On April 20th, Jingsheng Electromechanical Co., Ltd. issued a feasibility analysis announcement on the “100,000 pieces of sapphire cutting and polishing projectâ€. The project is a monthly production of 100,000 pieces of sapphire cutting and polishing project, which was built by Zhejiang Jingsheng Electromechanical Co., Ltd. (hereinafter referred to as “Jingsheng Electromechanical†or “Companyâ€). It mainly produces LED sapphire wafers, which can reach an annual output after production. The ability of 1.2 million 2 inch sapphire wafers.
The total investment of the project is 44.88 million yuan, including: construction investment of 42.08 million yuan and initial working capital of 2.8 million yuan. The project is planned to be transformed in the existing plant of Jingsheng Electromechanical to build a production line for sapphire cutting and polishing. The financial status of the project itself is very good. The financial internal rate of return on project investment is 24.36%, the investment recovery period is 4.89 years, and the internal financial return rate of capital is 28.24%.
According to the report, the products of this project belong to the new energy and new materials industries supported by the state. The investment in this project is in line with national guidelines and policies and global development trends. Jingsheng Electromechanical Co., Ltd. is a professional enterprise engaged in the R&D, manufacturing and sales of semiconductor materials and solar photovoltaic materials preparation equipment. The company and its wholly-owned subsidiary Huixiang Electro-Liquid are high-tech enterprises.
The total investment of the project is 44.88 million yuan, including: construction investment of 42.08 million yuan and initial working capital of 2.8 million yuan. The project is planned to be transformed in the existing plant of Jingsheng Electromechanical to build a production line for sapphire cutting and polishing. The financial status of the project itself is very good. The financial internal rate of return on project investment is 24.36%, the investment recovery period is 4.89 years, and the internal financial return rate of capital is 28.24%.
According to the report, the products of this project belong to the new energy and new materials industries supported by the state. The investment in this project is in line with national guidelines and policies and global development trends. Jingsheng Electromechanical Co., Ltd. is a professional enterprise engaged in the R&D, manufacturing and sales of semiconductor materials and solar photovoltaic materials preparation equipment. The company and its wholly-owned subsidiary Huixiang Electro-Liquid are high-tech enterprises.
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