Antai Technology Amorphous Strip Project is progressing smoothly

Antai Technology (000969) released a semi-annual report today. As of June 30, the company's much-anticipated annual output of 40,000 tons of amorphous strip and products has been completed 76.92%, and the estimated annual income after the completion of production is 87.975 million yuan. After the project is completed, it will drive the development of the amorphous transformer industry with remarkable energy-saving effect and broad prospects.
According to the company, the main production workshop and auxiliary production facilities of the project have been basically completed. The installation of the first production line equipment has been completed and cold commissioning has been carried out. All the supporting research and development have made important progress. The hot test and production preparation work are actively carried out, raw materials and The procurement of auxiliary materials, personnel training, and preparation of hot test procedures are all under intense implementation.
At the same time, the company announced that it intends to absorb and merge 95% of its subsidiaries, Beijing Antai Steel Research Superhard Materials Co., Ltd. and Beijing Antai Steel Research Diamond Products Co., Ltd.

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