traction transformers for the national electrified railway since the early 1990s, currently in the high-speed railway market share of more than 50%, the Guingkong segment, Zheng Sigautie, Shanghai-Nanjing high-speed rail, Shanghai-Hangzhou high speed rail (high-speed rail civil war) are used by the company to produce special railways.　　In particular, it is worth mentioning that the landmark engineering Wu Guang line Wolong product share of up to 80%, Yinchuan Wolong Transformer Factory 2009 years to achieve income of 380 million yuan, an increase of 80%. Electric motor and control device is another major industry of Wolong Electric, its income is half from exports, the previous two years by the financial crisis, but from the fourth quarter of last year, motor exports have seen a noticeable rebound momentum. In addition, the additional investment projects-high efficiency and energy-saving medium and small-sized AC Motor Technical renovation project is expected to end 2010 or 2011 Years a quarter of production.　　July 2011 after the motor "energy efficiency standard" mandatory implementation, the demand for energy-saving motors will increase significantly, the company's performance is expected to grow faster. The company's lithium-ion battery project is an important step in the layout of the new energy industry, and the lithium batteries produced in the short term are mainly used for communication base station equipment and will develop to power lithium batteries in the long run. The company signed a cooperation agreement with hit at the end of 2009 to cooperate in the development of lithium iron phosphate battery.　　The cooperation with hit, is expected to make full use of the technical advantages of hit, relying on investment projects will be lithium battery products as soon as possible industrialization, preemptive dominance. Some people in the industry said that the additional investmentAfter the completion of the Wolong Electric core competitive advantage will be enhanced, product technology level, production capacity and profitability will be greatly improved. Second-tier market share prices are affected by multiple factors, but from the fundamental point of view, the company healthy development, broad prospects.