Core Viewpoint - The company Shihua Machinery (000852.SZ) announced a delay in the hydrogen energy equipment integration manufacturing and testing project, now expected to reach its intended usable state by March 31, 2028 [1] Summary by Relevant Sections - **Project Delay**: The hydrogen energy equipment project has been postponed due to land optimization and extended time for technical solution adjustments [1] - **Investment Status**: As of October 31, 2025, the project has utilized 30.98 million yuan of the raised funds, which is 13.17% of the adjusted total investment of 235.19 million yuan [1] - **Government Involvement**: Local government planning adjustments have affected the project's progress, including the reconfiguration of irregular land into rectangular plots and the reconstruction of underground municipal pipelines [1]

Core Viewpoint - The company announced a delay in the hydrogen equipment integration manufacturing and testing project, extending the expected operational date to March 31, 2028 [2] Group 1 - The company will hold its 11th meeting of the 9th Board of Directors on November 28, 2025 [2] - The decision to postpone the project was made based on actual circumstances [2] - The new deadline for the project to reach a usable state is set for March 31, 2028 [2]