Xinjiang Zhonghe said that after the above projects are put into production, it will help the company to break through the capacity bottleneck and consolidate and improve the company's leading position in the industry. Xinjiang Zhonghe’s annual report in 2018 stated that “the high-performance high-pressure foil-forming project with an annual output of 15 million square meters” has introduced some of the world’s leading aluminum electrolytic capacitor manufacturers, Jinshan Electronics Industry Co. Ltd. and some of the above projects are under construction. do it according to plan.
Gree Electric Appliances
Strive to improve the supply chain
It is worth noting that Xinjiang Zhonghe is an important supplier of high-pressure foil materials for the company. Gree Electric believes that the strategic equity investment in Xinjiang Zhonghe will help improve the company's supply chain system and provide stable supply of raw materials for the company. The announcement said that the deep cooperation between Gree Electric Appliances and Xinjiang Zhonghe can accelerate the promotion of the company's emerging industrial products and form a close strategic partnership.
By combing the investment network of Gree Electric Appliances, we can find that the strategic equity investment of upstream enterprises is actually a common strategy for Gree Electric to integrate and improve the industrial chain system.
In September 2017, Gree Electric disclosed the shares of Haili (600619), holding 5% of shares, and said that it does not rule out the possibility of further increasing its shareholding in Highly. For the placard, Gree Electric said that it aims to expand the company's industrial chain structure and integrate the industry's quality resources.
Haili is principally engaged in the R&D, production and sales of refrigeration rotor compressors, automotive scroll compressors and refrigeration motors, and is a leading company in the field of air conditioning compressors. Gree Electric related people said that Highly has been a supplier to the company.
As of March 31 this year, Gree holds 90,232,200 shares of Highly, accounting for 10.41% of the total share capital, making it the second largest shareholder. In addition, Gree Electric Co. Ltd. a Hong Kong Gree Electric Sales Co. Ltd. holds a 0.75% stake in Highly.xx