Hongxing Development: The revenue for the first three quarters of 2025 reached 1.609 billion, a year-on-year increase of 86.78% in net profit.

Red Star Development announced that the company will hold a third quarter performance briefing for 2025 on November 5, 2025, with Chairman Zhang Haijun and others in attendance. Investors raised questions regarding market value management and external investments. The company plans to build a new 20,000 tons/year high-purity thiourea project on existing land, with an investment of 148.62 million yuan. Once completed, the existing 10,000 tons/year production line will be discontinued. In the first three quarters of 2025, the company's revenue was 1.609 billion yuan, almost flat compared to the same period in 2024; net profit was 107 million yuan, an 86.78% year-on-year increase, mainly due to an increase in gross profit from main products. The company stated that it will strictly comply with market value management regulations, and if there is a share repurchase plan, it will be promptly disclosed.