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Hengxing New Materials (603276.SH) subsidiary plans to invest 600 million yuan to build new projects

Zhitongcaijing·07/29/2026 08:41:06
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Zhitong Finance App News, Hengxing New Materials (603276.SH) issued an announcement. According to the company's strategic development plan and business development needs, in order to further improve the layout of the fine chemical industry, expand production capacity of high-end new materials, and enhance overall market competitiveness, the company's subsidiaries Shandong Hengxing New Material Technology Co., Ltd. and Jiangsu Chenxing New Material Technology Co., Ltd. plan to launch the Shandong Hengxing Natural Organic Acid Derivatives Production Project and the Jiangsu Chenxing Special Fine Chemical New Material Production Project respectively, with an estimated investment of about 600 million yuan.

The implementation of the subsidiary's construction project will further enrich the product matrix of the company's carbon-based system, continue to consolidate the market competitiveness of the company's carbon-based industry, and stabilize the basic market of the core business. At the same time, the expansion of the new energy business and the planning and construction of production lines for high-end new materials such as silicone and wet electronic chemicals can significantly improve the company's overall product structure. It is an important step for the company to deeply cultivate the field of high-end fine chemicals and fully implement the “carbon-silicon two-wheel drive” development strategy.