JXAC: Plans to change the use of raised funds towards the information technology upgrade and efficiency improvement project of the high-precision axle production line, amounting to 29.86 million yuan

JXAC announced that the company plans to change the allocation of the remaining raised funds of 29.86 million yuan from the completed "Rail Transit and High-end Equipment Manufacturing Base Construction Project" to the "High-precision Axle Production Line Information Upgrade and Efficiency Improvement Technical Reform Project." The total investment for the new project is 29.86 million yuan, with a construction period of 2 years, and it is expected to start normal production and generate revenue after the completion of the new project. The new project aims to enhance the manufacturing capacity and quality assurance capability of high-speed train axles and urban rail axles by adding and renovating equipment, achieving full-process manufacturing and testing automation of high-precision axle products, and improving quality management information systems to enhance batch production quality stability and consistency. After the project is completed, it will maintain a flexible production capacity of 10,000 high-speed train axles and urban rail axles annually