The annual production of 1 million mt stainless steel sheets project of Guangdong Baojia is expected to officially commence production in July this year. It is reported that the project is planned to cover an area of 380 mu, with a total investment of 1.8 billion yuan. It mainly includes the construction of intelligent production workshops, a production line for 1 million mt high-end precision stainless steel sheets and related products annually, and supporting facilities. The project is divided into two phases. The first phase started construction in May 2023, with a planned investment of 1 billion yuan. Currently, 770 million yuan has been invested, and the construction of three general-purpose factory buildings has been completed. After the first phase is completed and put into production, it is expected to add an annual output value of 500 million yuan and an annual tax payment of 16 million yuan in the first year. The second phase is currently undergoing land leveling. After the entire project reaches full production, it is expected to add an annual output value of approximately 1 billion yuan, an annual tax payment of 32 million yuan, and create 200 jobs, playing a positive role in promoting local economic and social development.