Zhejiang Hailiang (002203.SZ) plans to build a copper foil production line with an annual output of 67,500 tons. The total investment is estimated to be 5.05 billion yuan.

Zhejiang Hailiang (002203.SZ) announcement, the company's controlling subsidiary Gansu Hailiang New Energy Materials Co., Ltd. ("Gansu Hailiang") plans to invest in and construct a project with an annual production capacity of 67,500 tons of copper foil in Zhuji City, Zhejiang Province. This investment project is planned to be established by Gansu Hailiang as the sole shareholder and will be implemented in three phases, with a total production capacity of approximately 67,500 tons/year of electrolytic copper foil after full production. The total investment for the project is estimated to be 5.05 billion yuan, with fixed asset investment estimated at 3.85 billion yuan. The project implementation period is estimated to be 60 months, divided into three phases. Phase one is designed to have a capacity of 17,500 tons, phase two with a capacity of 32,500 tons, and phase three with a capacity of 17,500 tons. Phase one is scheduled to start construction in July 2026; phase two is planned to start approval, design, and construction in June 2027; phase three is planned to start approval, design, and construction in June 2029. The actual time for phases two and three may be adjusted based on market orders, power supply, energy balance, and other factors.