On the occasion of the 75th anniversary of our motherland, Hengwang Group's smart factory — Hengwang Green Intelligent Manufacturing Base — officially commenced operations on October 5. Located at the northwest intersection of Chenning Road and Xingke Road in the Yunghe Economic Development Zone, Jining City, Shandong Province, this strategic initiative marks another leap for Hengwang in the high-end equipment manufacturing sector.

During a visit to the new factory by relevant leaders from Rencheng District, the smooth progress of the project received high praise, emphasizing its importance as one of the key projects for high-end equipment manufacturing in the city. It holds significant meaning for the regional industrial upgrade, and the district will fully provide the best policy environment and solid support.

The new factory project covers over 200,000 square meters, with a total investment of 1.01 billion RMB, aiming to create an intelligent manufacturing base that integrates automation and digital technology. Once completed, it will introduce advanced production lines and intelligent equipment, with an expected annual output value of 3 billion RMB, further enhancing the company's competitive advantage in the global market.

This move not only represents an important milestone in the development of Hengwang Group but also serves as a proactive response to the nation's prosperity and modernization efforts. The new factory will enhance production efficiency and product quality, driving Hengwang Group toward a higher level of digital transformation, ensuring that our products better meet the growing demands of customers.

The construction of the new factory will inject new vitality into the local economy, creating approximately 1,500 job opportunities and supporting the robust development of surrounding industrial chains. Meanwhile, Hengwang Group will continue to deepen collaborations with local universities and research institutions to promote talent cultivation and technological innovation, contributing significantly to the sustainable development of the regional economy.

At this important moment, Hengwang Group will continue to uphold the spirit of innovation and progress, committed to developing more competitive high-end equipment to meet the challenges of the global market. In the future, we look forward to writing even more brilliant chapters from this new starting point, contributing more to industry advancement and societal development.