Hangyu Technology Plans 600 Million Yuan Investment to Boost Aviation Engine and Gas Turbine Ring Forging R&D and Production Capacity

36Kr reports that Hangyu Technology announced plans to invest approximately 600 million yuan in a project aimed at enhancing R&D and production capabilities for ring forgings used in aviation engines and gas turbines within the Shaven Ecological Technology Industrial Park of Guiyang National High-tech Zone. The investment includes 545 million yuan in fixed assets and 55 million yuan in working capital. With a construction cycle of 60 months, the project is expected to commence in June 2027 and officially launch production in June 2032. Funding will come from the company's own resources and raised funds. The investment aims to strengthen independent R&D capabilities, expand business scale, and increase market share. Implementation still requires completion of preliminary procedures such as land acquisition, project approval, and environmental impact assessment, carrying risks of delays, changes, or termination.