Replies to post #171566 on Liquidmetal Technologies Inc (LQMT)

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some research shows construction began in late 2016, I posted an article about yunhai in september 2018 which said they started 3rd and final phase, which would mean that the die cast project would be complete in march 2019?!

Chaohu Yi'an Yunhai Co., Ltd. held a opening ceremony to jointly build a light alloy precision die casting production base project
2017-11-18 14:55 Magian


On November 16 , Chaohu Yi'an Yunhai Technology Co., Ltd. held its opening ceremony. The first phase of the light alloy precision die-casting project and its related supporting facilities were completed and put into use recently. Li Yangde, Chairman of Dongguan Yi'an Technology Co., Ltd., Mei Xiaoming, Chairman of Nanjing Yunhai Special Metal Co., Ltd., Zhang Sheng, Deputy Secretary of Chaohu Municipal Committee and Mayor Zhang Sheng attended the opening ceremony and delivered a speech.

According to the announcement issued by Dongguan Yi'an Technology Co., Ltd., in order to comply with the development trend of light weight of automobiles, the target customers such as new energy vehicles, 5G products and notebook computers in the Yangtze River Delta region will be provided to provide customers with more convenient and efficient services. An Technology Co., Ltd. (hereinafter referred to as "Company" or "Yi'an Technology") is strongly integrated with Nanjing Yunhai Special Metal Co., Ltd. (hereinafter referred to as "Yunhai Metal"). It has obvious location advantages and is located in Chaohu, Anhui Province in the hinterland of the Yangtze River Delta. Joint investment of 500 million yuan to build a light alloy precision die casting production base project. The project is one of the investment projects of the non-public offering of funds raised by Yi'an Technology. The main body of the project is Chaohu Yi'an Yunhai Technology Co., Ltd. (hereinafter referred to as “Chaohu Yi'an Yunhai”).



According to the announcement of Yunhai Metal, Yi'an Yunhai is jointly invested by the company and Dongguan Yi'an Technology Co., Ltd. (hereinafter referred to as “Yi'an Technology”) in Chaohu, Anhui Province , with a total investment of 500 million yuan, of which 40% of the company's equity , Yi'an Technology Equity accounted for 60% . Yi'an Yunhai is adjacent to Chaohu Yunhai Magnesium Co., Ltd., a wholly-owned subsidiary of the company. It can realize the near supply of magnesium alloy and the recycling of scraps nearby. Not only the supply of materials in Yi'an is guaranteed, but also the cost can be reduced.

The first phase of the implementation of Chaohu Yi'an Yunhai covers an area of ??nearly 60,000 square meters, and the supporting construction area of ??production workshops, office buildings and dormitory is about 25,000 square meters. After the light alloy precision die-casting production base project is fully put into production, it is expected that the annual revenue of new energy vehicles, 5G products and notebook computer casings will be about 1 billion yuan, and the annual net profit will be about 100 million yuan.

In the field of light alloy precision die-casting products, Yi'an Technology has accumulated many well-known customers with its leading technology, rapid response and excellent product quality. Rich and high-quality customer resources provide a broad and stable market demand for Yi'an technology products. Yunhai Metal is a world-class leading magnesium alloy material. The project construction site is adjacent to the Chaohu Yunhai production line, which can reduce the logistics and energy costs of raw material supply, enhance the competitiveness of the product market, and enhance the profitability of Yi'an Technology.

In his speech, Li Yangde expressed his appreciation for the rapid construction of Chaohu Yi'an Yunhai Technology Co., Ltd. and expressed his gratitude to the Chaohu Municipal Party Committee and Municipal Government for their strong support. He said that Yi'an Yunhai, a group of people who gather in heaven and earth, will surely make a difference.



Mei Xiaoming said in his speech that Yi'an and Yunhai decided to continue to increase investment, all of them imported world-class equipment and technology, perfected all functions of die-casting, CNC machining, surface treatment, mold, etc., and quickly built Chaohu Yi'an Yunhai Construction. It is a first-class die-casting factory in China.



It is reported that the first phase of Chaohu Yi'an Yunhai started construction in October 2016. It lasted for one year and one month, and two main workshops for die-casting workshops were built. Three workshops in CNC workshop and three floors in surface treatment workshop . Processing stations and other supporting public works.







(Source: Chaohu release) Go back to Sohu and see more

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June 2nd is when production from the liquidmetal expansion will begin...

?The company delayed the liquid metal project
The reason why the outside world regards Yi'an Technology as the next unicorn enterprise is that it has the R&D and production capacity of the liquid metal mobile phone middle frame. Take a mobile phone middle frame as an example. At present, the price of a liquid metal mobile phone frame is about 120 yuan to 150 yuan. In 2017, global smart phone shipments totaled 1.462 billion units. If 20% of mobile phones use liquid metal middle frames, There are more than 35 billion yuan in this market, and the estimated data indicates that the global amorphous market is worth hundreds of billions of dollars.
Faced with such a large blue ocean market, Yi'an Technology has also started to raise funds to invest in liquid metal in recent years. On October 20, 2017, the China Securities Regulatory Commission issued the "Approval on the Approval of Non-public Issuance of Shares of Dongguan Yi'an Technology Co., Ltd.", and approved the company's non-public issuance of no more than 50 million new shares. As of February 23, 2018, Yi'an The net amount of technology raised funds was 420 million yuan has been received.
However, Yi'an Technology recently announced that the industrial expansion project of amorphous alloy (liquid metal) precision structural parts, which was scheduled to be ready for use on June 2 this year, was delayed until June 2, 2019; The construction project for the amorphous alloy (liquid metal) R&D center, which was scheduled to be ready for use on December 2, 2017, was delayed until December 2, 2018.
In this regard, Yi'an Science and Technology explained that the fundraising investment project has undergone sufficient feasibility demonstration in the early stage, but the actual implementation process is affected by many factors and cannot be used in the planned use time within the planned time. According to the implementation progress, actual construction situation and market development prospects of the fundraising investment project, after careful research, the company decided to postpone the two projects./quote]

google translate don't fail me now...