Hainan Development (002163.SZ) subsidiary Hainan Control Sanxin stops production and reduces output

Information from the Zhitong Finance and Economics APP: Hainan Development (002163.SZ) announced that its controlling subsidiary, Haikong Sanxin (Bengbu) New Energy Materials Co., Ltd. ("Haikong Sanxin"), recently halted production of 550 tons of kilns and 5 deep processing production lines. The announcement stated that the halt in production by Haikong Sanxin is beneficial for reducing operating costs and minimizing the company's operational losses.