Gong Yuan Co., Ltd.: Business Integration in South China Region

MetaMuskRat · 2026-03-24T22:14:53+00:00

Gong Yuan Co., Ltd. announced that it will integrate its South China regional business. Production equipment from Shenzhen Gong Yuan will be relocated to Guangdong Gong Yuan and other bases to improve management efficiency. This move is expected to generate approximately 30 million to 35 million yuan in expense expenditures.

MetaMuskRat

2026-03-24 22:14:53

Abstract generation in progress

People’s Financial News, March 23 — Gongyuan Co., Ltd. (002641) announced on March 23 that the company’s South China region has two production bases: Shenzhen Gongyuan and Guangdong Gongyuan. Shenzhen Gongyuan currently has less than 16 acres of owned land for manufacturing, mainly producing small-diameter plastic pipes such as PVC and PPR. The rest of the land is leased, resulting in high operating costs. Guangdong Gongyuan owns 133 acres of land, primarily for PE large-diameter pipes. In recent years, the company has upgraded and renovated some of Guangdong Gongyuan’s factory areas, with a production capacity of 100,000 tons of various pipes. To further optimize resources and improve management efficiency, the company will consolidate its South China operations, relocating Shenzhen Gongyuan’s production equipment to Guangdong Gongyuan and other production bases. The relocation is expected to incur costs such as moving expenses, debugging fees, and employee relocation costs, totaling approximately 30 to 35 million yuan.

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