According to the Zhitong Finance App, Luozhu Co., Ltd. (301699.SZ) announced that the company plans to invest in the construction of high-reliability civil aviation bearings development and production capacity improvement projects and bearing development and industrialization projects for high-speed rail, standard subways and standard city trains, with investment amounts of 389 million yuan and 381 million yuan respectively.

Both projects invested in this investment are in line with the country's strategic emerging industry development direction and the company's long-term development strategy. The implementation of the project will help the company seize the historical opportunity of localization and replacement of high-end equipment, break through technical barriers to high-end bearings in aviation and rail transit, and enhance the company's position and competitiveness in the global bearing industry chain. After completion, the project will help the company optimize its product structure, cultivate new profit growth points, enhance the company's overall strength and sustainable profitability, and meet the interests of the company and all shareholders.

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