ST shows strong potential
Yesterday, Chongqing Wanli Holding (Group) Co., Ltd. announced on the company as a whole relocation of the main project has been completed and formally put into production yesterday. Lifted by this announcement, ST Yu Wanli, after yesterday’s morning Tiaokonggaokai up, drag down midday by tape, or narrowed, eventually rose 2.67%. As of yesterday, the stock rose five consecutive trading days.
ST Yu Wanli is the lead-acid battery industry’s first listed company to “Wanli” brand known for all types of lead-acid battery, known as China’s storage experts. Main business is production and distribution of lead-acid batteries, when the annual production capacity of more than 1 million kVA. Yu Wanli strive to 3-5 years, the most attractive country thousands of miles into the battery lead-acid battery production base in western China’s largest production base of electric vehicles.
Company personnel, the plant relocation is the main project, the relocation will be completed this year. Double Lake Industrial Park is located in Jiangjin new plant put into production yesterday, but some work is not complete convergence of the old plant will not stop work, is still running. Chongqing Wanli new plant covers an area of 400 acres, than the old plant has doubled, factory output will increase significantly after expansion.