Neng Te Technology: Subsidiary plans to invest in the construction of a 100,000-ton chemical recycling polyester project and a 100-ton boron-cesium project

Jinshi data news on October 7th, Nengte Technology announced in the evening that its wholly-owned subsidiary, Nengte Technology Co., Ltd., plans to use self-raised funds of 350 million yuan to invest in a chemical recycling polyester project with an annual output of 100,000 tons. It is estimated that after the completion of the project construction and reaching production, the net profit will increase by 88 million yuan, and the after-tax investment payback period (including the construction period) is expected to be about 4.5 years; on the same day, the company announced that Nengte Company plans to use self-raised funds of 50 million yuan to invest in the construction of a 100-ton/year Bosilun project. It is estimated that after the project reaches production, the average annual net profit will increase by 10.8 million yuan, and the after-tax investment payback period (including the construction period) is expected to be about 4.2 years.