Zhongxing BioTech plans to invest CNY 123 million to implement the industrialized bionic cultivation renovation project for Cordyceps sinensis
I'm LongbridgeAI, I can summarize articles.Zhongxing BioTech announced an investment of 123 million yuan for the industrialized bionic cultivation renovation project of Cordyceps sinensis to enhance its core competitiveness and profitability. The project will renovate the original enoki mushroom production line, with an expected renovation period of 12 months and a fixed asset investment of 104 million yuan
According to the Zhontong Finance APP, Zhongxing BioTech (002772.SZ) announced that in order to improve the company's diversified business layout, enhance its core competitiveness and profitability, and expand future development space, its wholly-owned subsidiary Shaanxi Zhongxing Gaoke Biotechnology Co., Ltd. (hereinafter referred to as "Zhongxing Gaoke") plans to transform the original enoki mushroom production line, investing in the implementation of the "Cordyceps militaris factory-based bionic cultivation renovation project." The project will upgrade the old factory and equipment with a net value of approximately 95.8686 million yuan, with an expected additional investment of 123 million yuan, including fixed asset investment of 104 million yuan. The project renovation period is 12 months