Core Viewpoint - Tianhe Magnetic Materials (603072) announced plans to invest in a high-performance rare earth permanent magnet and component manufacturing and R&D project in Baotou City, with a total investment of approximately 850 million yuan [1] Investment Details - The project will be funded through the company's own funds and/or self-raised funds [1] - The investment will be executed in two phases, with the first phase requiring an investment of 210 million yuan [1] - The second phase will commence based on market conditions after the first phase reaches production capacity [1] Business Impact - The completion and production of the project are expected to help expand the company's business scale [1] - The project aims to further enhance the overall profitability of the company [1]
天和磁材：子公司拟8.5亿元投建高性能稀土永磁及组件、装备制造与研发项目