According to Zhithong Finance APP, Hengxing New Materials (603276.SH) announced to promote the company's sustainable development, fully leverage the experience and resources of professional institutions, and broaden the company’s industrial layout and global strategy. On December 5, 2024, the company signed the Partnership Agreement of Yixing Hongsheng Houxing xinxingchanye Venture Capital Fund Partnership (Limited Partnership) with Shanghai Hongsheng Junhao Private Equity Fund Management Co., Ltd. and Shanghai Hongsheng Houde Private Investment Fund Partnership (Limited Partnership). The fund is mainly used to invest in projects in synthetic biology and biomanufacturing. The total subscription amount for this fund is 40.51 million yuan, with the company as a limited partner contributing 15.5 million yuan of its own funds, accounting for 38.26% of the contribution.

The company's participation in the establishment of the venture capital fund with its own funds will help improve the efficiency of its own capital through market-driven investment operations.