Jinlei Co., Ltd.: The second phase project is expected to contribute about 25,000 to 30,000 tons of foundry capacity in 2022

Jinlei Co., Ltd. stated on the investor interaction platform on March 2 that the company’s 8,000-piece casting and forging project will be constructed in two phases. Among them, the first-phase self-supply project of raw materials has been put into operation in 2019, and will be fully self-supplied in the second half of 2020; the second phase The cast shaft blank supply project will be put into production in the first half of 2021, and the company has realized the full-process production of cast shafts. Since the new product certification cycle is about 3-6 months, the company mainly carried out casting products, customer certification and other work in the second half of 2022, and only some customers achieved small batch supply. The second-phase project is expected to contribute about 25,000-30,000 tons of foundry production capacity in 2022.