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Investment Highlights - > Photovoltaic Pump System


1. Background

In the western part of China, the development of the agriculture and livestock industry have been hindered by the destruction of the vegetation and desertization of the land due to the deterioration of the environments. One of the main reasons is the lack of water. But in this region, there is rich sunshine, heat and underground water, which are the main climate resources for the agriculture and livestock industry. The only thing we need is to take up the underground water with an economic method. The photovoltaic pump system uses the semiconductor to turn the sunshine energy into electric energy, which is used to power the pump to take up the underground water for irrigation, and daily uses.

2. Content and Scale

Using the solar energy; aggregating the pump, electric motor, photovoltaic modules, inverter and system controlling technology into one product. 10 thousand sets of the system are manufactured every year and the specification will be from 0.5KWP to 5KWP.

3. Market Analysis

This product is suitable for the dry regions and the remote area without power supply. According to the special report made by the academicians in the 1999 CPPC, the development of the west part of China needs 400 thousand sets of the solar energy pump system. On the “Shenzhen High Technology Exhibition” in Oct.1999, many customers from domestic and abroad was attracted by this product and required detailed information. This indicates that the product has a good potential market.

4. Technologic and Equipment Planning

This project adopts the research achievements of Hefei University of Technology which has been approved by academicians as the international advanced level, including the technology of the high efficient, brushless and sensor-free electric motor and permanent magnetic direct-current motor, etc.

5. Investment Estimation

The total investment is 98.42 million yuan, among which, the fixed asset investment 80.56 million yuan, the current assets 17.86 million yuan.

Fund raising plan: the state investment 10 million yuan, funds raised by ourselves 21 million yuan, bank loan and foreign investment 67.32 million yuan.

6. Economic and Social Benefit Analysis

Annual sales income: 295 million yuan

Annual profits: 56 million yuan

Annual taxes: 24 million yuan

Pay back period: 4.5 years (including 2 years of construction period)

7. Progress of the Project

This project has been approved by the State and Provincial Planning Committee. The factory building has been in construction and by the end of this year, the small scale production can be realized.

8. Mode of Cooperation

The two parties set up a joint venture. We expect the other side invests the shortage of the fixed assets investment 50 million yuan totally or mostly.

9. Brief Introduction of the Undertaking Unit

Chaoyang Miniature Motor Factory, a middle size enterprise with the self-operating right of import and export, is subordinate to Huangshan Jingma Group which has been listed on stock exchange. It manufactures the electric motors of micro and fractional horsepower with the capacity of 600 thousand per year. The whole factory covers an area of 159 thousand m2, the floorage is 41.7 thousand m2, the fixed assets is 45.33 million yuan, annual sales income 1500 million yuan, bank credit class is AA.

10. Contact

Name of the enterprise: Anhui Chaoyang Miniature Motor Factory

Address: Central road 315, Qimen County, Huangshan City, Anhui Province, China

P.C.: 245601

Legal person representative: Zhang Rulong

Person to contact: Ju Sanjiu

Tel: 0559-4512888

Fax:0559-4513888

e-mail: qmcyit@mail.ahwhptt.net.cn

Website: www.hschaoyang.com



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