After AI express, investors ask questions on the investor interaction platform: Hello, your company plans to invest 1.5 billion yuan to build a new non-woven material project with an annual output of 300000 tons. At present, the phase I project with a total investment of 150 million has been completed. Is the product put into the market? How did the market respond? When will the second phase and later phase of the project progress?
Qifeng New Material Co.Ltd(002521) ( Qifeng New Material Co.Ltd(002521) . SZ) said on the investor interaction platform on March 19 that at present, both production lines of phase I project have been put into operation and the products have been sold. For the second line, due to the imported equipment failing to meet the technical requirements, the production capacity and product yield have not reached the expectations. At present, the market competition is becoming increasingly fierce, and the continuous epidemic also has a certain impact on the project.
