Ancai Hi-tech To Invest 460M Yuan In PV Glass Project

Henan Ancai Hi-Tech (600207) returned to profit in 2010, generating net profits of 32.61 million yuan, reports, citing a company filing.

The firm’s net profit in 2009 was 1.07 billion yuan.

Sales revenue grew 86.22 percent year-on-year to 1.26 billion yuan while basic earnings per share (EPS) were 0.07 yuan.

The Anyang-based company plans to invest 466 million yuan in the second phase of a photovoltaic solar glass project.

Color tube facilities in its colored glass factory ceased production, and related assets will be liquidated.

600450 Ancai Hi-tech To Invest 460M Yuan In PV Glass Project
Date: 8 March 2011

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