Shandong JiYin New Materials Technology Co., Ltd. has filed a project for an annual output of 30,000 tonnes of powder metallurgy laser cladding new materials. The company is a subsidiary of LuYin Investment (600784), Asia's largest manufacturer of powder metallurgy iron-based powders. Its product range includes reduced and water-atomized high-performance alloy specialty powders, widely used in automotive powder metallurgy components, laser cladding, injection molding, soft magnetic materials, diamond tools, and other industries. The project will focus on breakthroughs in key technologies for laser cladding powder production, promoting the application of high-end powders in cutting-edge fields such as additive manufacturing.