Hongsheng Huayuan (宏盛华源) approved a RMB425 million investment to build a smart factory manufacturing electricity-transmission towers.

Hongsheng Huayuan (宏盛华源) reported board approval for the Hongyuan Steel Structure Transmission-Tower Smart Factory Project (宏源钢构输电铁塔智慧工厂建设项目). The planned investment is RMB425 million.

The project concerns Anhui Hongyuan Steel Structure (安徽宏源钢构有限公司). Management’s stated objectives are to improve asset-use efficiency, support the company’s development, and strengthen competitiveness; these are investment objectives rather than demonstrated results.

The disclosed milestone is board approval of a manufacturing investment, not factory completion or commissioning. The source does not state annual tower-production capacity, construction timing, financing arrangements, or any specific connection to data-center electricity supply.