Rijiu Optoelectronics plans to invest approximately 822 million yuan to build a functional film project with an annual production capacity of 6 million square meters to enhance production capacity
Rijiu Optoelectronics Jointstock's wholly-owned subsidiary, Zhejiang Rijiu, plans to invest approximately 822 million yuan to construct a functional film project with an annual production capacity of 6 million square meters, primarily to enhance production capacity and meet market demand. The project includes land acquisition, factory construction, and equipment investment, with an estimated land purchase of about 39.65 acres and a building area of approximately 21,200 square meters. This move will reduce the risk of order loss due to insufficient production capacity
According to the announcement from Zhitong Finance APP, Rijiu Optoelectronics (003015.SZ) stated that its wholly-owned subsidiary, Zhejiang Rijiu New Materials Technology Co., Ltd. (referred to as "Zhejiang Rijiu"), plans to invest approximately 822 million yuan using its own funds or self-raised funds to construct a functional film project with an annual production capacity of 6 million square meters. The investment funds mainly include land acquisition, construction of factories and production workshops, investment in production equipment, and working capital.
The project plans to acquire approximately 39.65 acres of land for the construction of a new factory (covering an area of about 15,200 square meters, with a planned building area of about 21,200 square meters), which will serve as the project implementation site.
The announcement stated that the implementation of this project will help enhance the company's production capacity for functional films, meet the continuous growth demand in the market for dimmable conductive films and optical films, and avoid the risk of losing business orders due to insufficient production capacity
