【SMM Aluminium Flash News】Xuelong Group: Plans to establish a wholly-owned subsidiary, Ningbo Xuelong Aluminum & Magnesium Technology Co., Ltd., with an investment of 100 million yuan.

Published: Dec 15, 2025 10:07

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On December 10th, Xuelong Group announced its plan to invest 100 million yuan to establish a wholly-owned subsidiary, "Ningbo Xuelong Aluminum & Magnesium Technology Co., Ltd.", using its own funds. The investment aims to vertically integrate the industrial chain around its core business, extend its reach into die-casting products, reduce reliance on external processing, improve the stability and timeliness of product production, actively expand into external markets, and cultivate new profit growth points. This investment aligns with the company's long-term diversified development strategy and will not have a significant impact on the company's financial condition or operating results.

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