Initiator Profile

Name

Shanxi Huanhai Group Co.,Ltd.

Ownership

Private shareholding

Address

Jidian Township, Huguan County, Changzhi, Shanxi

Establishment

1984

Legal  representative

Liang Wenhai

Office tel.

+86 355 8678000

Handy

13133455505

Contact person

Xu Guojun

Contact Tel.

+86 355 8678118

E-mail

sxhhbxg@vip163.com

Number of staff members

3000

Number of technical personnel

387

Assets

Total assets

 850 million    

Fixed assets

550 million

Current assets

300 million

Registered capital

Intangible assets

Total liabilities

Business conditions

2002

2003

2004

Sales income

198,700,000

178,990,000

248,000,000

Export  income

Profits after taxes

19,460,000

18,040,000

23,000,000

  Project information

Project name

Stainless steel mill with capacity of 1 million tons

Project type

  Expansion

Project  technology

   To introduce technology

Total investment

 6.75 billion

Foreign  investment  needed

2 billion

 Cooperation  duration

30 years

Project registration and approval:   no

Feasibility study report:     no      

Intended cooperation method

Joint venture

Investment composition

Composition / partners

Chinese partner

Foreign partner

Investment proportion（%）

       62   %

     38      %

Cash

2000 million

Land using rights

80 million

Workshop

600 million

Equipment

2500 million

500 million

Technology and intellectual property

200 million

50 million

Others

1000 million

Information of main materials supply and infrastructure

Market analysis

Construction period: 3 years       

Annual sales income:  25 billion

Including: income from export: USD

Profits after taxes: 900million

Profit ratio of investment  15     %

Return period of investment: 6  years     

Brief introduction of economic efficiency

Note: The unit of the currency except for those indicated in USD all refers to RMB.