The construction period of this project is about 18 months. After the completion of the project, the first-year production rate will reach 30% and the second-year production rate will reach 70%. The third-year full production will be achieved. After reaching full production, the project is expected to achieve an annual revenue of about 700 million yuan, an annual net profit of about 94.5 million yuan, the internal rate of return of all investment is 22.51% (after tax), the static payback period is 4.6 years, with good returns And investment recovery ability.
What do you make of the 2016 Product Comparison chart in this document that lists 290 million yuan in LQMT sales, including the 46.40 million in royalties from Tesla? Do you see these as potential sales (at the time) that never came to fruition, or delayed until ROFR expires and the brand name can be used without interference?