en.Wedoany.com Reported - On April 15, 2026, MeiGe Smart Technology Co., Ltd. convened its 16th meeting of the fourth board of directors, reviewing and approving the investment cooperation agreement to be signed with the Management Committee of the Jiangsu Nantong North High-tech Industrial Development Zone. According to the agreement, the company or its wholly-owned subsidiary plans to purchase approximately 46 mu of industrial land in the Nantong North High-tech Industrial Development Zone to invest in the construction of the "MeiGe Smart AI R&D and Advanced Manufacturing Industry Project". The total project investment is estimated at 300 million RMB, with equipment investment not less than 150 million RMB.
The project construction includes an R&D center, advanced process pilot production, and a manufacturing base. It will focus on several cutting-edge technology directions such as high-computing-power AI modules, ASIC servers, high-computing-power automotive SIP modules, and 5G+AIoT modules. The company plans to relocate its wholly-owned subsidiary, Shanghai Meixiao Smart Information Technology Co., Ltd., to the project implementation site to serve as the investment and implementation entity for the project. The investment intensity per mu of land for the project is not less than 5 million RMB, with a plot ratio not less than 1.6. The land use term is 30 years, and the company commits to legally and compliantly acquiring the target land plot through bidding, auction, and listing.
According to the construction schedule in the cooperation agreement, the project must commence construction within 6 months after land delivery, be completed within 30 months after land delivery, commence production within 18 months after completion, and reach full capacity within 60 months after production begins. At the start of production, equipment investment must be no less than 100 million RMB. Reaching full capacity means achieving cumulative taxable sales and tax-related targets within five years after production begins. The Nantong North High-tech Zone will provide support for the project including equipment subsidies, talent policies, and technology innovation rewards. The announcement also notes that this project has only signed an investment agreement at this stage; subsequent approvals or filings from relevant government authorities are still required, and there is some uncertainty regarding land acquisition.
MeiGe Smart stated in the announcement that the group had already established an R&D center in Nantong in 2024. This investment aims to strengthen the layout of R&D resources in Nantong, forming effective synergy with the Shanghai R&D center to further enhance product design and R&D innovation capabilities. By constructing a production base and purchasing advanced production equipment, the company will possess pilot production capabilities for advanced processes such as SIP packaging, along with automated and intelligent manufacturing capabilities. This will form a full-industry-chain capability from product design, R&D, pilot production, automated manufacturing, and testing, accelerating expansion into new business areas such as high-computing-power AI modules, ASIC servers, and high-computing-power automotive SIP modules. According to previous public information, MeiGe Smart has launched a portfolio of edge-side AI modules covering computing power from 8 to 100 TOPS. Among them, the SNM983 series high-computing-power AI modules can reach peak computing power of 200 TOPS and have completed verification on the QWEN2.5 7B multimodal large language model.
The city of Nantong, where the project is located, has been continuously promoting the development of the artificial intelligence industry in recent years. Nantong has issued the "Nantong City Artificial Intelligence Innovation Development Three-Year Action Plan (2026-2028)" and the "Nantong City Promotion of 'Artificial Intelligence + Manufacturing' Action Plan", clearly outlining the goal to strengthen key links such as AI-related chip design, packaging, and testing, and enhance the competitiveness of products like high-end components and precision intelligent controllers. The Nantong North High-tech Zone has concurrently released an implementation plan for the development of the AI industry, proposing to achieve an output value exceeding 10 billion RMB in AI-related industries during the "15th Five-Year Plan" period, establishing itself as a highland for AI characteristic applications and innovative development in the Yangtze River Delta. The industry direction of MeiGe Smart's investment aligns highly with Nantong's leading industry layout.
In 2025, MeiGe Smart achieved operating revenue of 3.747 billion RMB, a year-on-year increase of 27.39%; net profit attributable to the parent company was 143 million RMB, a year-on-year increase of 5.27%. The company's current R&D bases are mainly distributed in Shenzhen, Guangdong; Shanghai; Xi'an, Shaanxi; and Nantong, Jiangsu.
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