思泉新材前次两募投项目延期至2026年10月 募集资金整体投入超90%

Core Viewpoint - The company, Guangdong Siquan New Materials Co., Ltd., has announced a delay in the completion of two major projects, extending their expected operational status from October 18, 2025, to October 18, 2026, while overall fundraising utilization has reached 90.82% [1][2]. Group 1: Project Delay and Fund Utilization - The two delayed projects are the "High-Performance Thermal Conductive Products Construction Project (Phase I)" and the "New Materials R&D Center Construction Project," with a total planned investment of 472.98 million yuan [2]. - As of September 30, 2025, the actual funds used amount to 429.56 million yuan, representing 90.82% of the total planned investment [2]. - The "High-Performance Thermal Conductive Products Construction Project" has a planned investment of 269.98 million yuan, with 254.06 million yuan already invested, achieving a utilization rate of 94.10% [2]. - The "New Materials R&D Center Construction Project" has a planned investment of 82 million yuan, with 54.51 million yuan invested, resulting in a utilization rate of 66.47% [2]. Group 2: Reasons for Delay - The delay is attributed to two main factors: the need to adjust the introduction of remaining equipment for the "High-Performance Thermal Conductive Products Construction Project" based on downstream customer demands, and the rapid development of the new materials industry requiring targeted adjustments in the R&D project [2][3]. - The company has confirmed that the delay only affects project timelines and does not change the project implementation entities, investment purposes, or scales [3]. Group 3: Asset Utilization and Future Plans - The company has rented out some temporarily idle properties, with a total rental area of 31,607.79 square meters, accounting for 44.64% of the total construction area of 70,807.16 square meters [4]. - The rental properties include office buildings, factories, and supporting facilities, aimed at improving asset utilization and avoiding idleness [4]. - The company emphasizes that the construction progress of production lines is clear, with a year-on-year revenue growth of 57.93% from January to September 2025, and a capacity utilization rate of 94.85% for artificial synthetic graphite thermal films [5].