Vinriyan plans to invest 622 million to build 500,000 transmission projects

NetEase Financial November 3 News of the evening announcement, the company intends to spend 622 million yuan investment "annual output of 500,000 passenger car transmission project", the project will form an annual output of 500,000 passenger car transmission capacity.　　The company expects that this project is fully postpartum, can achieve new annual sales income of 1.95 billion yuan, turned over 78 million yuan, sales tax and additional 11.7 million yuan, the total profit of 282 million yuan.　　The company said that the implementation of the project can enhance the company's product research and development capabilities and improve the production process equipment level, shorten the gap with the international advanced level, and can form large-scale mass production, reduce production costs.　　At the same time, the company intends to buy Jiande Wansheng Auto Parts Co., Ltd. owns 16.33% of Shandong Linyi Lingang Automobile Bridge Box Co., Ltd., negotiated by both parties to determine the final transaction price of 16.72 million yuan.　　The company has previously held 37.55% stake in Shandong temporary workers, the completion of this transaction, the company will be the total possession of 53.88% of Shandong temporary workers, become a controlling shareholder of Shandong temporary workers. The company said that after the completion of the transaction, Shandong Linyi Lingang Automobile Bridge Box Co., Ltd. will become the company's holding subsidiary, to enhance the company's continued profitability, reduce related transactions.