The signing ceremony for the second phase of Haili's offshore high-end equipment manufacturing and export base takes place in Qidong. [Photo/WeChat account: qidongfabu]

The signing ceremony for the second phase of Haili's offshore high-end equipment manufacturing and export base took place in Qidong on March 14.

Jiangsu Haili Wind Power Equipment Technology, specializing in the research, production, and sales of wind power equipment components, has seen remarkable success since launching its first-phase project. In 2024, the facility achieved taxable sales of 230 million yuan ($31.73 million), with plans to surpass 1 billion yuan this year.

Building on this momentum, Haili is investing 2.5 billion yuan to establish the second phase of its offshore high-end equipment manufacturing and export base. Once operational, the project is expected to produce 300,000 metric tons of offshore engineering equipment annually, generating 3 billion yuan in sales.

Yang Zhongjian, Party secretary of Qidong, stated that Haili's increased investment demonstrates strong confidence in Qidong's business environment and future development. He also pledged greater support for the company's growth in the city.