Diamond aircraft foreshore Austrian equity transfer project
First, the basic situation of the project
Shandong Limited foreshore Austrian manufacturer of the aircraft in October 2005 set up to improve is a production-based Diamond DA40 series aircraft, and provide the Diamond DA40 series aircraft all services, supply and sales. The company total investment 42 million US dollars (about 340.62 million yuan). Item 28,700 square meters of aircraft manufacturing plant and ancillary facilities have been built, 36,000 square meters of apron, aviation apartment building, navigation floor, and the staff dormitory has been basically completed, aircraft assembly and testing, painting, and other equipment is being installed and tested. After the project is completed, with an annual output of Diamond DA40 light aircraft 250 (importing them for sale 110), the fuselage 200 (all importing them for sale), can achieve an average annual sales revenue 400 million yuan, and after-tax profit 64.11 million yuan. Within the next 10 years is expected to reach an annual output of aircraft 500, the fuselage 300 scales of production.
Second, the analysis of market prospects
The project for the state to encourage the development of the industry, Shandong Provincial Development and Reform Commission has (LU issued to foreign investment [2005] 763 of text) approved. Diamond manufacturer of the aircraft by the Austrian Limited provide a full range of production equipment and technology. Diamond DA40 aircraft introduction of foreign advanced composite materials and Aviation Instrument Performance Ad Hoc products with advanced technology, serialization, the economic advantages of the application, in domestic and overseas markets with significant competitive advantages.
III-benefit analysis
In order to make profit joint venture company as soon as possible, after consultation between the two sides in Austria, from the commissioning of the first year has played No. 10, the joint venture company of diamonds annually to the Austrian company importing them for sale 200 fuselage, and the Austrian diamond companies in 110 intention of the Asia-Pacific orders transferred to the joint venture.
China’s general aviation to consider the status and development trend of the next decade, according to an annual output of 250 unit and importing them for sale in 200 fuselage, the item can achieve an average annual income of 400 million yuan, and after-tax profit 64.11 million yuan, after deducting the Fund by a registered capital of the Chinese side can still average annual profit 37.953 million yuan. Project internal rate of return for 23.89%, investment profit rate 24.60 percent, and dynamic investment payback period for 4.39 years.
Fourth, the project cooperation
The project to the Chinese foreign equity transfer, namely Binzhou City largest general aviation accounted for the high registered capital 74% of the part of the shares to foreign investment.