On October 21, wuxi paike new materials technology (605123.SH) announced that in the original project "Intelligent production line construction project for special alloy structural parts for aviation aerospace", a smart production line for hydraulic press forging is planned to be built. Influenced by recent international environmental changes, the raw materials and labor costs of the core equipment that this production line needs to import have significantly increased, resulting in the current procurement price far exceeding the original plan, thus making the expected investment cost of this production line too high to achieve the expected economic benefits. At the same time, in recent years, the market demand for forgings in sectors such as wind power, nuclear power equipment, aviation aerospace, and deep-sea equipment has been significant, with the additional demand mainly for large-sized forgings. The company's existing forging production line capacity and size can no longer fully meet market demand. Therefore, after a comprehensive evaluation of the original project's expected investment, market demand, industry's future development trends, and expected economic benefits, the company has decided to use the previously non-publicly raised 0.5 billion yuan of funds from the fundraising project for a new project called "Intelligent production line construction project for large special alloy forgings for high-end equipment."