Core Viewpoint - The company plans to implement a capacity expansion project to enhance overall production capacity and operational efficiency through investment in high-end cast steel pump valve components and structural components manufacturing [1] Group 1: Investment and Project Details - The total investment for the high-end cast steel pump valve components and structural components manufacturing project is approximately 1.5 billion yuan, funded by the company's own resources [1] - The expected construction period is from September 2026 to December 2027, lasting about 16 months, with an anticipated annual production capacity of 40,000 tons of various cast steel components and an estimated annual output value of 1 billion yuan [1] Group 2: Company Background and Operations - Niuwei Industrial Materials (Suzhou), established in 2005, is located in the High-tech Zone of Suzhou, Jiangsu Province, and serves as one of the company's production bases for cast and forged components, primarily producing various sand castings [1] - The company will organize the overall relocation of Niuwei Industrial Materials (Suzhou) after the new manufacturing facility for high-end cast steel components is fully constructed, equipment is debugged, and operations are stable, to achieve capacity replacement and expansion [1]