振江股份拟设立境外三级子公司以更好开拓海外业务

Core Insights - The company, Zhenjiang Co., integrates design, research, production, and sales of port machinery, wind power components, electrolytic aluminum machinery, and engineering machinery steel structures [1] - The company is focusing on gas turbines with high efficiency, stability, and flexibility, which are suitable for data center power solutions, and has established strong overseas customer channels [1] - The company has significant growth potential in the field of exoskeleton robots and has formed a partnership to focus on intelligent control algorithms and bionic design, with four patent applications planned for 2024 [1] International Expansion - The company plans to establish a wholly-owned subsidiary in Germany with an investment of €6 million to enhance its global presence [1] - The establishment of a subsidiary in Hong Kong is aimed at leveraging its position as a major international financial and trade center to facilitate the company's internationalization [2] - The company is also setting up a subsidiary in Saudi Arabia to tap into the growing demand for photovoltaic fasteners in the renewable energy market, with an investment of 1,875,000 SAR [4]