Project Overview - The company has obtained a "Project Filing Notification" issued by the Baotou High-tech Zone Industrial and Information Technology Bureau for a new project [2][3] - The project involves a total investment of 250 million yuan, focusing on the production of various magnetic materials, including 12,000 tons of deep processing and magnetic material components annually [3] Project Details - The project will have an annual production capacity of 60 tons of injection-molded magnets, 200 tons of bonded magnets, and 30 million magnetic components [3] - Construction will include facilities for injection molding and surface treatment, as well as the acquisition of necessary production equipment [3] Impact on the Company - The project aligns with national and local government policies and the company's strategic development plan, which is expected to have a positive impact on the company's long-term growth [4] - The company plans to implement the project cautiously and steadily, ensuring that it does not disrupt existing core business operations [4]

Core Viewpoint - The company has received a project filing notice from the Baotou High-tech Zone Industrial and Information Technology Bureau for a new project focused on the deep processing of magnetic materials and components, which is expected to positively impact its long-term development [1][2] Project Overview - Project Name: 12,000 tons of magnetic material deep processing and magnetic component project [1] - Total Investment: 250 million yuan [1] - Construction Scale: - Annual production of injection-molded magnets: 60 tons/year (20 million pieces/year) - Annual production of bonded magnets: 200 tons/year (20 million pieces/year) - Annual production of magnetic components: 30 million pieces/year - 12,000 tons of surface-treated NdFeB permanent magnetic materials [1][2] Construction Details - Construction includes: - Injection molding and surface treatment factory buildings and auxiliary facilities - Purchase of production equipment such as injection molding machines, powder forming presses, robotic arms, thermal drying tunnels, and magnetizing machines - Purchase of production lines for phosphating, epoxy, bluing, and chamfering, as well as pure water sewage treatment and environmental waste gas treatment systems [2] Impact on the Company - The project aligns with national and local government policies and the company's strategic development plan, expected to have a positive long-term impact [2] - The company plans to implement the project cautiously and steadily, ensuring no disruption to existing main business operations, with no significant short-term impact on financial status or operating results [2]