According to the announcement from Huading Nylon (601113.SH), in order to further solidify its main business and enhance the company's core competitiveness, the company plans to acquire the state-owned construction land use rights for the "Plot 2 at the northwest corner of the intersection of Wuzhou Avenue and Shangfo Road in Yiwu City" through participation in an auction (subject to the actual transfer documents). After obtaining the aforementioned state-owned land use rights, the company will invest in the construction of a "200,000-ton PA6 functional nylon filament project," with a total estimated investment of 2.738 billion yuan and a construction period of 5 years.

This project investment is based on the actual needs of business development and focuses on expanding the company's main business. It is beneficial for solidifying the main business while further expanding market share, consolidating the company's industry position in the differentiated civilian nylon filament segment, improving the company's textile fiber product business layout, maintaining the core competitiveness of the main business, and achieving industrial upgrading