Dajin Heavy Industry (002487.SZ) plans to invest in multiple wind power projects with a total investment of no more than 4.38 billion yuan.

Dajin Heavy Industry (002487.SZ) announced that the company intends to invest in the construction of the Dajin Heavy Industry Caofeidian District 700,000 kilowatt onshore wind power project (including a 350,000 kilowatt guaranteed project and a 350,000 kilowatt market-oriented project) and the Dajin Tangshan Fengnan 250,000 kilowatt wind power project through its subsidiary. The total planned capacity of the three projects is 950,000 kilowatts, with a total investment not exceeding 4.38 billion RMB; of which, the capital contribution ratio of the projects is 20%, totaling not exceeding 876 million RMB, to be paid by the company with its own funds, and the remaining funds to be applied for project loans from financial institutions by the company. The planned construction period for the Caofeidian guaranteed project and the Caofeidian market-oriented project is 12 months, and the Fengnan project is 18 months, counting from the start of the project; the operating period after the project is completed is 20 years for all projects.