Lithium Industry

In 1996, the corporation signed a contract of introducing equipments and producing 400,000 sets of chargeable lithium batteryper year and supplementary charger-producing technology. The total investment of this project is 160,000,000 yuan(RMB). The total sales will reach to408,000,000 yuan(RMB) and the annual profit 60,000,000 yuan(RMB)after the project finished, resulting in the development of a lithium industrial production chain in order to exploit and apply the lithium resources in SiChuan and to enhance the development of a series ofrelated industry. After the whole planed project of the lithium industrial production chain is finished, the annual output value will be 10,594,160,000 yuan(RMB) the profit before tax 1,217,298,000yuan(RMB), and meanwhile over ten thousand employment opportunities will beprovided. Lithium indusry has been listed as one of the new economicdevelopment focal points.