On March 28th, it was learned from the China Auto Research 2012 Annual Results and Cash Dividend Presentation that the company's fund-raising investment project, the automotive technology R&D and testing and evaluation base, could be put into use in the second half of the year.
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At the briefing held on the afternoon of the 28th, more than 30 institutions and individual investors gathered to exchange in-depth exchanges with company executives on the company's business transformation strategy, industrial development planning, fundraising project progress, future growth prospects and other hotspots.
Ren Xiaochang, vice chairman and general manager of the company, said at the meeting that China Automotive Research is currently using the funds raised to promote the construction of testing centers, R&D centers and industrial bases, while actively exploring the market and continuously improving its sustainable development capabilities and core profitability.
Liu Xuli, the company's director-general, said that the company's fund-raising investment project, the construction of automotive technology R&D and test evaluation base, completed the construction of the plant at the end of last year. New key laboratories such as collision, emissions, NVH, EMC and electric vehicles have entered the equipment. During the installation and commissioning phase, it is planned to be completed and relocated in June this year. The new bases will be put into use in the second half of the year. According to the company's forecast, the completion and operation of the fundraising project will promote the company's technical service revenue to increase substantially. After the project is completed, the annual new business income will be 480 million yuan, and the total new profit will be 199 million yuan.