Shandong Hundred Million Xin Tubes Industry Limited Company in March, 2006 operation construction, the registered capital 20, 000, 000 Yuan, occupies a land area of 4000 square meters, divides two phase of constructions, an issue invests 230, 000, 000 Yuan, the fixed asset invests 140, 000, 000 Yuan. The first phase goes into production in May, 2007, constructs the workshop two as well as the office building, the staff and workers living quarters, the dining room, the laboratory and so on total 12000 square meters, 220 seamless steel pipe production line, main product DN125-DN230, 8162, 8163 seamless steel pipes, the product mainly uses in the thermoelectricity, the petroleum, the chemical industry, the project amounting to the post-natal annual output 100, 000 tons, the year electricity consumption 20, 000, 000 degrees, the year may realize the sales revenue 450, 000, 000 Yuan, the profits and taxes 50, 000, 000 Yuan.

Our company existing engineers and technicians 40 people, senior engineer 5 people, engineer 5 people, accountant 3 people, adjust the teacher 2 people, ripe accomplished Daoist priest 2 people, skilled worker 100 people. The product through the Shandong Province engineering supervision department's authentication, the product has filled Dezhou's blank, is awarded the key support enterprise by the municipal government.

Two issues plan in 2007 in the second half of the year the operation construction, invests 230, 000, 000 Yuan, introduces one to produce the DN300 seamless steel pipe production line, the annual output 300, 000 tons, advances into the national large-scale Seamless tube plant ranks. Estimates the year sales revenue 1, 800, 000, 000 Yuan, the profits and taxes 300, 000, 000 Yuan.