Currently, the company is planning a new 60,000 ton BOPET project, which has been approved by the Development and Reform Commission. In addition to the 30,000 ton project in the early stages, the total BOPET production capacity of 90,000 tons is the largest domestic producer. In addition, the company's vision is planning a 150,000-ton polyester slicing project to open up upstream and downstream, control costs more effectively, and thereby obtain excess revenue. Since 2004, the company has invested a large amount of capital to build six major projects by borrowing money from banks, with a total investment of 494 million yuan. As a result, the debt burden is heavy, and the parent company's balance ratio has always been higher than 80%. In 2005, the company's financial expenses were negative due to financial reductions of 23.87 million yuan and 25 million yuan in exchange earnings, while financial expenses in 2006 and 2007 were 58.03 million yuan and 51.41 million yuan respectively, accounting for 4.67% and 3.62% of total revenue. Therefore, the funds raised this time were mainly used to repay bank loans to ease the pressure on financial expenses.