Gon Yuan Holdings: Business Consolidation in South China Region

2026-03-26 03:52:12

Gongyuan Co., Ltd. announced that the company has decided to consolidate its operations in the South China region to optimize resource allocation and improve management efficiency. The company will relocate Shenzhen Gongyuan’s production equipment to Guangdong Gongyuan and other production bases. This consolidation does not involve changes to the scope of consolidated financial statements and will not have a significant impact on production and operations. Shenzhen Gongyuan mainly produces small-diameter plastic pipes, while Guangdong Gongyuan owns 133 acres of land and primarily manufactures large PE pipes, with an annual production capacity of 100,000 tons of various pipes. After the consolidation, the company is expected to reduce operating costs and enhance management efficiency.

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