THE PROPOSED PROJECTS FOR INTERNATIONAL ECONOMIC
AND TECHNICAL COOPERATION IN NINGBO IN 2001

Ser. No: 061 Industry: Service Industry
March, 2001
Project Title
Rebuilding of Langjiang Theatre
Cooperation
Form
Joint Venture

Project
Description

ProjectScheme,
Construction
Planning,
Marketing Analysis,
Business Scaleand
Estimated Sales
The scale of construction: covering an area of 2,400 sq.m. with the construction of 2,376 sq.m..
Langjiang Theatre is well known to citizens in Ningbo. The project is intended to build the existing Lnagjiang Theatre into the two-storey double-hall structure by retaining its main building foundation, and set up the additional rooms for the makeup, stage property, dressing, music tea and foreign guests reception. As a result, it would become a multifunctional cultural building complete with performances, entertainment, recreation and restaurant, featuring elegant surroundings, full installation, gracious style, and rich connotation. ¡¡¡¡
It is predicted to make 4.2 million yuan in annaul business income with annual profit of 1.25 million.

Equipment Tobe Importedand Rawmaterials to Be Supplied

The numerical coding stereo installation for performances, lamps for the stage, and other speaker system are available in the country.

Estimated Investment and Benefit Analysis

Total
Investment
USD
1.1million
Registered
Capital
USD
770,000
Annual
Salesincome
RMB
4.2 million
Investment Form of Foreign Partner
Annual
profit
RMB
1.25 million
Cash
Technology
Equipment
Brand
Others
Internal
Rateof
Recovery
15 percent
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-
-
-
Recovery
Periodof
Investment
7 years

Present Status of Chinese Partner(Current Ownership, Total Assets and Fixedassets, Present Products and Sales, Present Equipment Andtechnology and Facilities, etc.)

Langjiang Theatre, the state-owned institution, has the fixed assets of 2.7 million yuan. It covers an area of 2,400 sq.m. with the construction of 3,030 sq.m., and employs 28 workers and staff members. The theatre is mainly engaged in theatrical performances stage for rent and speaker system operation.
Location Advantage
Located at Jiangbei District in Ningbo, it boasts the urban cultural atmosphere, most favourable conditions and good future.
Process of The Project
Seek for foreign investment.
Document
Savailable
Rebuilding program
Chinese Partner to Contact
Ningbo Langjiang Theatre
Person to
Contact
Xie Qiuchao
Address
53, Renming Road, Jiangbei District, Ningbo, China
Post Code
315050
Telephone
0086 - 574 - 87186117
Fax
0086 - 574 - 87186117
E-mail
-
Website
-

Municipal Liaison Department: Ningbo Municipal Commission of Foreign Trade and Economic Cooperation
(Ningbo foreign Investment Development Board)
Address: 190 Lingqiao Road, Ningbo 315000, P.R.China
Telephone: 86-574-87327023(Information Liaison Dept.), 87315735(The First Sector Dept.), 87310671(The Second Sector Dept.)
Fax:86-574-87315992, 87327429
E-mail: xmb@ningbochina.com
Website: www.ningbochina.com