Xinhua Co., Ltd. plans to invest 153 million yuan in the construction of the second phase of the synthetic fragrance product manufacturing facility at Ningxia Xinhua Chemical Co., Ltd
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Xinhua Co., Ltd. plans to invest 153 million yuan in the construction of the second phase of the synthetic fragrance production facility at Ningxia Xinhua Chemical Co., Ltd. On December 4, 2025, Xinhua Co., Ltd. (603867) announced that its board of directors met on that date and approved the plan to invest in the construction of the second phase of this facility. The fixed asset investment for this project is 153 million yuan, with the funds coming from own capital and bank loans. The project aims to utilize existing resources to build a new F workshop and upgrade the production lines in Workshop C, increase the variety of fragrance products, extend the industrial chain, reduce production costs, and enhance market competitiveness. The project is expected to take 12 months to complete, with construction set to begin on April 1, 2026, and its return on investment is projected to be 43.02%. The project is currently in the preliminary preparation stage, and the investment project registration certificate has been obtained.
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