新五丰：公司研发费用增加主要系报告期投入了部分新研发项目

Core Viewpoint - The company, Xinwufeng (600975), has announced an increase in its R&D expenses for the upcoming years, indicating a commitment to new research projects and associated costs [1] R&D Expenses Summary - For 2024, the company plans to allocate R&D expenses of 76.1646 million yuan [1] - In the first quarter of 2025, R&D expenses are projected to be 23.8232 million yuan [1] - The second quarter of 2025 will see R&D expenses of 51.5276 million yuan [1] - R&D expenses for the third quarter of 2025 are expected to reach 57.7165 million yuan [1] - Cumulatively, R&D expenses for the first three quarters of 2025 are estimated at 133.0673 million yuan [1] - The increase in R&D expenses is primarily due to investments in new research projects, as well as rising costs for testing, materials, and other related expenses [1]