Core Viewpoint - The company, BaoTi Co., Ltd. (600456.SH), announced a joint investment with Zhongke Ruilong to establish a new company, Jiangsu Ruilong Precision Technology Co., Ltd., aimed at enhancing the titanium material industry chain and product structure through the development and production of precision titanium materials [1] Group 1 - The joint venture will focus on building a high-quality titanium and titanium alloy precision foil production line [1] - The initiative aims to promote technological innovation and industrialization of titanium material precision rolling processes [1] - The registered capital of the joint venture is set at 20 million yuan, with BaoTi contributing 9.8 million yuan for a 49% stake and Zhongke Ruilong contributing 10.2 million yuan for a 51% stake [1]