Haiyou New Materials (688680.SH) plans to set up a subsidiary to invest in the construction of a special polymer film production project

Zhitong Finance App News, Haiyou New Materials (688680.SH) announced that in order to respond to market changes in the photovoltaic industry, optimize the company's resource allocation and capacity layout, improve the efficiency of the use of existing production equipment, and better implement the strategy of “nearby service and deep binding to core customers”, respond quickly to customer needs, enhance customer satisfaction, and increase the market share of the company's products to core customers, the company plans to establish a company in Jintang County, Chengdu, and invest in a polymer special adhesive film production project. This project does not involve additional production capacity; it is a restructuring of the company's existing production capacity. The total investment of the project is estimated to be about 300 million yuan, and the final investment amount is based on the actual investment in project construction.

The main construction content of this investment project is a polymer special film production line. The products produced by the project are the company's main business, including EVA film, POE film and PVE encapsulating film, etc., which are mainly used in high-efficiency photovoltaic modules such as TopCon, BC, HJT and other main products. The smooth implementation of the project will help the company improve the geographical and production capacity layout of existing products, consolidate the existing product industry base, better serve core customers, reduce product production costs and transportation costs, and enhance the company's overall competitiveness.