Xinhe Co., Ltd. (003016.SZ) plans to spend 100 million yuan to set up subsidiaries to invest in science and technology innovation industries such as the low-altitude economy

Zhitong Finance App News, Xinhe Co., Ltd. (003016.SZ) issued an announcement. In order to expand innovative business, make strategic investments in response to government policies, enhance the company's core competitiveness, and further enhance the company's overall profitability, the company invested 100 million yuan with its own capital to establish a wholly-owned subsidiary, Xinhe Tengying Investment Co., Ltd. (ultimately based on the name approved by the Industrial and Commercial Registration Authority). The scope of investment will mainly focus on low-altitude economy (including civilian manned, unmanned aerial vehicles, and multi-scenario low-altitude flight activities such as manned and cargo), new types of technological innovation industry. In the future, the company will gradually invest based on actual investment projects, careful evaluation and verification.

The foreign investment to establish a wholly-owned subsidiary is a careful decision made from the perspective of the company's future development strategy and long-term interests. It is based on expanding innovative business, making strategic investments in response to government policies, improving the company's core competitiveness, and further enhancing the company's overall profitability, which is conducive to the company's sustainable development.