Zhitong Financial and Economic APP, Yingtong Communications (002861.SZ) announced that the company intends to set up a wholly-owned subsidiary Hubei Deerkang Medical equipment Co., Ltd. (tentative name) with 10 million yuan of its own funds or self-raised funds, engaged in the research and development, production and sales of hearing aids and other medical devices.
It is reported that this investment will help the company to cultivate new profit growth points and enhance the company's sustainable profitability and overall competitiveness.