Seiko Wuhan Composites invested 426 million yuan to build the “Seiko Composites Intelligent Manufacturing Base Project” in Huangpi District, Wuhan”

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According to a news report dated December 19, Seiko Technology announced that it plans to invest in the construction of the “Seiko Composite Intelligent Manufacturing Base Project” in Huangpi District, Wuhan, through its wholly-owned subsidiary Seiko Wuhan Composite. The total investment for the project is estimated to be 426 million yuan, with the funds to be covered by Seiko Wuhan Composite’s own funds and bank loans. Of this amount, 275,847,900 yuan will come from the company’s own funds (of which 250,000,000 yuan will be sourced from raised capital), while 150,000,000 yuan will come from bank loans. The land area allocated for the project is 66,815.68 square meters. The permitted building area for the new factory buildings is 68,940.12 square meters, while that for the comprehensive building is 6,601.26 square meters. The project adds a total of 64 sets of production equipment, including prepreg production lines and automatic wire laying machines. Once implemented, it will enable annual production capacity for 10 sets of composite material production equipment, 28,000 carbon-ceramic brake discs, 750,000 square meters of carbon fiber prepreg (250,000 square meters for internal use and 500,000 square meters for sale), 1,000 tons of pultruded beams for wind turbine blades, 2,000 carbon fiber-wound pressure vessels, 45 sets of low-altitude manned aircraft equipment, 6,000 carbon fiber components for humanoid robots, 160,000 carbon fiber propellers for drones, and 250,000 battery casings for new energy applications. Upon completion of this project, the annual output value during normal operation years is expected to be around 481,000,000 yuan, with an annual net profit of approximately 111,824,500 yuan. The internal rate of return on the project investment is 33.70% before income tax and 26.55% after income tax. It is reported that Jinggong Technology’s development strategy has been upgraded from focusing on the \"dual-carbon core industries (carbon fiber equipment, carbon neutrality (new energy) equipment)\\" in 2023 to an overall development framework centered on high-end equipment for the entire carbon fiber industry chain as well as advanced composite materials by 2025. This approach aims to complete the development of a full industrial chain for equipment related to precursor fibers, carbonization, and composite materials, thereby initiating a new development model characterized by equipment leadership, material synergy, and application support. The implementation of this project will accelerate the company’s transformation from a single equipment supplier to a comprehensive solutions provider offering both equipment and materials.