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Following the announcement at the beginning of the year in Beijing Yizhuang to invest 600 million yuan in the construction of research and development headquarters base project, Oriental Yuhong (002271, closing price of 46.09 yuan) today has a new action, the company announced that it intends to sign a cooperation agreement with Sichuan Luzhou High-tech Industrial Park, investment of 1 billion yuan to build waterproof, insulation and related building materials production and research and development base, and set up Luzhou Oriental Yuhong Building Materials Co., Ltd.
among them, fixed investment of 600 million yuan, covers an area of 300 acres, the construction includes an annual output of 40 million square meters of modified asphalt waterproof coils
;
"Daily Economic News" reporter noted that the above-mentioned projects will be completed within three years, up to post-parto sales revenue of more than 2 billion yuan. One of the projects invested 600 million yuan, after the start of construction of the project within 10 months, the production capacity reached 1.2 billion yuan.
Yuhong said the deal would help the company better integrate local marketing resources and respond to the call for the development of the western part of the country and the Belt and Road Policy, helping to optimize the company's capacity distribution.
It is worth mentioning that at the beginning of January, Dongfang Yuhonggang invested 600 million yuan in the construction of a research and development headquarters base project in Beijing's Yizhuang District due to the need to improve the company's office environment and research and development environment, and committed to put into operation in 2017. In addition, in August last year, the company also announced that it intends to invest 50 million yuan to set up a subsidiary in Wuhu, and invest 1.578 billion yuan to build a production and research and development base.
, however, that despite repeated large investments by Oriental Yuhong, there is not enough cash on its books. According to the company's third-quarter 2014 report, the company's current monetary capital was only 642 million yuan. With not abundant cash flow, it is worth paying attention to how Oriental Yuhong solves the capital problem of investment.
