Shangqiu, Henan – A major state-controlled enterprise has been set up in Yucheng High-tech Zone, Shangqiu City, with a registered capital of CNY 100 million and a sprawling 220,000-square-meter facility. Founded in October 2020, the company specializes in R&D, production, sales, and after-sales services for high-end industrial equipment. Leveraging its strategic location near the Beijing-Kowloon Railway and Lianhuo Expressway, the firm aims to establish a nationwide logistics network to supply critical components to key sectors, including aerospace, defense, petrochemicals, nuclear energy, and construction machinery.