longda(SH:688231) Zheng Quan Zhi Xing·2025-08-27 10:29Core Viewpoint - The company has decided to postpone the expected completion dates for certain fundraising investment projects, specifically the "New Annual Production of 10,000 Tons of Aerospace Grade High-Temperature Alloy Technology Transformation Project" and the "New R&D Center Project," extending the deadlines to December 2027 due to various operational and market factors [1][10]. Fundraising Overview - The company raised a total of approximately 2.41 billion RMB from its initial public offering, with a net amount of about 2.20 billion RMB after deducting issuance costs [1]. - The company has established special accounts for managing and using the raised funds, ensuring dedicated storage and regulatory agreements with banks and sponsors [2]. Investment Project Status - As of July 31, 2025, the total investment amount for the "New Annual Production of 10,000 Tons of Aerospace Grade High-Temperature Alloy Technology Transformation Project" was adjusted from 100,016.76 million RMB to 80,177.59 million RMB, with cumulative investment reaching 45,237.72 million RMB, representing 56.42% of the total [2]. Reasons for Project Delay - The delay in the "New Annual Production of 10,000 Tons of Aerospace Grade High-Temperature Alloy Technology Transformation Project" is attributed to macroeconomic conditions and market demand, as well as the need to ensure process stability for high-temperature alloy rod production [4]. - The "New R&D Center Project" has also faced delays due to the company's involvement in national-level research projects, which required strict adherence to funding usage, impacting the pace of fundraising project execution [5]. Re-evaluation of Projects - The company has conducted a re-evaluation of the necessity and feasibility of continuing the "New R&D Center Project," concluding that it remains aligned with strategic planning despite the low cumulative investment ratio [6][9]. Impact of Project Delay - The postponement of these projects is a cautious decision that does not alter the project content, investment purposes, or scales, and is not expected to have a significant adverse effect on the company's normal operations [10][11]. - The company aims to optimize resource allocation and accelerate the implementation of these projects while adhering to regulatory requirements [10].