On December 11, Gelonghui reported that Anhui Xinke New Materials (600255.SH) hit the trading limit, reaching a price of 3 yuan, a new high for the period, with a cumulative increase of nearly 30% this month, and a total market value of 5.42 billion yuan. The company announced after trading yesterday that its wholly-owned subsidiary, Xinzi Nengke, plans to invest 87.5 million yuan to build a copper cable project for communication high-speed copper connections in Santai County, Sichuan Province. This project will produce 0.04 million kilometers of copper cables annually, with a planned construction period of 16 months, and the expected sales revenue in the year it reaches capacity is estimated at 0.18 billion yuan. (Gelonghui)
A股异动 | 鑫科材料涨停创阶段新高 拟投资建设铜缆项目
A-share fluctuations | Anhui Xinke New Materials hits the limit and sets a new high stage, planning to invest in the construction of a Copper cable project.
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