The main purpose of this fundraising is to extend the industrial chain of barium salt products developed by Red Star and reduce related transactions. At the same time, the implementation of the expansion and replenishment project will help the company to further improve the production capacity and scale of manganese products and enhance financial security. In addition, thanks to the rise in product volume and price, the development performance of Red Star has maintained steady growth in the past year, with operating income and net profit increasing by 26.79% and 665,438+0.42% year-on-year.
Judging from the market reaction, the share price of Red Star Development rose after the announcement, with an increase of 2.58%. This shows that the market has a positive attitude towards the company's fund-raising plan, which is conducive to the company's long-term development.
Generally speaking, the fundraising plan of Red Star Development is a positive move, aiming at enhancing the competitiveness and profitability of the company through acquisition and expansion. However, the success of this plan depends on the reaction of the market and the subsequent operation of the company.