Core Viewpoint - Donghe New Materials (920792.BJ) announced a delay in its core fundraising project, the "New Low-Energy Dual-Chamber Carbonate Decomposition Furnace for Light-Burned Magnesium Oxide Powder Production Project," with the expected operational date postponed from November 30 this year to June 30 next year, resulting in a 7-month delay [2]. Group 1: Project Details - The delay is attributed to equipment optimization adjustments, but it does not change the direction of the raised funds and does not harm shareholder interests [2]. - As of October 31, 2023, the cumulative investment in the fundraising project reached 61.64 million yuan, representing a progress rate of 53.86%, while the overall fundraising usage progress stands at 65.36% [2]. Group 2: Financial Aspects - Donghe New Materials raised approximately 152 million yuan through a public offering to unspecified qualified investors in March 2023, with 114 million yuan allocated to the aforementioned project and 38 million yuan for repaying bank loans and supplementing working capital [2]. Group 3: Equipment and Optimization - The company is currently in the equipment procurement phase, testing various high-grade heat-resistant steels to meet the high-temperature requirements of the active regulator device, and is adjusting the types and materials of equipment such as gasifiers and active regulator devices to ensure long-term stable operation and effective reduction of energy consumption [2].