JHT(SH:603061) Shang Hai Zheng Quan Bao·2026-02-11 18:14Core Viewpoint - The company plans to invest up to 400 million RMB in the construction of the Shanghai Lanbo Semiconductor Equipment Manufacturing Center, which will integrate production, research and development, and office functions [2][4][18]. Investment Overview - The investment project is named the Shanghai Lanbo Semiconductor Equipment Manufacturing Center, with a total investment not exceeding 400 million RMB [2][4]. - The investment has been approved by the company's board of directors and does not require shareholder approval [2][5][7]. Project Details - The project will cover approximately 30 acres and include a facility of up to 55,000 square meters, featuring production workshops, office buildings, and supporting structures [8]. - The project aims to enhance the company's manufacturing capabilities for semiconductor testing and sorting machines, thereby improving overall operational efficiency [18]. Market Context - The global semiconductor market is expected to grow by 22.5% in 2025, with the semiconductor equipment market projected to increase by 13.7% [16]. - The project aligns with national industrial policies aimed at advancing key technologies in the semiconductor sector [16]. Financial Implications - The project is expected to have a phased investment payment plan over three years, with 60% of the investment in the first year, 32% in the second year, and 8% in the third year [19]. - The company has sufficient available funds and credit lines to support the project without significantly impacting its operational cash flow [20]. Strategic Importance - The new manufacturing center will allow the company to expand its production capacity and upgrade its product structure to meet increasing market demands [11][12]. - The facility will also provide improved logistics and operational efficiency, which are critical for the company's long-term growth [14].