FREEWON(SH:688678) Shang Hai Zheng Quan Bao·2025-09-10 19:23Investment Overview - The company plans to invest approximately 500 million RMB in the "Qiangxin Isothermal Treatment High-end Wire Material Project" through its subsidiary, Qiangxin Technology (Nantong) Co., Ltd. [2][10] - The total investment includes about 300 million RMB for fixed assets, with 200 million RMB allocated for equipment and 100 million RMB for land and buildings [2][10]. Project Details - The project will be located in Nantong High-tech Zone, covering an area of approximately 79 acres [7][17]. - The construction period is estimated to be 26 months, with completion and production expected by the end of March 2028 [10][19]. Financial Implications - The project is expected to generate significant revenue, with projected taxable sales of 100 million RMB in 2028, increasing to at least 400 million RMB by 2031 [18][19]. - The funding will come from the company's own or self-raised funds, and the company is aware of potential financial risks associated with funding availability [4][20]. Strategic Importance - The project aims to enhance the company's production capacity for high-strength wire materials used in infrastructure projects, aligning with national economic development strategies [15][19]. - The investment is expected to improve the company's product offerings and strengthen its competitive position in the market [19]. Approval Process - The investment has been approved by the company's board and will require further approval from the shareholders' meeting [3][8].