Announced on January 2, 2019, the company's wholly-owned subsidiary, Stellar Chemical, plans to invest in the construction of “Inner Mongolia Stellar Chemical Co., Ltd. with an annual output of 120,000 tons of high performance silicone polymer project”. The total investment is expected to be 2.107 billion yuan, of which fixed assets investment is 20.16. 100 million yuan, working capital of 90.692 million yuan. After the completion of the project, it is estimated that the annual sales will be 2.031 billion yuan and the investment profit rate will be 20.28%. [related announcement]


[Announcement Review]


The construction period of this project is expected to be 30 months. The implementation of the project will not affect the company's 2018 annual operating income and profit. If the project is implemented smoothly, it is expected to have a positive impact on the company's operating performance in the future.


[Institutional rating in the past two months]


no


[Technology]


The stock has recently oscillated and consolidated the market, and the trading volume has remained stable. The MACD indicator is on an upward trend, and close attention is appropriate.