Prosper photoelectric (600487. SH), 1 month and day night, the post said to meet intelligent power grid transmission line for special alloy series wire market demand, cultivate profit growth point, holding subsidiaries in jiangsu electric power cable co., LTD., company intends to invest 160 million yuan to build an annual output of 50000 tons of aluminium and aluminium alloy round GanXian project.
According to the announcement, the project construction period for 1 year, construction scale for aluminium and aluminium alloy rod 20000 tons, 30000 tons of aluminium alloy wire. The products are mainly applied to the optical fiber composite overhead ground wire (OPGW), overhead conductor. After the project is expected to financial internal rate of return is 23.25%, the investment capital can be recovered after project 5.41 year (after taxes, including construction period).
The company said, aluminum alloy wire and transmission line traditional material, compared to aluminium conductor steel reinforced high strength, light weight, conductive performance is good, the advantages in the application of transmission line construction to promote power system technology progress, reduce the steel consumption and project cost, improve the transmission line construction efficiency and benefit of investment, and has good market space and potential.
The company says the major investment projects can make full use of the company in the power cable production, marketing and r&d of various advantages, seize market opportunities, accelerate the development of special aluminum alloy wire and cable market, which is beneficial to the sustainable development of the company and earnings growth.
Prosper photoelectric and daily charge 24.24 yuan, up 1.30%.
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