Wolong electric additional expansion to increase the profit of three main business

Wolong Electric A shares today no more than 104 million shares, the issue price of 17.74 yuan/share, the original shareholders can be 10:1.3 of the proportion of the exercise of priority subscription rights, the purchase code for "700580", the purchase referred to as "Wolong placing"; social public investors online purchase code for "730580",　　The purchase is referred to as "Wolong additional". Chairman Wang Jiancho said that to build power generation, storage, power transmission, electrical, industrial automation in one of the electrical industry chain is the company's strategic objectives. The "high-voltage, ultra-high-voltage Transformer project" is completed, will achieve annual output capacity of 16.97 million kVA, with the production capacity of 220kV transformers and 500kV transformers, such products are the backbone of future grid investment demand, Can achieve new sales revenue of more than 940 million yuan, the total annual profit of nearly 150 million yuan, net profit of more than 110 million yuan; "high efficiency and energy-saving medium and small-sized AC Motor Technical renovation project" completed, will form a new annual output of 4 million kw efficient and energy-saving small and medium-sized AC motor production capacity, to achieve　　Total annual profit of more than 100 million yuan, "large capacity lithium-ion battery project" After the production, will achieve an annual output of 200,000 Kvah large capacity lithium-ion battery production capacity, to achieve new sales revenue of 400 million yuan, the total annual profit of 67.23 million yuan, net profit of 50.42 million yuan. Wang Jiancho pointed out that in recent years, the company established the motor and control devices, transformers, batteries, three major business development direction, the previous fund-raising investment projects have been completed and put into production, so that the company's three main business at the same time a substantial growth, from the composition of the gross margin, the above business has contributed more　　The company's performance shows a rapid upward trend, and has maintained a high level of asset management efficiency. Wang Jiancho stressed that after the project put into production, the company's three main business will also be further development, sales revenue and total profit will rapidly increase.