Zhitong Finance App News, *ST Jinghua (600889.SH) announced that Nanjing Process Equipment Manufacturing Co., Ltd. (“Nanjing Technology”), a wholly-owned subsidiary of the company, signed a “Project Investment Agreement” with the Nanjing Jiangning Binjiang Economic Development Zone Management Committee to invest in the construction of an “intelligent manufacturing high-end functional components industrialization project (tentative name)”. The project investment amount is about 1,255 billion yuan, of which the construction investment is about 1,221 billion yuan. Nanjing Technology is the implementing entity of the project and is a wholly-owned subsidiary of the company.
The construction period of the project is expected to be 96 months. The project is being implemented in two phases. The first phase is scheduled to start construction by the end of June 2027, and construction will be completed within 3 years; the second phase will start construction in due course according to the actual business conditions of the enterprise, and construction will be completed within 3 years. The project will complete all investment and construction by the end of 2035 at the latest.
After delivery, the project will significantly increase the proportion of high-end products and the level of intelligent manufacturing. The project will promote the localized application of high-end functional components in high-end equipment and advanced manufacturing, and enhance the resilience of the supply chain of key basic components. Project construction will also drive the collaborative development of precision manufacturing, industrial software, intelligent inspection, automated logistics and related service industries, attract and cultivate high-end R&D, technology, equipment and digital talents, and provide support for the construction of advanced regional manufacturing clusters.