Honor Run Co., Ltd. (603985.SH) plans to invest 1.2 billion RMB to establish a project for the annual production of 2000 sets of wind power gearbox components.

The Zhitong Financial APP news, Hengrun shares (603985.SH) announced that, in order to meet the demand of downstream industries, seize market development opportunities, accelerate the layout of high reliability wind turbine gears, improve the independent protection ability of core components of wind turbines, and lay a solid foundation for the long-term sustainable development of the company, the company's wholly-owned subsidiary, Jiangyin Hengrun Transmission Technology Co., Ltd. (hereinafter referred to as "Hengrun Transmission"), plans to invest in the construction of an annual output of 2000 sets of wind turbine gearbox components project. The total planned investment for the project is 1.2 billion RMB, with approximately 150 acres of new land to be acquired, new factory buildings and ancillary buildings of approximately 80,000 square meters to be constructed, the introduction of imported equipment such as CNC gear grinding machines, CNC machining centers, and coordinate measuring machines, as well as the purchase of domestic equipment such as CNC gear hobbing machines, CNC lathes, and carburizing production lines. After reaching full production, the project will produce 2000 sets of wind turbine gearbox components annually. The project will be constructed in phases, with the first phase planned to invest 500 million RMB and construction scheduled to start in July 2025.