Core Viewpoint - Tianhe Magnetic Materials (603072) announced plans to invest approximately 850 million yuan in a high-performance rare earth permanent magnet and component manufacturing and R&D project in Baotou City, which is expected to enhance the company's business scale and overall profitability [1] Investment Details - The project will be constructed in two phases, with the first phase requiring an investment of 210 million yuan. The second phase will commence based on market conditions after the first phase reaches production capacity [1] - The investment will be funded through the company's own and/or self-raised funds, and it does not constitute a related party transaction or a major asset restructuring as per the regulations [1] Strategic Implications - Upon completion, the project is anticipated to strengthen the company's market competitiveness and risk resistance, aligning with its long-term planning and strategic layout [1] - The company stated that this investment will not significantly impact its current production and operations, nor will it harm the interests of the listed company and its shareholders [1]