Henan Zhongfu Industry secures 3.5bn yuan credit line

Henan Zhongfu Industry Co., Ltd. has secured a comprehensive credit line of up to 3.5 billion yuan from banks and other institutions for 2025.

The credit facilities will be used for working capital loans, M&A loans, non-current asset loans, bank acceptance bills, accounts receivable factoring, and financing leases, primarily for refinancing existing credit and optimizing debt structure.

The company's wholly-owned subsidiary Henan Zhongfu High-Precision Aluminum Material Co., Ltd. has already secured a 500 million yuan credit line from Zheshang Bank's Zhengzhou branch as part of this arrangement.