hunan boyun new materials (002297.SZ) announced on August 22nd, 2024, that the company held the thirteenth meeting of the seventh board of directors to review and approve the proposal of the investment project for the renovation of fixed assets of factory building 5 in hunan boyun new materials innovative industrial park. The company agreed to start the construction of the first phase of the renovation project for factory building 5 in hunan boyun new materials innovative industrial park. The total additional investment for the project is 60.006 million yuan (excluding working capital), all of which are construction investments. The project's investment funds are self-raised. The project is expected to be completed from the formal start to the completion of the construction and acceptance within 14 months.
The carbon-based composite materials produced by this project are key component materials required for the aviation and aerospace development. In recent years, during peak market demand, the existing carbon-based composite material production line of the company has been unable to meet the demands of orders for timely delivery. The original carbon-based composite material production workshop has no further expansion space. With the recent relocation of the subsidiary Boyun Dongfang production line to Lugu base, the original production site of Boyun Dongfang factory building 5 is now vacant, and the implementation of the factory building project for the renovation of carbon-based composite materials production will reserve space for future development of carbon-based materials, in order to effectively meet customer demands in the growth of aviation and aerospace civilian and military carbon-based composite material orders, and create good economic benefits for the company.
The implementation of this project will further enhance the company's production guarantee capability for carbon-based composite materials, fully leverage the technical and brand advantages accumulated by the company over the years, and strengthen the company's comprehensive strength in the field of carbon/carbon composite materials. After the project is put into production, it is expected to generate an additional annual revenue of approximately 80 million yuan and an additional net income of about 14 million yuan.