Xianhe(SH:603733) Zheng Quan Zhi Xing·2025-08-06 11:14Core Viewpoint - The company plans to invest approximately 11 billion RMB in an integrated high-performance paper-based new materials project, with the first phase requiring about 5.5 billion RMB and the second phase contingent on the first phase's success [1][5][10] Investment Overview - The project aims to produce 800,000 tons of bamboo pulp and 1.2 million tons of high-performance paper-based new materials, with the first phase focusing on 400,000 tons of bamboo pulp and 600,000 tons of high-performance paper [5][6] - The expected annual output value of the first phase is approximately 5.15 billion RMB, generating around 450 million RMB in annual tax revenue and creating about 2,000 jobs [2][6] Project Approval Process - The investment proposal was approved by the company's board on August 6, 2025, and will be submitted for shareholder approval [1][3] - The project is not classified as a related party transaction or a major asset restructuring under relevant regulations [3] Project Location and Resources - The project will be located in the Linjiang New Materials Industrial Park in Hejiang County, Luzhou City, Sichuan Province, which has abundant bamboo resources and favorable conditions for industrial development [4][8] - The investment aligns with national industrial policies and aims to utilize local renewable resources for production [8] Market Positioning and Feasibility - The project is positioned to meet the growing demand for high-performance paper-based materials, driven by economic development and consumer upgrades [6][7] - The company has nearly 30 years of experience and technological advantages in the high-performance paper-based materials sector, enhancing its competitive edge [6][7] Investment Impact - The investment is expected to extend the upstream supply chain, diversify the product range, and enhance the company's competitiveness, aligning with its long-term development strategy [8] - The project is not anticipated to significantly impact the company's current operating performance in the short term [8] Risks and Uncertainties - The project faces uncertainties related to regulatory approvals, funding availability, and market conditions, which could affect the investment amount and progress [2][9] - The second phase of the project will depend on the successful implementation and operational performance of the first phase [10]