On December 19, Gelonghui reported that Hiecise Precision Equipment Co.,Ltd. (300809.SZ) announced that it recently signed a "Joint Venture Agreement" with Changchun Changguang DQ Technology Co., Ltd. (hereinafter referred to as "Changguang DQ"). The agreement stipulates the joint investment to establish a joint venture company named Changguang Hiecise Intelligent Manufacturing Technology Co., Ltd. (tentative name, hereinafter referred to as "Joint Venture Company"). The registered capital of the Joint Venture Company is 5.5 million yuan, of which the company will contribute 4 million yuan in cash, accounting for 72.73% of the registered capital, while Changguang DQ will contribute intangible assets (patent rights), accounting for 27.27% of the registered capital.
The Joint Venture Company is primarily engaged in the application validation, sales, and services of ultra-precision optical component grinding machines and ultra-precision guide rail (flat and curved) grinding machines, as well as undertaking ultra-precision machining services for optical components, Semiconductors (or Silicon Carbide ceramics), and other ultra-precision parts.
The establishment of this Joint Venture Company is based on the advantageous fields of both Hiecise Precision Equipment Co.,Ltd. and Changguang DQ, targeting the demand for ultra-precision machining of ultra-precision optical components, ultra-precision flat (curved) parts, linear guide rails, Semiconductors (or Silicon Carbide ceramics), etc. This represents a strong collaboration between leading units in the domestic high-end equipment manufacturing sector and advanced technology application process research, aligning with the supportive direction of national industry policies. If the relevant business of the Joint Venture Company can be successfully launched, it will help to address the industrialization capacity gap of high-end precision/ultra-precision processing equipment in key domestic application areas, assist in the high-quality, sustainable development of the domestic high-end equipment industry, and enhance China's position and competitiveness in the Global high-end equipment manufacturing Industry Chain.
