Xinda New Materials announced on October 30 that the 14th meeting of the second board of directors of the company was held on October 29, 2012. The meeting reviewed and approved the proposal on the adjustment of the funds for the construction of the 3.6 million-meter cutting resin diamond line project. ", agree that the company will use the funds raised in the fund-raising account of RMB 90,046,600 to adjust the funds for the newly-built 3.6 million-kilometer-cut resin diamond line project. The company plans to use the funds raised in the fund account of RMB 90,546,600 to adjust the funds for the newly built 3.6 million kilometers of cutting resin diamond line project. After the adjustment, the total investment of the project is 460 million yuan, of which 185,356,600 yuan is invested in super-raised funds, 274,346,400 yuan is self-raised by the enterprise, and the total investment is 30,000 yuan. After the project funds are adjusted, the feasibility study analysis report and profit forecast are basically unchanged. After the implementation of the project, it can realize operating income (including tax) of RMB 631.8 million, total profit of RMB 175.15 million, and project investment recovery period (after tax) of 3.54 years. The first phase of the project can realize operating income (including tax) of RMB 210.6 million, total profit of RMB 48.76 million, and project investment recovery period (after tax) of 4.84 years. The company's new annual production of 3.6 million kilometers of cutting resin diamond line project is adjusted to meet the needs of the company's project construction, ease the pressure on the company's self-raised funds, improve the efficiency of the use of raised funds, reduce financial costs, and maximize the interests of the company and shareholders. Turn. The fund adjustment for the newly-built 3.6 million-kilometer cutting resin diamond line project will be based on the one-year calculation of the bank loan benchmark interest rate for the same period, which will reduce the financial expenses by more than 6 million yuan per year.
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