Qinchuan's development of four projects was approved by the Ministry of Industry and Information Technology
Qinchuan Development (000837) recently disclosed that the company recently received the notice from the Office of the Ministry of Industry and Information Technology, “Notice on the Implementation of the Supporting Fund for the 2009 Project of “High-end CNC Machine Tools and Basic Manufacturing Equipmentâ€.
It is reported that the company applied for "high-speed, precision, large-scale CNC cylindrical gear grinding machine", "high-speed, precision, large-scale CNC bevel gear grinding machine", "precision broach CNC forming grinding machine", "five-axis linkage blade CNC grinding machine" The four projects were approved by the Ministry of Industry and Information Technology. The total budget of the project was 88.57 million yuan, 43.47 million yuan, 17.97 million yuan, 35.03 million yuan, and the total amount of the four projects was 185 million yuan. The central government's financial resources for the four projects were 10.57 million yuan and 10.89 million respectively. Yuan, 3.01 million yuan, 6.17 million yuan, the central government invested a total of 30.64 million yuan.
The Notice of the Ministry of Industry and Information Technology of Shaanxi Province stated that the above four items are arranged in accordance with 50% of the central government's financial investment, and local matching funds are arranged.
At the same time, five projects, including the Hanjiang Expressway, Heavy Duty, Precision Ball Screw and Linear Guides, which were applied by Shaanxi Qinchuan Machine Tool Group Co., Ltd., the controlling shareholder of Qinchuan Development, and its subsidiaries, were also approved.
At present, the company is actively implementing budget revisions, opening special fund accounts, and supporting funds in place in accordance with the requirements of relevant departments. According to the notice, the funds for the central government investment will be 60% in the year and 40% in the next year, and will be gradually put into use in conjunction with the company's research. Since there is no clear regulation on the specific accounting of the central government investment involved in the project, the company cannot make a clear judgment on its impact.
It is reported that the company applied for "high-speed, precision, large-scale CNC cylindrical gear grinding machine", "high-speed, precision, large-scale CNC bevel gear grinding machine", "precision broach CNC forming grinding machine", "five-axis linkage blade CNC grinding machine" The four projects were approved by the Ministry of Industry and Information Technology. The total budget of the project was 88.57 million yuan, 43.47 million yuan, 17.97 million yuan, 35.03 million yuan, and the total amount of the four projects was 185 million yuan. The central government's financial resources for the four projects were 10.57 million yuan and 10.89 million respectively. Yuan, 3.01 million yuan, 6.17 million yuan, the central government invested a total of 30.64 million yuan.
The Notice of the Ministry of Industry and Information Technology of Shaanxi Province stated that the above four items are arranged in accordance with 50% of the central government's financial investment, and local matching funds are arranged.
At the same time, five projects, including the Hanjiang Expressway, Heavy Duty, Precision Ball Screw and Linear Guides, which were applied by Shaanxi Qinchuan Machine Tool Group Co., Ltd., the controlling shareholder of Qinchuan Development, and its subsidiaries, were also approved.
At present, the company is actively implementing budget revisions, opening special fund accounts, and supporting funds in place in accordance with the requirements of relevant departments. According to the notice, the funds for the central government investment will be 60% in the year and 40% in the next year, and will be gradually put into use in conjunction with the company's research. Since there is no clear regulation on the specific accounting of the central government investment involved in the project, the company cannot make a clear judgment on its impact.
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