Editor’s Note
Huifeng Diamond has announced a major 10-billion-yuan investment to build a CVD diamond production facility in Baotou, signaling a significant expansion into the lab-grown diamond sector. This move underscores the growing strategic importance and capital intensity of advanced materials manufacturing.
On December 17, Huifeng Diamond Co., Ltd. (stock abbreviation: Huifeng Diamond) announced its plan to invest in the construction of a CVD diamond project in Kundulun District, Baotou City. The total investment for the project is expected to be 10 billion yuan, funded by the company’s own capital in the form of cash.
The company stated that the plan will be implemented in two phases, with the specific scale and schedule of investment for each phase to be adjusted by the company based on market conditions and equipment iteration. The first phase involves an investment of approximately 5 billion yuan, with plans to install 500 MPCVD devices. This phase will primarily focus on the research, development, and production of CVD lab-grown diamonds and CVD diamond films, with completion and commissioning expected within 4-5 years, subject to market conditions and equipment upgrades. To ensure the smooth progress of this project, Huifeng Diamond intends to sign an investment agreement with the People’s Government of Kundulun District, Baotou City.
The company clarified that this transaction does not constitute a major asset reorganization nor a connected transaction.
Furthermore, according to the signed agreement, and in recognition of the project’s significant importance to Baotou’s local economic development, the enhancement of the CVD diamond industry chain, and job creation, the People’s Government of Kundulun District, Baotou City, will provide preferential policy support to Huifeng Diamond. This support, based on relevant policies and further negotiations, will cover areas such as applications for strategic emerging industries, new energy wind power construction quotas, and the pursuit of special funds.