---
title: "HSF's subsidiary plans to invest 1.49 billion yuan to build a new chemical materials and new fertilizer industrial park project"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/241040084.md"
description: "HSF's subsidiary, Zhongyan Hongse Jindian, plans to invest 1.49 billion yuan to build a new chemical materials and new fertilizer industrial park in Suizhou High-tech Zone. The investment framework agreement for this project was signed on May 20, 2025, aiming to improve capacity layout and support the company's market expansion in Suizhou, Hubei, and surrounding areas, in line with the company's long-term development strategy"
datetime: "2025-05-20T12:28:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/241040084.md)
  - [en](https://longbridge.com/en/news/241040084.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/241040084.md)
---

# HSF's subsidiary plans to invest 1.49 billion yuan to build a new chemical materials and new fertilizer industrial park project

According to the announcement from Hong Sifang (603395.SH), the company's controlling subsidiary, Zhongyan Hongse Jindian, signed a "Project Investment Framework Agreement" with the Suizhou High-tech Industrial Development Zone Management Committee (hereinafter referred to as "Suizhou High-tech Zone Management Committee") on May 20, 2025. Zhongyan Hongse Jindian plans to establish a new production base in the Qingchun Chemical Park of Suizhou High-tech Zone. Project name: Chemical New Materials and New Fertilizer Industrial Park Project, with a total planned investment of approximately 1.49 billion yuan (the specific project construction content and investment amount will be subject to the specific investment agreement signed by both parties later).

The signing of this framework agreement aligns with the company's strategic plan to deepen its main business. If the framework agreement can be effectively implemented, it will be beneficial for further improving capacity layout in the long-term development perspective, meeting the company's market expansion and business development needs in Suizhou, Hubei, and surrounding areas, in line with the company's long-term development strategic plan

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