SMIC(SH:600810) Zhi Tong Cai Jing·2025-11-24 09:51Core Viewpoint - The company is establishing a new subsidiary, Ningdong Company, in Yinchuan, Ningxia, to expand its overseas market presence and leverage the region's advantages in the Belt and Road Initiative [1][2] Group 1: Project Overview - The registered capital of Ningdong Company is RMB 169 million, fully funded by the company in cash, representing 100% ownership [1] - The overall timeline for the Ningdong project includes a 6-month preparation phase and an 18-month construction phase, with plans to commence construction in March 2026 and complete it by September 2027 [1] Group 2: Strategic Importance - The Ningdong project aims to utilize the geographical advantages of the western region under the Belt and Road Initiative to significantly expand the company's product export business [2] - The implementation of the project will enhance the company's production technology and management capabilities, improving product performance and market competitiveness [2] - The project will increase the production capacity of high-performance nylon 66 industrial yarn and coated fabric, reduce production costs, and optimize the company's product structure, creating high-value profit growth points [2]