XCC(SH:603667) Ge Long Hui·2026-02-05 10:30Core Viewpoint - The establishment of a joint venture between Wuzhou New Spring, Xinchun Aerospace, and Zhongzhe High-speed Rail aims to develop high-end bearings, enhancing the company's strategic positioning in the specialized bearing market [1][3]. Group 1: Joint Venture Details - The registered capital of the joint venture is set at RMB 60 million, with contributions of RMB 27 million from Xinchun Aerospace, RMB 12 million from Wuzhou New Spring, and RMB 21 million from Zhongzhe High-speed Rail [1]. - The joint venture will focus on the research, manufacturing, and sales of specialized bearings for high-end equipment and technology industries [2]. Group 2: Operational Framework - The joint venture will serve as a supplier to Xinchun Aerospace and Zhongzhe High-speed Rail, fulfilling existing and new orders, with a profit retention of 3%-5% based on sales volume [2]. - The joint venture is expected to apply for relevant qualifications three years after its establishment, with full cooperation from Xinchun Aerospace and Zhongzhe High-speed Rail [2]. Group 3: Strategic Implications - The collaboration is aligned with the strategic development plans of the company, aiming to leverage resource synergies and enhance profitability and core competitiveness in the specialized bearing market [3].