Yu Shun electronic nearly 100 million yuan to build "touch screen"

The "touch screen" scandal and the stock price soared in the Yu Shun Electronics (002289), finally turned rumors into reality.　　Yu Shun 17th announced the announcement, the company will be through a wholly-owned subsidiary Changsha Yutong Touch Control Technology Co., Ltd. to invest in the construction of "Capacitive touch Screen" project. It is reported that Yu Shun electronics this construction of the "Capacitive touch Screen" project is located in Hunan province Changsha Foot Valley High-tech zone "Yu Shun Science and Technology Park" within, will be an annual output of 7.2 million capacitive touch screen products, the project total investment of 97.27 million yuan, to use a super raise capital of 17.0965 million yuan, the remaining 80.1735 million yuan by the enterprise self-financing. Project construction period of 12 months, the completion of the project within 2 years to achieve an annual output capacity of 7.2 million capacitive touch screen products.　　The company expects that the project will produce 7.2 million pieces of capacitive touch screen products, annual sales revenue of 374.4 million yuan, after-tax net profit of 2,478 60,000 yuan, after-tax static investment recovery period of 3.92 years. Yu Shun electronic said, capacitive touch screen products with the company's production and operation of TFT-LCD products are highly correlated, production and operation of capacitive touch screen products have not exceeded the company's main business scope, is the company's existing business based on a higher level of technology expansion, investment in capacitive touch screen project is conducive to improve the company's core competitiveness.