Luyin investment group development co., ltd

On June 5438+065438+ 10, 2003, after deliberation and approval by China Securities Regulatory Commission and shareholders' meeting, the company and Laigang Group successfully implemented asset replacement, replacing 43.69% equity of Qilu Assets and some accounts receivable held by the company with 83.04% equity of strip steel production line and powder company owned by Laigang Group, which played a positive role in resolving business risks and seeking new development. As an asset, the strip steel production line ranks second in the industry, with a total profit of about 50 million yuan per year. Powder company's products are high-tech new materials. He has successively undertaken and completed projects such as National Spark Plan "High-quality and high-performance powder metallurgy reduced iron powder", National "863" Plan "High-performance steel powder materials for automobiles" and Shandong Province's "Ninth Five-Year Plan" scientific and technological research plan "Research and development of high-performance water atomized steel powder and products", and obtained 8 scientific and technological achievements, including 7 utility model patents and 3 invention patent applications. Therefore, with the gradual commissioning of the national "863 Plan" project of the powder company-"40,000 tons of water atomized iron powder production line", its good development prospect will gradually emerge.