HAIGUO(SZ:301063) Mei Ri Jing Ji Xin Wen·2025-11-12 08:33Core Viewpoint - The company, Haigang Co., announced a strategic investment in high-end component projects, including flywheel energy storage, through a joint venture with Wuyue Special Materials Technology Co., aiming for significant growth in its production capabilities and market presence [1]. Group 1: Investment and Strategic Initiatives - Haigang Co. plans to establish a joint venture, Suzhou Magtai High-end Equipment Co., with a registered capital of 100 million yuan, where Haigang will contribute 80 million yuan (80% stake) and Wuyue will contribute 20 million yuan (20% stake) [1]. - The total investment for the flywheel energy storage and high-end component project is estimated at 1 billion yuan, focusing on the production of flywheel rotors and high-end equipment components [1]. - The company has sought authorization from its shareholders to allow the chairman or authorized personnel to handle matters related to the establishment of the project company [1]. Group 2: Financial Performance - For the year 2024, Haigang Co.'s revenue composition is as follows: forgings account for 91.5%, scrap materials for 7.89%, material sales for 0.29%, processing fees for 0.28%, and rental income for 0.04% [1]. - As of the latest report, Haigang Co. has a market capitalization of 2.6 billion yuan [2].