Longjiang Transportation announced that Heilongjiang Longjiang Innovative Materials Technology Co., Ltd., a holding subsidiary of the company, plans to invest 2,679 million yuan to build a joint project to process 2 million tons of graphite ore per year in Luobei County, Heilongjiang Province, including a project capital of 794 million yuan and bank loans of 1,886 million yuan. The project design service period is 45 years, with an estimated annual mining volume of 2 million tons of ore and an annual production of 216,000 tons of flake graphite, of which 132,700 tons are exported, 83,300 tons as raw materials for spherical graphite, 583,000 tons of spherical graphite per year, and 25,000 tons of micronized graphite. The project is expected to achieve annual revenue of 767 million yuan, total profit of 125 million yuan, net profit of 93.8821 million yuan, a payback period of 9.95 years after tax, and an internal capital return of 8.45%.

Longjiang Transportation announced that Heilongjiang Longjiang Innovative Materials Technology Co., Ltd., a holding subsidiary of the company, plans to invest 2,679 million yuan to build a joint project to process 2 million tons of graphite ore per year in Luobei County, Heilongjiang Province, including a project capital of 794 million yuan and bank loans of 1,886 million yuan. The project design service period is 45 years, with an estimated annual mining volume of 2 million tons of ore and an annual production of 216,000 tons of flake graphite, of which 132,700 tons are exported, 83,300 tons as raw materials for spherical graphite, 583,000 tons of spherical graphite per year, and 25,000 tons of micronized graphite. The project is expected to achieve annual revenue of 767 million yuan, total profit of 125 million yuan, net profit of 93.8821 million yuan, a payback period of 9.95 years after tax, and an internal capital return of 8.45%.