中信建投证券股份有限公司 关于西安铂力特增材技术股份有限公司 增加2025年度日常关联交易预计额度的核查意见 中信建投证券股份有限公司（以下简称"中信建投"或"保荐人"）作为西 安铂力特增材技术股份有限公司（以下简称"铂力特"或"公司"）2022年度向 特定对象发行A股股票的保荐人，根据《证券发行上市保荐业务管理办法》《上 海证券交易所科创板股票上市规则》《上海证券交易所科创板上市公司自律监管 指引第1号——规范运作》和《科创板上市公司持续监管办法（试行）》等有关规 定，对铂力特增加2025年度日常关联交易预计额度事项进行了审慎核查，核查情 况及核查意见如下： 一、日常关联交易基本情况 （一）预计日常关联交易履行的审议程序 在前述董事会召开前，公司已召开独立董事专门会议及审计委员会，均审议 通过了《关于增加2025年度日常关联交易预计额度的议案》，同意将该议案提交 1 董事会审议。公司独立董事认为：本次增加的2025年度日常关联交易预计额度， 遵循市场定价原则，不存在损害本公司及股东利益，特别是中小股东利益的情况。 相关关联交易能够保证公司的持续经营，稳定发展。符合公司及全体股东利益， 是正常的关联交易行为， ...

证券代码：688333 证券简称：铂力特 公告编号：2025-045 西安铂力特增材技术股份有限公司 关于增加 2025 年度日常关联交易预计额度的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 是否需要提交股东大会审议：否 日常关联交易对公司的影响：西安铂力特增材技术股份有限公司（以下简 称"公司"）本次增加的关联交易预计额度属于与日常生产经营相关的关联交易，以 公允价格为定价依据，不影响公司的独立性，不存在损害公司及公司股东利益的情 形，公司不会因该关联交易对关联人产生依赖。 一、日常关联交易基本情况 （一）预计日常关联交易履行的审议程序 公司于 2025 年 4 月 28 日召开第三届董事会第十九次会议，第三届监事会第十 五次会议，审议通过了《关于预计 2025 年度日常关联交易的议案》，出席会议的 非关联董事、监事一致通过了此议案。公司于 2025 年 6 月 9 日召开的 2024 年年度 股东大会审议通过了上述议案，具体内容详见公司于 2025 年 6 月 10 日在上海证券 交易所网站（ ...

证券代码：688333 证券简称：铂力特 公告编号：2025-046 西安铂力特增材技术股份有限公司 关于全资子公司使用部分闲置募集资金进行现金 管理的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 西安铂力特增材技术股份有限公司（以下简称"公司"）于 2023 年 12 月 27 日召开第三届董事会第六次会议及第三届监事会第五次会议，审议通过了《关于 使用部分暂时闲置募集资金进行现金管理的议案》，同意公司在确保不影响募集 资金投资项目建设和募集资金使用以及公司正常业务开展的情况下，使用最高额 不超过人民币 150,000.00 万元（包含本数）的部分闲置 2022 年度向特定对象发 行 A 股股票募集资金进行现金管理。在上述额度内，资金可以滚动使用，使用 期限为自该次董事会审议通过之日起 12 个月内。上述现金管理额度的使用期限 已于 2024 年 12 月 26 日到期。 公司于 2024 年 3 月 27 日召开第三届董事会第九次会议及第三届监事会第七 次会议，审议通过了《关于增加使用部分暂时闲置募集资金进行现 ...

格隆汇9月26日丨铂力特(688333.SH)公布，全资子公司本次计划使用不超过人民币18,000.00万元（包含 本数）的部分暂时闲置募集资金进行现金管理。截至本公告日，公司及全资子公司合计计划使用不超过 108,000.00万元（含本数）的闲置募集资金进行现金管理（其中，9亿元的现金管理额度的使用期限将于 2025年12月26日到期）。在上述额度、使用主体和期限内，资金可循环滚动使用，使用闲置募集资金进 行现金管理到期后将及时归还至募集资金专户。 ...

Investment Rating - The industry is rated as "Overweight" with expectations of a price increase exceeding 10% compared to the market benchmark index in the next 6-12 months [6][10]. Core Insights - The commercial space launch capacity is critical, and a turning point in the high-frequency launch industry may be approaching, with significant developments expected in the fourth quarter of 2025 and the first half of 2026 [1]. - The successful launch of the reusable rocket Zhuque-3 by Blue Arrow Aerospace in 2025, with a capacity of approximately 60 tons, is anticipated to boost China's commercial space sector [2]. - Tianbing Technology's Tianlong-3 rocket, expected to launch by the end of 2025, aims to exceed a payload capacity of 20 tons, marking a significant advancement in China's commercial space capabilities [3]. - The Aerospace Science and Technology Corporation is accelerating the development of reusable rockets, with plans for launches in 2025 and 2026, indicating a strong future for the industry [4]. Summary by Sections Industry Overview - The report highlights the completion of multiple satellite launches by GW Constellation, indicating a growing trend in commercial space operations [1]. - The challenges faced by Qianfan Constellation, including failed rocket tenders, underline the importance of reliable launch capacity in the commercial space sector [1]. Key Developments - Blue Arrow Aerospace's Zhuque-3 rocket is set to perform three launches in 2025 and twelve in 2026, significantly enhancing launch capabilities [2]. - Tianlong-3 rocket's successful testing positions it for a pivotal role in future commercial launches, with a payload capacity of 17 to 22 tons for low Earth orbit [3]. - The development of the Liarrow-2 rocket by China Aerospace Science and Technology Corporation is also noted, with plans for its first flight in 2025 [3]. Investment Recommendations - The report suggests focusing on the rocket support segment, with specific companies highlighted for potential investment: Plittech (688333.SH), Huashu Gaoke (688433.SH), Srey New Materials (688102.SH), and Guanglian Aviation (300900.SZ) [4].

Core Viewpoint - The stock of Plater Technology (铂力特) increased by 5.27% on September 25, reaching a price of 78.69 CNY per share, with a trading volume of 351 million CNY and a turnover rate of 1.67%, resulting in a total market capitalization of 21.586 billion CNY [1] Company Overview - Plater Technology, established on July 6, 2011, and listed on July 22, 2019, is located in Xi'an, Shaanxi Province. The company specializes in providing comprehensive solutions for metal additive manufacturing (3D printing) and remanufacturing technology [1] - The revenue composition of Plater Technology includes: 63.33% from customized 3D printing products and technical services, 27.89% from 3D printing equipment, accessories, and technical services, and 8.78% from 3D printing raw materials [1] Fund Holdings - According to data, one fund under Wan Jia Fund holds a significant position in Plater Technology. The Wan Jia Interconnect China Advantage Quantitative Strategy Mixed A Fund (010296) held 128,900 shares in the second quarter, accounting for 2.69% of the fund's net value, ranking as the ninth largest holding [2] - The Wan Jia Interconnect China Advantage Quantitative Strategy Mixed A Fund was established on November 4, 2020, with a current scale of 260 million CNY. Year-to-date returns are 40.62%, ranking 1933 out of 8173 in its category, while the one-year return is 65.67%, ranking 1802 out of 8003. Since inception, the fund has experienced a loss of 5.9% [2] Fund Manager Information - The fund manager of Wan Jia Interconnect China Advantage Quantitative Strategy Mixed A Fund is Yin Hang, who has been in the position for 5 years and 68 days. The total asset size of the fund is 468 million CNY, with the best return during his tenure being 61.55% and the worst return being -9.82% [3]

Core Insights - The stock price of Plater has increased by 94.28% year-to-date, with a recent decline of 4.99% over the last five trading days [1] - The company has a market capitalization of 20.955 billion yuan and reported a net inflow of 5.7835 million yuan from major funds [1] - Plater's main business involves providing comprehensive solutions for metal additive manufacturing (3D printing) and remanufacturing technology [1] Financial Performance - For the first half of 2025, Plater achieved operating revenue of 667 million yuan, representing a year-on-year growth of 17.22% [2] - The net profit attributable to the parent company for the same period was 76.3143 million yuan, reflecting a year-on-year increase of 9.98% [2] - Cumulative cash dividends since the A-share listing amount to 82.677 million yuan, with 66.517 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders increased by 27.74% to 13,100, with an average of 20,671 circulating shares per person, down by 21.72% [2] - The fourth largest circulating shareholder is Invesco Great Wall Research Select Stock A, holding 6.3912 million shares, a decrease of 1.8179 million shares from the previous period [3] Market Activity - Plater has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on July 3, where it recorded a net purchase of 53.1262 million yuan [1] - The company operates in the mechanical equipment sector, specifically in general equipment and other general equipment categories, and is involved in various concept sectors including commercial aerospace and drone technology [2]

Group 1 - The Shanghai Stock Exchange's Innovation Value Index (950333) rose by 1.85%, with notable stock performances including Nanya New Materials (688519) up 17.07%, and Xinan Century (688201) up 14.07% [1] - Nearly 400 foreign institutions have conducted intensive research on A-share listed companies, with a total of around 1800 research instances, indicating sustained interest in Chinese assets [1] - Foreign institutions are focusing on high-end manufacturing and technological innovation sectors, particularly in industrial machinery, electrical equipment, electronic instruments, and healthcare [1] Group 2 - According to CITIC Securities, AI technology is rapidly integrating into various industries, leading to a continuous increase in demand for computing power due to large-scale AI models and massive data [1] - The semiconductor industry is a key battleground in the new wave of technological transformation, with semiconductor equipment being crucial for this sector [1] - The ongoing technological transformation is expected to accelerate domestic substitution, with significant replacement potential in areas with low domestic production rates [1] Group 3 - From a global liquidity perspective, the limited rise in U.S. inflation and a weakening job market have strengthened market expectations for a Federal Reserve interest rate cut [2] - The weakening U.S. dollar index may support the performance of A-shares, enhancing the outlook for the market [2] - The Innovation Value ETF closely tracks the Shanghai Stock Exchange's Innovation Value Index, which includes 100 companies with strong technological innovation capabilities, low valuations, and good profit quality [2]

Group 1 - The defense and military industry sector experienced significant movement, with Hongda Electronics leading with a rise of 6.38%, Plittech up by 5.26%, and Huafeng Technology increasing by 4.65% [1] - The defense military ETF (512810) saw a price increase of over 1% in the market [1] - China Galaxy Securities suggests that the defense and military sector is expected to stabilize as the fund adjustment period post "September 3" approaches its end [3] Group 2 - The upcoming procurement of equipment under the "14th Five-Year Plan" is anticipated to boost upstream orders, with a positive outlook for order growth in the fourth quarter [3] - NATO countries are significantly increasing military spending, indicating an escalation in the global arms race, while China's military expenditure has considerable room for growth [3] - The long-term outlook for the military industry is optimistic, with the potential for increased domestic demand and military trade, especially in light of the India-Pakistan conflict [3] Group 3 - The defense military ETF (512810) is highlighted as an efficient investment tool, covering various themes such as commercial aerospace, deep-sea technology, military AI, low-altitude economy, and large aircraft [3]

中信建投证券股份有限公司 关于西安铂力特增材技术股份有限公司 2025 年半年度持续督导跟踪报告 | 保荐人名称：中信建投证券股份有限 | 上市公司名称：西安铂力特增材技术股 | | | | --- | --- | --- | --- | | 公司 | 份有限公司 | | | | 保荐代表人姓名：闫明 | 联系方式：010-56052594 联系地址：北京市朝阳区景辉街 16 | | 号 | | | 院 1 层 | 号楼泰康大厦 | 11 | | 保荐代表人姓名：关天强 | 16 | 联系方式：010-56052386 | 号 | | | 联系地址：北京市朝阳区景辉街 | | | | | 院 1 层 | 号楼泰康大厦 | 11 | 经中国证券监督管理委员会（简称"中国证监会"）"证监许可[2023]1444 号"批准，西安铂力特增材技术股份有限公司（简称"公司"或"铂力特"）向 特定对象发行股票并在科创板上市。本次公司发行新股的发行价为 94.50 元/股， 募集资金总额为 302,854.61 万元，扣除发行费用 2,115.02 万元后，实际募集资金 净额为 300,739.59 万元。本次公开发行股票于 ...