On May 13, Shenghong Technology released an announcement detailing its intentions to invest up to 3 billion yuan in fixed assets and intangible assets by 2025. This investment, which spans the construction of new factories, the procurement of equipment, and the transformation and upgrade of automated production lines, signifies a significant commitment to enhancing the company's core competitiveness and ensuring its sustainable development. To date, 252 million yuan has already been allocated towards this ambitious plan.
