Great Wall Information Wants 100 Million Yuan to Settle in Power Battery Materials Industry

Today, China Great Wall (CEC) listed company Great Wall Information (000748.SZ) announced that it will be involved in "new energy power battery materials industry."

According to the announcement, the stock has recently risen significantly and the transaction volume has increased. After the company’s board of directors has conducted necessary verifications on relevant issues, it stated that it is mainly because Great Wall Information is currently planning matters concerning investment in new energy power battery material industry. It is expected that the first phase of the project. The total investment is about 100 million yuan.

However, the announcement emphasized that the project is still in the stage of argumentation research. Whether or not it is implemented must be based on the results of the argumentation study, so there is a certain degree of uncertainty. Moreover, even if the investment can be implemented, since 2011 will be in the construction phase, it is not expected to have a significant impact on the company's 2011 profit and loss.

Great Wall Information is an old CEC company, and it is also a local industry information product provider. It covers financial, medical electronics, software park development, software system integration and services. Among them, the financial electronic equipment business accounted for more than one-third of the domestic market, and the share of self-service terminals and counter equipment in the banking sector was the first and second. At present, it is leveraging medical reforms to expand the development of medical electronics and software parks. Its controlled China Power Software Park has absorbed nearly 60 companies by the end of 2010.

However, in the field of new energy power battery materials, Great Wall Information has not accumulated much before. Prior to this concept, Fengfan shares, Keliyuan, and Xiamen Tungsten, which are favored by the capital market, are the leaders in the field of domestic lead-acid, nickel-metal hydride and lithium-ion.