Fermented Glutinous Rice of the Hakkas in Ninghua
1. Undertaking Unit: Ninghua Economic Bureau
2. Site of Project: The Downtown of Ninghua County
3. Person in Charge:
    Contact Tel:
Zhang Changsheng
0598-6823385
4. Reasons & Conditions for Its Construction an Market Forecasting:
   The residents in Ninghua have always been making fermented glutinous rice as a kind of drink at home since ancient time by means of making use of local quality polished glutinous rice and sweet spring water under the natural conditions of our county with a long history. The wine is sweet with a special taste, it is a special product of Ninghua the ancestral home of the Hakkas. The scientific test has shown that this wine contains various amino acids amounting to as much as 17 kinds. The products sell well after they are put into market because of high value of nutriment and health care and beautiful package. However, the existing manufacturers in Ninghua with the small scale can not meet the increasing demand of market. The raw materials of this project are polished glutinous rice and distiller's yeast, which are available in the local market. This project can make use of the idle factory houses and sites in the enterprises of stopping production.
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5. Construction Scale and Main Contents:
   The modern, advanced equipment of making wine and filling tins is to be imported to produce 10,000 ton of canned "Fermented Glutinous Rice of the Hakkas in Ninghua".
6. Total Input and Utilization of Foreign Fund:
   The total input will be 14.80 million yuan, of which 1.4 million USD of foreign fund is to be expected.
7. Form of Using Foreign Investment:
   Cooperation, joint venture or sole funded
8. Analysis on the Economic Results:
   The yearly sale income will be 71.92 million yuan, the profit of 3.6 million yuan (including the income tax of 1.19 million yuan), the added value tax and special consumer tax of 8.40 million yuan and the rate of input profit of 24.3%. The return of the input in the fixed asset will take 3 years (including the period of construction).
9. The Development of the Preliminary Work:
   The feasibility study of the project has been completed.


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