On April 15^th, it was known from Heli that the company had passed the proposal of issuing stocks to the public and all the collected fund would be used for implementing the new strategic deployment of development. Earlier before, the Board of Directors in Anhui Heli proposed the plan to public issue new stocks not more than 50 million Yuan and collect fund of 1.009 billion Yuan, mainly for the construction of such five projects as Heli Casting Center, large-tonnage forklift and special vehicles of Baoji Heli Weibin Factory, Heli Industrial Vehicle Southern (Hengyang) Production Base, Business Department of Forklift, Construction Machinery Covering Parts & Cabs and Forklift Mast Business Department.

Presently, production capacity of the two production bases—Heli Industrial Park and Baoji Forklift Factory has reached 40,000 sets, yet not enough to meet the demands of the market. Moreover, current production layout of forklifts in the company is not that reasonable. As middle and western markets have relatively strong supplying ability, it has formed unfavorable competitive factors such as high transportation cost and untimely supply in Middle-South, Southwest and Pearl River Delta markets due to lacks of production base, which will restrict the enterprise’s development.  

The project of large-tonnage forklifts and special vehicles in Baoji Heli Weibin Factory is mainly to adapt for the Western Development striding to deep stage. The output of Baoji Heli Forklift Factory is one sixth of that in the whole company, market share in West Area up to 48%. Once the project in Baoji Heli Weibin Factory is finished construction and reaches the set yield, it is estimated to have an increased annual sales revenue of RMB700.7715 million Yuan and profit before tax of RMB46.7166 million Yuan.

Heli Industrial Vehicle Southern (Hengyang) Production Base is established to fill the gap of production base in Southern China. This project will make use of local effective resource in Hengyang to develop explosion-proof electric forklifts and other industrial vehicles, realizing the covering of the markets in Middle-South, Southwest and Pearl River Delta and enhancing the export capacity to Southeast Asia, Hong Kong and Macao. The project has expropriated 120 Mu lands in Baishazhou Industrial Park in Hengyang. After construction, it is able to annually produce 5000 sets of medium-small tonnage forklifts and special forklifts at domestic advanced level. The project is estimated to bring increased annual sales revenue of RMB329.0595 million Yuan and profit before tax of RMB28.0925 million Yuan after reaching the set yield.