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The application of diamond wire products in the domestic PV market is still in its infancy, and it takes a certain time for extensive application. The company expects that the SiC mortar cutting process will have certain advantages and will continue to be used within a certain period of time. In the future, if the Jinang line products are widely used, the company will do a good job of the coordinated development of the traditional SiC mortar cutting process and the resin diamond wire cutting process according to the market conditions. If there is a surplus of traditional SiC mortar cutting blade in the future, the company will resell the traditional mortar cutting blade to the semiconductor market and the traditional abrasives market to ensure the effective use of the SiC mortar cutting edge material project invested by the company in the early stage. .
After the production of resin diamond wire products, if the market promotion progresses smoothly, the company will start the second phase of the expansion plan of 200,000 kilometers per month in the second half of 2013, and the annual production capacity of 3.6 million kilometers of resin diamond wire will be reached in 2014. , making the company a leading company in the product technology and market supply.
The company completed the registration of its wholly-owned subsidiary Kaifeng Hengrui New Diamond Products Co., Ltd., which is conducive to the smooth progress of the project and enhance the company's profitability. 
New Daxin Material Construction Cutting Resin Diamond Line Project
Abstract On May 15, 2013, the 18th meeting of the Second Board of Directors of Xindaxincai reviewed and approved the “Proposal on the Establishment of a wholly-owned Subsidiaryâ€. The company decided to “build a new 3.6 million-kilometer cutting resin diamond wire with an annual output of 3.6 million kilometers. Project "unused funds raised 31,9...
Announced on May 15, 2013, the 18th meeting of the second board of directors of Xinda New Materials reviewed and approved the “Proposal on the Establishment of a wholly-owned Subsidiaryâ€. The company decided to “build a new 3.6 million-meter cutting resin diamond line project with an annual output of 3.6 million kilometers. "The unused funds raised 31,998,980.26 yuan and the physical assets investment of the project set up a wholly-owned subsidiary to operate the "new project to produce 3.6 million kilometers of cutting resin diamond wire project." The relevant announcement was announced on March 11, 2013 at the China Securities Regulatory Commission's designated information disclosure website. On May 8, 2013, the company completed the industrial and commercial registration of Kaifeng Hengrui New Diamond Products Co., Ltd. and recently obtained the Business License of Enterprise Legal Person issued by Kaifeng City Administration for Industry and Commerce.