use of the relocation of the machine, on its lithium battery Capacity Expansion project, Sichuan Changhong prepared to vote for this 4 million.

Sichuan Changhong announced today, the company agreed to supply the whole wholly owned subsidiary of Changhong moved to Mianyang Changhong Industrial Park Economic Development Zone, and starts a lithium-ion battery power and Capacity Expansion Project relocated, the new lithium-ion batteries, military and industrial power systems product line.

said, this lithium-ion battery power and removal of a total investment of Capacity Expansion project no more than 4 billion yuan, the project put into operation, the battery capacity can be achieved About 110 million VA, the power system capacity of 5,000 sets of the above products scale production capacity, including new lithium ion battery 15000000 Ah and nickel-cadmium batteries 40 million security bag, the power system production capacity of 4,000 sets. In view of the power company Changhong the status of funds and project funding needs, agreed to provide financing for its support.

today also released results of Sichuan Changhong notice. Company expects full year 2010 net profit of about 290 to 350 million yuan, an increase of 150%-200%.

Company believes that reporting period, the company's main business good momentum of development, sales and earnings continued to increase, making the substantial increase in performance. In addition, the report period, investment income increased significantly over last year.