Ciyu Technology: Plans to invest 700 million yuan to build a magnetic levitation compressor and related product research and production base project.

Cigyuan Technology announced that the company plans to sign an "Investment Construction Agreement" with the Nanjing Lukou Economic Development Zone Management Committee to build a "Magnetic Levitation Compressor and Related Products Research and Production Base" project. The total planned investment for the project is 700 million yuan, to be developed and built in two phases, with the first phase planned investment of 305 million yuan. The project will mainly focus on the research and production of related products with magnetic levitation compressors as the main components, including magnetic levitation ORC waste heat power generation unit products, magnetic levitation vacuum pump products, and magnetic levitation refrigeration compressors, among other related series products.