Zhongqi New Materials (001212.SZ): The first and second phases of Hubei high-purity sand project will invest approximately 300 million yuan, and the first phase of the project has been put into operation.

Gelonghui Finance · Aug 9 06:20

On August 9th, Gelunhui reported that Zhongqi New Materials (001212.SZ) stated on the investor interaction platform that the first and second phases of the company's Hubei high-purity sand project involved an investment of approximately 0.3 billion yuan. The first phase has been put into production, and the source of funds for the first phase of the Guangxi silicon crystal project is the convertible bond fundraising of 0.54 billion yuan. It will be put into production soon. The Guangxi silicon crystal project Phase 2 construction is planned to begin next year, and the Guangxi project is divided into three phases, with a total investment of about 13 to 1.5 billion yuan. Currently, the company has cash on hand exceeding 1 billion yuan and no bank loans, and its debt ratio is low. At the same time, the company has a bank credit line of 0.6 billion yuan that has not been used. In the future, the self-owned funds, bank loans, and profits for the next few years can cover the Guangxi silicon crystal and the second phase of the Hubei high-purity sand. The source of funds for project implementation is guaranteed.

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中旗新材(001212.SZ)：湖北高纯砂项目一期+二期约投资3亿人民币，项目一期已投产

Zhongqi New Materials (001212.SZ): The first and second phases of Hubei high-purity sand project will invest approximately 300 million yuan, and the first phase of the project has been put into operation.

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