JCT(SH:603657) Zheng Quan Zhi Xing·2025-09-04 11:14Core Viewpoint - Company has signed an investment development supervision agreement with local government to enhance production capacity and optimize resource allocation in response to market demand [1][3] Group 1: Investment Overview - The company’s subsidiary, Suzhou Shangteng, will invest approximately RMB 289 million in the first phase of the project, with total planned investment reaching RMB 1 billion [1][5] - The project aims to establish a new production facility for clean electrical appliances, with a planned annual output of 8 million units [5] - The land for the project covers an area of 21,800.1 square meters and is designated for industrial use with a lease term of 30 years [5] Group 2: Agreement Details - The agreement involves three parties: Jiangsu Wuzhong High-tech Industrial Development Zone Management Committee, Suzhou Shangteng, and the local government [6] - The agreement stipulates that the company must meet specific investment intensity and tax revenue requirements, including an average investment intensity of no less than RMB 25.49 million per mu and an average tax revenue of no less than RMB 1 million per mu [6][7] - The company is required to submit performance bonds and adhere to various construction and operational standards as outlined in the agreement [7] Group 3: Impact on Company - The investment is expected to reduce rental costs and enhance production capabilities, aligning with the company's long-term strategic goals [8] - The company anticipates that this agreement will not significantly impact its operating performance in 2025 [8] - The project is seen as a response to the growing demand in the clean electrical appliance market, aiming to strengthen the company's market position [8]