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    Jiangsu Guotai: lithium battery electrolyte leader poised to be up

    Jiangsu Guotai: lithium battery electrolyte leader poised to be up

    The concept of foreign trade, the Fund Shigekura concept, mid-cap concept, Yuying laptop battery the concept of pre-increase, new energy concept, the concept of low-carbon economy, shares of financial concepts, the concept of tax incentives.

    Li-ion battery electrolyte leader: Company owned subsidiary of Huarong Chemical (accounting for 78.895 percent) of 2500 tons production capacity of lithium battery electrolyte, the electrolyte is the leading domestic market share of 40%, the product in short supply, and was named the national focus on new products, the first half of 2009 operating income of 1.2 billion yuan, a net profit of 23.147 million yuan; focus on state-level Torch Plan Project "of 1000 tons / year lithium-ion battery electrolyte project" to be completed by the end of 2009.

    Investment of silane coupling agent Industry: Huarong Chemical Company owned subsidiary of the current annual output of 1,000 tons of silane coupling agent Aspire 1680 production capacity, production of six major categories in more than 60 varieties of products, quality has reached international advanced level, is the most complete variety of production manufacturers, is one of the earliest exports of silane coupling agent enterprises, 80% of exports of existing products. DuPont, GE Corporation, France's Michelin multinational companies, such orders directly to the company.

    To expand the scale of production capacity: 99.52 million yuan investment in the company of 1000 tons / year lithium-ion battery electrolyte and 3,000 tons / year technical transformation silane coupling agent, respectively, will be held in December 2009 and September 2010 reached the expected usable condition. To 35.766 million yuan investment to expand export high-end casual clothing line technological transformation is expected to average annual net profit of 7.1244 million yuan, in December 2010 reached the Aspire 1410 expected usable condition.

    Equity finance: in February 2009 with Zijin Insurance Company of the other 12 shareholders signed the "funding agreement", the company has invested 40 million yuan according to the agreement, accounting for 4% of the registered capital, first half of 2009 did not result in gains , Zijin Property Insurance Co., Ltd. registered capital of 10 billion yuan, monetary funds are contributed. The company 50 million yuan of property insurance companies involved in the establishment stone, accounting for 2.94%.

    Tax advantages: in December 2008 the company owned subsidiary of Huarong company is recognized as the year 2008, Jiangsu Province, the second batch of high-tech enterprise, is valid for three years. According to "Enterprise Income Tax Law" and other relevant laws and regulations, Huarong corporate income taxes within three years from 2008 onwards 15% TravelMate 4500 reduction in tax rate.

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