US electronic 1.2 billion building technical improvement project today strong trading

NetEase Financial February 24 US electronic disclosure today, the Company intends to fund the establishment of a wholly owned subsidiary US photoelectric to implement the "annual output of 7.5 million pieces of LED sapphire chip technical transformation Project" according to US electronic introduction, the project to land 300 acres, the total investment of the project 1.2 billion yuan, fixed assets investment of 1.1 billion yuan, Bedding liquidity of 45 million yuan will build sapphire crystal growth and Open box (hollowed) Production workshop, as well as subsequent sapphire crystal cutting and grinding, polishing the production workshop. The project is completed in two phases with the completion of one-stage investment by the end of 2012 and the completion of investment and full production by the end of 2013.　　After the completion of the project, an annual output of 7.5 million led sapphire wafer production capacity, according to the existing market price interval of 200-250 yuan/piece, is expected to add annual sales income of 1.75 billion yuan, in accordance with the market average profit margin of 30%, is expected to achieve the total annual profit of 525 million yuan. Spurred by the news, the unit opened trading today. Closed trading has not been opened, the stock price of 19.98 yuan, volume than the previous days have significantly enlarged.