Core Viewpoint - The company, Wellbeing Medical (300888.SZ), announced a significant investment of 2 billion yuan to establish a production base for cotton-based non-woven fabric products, indicating a strategic expansion in its manufacturing capabilities [1] Group 1: Investment Details - The investment will be made by the company's wholly-owned subsidiary, Shenzhen Cotton Era Technology Co., Ltd. [1] - The project will cover an area of approximately 1,000 acres and is planned to produce 20,000 tons of water-jet non-woven fabric and water-jet cotton annually [1] Group 2: Project Timeline - The construction of the project will be carried out in two phases, with the first phase expected to commence production by September 2028 [1] - The second phase is scheduled to begin production in 2033 [1]

Project Overview - The investment scale for the project is approximately 2 billion yuan [2] - The project will cover an area of about 1,000 acres and aims to establish a production base for 20,000 tons of spunlace non-woven fabric and spunlace cotton annually [2] - The construction will be carried out in two phases, with the first phase expected to commence production in September 2028 and the second phase in 2033 [2] Strategic Significance - The project aims to enhance the supply chain layout for all-cotton products, ensuring controllable costs, supply chain, and technology [2] - It aligns with the company's "vertical integration" strategy, which is intended to build a long-term competitive moat [2] Financial Impact - The project is expected to have a construction cycle that will not significantly adversely affect the company's current financial status and operating results [1][2] - Funding sources include self-owned funds and self-raised funds [2] Regulatory Considerations - The project is subject to approval from government departments, which may introduce uncertainties regarding investment benefits and construction progress [2]

Core Viewpoint - The company, Steady Medical (300888.SZ), is enhancing its core brand "Purcotton" by investing in a new production base for cotton non-woven fabric to strengthen its supply chain and product competitiveness [1] Group 1: Investment and Development Strategy - The company aims to build a production base for cotton non-woven fabric, focusing on high-quality and large-scale production [1] - The project will involve an investment of approximately 2 billion yuan, with a planned annual production capacity of 20,000 tons of water-jet non-woven fabric and cotton products [1] - The construction will cover an area of about 1,000 acres, ensuring a controlled and stable supply chain [1] Group 2: Brand and Product Strategy - "Purcotton" has consistently selected high-quality cotton as its core raw material, establishing a differentiated brand advantage based on medical-grade quality [1] - The initiative aligns with the company's long-term development strategy of "product leadership, excellent operations, and global vision" [1] - The project aims to enrich the product matrix of cotton products, enhancing the brand's competitiveness in the cotton consumer goods sector [1]