Henan Zhongfu Industrial (600595.SH) plans to invest 2.59 billion yuan to build an aluminum-based new material green smart manufacturing project.

Henan Zhongfu Industrial (600595.SH) announced that its wholly-owned secondary subsidiary, Guangyuan Linfeng Aluminum Materials Co., Ltd. (hereinafter referred to as "Guangyuan Linfeng Aluminum Materials"), plans to invest in the construction of a green intelligent manufacturing project for aluminum-based new materials, producing 3 million wheel hubs. The project will be implemented in two phases, with the first phase being the construction of a green intelligent manufacturing project for 2 million wheel hubs, and the second phase for 1 million wheel hubs. The total investment for the project is 259 million yuan. This investment by Guangyuan Linfeng Aluminum Materials in the construction of the aluminum-based new materials green intelligent manufacturing project for 3 million wheel hubs will leverage the company's industrial synergy advantages to further reduce production costs and enhance the overall competitiveness of the company.