Core Insights - Jack Technology Co., Ltd. is participating in the 15th China Henan International Investment and Trade Fair, marking its first attendance at this event [1] - The company plans to invest in a smart garment machinery manufacturing project in Shangqiu City, with a total investment of 1 billion yuan [3] Company Overview - Jack Technology, founded in 1995 and headquartered in Zhejiang, focuses on the intelligent garment equipment industry for 30 years [4] - The company is the only one in the global intelligent sewing equipment sector that integrates PDM, APS, MES, WMS, and AI into a comprehensive intelligent manufacturing software system [4] - Jack Technology serves clients across over 170 countries in various sectors, including apparel, footwear, luggage, home goods, leather, automotive, and aviation [4] Project Details - The smart garment machinery project will be located in the Suiyang High-tech Industrial Development Zone, covering an area of approximately 220 acres, with the first phase planned to occupy about 105 acres [3] - The project aims to create a modern production center for automated garment production equipment, including automatic cutting machines and automatic fabric laying machines [3] - The project is expected to be operational in two years, creating over 500 jobs and generating an annual tax revenue of over 5 million yuan [3] Financial Performance - For 2024, Jack Technology anticipates a sales revenue of 6.094 billion yuan, representing a year-on-year growth of 15.11% [4] - The projected net profit for 2024 is 812 million yuan, reflecting a significant year-on-year increase of 50.86% [4]