Group 1 - The core viewpoint of the article is that Hongxing Development (600367) has completed the construction of its fundraising project "Chongqing Ruide Sida Optoelectronic Materials Project" and has submitted an application for trial production to government authorities, awaiting approval to officially enter the trial production phase [1] - The expected completion date for reaching full production capacity will be determined based on the trial production results, and the company is currently unable to provide an accurate timeline [1] - Permanent magnet ferrite is one of the main sales channels for strontium salt, holding a significant market share in the downstream application areas of strontium salt [1]

Core Viewpoint - The company has announced a delay in the timeline for the "Chongqing Ruide Sida Optoelectronic New Materials Project," pushing the expected operational date to February 2026 [2] Group 1: Project Update - The company's board approved a proposal to extend the timeline for certain fundraising investment projects during the sixth meeting of the ninth board on August 21, 2025 [2] - The Chongqing Ruide Sida Optoelectronic New Materials Project has been completed and is currently awaiting approval for trial production from relevant government departments [2] - Once the necessary approvals are obtained, the project will officially enter the trial production phase [2]

Core Viewpoint - Hongxing Development announced a postponement of the "Chongqing Ruide Sida Optoelectronic Materials Project" to February 2026, which does not affect the intended use of raised funds or the company's normal operations [2] Group 1 - The company's board of directors approved the postponement during the sixth meeting of the ninth session on August 21, 2025 [2] - The delay is solely related to project progress adjustments and does not involve any changes to the use of raised funds [2] - The postponement is not expected to have a significant adverse impact on the company's normal operations or harm the interests of shareholders, particularly minority shareholders [2]

Summary of Key Points Core Viewpoint - The company has decided to postpone the expected operational readiness date for part of its fundraising investment projects, specifically the "Chongqing Ruide Sida Optoelectronic Materials Project," from August 2025 to February 2026, based on prudent principles and current project progress [1][4]. Group 1: Fundraising Overview - The company issued 47,894,302 A-shares, raising a total of approximately 580 million RMB, with a net amount of about 568 million RMB after deducting issuance costs [1]. - The funds raised are intended for specific investment projects, including the acquisition of a 75% stake in Qingdao Hongdie New Materials Co., Ltd., and the pure manganese sulfate project [2]. Group 2: Project Delay Details - The delay in the "Chongqing Ruide Sida Optoelectronic Materials Project" is due to the need for additional time for equipment installation and debugging, as well as the completion of some ancillary works [3][4]. - The project has completed its main construction, but certain payments related to the project are pending due to contractual agreements [4]. Group 3: Impact and Compliance - The postponement of the project does not alter the project’s implementation entity, the intended use of the raised funds, or the investment scale, ensuring compliance with relevant regulations [4][5]. - The company has taken measures to ensure that the project will be completed on schedule despite the delay, including close monitoring of market changes and resource allocation [4].