Shandong Yulong Jinhe Precision Machinery Co.,Ltd. is a joint venture by Shandong Jinhuang Pistion Co.,Ltd. and Shandong Yulong Group. Yulong Jinhe manufactures aluminum casting for key parts of auto and precision machining.
Total investment of the company planning is 500 million RMB. The registered capital is 100 million RMB. The capability of casting and machinining for automotive transmission parts is 6 million sets. It will include transmission housing, valve body, and main case. Besides, we will also own the capability of manufacturing 1 million sets of automobile engine cylinder. Totally 30000 Tons aluminum casting will be supplied per year.
We will reach the total sales revenue upon 1.5 billion RMB and profit will be 15 million RMB with the well matched production and sales scale.