Innuovo Technology (SZ:000795) Ju Chao Zi Xun·2025-06-30 03:36Core Viewpoint - The company, Yingluo Technology Co., Ltd., has approved an investment plan for a new project to expand the production capacity of sintered neodymium-iron-boron magnets by 5,000 tons annually, with a total estimated investment of approximately 423.81 million yuan [3][4]. Group 1: Project Details - The project, named "Annual Production of 5,000 Tons Sintered Neodymium-Iron-Boron Expansion Project," will be implemented by the wholly-owned subsidiary, Dongyang Dongci Rare Earth Co., Ltd. [4] - The construction site is located at No. 33 Kexing Road, Hengdian Town, Dongyang City, Jinhua, Zhejiang Province [4]. - The project includes factory renovations, new production lines, and additional testing equipment, with an expected construction period of 18 months [4]. Group 2: Strategic Implications - The expansion project aligns with national industrial policies and industry development trends, aiming to enhance the company's production capacity to meet the growing market demand for neodymium-iron-boron materials [4]. - Upon completion, the project is expected to increase the scale of the company's neodymium-iron-boron business and strengthen its overall competitiveness, positively impacting long-term development and benefiting all shareholders [4].