RD, did you see what they are planning? This will an additional $73m in net income. Page #45 of the report:
A. The comprehensive exploitation project of 400,000 acres of pasture
Construction Contents:
(a) 400,000 acres of derelict land recovery, development and consolidation, which will be based on an efficient and economic grass, to effectively increase in vegetation and rate of stocking, achieving grazing capacity/acre of 2 cattle, 2 sheep. The main construction content is to repair and match 160 motor-pumped wells and systematically construct sprinkling irrigation and grass systems.
(b) Construct winter brooders for cattle and sheep, with an area of ??800,000 square meters and 640,000 square meters respectively, and complete a full range of facilities in the winter brooders. Livestock inventories are projected to be 688,000 cattle and 240,000 sheep.
(c) Implement the construction of 400,000 acres of pasture by sealing the grassland
(d) Construct a cattle and sheep breeding center
(e) Introduce 320,000 fine breeds of cattle and 240,000 sheep; purchase 80,000 beef cattle for fattening
(f) Construct 8 cattle and sheep slaughtering production lines, respectively (medium and small production line).
Through the comprehensive development of 400,000 acres of pasture, shape the scale of amount of livestock on hand of 368,000 beef cattle and 240,000 mutton sheep, we believe we will achieve an annual production capacity of 92,000 tons of beef and 10,080 tons of mutton sheep. The total investment of the project is $322 million, of which $153 million is investment in fixed assets and working capital of $169 million. After completion of the project, which could realize sales income of $321 million with annual additional net earnings of $73 million?
