Core Viewpoint - The report discusses the progress and challenges of two major investment projects by Green Hen Technology Group, specifically the "Nansha Green Hen Breeding Research Institute Base Construction Project" and the "Tianjin Green Hen Agricultural Science and Technology Park Construction Project," highlighting delays and adjustments in timelines due to various factors [1][12]. Group 1: Nansha Green Hen Breeding Research Institute Base Construction Project - The project has experienced delays, with the completion date extended from April 2025 to December 2025 due to external factors such as land acquisition and government support services [4][12]. - As of June 2025, the project has incurred a total investment of 30.24 million yuan, representing 48.65% of the planned investment, with the main construction nearing completion [3][5]. - The project focuses on breeding new vegetable varieties rather than direct production, aiming to enhance the company's long-term market competitiveness [6][12]. Group 2: Tianjin Green Hen Agricultural Science and Technology Park Construction Project - The project is progressing according to plan, with no significant delays reported, and aims to strengthen the company's operations in northern China [7][8]. - The total investment for the project is set at 130 million yuan, with construction expected to be completed by April 2027 [10][13]. - The project includes the establishment of a fertilizer production facility and a vegetable seed processing plant, which are essential for the company's growth in the northern market [8][9].
绿亨科技: 国泰海通证券股份有限公司关于绿亨科技集团股份有限公司年报问询函的核查意见