Nantong Haosailei Technology is expanding production capacity through a new project in Hai'an, with a planned total investment of 100 million yuan ($14.96 million).

The project is expected to double the company's production capacity next year, with a target of operating five electroplating production lines per month and achieving annual sales of 300 million yuan.

Based in Qutang town, Hai'an, the company specializes in the development and manufacturing of precision electroplating equipment for the semiconductor industry. Its monthly shipments of electroplating production lines have increased from one at the beginning of the year to three, while its order backlog extends through March 2028.

To support the expansion, the company has established Nantong Yingju Technology. The project covers a planned total site area of 30 mu (2 hectares), with Phase I occupying 14.72 mu and a planned investment of 100 million yuan. The workshop is expected to begin operations ahead of schedule by the end of November.