Qixiang Tengda plans to use super-raised funds to build butadiene projects

Qixiang Tengda announced today that in order to increase the efficiency of capital use, expand production scale, and increase profitability of enterprises, the company has carefully researched and planned in light of actual business conditions and plans to use over-raised funds of 293 million yuan to build 70,000 tons of butadiene with an annual output of 70,000 tons. The project, after the implementation of the project, had over 596 million yuan of funds raised.
According to reports, the filing of the project is in progress. Qixiang Tengda expects the construction period of the project to be one year. After the completion of the project, the new annual sales revenue will be 903 million yuan, the annual profit after tax will be 68.39 million yuan, the investment recovery period will be 4.55 years (including the construction period of 1 year), and the investment profit rate will be 28%. Profitability.
At the same time, Qixiang Tengda plans to suspend the construction of an annual output of 150,000 tons of solvent oil fundraising projects. The project will raise funds of 75.45 million yuan to invest in an annual production of 40,000 tons of methyl ethyl ketone renovation and expansion projects, and an insufficient part of the use of over raised funds of 124 million yuan.

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