Recently, a restructuring fund of 70 million yuan injected into Shandong Zhihui Vermilion New Material Technology Co., Ltd. by Zhong'an United Investment Group Co., Ltd. has been put in place. Zhihui Vermilion will transform into a subsidiary of Zhong'an United, providing strong development momentum for establishing new mechanisms and injecting new vitality.

As a traditional equipment manufacturing enterprise in Huantai, Shandong Zhihui Worm New Material Technology Co., Ltd. has completed the internal structure adjustment after the enterprise restructuring, defined the development direction of the enterprise, made a smooth transition in the short term, and achieved steady development. Next, Zhihui Vermilion Ink Company will prioritize its development and focus on the goal of "green intelligence". It has formulated short, medium, and long-term development plans, focusing on optimizing production processes, improving casting product quality, strengthening research and innovation, and striving to be listed on the New Third Board within the year.

At present, Shandong Zhihui Worm Ink New Material Technology Co., Ltd. has registered and established Zibo University of Technology Lightweight Materials Research Institute, signed a cooperation agreement with Hebei University of Technology, and successfully transferred 35 invention patents. At the same time, the company will also establish a research institute for high-end equipment materials, prepare to establish a technical transformation team, establish the "strongest brain" for enterprise development, and form a form of joint research and development, research and development implementation, and complementary process improvement. We will make every effort to achieve breakthroughs in the fields of high-speed rail and various new products such as brake discs, special vehicle wheels, and new energy special vehicle power bridges, and assist the transformation and development of enterprises through industry university research cooperation.

In the next 3-5 years, Shandong Zhihui Vermilion New Material Technology Co., Ltd. will make every effort to build a modern enterprise with a total industrial output value exceeding 5 billion yuan and profits and taxes exceeding 500 million yuan, and build an "international first-class, green, intelligent, and high-end component industry base", making greater contributions to the economic development of Huantai.