Qinchuan Machine Tool: Subsidiary Walker Gear plans to invest 57 million yuan to construct a high-end transformation project for high-precision gears for new energy passenger vehicles

Qinchuan Machine Tool announced that its subsidiary Walker Gear plans to implement the "High-end Transformation Project for High-precision Gears in New Energy Passenger Vehicles," with a total investment of 57 million yuan and a construction period of 40 months. The project aims to enhance the manufacturing technology level and product precision of high-precision gears, improving the ability to quickly respond to and serve diverse customer needs. The project funding will be self-raised by Walker Gear, and the company's current financial condition is stable. Funds will be invested in phases according to the construction progress, and there will be no significant impact on operating performance in the short term, nor will there be any harm to shareholder interests