CSG: Plans to invest no more than 350 million yuan to build a digital energy industry base project

CSG announced that the company will increase its research and market investment in the field of new power systems by constructing a digital energy industry base project, with a total investment not exceeding 350 million yuan, aimed at the research and production of digital energy products such as smart circuit breakers and smart ring network cabinets. The project will be implemented by the company's wholly-owned subsidiary located in the High-tech Zone of Hefei City, with a construction period of 5 years. This investment aligns with the company's development strategy and is beneficial for expanding the sales scale of the digital energy business and enhancing profitability. However, there are risks such as uncertainty in land use rights acquisition, project implementation risks, and operational performance not meeting expectations