Industry Summit | Zhejiang Chigo: Integrated Drilling Rig Becomes the Development Direction of Open-pit Drilling Rig Market

2025-03-21 10:16:13

On March 13, the 14th China Cement Industry Summit and TOP100 Award Ceremony Technology Special Event sponsored by China Cement Network was held in Hangzhou, Zhejiang Province. Ye Youlan, deputy general manager of Zhejiang Zhigao, made the theme report of "Zhigao Machinery Helps the New Development of Cement Industry".

On March 13, the 14th China Cement Industry Summit and TOP100 Award Ceremony Technology Special Event sponsored by China Cement Network was held in Hangzhou, Zhejiang Province. Ye Youlan, deputy general manager of Zhejiang Zhigao, made the theme report of "Zhigao Machinery Helps the New Development of Cement Industry".

Ye Youlan introduced that with the development of cement industry and the improvement of mining efficiency and environmental protection requirements, the continuous improvement of national requirements for green mine construction has promoted the development of rock drilling operations in a safer, more environmentally friendly and more efficient direction.

In the field of cement mining, the integrated drilling rig has become the development direction of the open-pit drilling rig market. Due to the high concentration of the high-end market industry, foreign brands entered the market earlier and occupied the main share of the market. As early as 2009, in response to the call of "domestic substitution for imports", Chigo invested in the ranks of domestic drilling rigs to replace imported drilling rigs, and Chigo Machinery achieved adverse growth in 2024.

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On March 13, the 14th China Cement Industry Summit and TOP100 Award Ceremony Technology Special Event sponsored by China Cement Network was held in Hangzhou, Zhejiang Province. Ye Youlan, deputy general manager of Zhejiang Zhigao, made the theme report of "Zhigao Machinery Helps the New Development of Cement Industry".

2025-03-21 10:16:13

In accordance with the relevant provisions of the Detailed Rules for the Implementation of the Pre-reorganisation of the Intermediate People's Court of Changchun City, Jilin Province (for Trial Implementation), during the period of pre-reorganisation, the Company and some of its subsidiaries subject to pre-reorganisation shall not pay off their debts except for the necessary expenses for the continued operation of the enterprise and the maintenance of its operating value. As at the date of this announcement, the principal and interest of overdue debts of the Company and its subsidiaries amounted to RMB6.959 billion, representing 1,124.30% of the latest audited net assets attributable to the parent company of the Company.