Core Viewpoint - The company plans to invest approximately 298 million RMB in a green and environmentally friendly cable industry project located in Qingyuan City, aiming to enhance production capacity and market competitiveness [1][3]. Group 1: Project Details - The project will be situated in the Shatian Industrial Zone of Qingyuan City, covering an area of approximately 82.0257 acres [1]. - The investment will focus on constructing workshops for 35kV and below cables, special cables, and associated production lines, along with logistics and other supporting infrastructure [1]. Group 2: Company Background - The company specializes in the research, production, and sales of electric wires and cables, with products primarily used in power grid construction, renewable energy projects, and various infrastructure developments [1]. - It has established itself as a leading supplier in the cable sector, ranking in the top 5% of cable companies in terms of bid amounts for major power grid companies in 2022 [2]. Group 3: Market Position and Performance - In the first half of 2025, the company achieved a bid amount of 828 million RMB from the State Grid, indicating successful market expansion [2]. - The company has seen significant growth in its bidding amounts and supply performance for the State Grid, successfully winning multiple procurement projects across various provinces [2]. Group 4: Strategic Implications - The investment is expected to enhance production processes and automation, allowing the company to meet the increasing demand for high-quality cable products and improve overall competitiveness [3]. - The funding for the project will come from the company's own and raised funds, with no anticipated negative impact on its financial status [3].
新亚电缆拟投建绿色环保电缆产业项目，助力公司拓展市场份额