Core Viewpoint - Beijing Oriental Yuhong Waterproof Technology Co., Ltd. plans to invest 600 million RMB in a new materials industry chain project in Shanglin County, Nanning, Guangxi, focusing on mining, processing, and production of various products [1][2]. Group 1: Project Details - The project will include mining, primary and deep processing of ores, and the production of products such as decorative marble slabs and special mortars [1]. - The construction will be carried out in phases, with the first phase covering approximately 50 acres for high-end limestone products and decorative stone slabs, expected to start within three months after land acquisition [1]. - The second phase will also cover about 50 acres for the production of special mortars and putty powder, with potential future investments in related industries depending on resource and market conditions [1][2]. Group 2: Financial Projections - Once fully operational, the project is expected to generate an average annual output value of approximately 800 million RMB and contribute around 40 million RMB in annual taxes [3]. Group 3: Stock Performance - As of the close of trading on the announcement date, Oriental Yuhong's stock price was 12.39 RMB per share, reflecting a 1.56% increase [4].