Reported 8 months ago
East Sun (1319) has set a record high capital expenditure of 4.2 billion this year, with investments in molds and equipment exceeding 2.5 billion and 700 million, respectively. The company's CEO, Wu Yongxiang, revealed plans to continue expanding with additional land purchases and maintaining high capital expenditure next year. To address urgent production capacity issues, East Sun has invested nearly 1.6 billion in acquiring new land and is planning to build a new production factory and logistics center to increase production capacity by over 30% by the end of the year. The company is actively seeking opportunities to increase capacity to meet customer demands, considering options such as land purchases or rentals, with ongoing efforts to optimize existing facilities and enhance automation to cope with labor shortages.
Source: YAHOO