Lantai Industrial Soda Project Enters Installation Stage

Lan Tai Industrial released its annual report today, the company achieved a net profit of 76,069,700 yuan in 2010, an increase of 87.23%, basic earnings per share of 0.15 yuan. . It is proposed to distribute a cash dividend of RMB 0.15 (tax included) for every 10 shares to all shareholders.

It is understood that the Qinghai 1 million-ton/year soda project built by the company in 2010 has entered the equipment installation stage and is expected to be trial-produced in the second half of 2011; the 60,000-ton/year coal mine project in Bayin Minefield is due to the complexity of geological conditions. Far more than expected, the progress of well and roadway works is relatively slow; the Jiangxi 50,000 ton/year sodium chlorate production line has completed the equipment installation with test conditions, and the 150,000 ton/year hydrogen peroxide production line is implemented according to the schedule, and trial production is expected in the second half of 2011; The second phase of the sewage treatment project has entered the trial production stage.

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