Hengdian East Magnetics: Southeast Asian Project Is Expected to Be Completed and Put into Operation Soon, Energy Storage Products Have Been Sold in European Markets" Hengdian East Magnetics announced on an interactive platform that the Southeast Asian project is expected to be completed and put into operation soon. The other two projects are also progressing steadily, and it is expected that partial investment will be completed in the second half of the year. In addition, energy storage products have been sold in European markets, but the sales volume is still small.

SMM News: Hengdian East Magnetic announced that the company's wholly-owned subsidiary, Lianyungang Ganyu Dongshang Photovoltaic Power Generation Co., Ltd. and Lianyungang Ganyu Dongyu Photovoltaic Power Generation Co., Ltd., plan to invest in the construction of three photovoltaic power generation projects in Lianyungang, with a total estimated investment of approximately 5.269 billion yuan.