Flower King Eco-Engineering(SH:603007) Ge Long Hui A P P·2025-11-26 13:10Core Viewpoint - *ST Huawang (603007.SH) announced the establishment of a wholly-owned subsidiary, Yibin Niwei Automotive Systems Co., Ltd., to enhance business development and market presence in the southwest region of China [1] Group 1: Investment and Strategic Development - The company plans to invest 10 million RMB of its own funds to set up Yibin Niwei [1] - Yibin Niwei will serve as the main implementation entity for high-pressure fuel tank projects, targeting major automotive manufacturers in the southwest region [1] Group 2: Business Objectives - The establishment of Yibin Niwei aims to accelerate business development, expand market share, and improve overall operational efficiency [1] - The move is expected to enhance the company's market competitiveness and profitability [1]