红星发展(600367.SH)：拟设立全资子公司天柱红星

Group 1 - The company, Hongxing Development (600367.SH), announced the establishment of a wholly-owned subsidiary, Tianzhu Hongxing, to enhance its business layout and leverage the barite resource advantages in Tianzhu County, Qiandongnan Miao and Dong Autonomous Prefecture, Guizhou Province [1] - The company will invest 30 million RMB of its own funds, representing 100% of the registered capital of the new subsidiary [1] - The initiative aims to reduce the procurement costs of barite raw materials and improve the company's profitability [1]