DT新材料·2025-11-20 16:05Group 1 - The core viewpoint of the article highlights the project delays announced by Huitong Co. and Suqian Liansheng, reflecting the companies' strategic adjustments in response to market conditions and operational needs [2][3][4] Group 2 - Huitong New Materials announced on November 18 that the completion date for its "Annual Production of 300,000 Tons of High-Performance Composite Materials Project" has been extended to December 31, 2027. Currently, the project has achieved an annual production capacity of approximately 240,000 tons, reaching 80% of the planned capacity, with a utilization rate exceeding 80% [3] - The delay is attributed to the need for careful planning of fundraising usage in light of the macro market environment and the company's business development, aiming to avoid wasteful expansion of production capacity [3] Group 3 - Suqian Liansheng announced on November 20 that the timeline for its fundraising project, which includes the production of 12,000 tons of light stabilizers, 5,000 tons of anti-aggregation agents, and 15,000 tons of dimethyl sebacate series new materials, has been postponed from December 2025 to December 2026 [4] - The first phase of the project is nearly completed and operational, while the second phase is still under construction. The market competition for light stabilizer 770 is intense, with prices at their lowest in recent years, leading to a current utilization rate of 57.35% for the company's hindered amine light stabilizers [4] - The company has decided to slow down the investment pace of the fundraising project due to the inability to achieve expected economic benefits under the current market conditions [4]