Zhejiang Huaye: Plans to invest 1.094 billion yuan to build the second phase of the Mu'ao production base project

NightAirdropper · 2026-03-22T08:49:34+00:00

Every AI Brief: On March 22, Zhejiang Huaye (301616.SZ) announced that the company plans to invest in and construct the second phase (of the Mu'ao Production Base Project), with a planned total investment of 1.094 billion yuan, funded by self-owned or self-raised capital. The project is located in Dinghai District, Zhoushan City, Zhejiang Province, with a construction cycle of three years, aimed at increasing the production capacity of screws, barrels, and gearless spindles, and breaking through existing capacity bottlenecks. Upon completion, the project is expected to generate annual output value of approximately 1.2 billion yuan. Currently, the project still requires approval from the shareholders' meeting and must complete various approval procedures including energy assessment, environmental assessment, and safety assessment.Daily Economic News

NightAirdropper

2026-03-22 08:49:34

Everyday Economic News AI Briefing, March 22 — Zhejiang Huaye (301616.SZ) announced that the company plans to invest in the construction of the Mu’ao Production Base Project (Phase II), with a total planned investment of 1.094 billion yuan, funded by its own or self-raised capital. The project is located in Dinghai District, Zhoushan City, Zhejiang Province, with a construction period of three years. Its goal is to increase capacity for screw, barrel, and collet production, breaking through current capacity bottlenecks. Once operational, the project is expected to generate an annual output value of about 1.2 billion yuan. The project still requires approval from the shareholders’ meeting and must undergo environmental, safety, and energy assessments.

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