Huaxin (1605) recently said that through the issuance of GDR raised 290 million US dollars, of which 75 million US dollars will increase capital Xi'an LED factory.
Huaxin said that the total capital expenditure will be NT$15 billion in the next three years. The main investment case includes a 4 billion yuan investment in the Taichung hot-rolling pickling plant, which will increase the capital by US$75 million. The company will invest in Xi'an LED Factory. The plant is expected to be Q in 2011. start up. It is expected to invest in Nanjing Huaxin City for RMB 6-7 billion.
In 2010, Huaxin transferred to Huabang Power and Huaxin Branch and other companies to turn losses into profits. The investment income of overseas investment doubled from NT$786 million to NT$1.615 billion in the same period of 2009, and the profit of the industry was good. In the first three quarters of the wave, the after-tax profit was 3.372 billion yuan, and the net profit per share was NT$1.12, a record high since 2007.
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