PROJECT BRIEF OF WEIHAI CITY ¡ª¡ªTourism,Real Estate and Commerce
NO.T07 ¡ª¡ª Comprehensive development of Shengjing Mountain
I.PROJECT UNIT BRIEF £¨THOUSAND US$£©
COMPANY NAME
Wendeng City Tourism General Company
ADDRESS
99, Huanshan Road, Wendeng City, Shandong Province
CONTACT PERSON
Yu Jianping
TELEPHONE
0631-8253133
FAX
0631-8255089
E-MAIL
 
EMPLOYEES
200
TECHNICIANS & MANAGING STAFF
100
OWNERSHIP
State-owned
FOUNDING DATE
1991.8
ASSETS
6000  
REGISTERED CAPITAL
600  
LIABILITIES
 
MAIN PRODUCTS
Tourism resources development and travel service.

TECHNOLOGICAL AND OPERATIONAL CONDITIONS
 
BUSINESS STATUS(LAST 3 YEARS)
1999
2000
2001
ANNUAL SALES OR REVENUE
9000  
9638  
9745  
ANNUAL EXPORT
 
 
 
PROFIT AFTER TAX
 
 
 
II.BRIEFOF THE INTENDED PROJECT (THOUSAND US$)
PROJECT NAME
Comprehensive development of Shengjing Mountain
PROJECT TYPE
NEW
 
EXPANSION
¡̀  
INNOVATION
 
POLICY
ENCOURAGED
 
PERMITTED
¡̀  
RESTRICTED
 

PROJECT DESCRIPTION

This project is planned to import foreign currency to develop sacred Taoism place-Shengjing Mount Tourism Spot. Three parts included in the project: 1. Enlarging Donghua Palace Area. On the basis of existing parts, build another 12 temples and life areas including Yuhuang Palace etc; 2. Build Laozi Culture Museum. Study Laozi culture and Wendeng Scholarship; 3. Protection of "Laozi Moral Scripture" stone carving. Using closing transparent protection method to keep the relic area and prevent it from weathering.
TOTAL INVESTMENT
7000  
COOPERATION PERIOD
30 years  
FILED OR NOT
No  
III. INTENDED COOPERATION MODE
EQUITY JOINT VENTURE
¡̀  
EQUIPMENT QNLY
 
EQUITY TRANSFER
 
SOLELY FOREIGN OWNED
¡̀  
COOPERATIVE JOINT ENTURE
¡̀  
TECHNOLOGY TRANSFER
 
COMPENSATION TRADE
 
BOT(TOT)
 
OTHER MODE
 
IV.INVESTMENT BY EACH SIDE (THOUSAND US$)
ITEM
CHINESE PARTNER
FOREIGN PARTNER
INVESTMENT PROPORTION(%)
60%  
40%  
CASH
 
¡̀  
LAND USE RIGHT
¡̀  
 
PREMISE
¡̀  
 
EQUIPMENT
 
 
TECHNOLOGY
 
 
INTELLECTUAL PROPERTY RIGHT    
OTHERS
 
 
V.RAW MATERIALS AND INFRASTRUCTURES
In the Shengjing Mount area, there's a lot of historical relics, places and cultural things which provides very good base for developing tourism in the area.

VI.MARKET ANALYSIS
Taoism Quanzhen Party has great influence both in China and abroad. After a full development of Shengjing Mount tourism area, quantities of tourists will come here from home and abroad to visit and study Taoism culture.
VII.ECONOMIC BENEFIT ANALYSIS (THOUSAND US$)
CONSTRUCTION PERIOD
2 years  
ANNUAL SALES OR REVENUE
4286  
RETURN ON INVESTMENT
20%  
PAY-BACK PERIOD
5 years  

APPENDIX