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Zhongxin Co., Ltd. (603091.SH): Will not consider large-scale investment in the USA in the short term.
On February 17, 2023, Gelonghui reported that Zhongxin Co., Ltd. (603091.SH) disclosed its investor relations activity record stating that due to a good customer base in the USA market, the company's main clients are large companies in Europe and the USA. The company is exploring the possibility of establishing production domestically in the USA, but due to high labor costs and a shortage of skilled workers, it will not consider large-scale investments in the USA in the short term. The key to the company’s overseas expansion plan is to lower labor costs and improve production efficiency by increasing the automation level of equipment (i.e., 'foolproof' production).
Zhongxin Co., Ltd. (603091.SH): In the next three years, further consideration will be given to establishing production bases in Europe, Asia, and the Americas.
Gelonghui, February 17: Zhongxin Co., Ltd. (603091.SH) disclosed the record of investor relations activities, indicating that the company plans to focus on the global market to provide services for 8 billion people worldwide. In the next three years, it will further consider establishing production bases in Europe, Asia, and the Americas, utilizing local resources and markets to enhance market competitiveness. The company's goal is to achieve at least 50% local consumption of local capacity.
Zhejiang Zhongxin Environmental Protection Technology Group
Zhongxin Co., Ltd. (603091.SH): The anti-dumping and countervailing investigation is a lengthy process, and currently, the company's Orders have not been affected.
On December 16, Gelonghui reported that Zhongxin Co., Ltd. (603091.SH) stated on the interactive platform that the dual anti-investigation is a long process, and currently, the company's orders have not been affected. Regarding the dividend issue, the company made commitments to investors before going public and will adhere to the relevant commitments.
Zhongxin Co., Ltd. (603091.SH): has not yet established a direct cooperation relationship with luckin coffee.
On December 9, Glonghui reported that Zhongxin Co., Ltd. (603091.SH) stated on the interactive platform that there is currently no direct cooperation relationship established with luckin coffee. The coffee cup lids from starbucks have particularly high requirements for product quality and precision. The cooperation with starbucks on the "sugarcane pulp cup lid project" demonstrates the R&D capabilities of Zhongxin Co., Ltd., which has successfully passed the processes of "drawing design, mold making, sample testing," and has now entered the mass production stage. Progress is currently smooth, and everything is proceeding in an orderly manner according to the cooperation plan.
Zhongxin Co., Ltd.: Zhejiang Zhongxin Environmental Technology Group Co., Ltd. 2024 Third Quarter Report