Core Viewpoint - The company is establishing a new subsidiary, Ningdong Company, in Yinchuan, Ningxia, to expand its overseas market presence and leverage the region's advantages in the Belt and Road Initiative [1][2] Group 1: Project Overview - The registered capital of Ningdong Company is RMB 169 million, fully funded by the company in cash, representing 100% ownership [1] - The overall timeline for the Ningdong project includes a 6-month preparation phase and an 18-month construction phase, with plans to commence construction in March 2026 and complete it by September 2027 [1] Group 2: Strategic Importance - The Ningdong project aims to utilize the geographical advantages of the western region under the Belt and Road Initiative to significantly expand the company's product export business [2] - The implementation of the project will enhance the company's production technology and management capabilities, improving product performance and market competitiveness [2] - The project will increase the production capacity of high-performance nylon 66 industrial yarn and coated fabric, reduce production costs, and optimize the company's product structure, creating high-value profit growth points [2]

Core Viewpoint - The company aims to expand its overseas market presence by establishing a new subsidiary in Ningxia, leveraging the region's strategic advantages in the Belt and Road Initiative [1] Group 1: Company Initiatives - The company plans to set up Shena (Ningdong) Fabric Co., Ltd. in the Ningdong Energy and Chemical Base, focusing on the coal-based new materials industry [1] - The new subsidiary will undertake the Ningdong Project, which involves the production of high-performance nylon 66 dipped fabric [1] - The registered capital for the new company is set at RMB 168.76 million, fully funded by the parent company in cash, representing a 100% ownership stake [1]

Core Viewpoint - The company is establishing a new subsidiary, Ningdong Company, in Yinchuan, Ningxia, to expand its overseas market presence and leverage the region's advantages in the Belt and Road Initiative [1][2] Group 1: Project Overview - Ningdong Company will focus on the Nylon 66 high-performance coated fabric project, with a registered capital of RMB 169 million, fully funded by the company [1] - The project has a two-phase timeline: a 6-month preparation phase followed by an 18-month construction phase, aiming for completion and production by September 2027 [1] Group 2: Strategic Importance - The Ningdong project is a strategic move to utilize the geographical advantages of the western region under the Belt and Road Initiative, enhancing the company's export capabilities [2] - The project aims to improve product performance through technological advancements, thereby increasing market competitiveness and optimizing the company's product structure [2] - By leveraging local resource advantages, the project is expected to increase production capacity for high-performance Nylon 66 industrial yarn and coated fabrics, reducing production costs and creating high-value profit growth points [2]

Core Viewpoint - The company aims to expand its overseas market presence by establishing a new subsidiary in Ningdong Energy and Chemical Base, leveraging the geographical advantages of Ningxia in the Belt and Road Initiative [1] Group 1: Company Initiatives - The company plans to set up Shennma (Ningdong) Fabric Co., Ltd. in the Ningdong Energy and Chemical Base [1] - The new project will focus on the production of high-performance nylon 66 dipped tire fabric [1] - The registered capital for the new subsidiary is set at 169 million RMB, fully funded by the company in cash, representing 100% ownership [1]