Core Viewpoint - Oriental Tantalum Industry reported significant growth in revenue and net profit for the first half of 2025, driven by market expansion and product structure adjustments [1][2]. Financial Performance - The company achieved operating revenue of 797 million yuan, a year-on-year increase of 34.45% [1]. - The net profit attributable to shareholders was 145 million yuan, up 29.08% year-on-year [1]. - The non-recurring net profit was 137 million yuan, reflecting a growth of 34.93% [1]. - A cash dividend of 0.5 yuan per 10 shares (including tax) is proposed for distribution to all shareholders [1]. Market and Product Development - The increase in revenue is attributed to market expansion, product structure adjustments, and the gradual release of production capacity from fundraising projects [2]. - Revenue from tantalum and niobium products grew by 35.50%, accounting for 98.35% of total revenue [2]. - The company is focusing on high-end products to meet new demands in high-tech and defense industries, with ongoing capacity expansion [2][3]. R&D and Innovation - The company is recognized as the largest producer of tantalum and niobium products in China and emphasizes technological innovation as a key performance driver [4]. - R&D investment for the first half of 2025 was approximately 24.51 million yuan, showing a slight decrease due to increased product output offsetting R&D costs [4]. - Significant breakthroughs in technology and products were achieved, including the launch of ultra-pure tantalum targets with a purity of 5N9 [4]. International Expansion - The company is implementing a "going out" strategy to enhance supply chain resilience and expand overseas resources [5]. - Foreign sales revenue reached 281 million yuan, a year-on-year increase of 35.93%, with improved gross profit margins [5]. Shareholder Engagement and Value Management - The company is committed to enhancing shareholder value through regular dividends and effective investor relations management [6][7]. - A mid-year dividend of approximately 25.25 million yuan is planned, continuing the trend of biannual dividends [7]. - The company has received recognition for its investor relations management and corporate governance practices [8].

Core Viewpoint - The company, Ningxia Dongfang Tantalum Industry Co., Ltd., plans to raise up to 1.2 billion RMB through a private placement of A-shares to fund three projects and supplement working capital, aligning with national policies supporting the tantalum and niobium industry [4][5][6]. Group 1: Background and Purpose of the Issuance - The issuance is driven by national policies aimed at promoting the development of the tantalum and niobium industry, which is recognized as a key sector due to its applications in electronics, aerospace, and other strategic industries [5][6]. - The company aims to enhance its production capacity and address equipment aging and capacity shortages through the proposed projects, which include wet metallurgy, pyrometallurgy, and high-end products [7][24]. Group 2: Fund Allocation and Project Details - The total investment for the projects is approximately 1.37358 billion RMB, with the raised funds of 1.2 billion RMB allocated to three main projects and working capital [4][24]. - The projects are expected to improve the company's market position and operational efficiency, ensuring a stable supply chain and reducing costs by achieving self-sufficiency in raw materials [7][24]. Group 3: Industry Context and Market Demand - The tantalum and niobium industry is supported by government policies, which provide a favorable environment for growth, particularly in high-tech applications such as semiconductors and aerospace [5][6]. - The demand for tantalum and niobium products is expected to rise due to their critical roles in various high-tech sectors, including defense and energy [6][7]. Group 4: Financial Impact and Shareholder Considerations - The issuance is projected to increase the company's total assets and net assets, enhancing its financial stability and capacity for future growth [8][20]. - The company has committed to measures to mitigate the dilution of immediate returns for existing shareholders, ensuring that the interests of all shareholders are protected [20][27][28].

宁夏东方钽业股份有限公司 用可行性分析报告（修订稿） 二〇二五年八月 一、本次募集资金使用计划 本次向特定对象发行 A 股股票募集资金总额不超过 120,000.00 万元人民币， 扣除发行费用后将投资于三个建设项目及补充流动资金，具体情况如下: 单位：万元 证券代码：000962 证券简称：东方钽业 公告编号：2025-072 号 拟使用募集 序号 项目名称 项目总投资 资金金额 合计 137,358.00 120,000.00 注：火法冶金熔炼项目总投资中 1,022.00 万元为原有固定资产，不纳入拟使用募集资金 金额。 本次发行的募集资金到位前，公司将根据市场情况利用自筹资金对募集资金 投资项目进行先期投入，并在募集资金到位后予以置换。若实际募集资金净额低 于上述募集资金投资项目拟投入金额，公司股东大会将授权公司董事会及其授权 人士根据实际募集资金净额，按照项目的轻重缓急等情况，调整并最终决定募集 资金投入的优先顺序及各项目的具体投资金额等使用安排，募集资金不足部分由 公司自筹解决。 二、项目方案概述及可行性分析 （一）募投项目可行性分析 （1）有利于践行国内大循环，保障国家产业链安全 党的十九届五中 ...

Core Viewpoint - Ningxia Orient Tantalum Industry Co., Ltd. plans to issue A-shares to specific investors in 2025, aiming to raise up to RMB 120 million for various projects and to enhance its production capacity in the tantalum and niobium industry [16][25]. Group 1: Issuance Overview - The company intends to issue A-shares to no more than 35 specific investors, including China Nonferrous Metal Group and Zhongse (Ningxia) Oriental Group [20][21]. - The issuance will require approval from the State-owned Assets Supervision and Administration Commission, the shareholders' meeting, Shenzhen Stock Exchange, and the China Securities Regulatory Commission [30]. Group 2: Use of Proceeds - The total investment for the projects funded by the issuance is RMB 137.358 million, with RMB 120 million expected to be raised [25][26]. - The funds will be allocated to three main projects, including the construction of a hydrometallurgical digital factory and upgrades to existing production lines [18][19]. Group 3: Market Context - The tantalum and niobium industry is supported by national policies, with applications in electronics, aerospace, and defense sectors, indicating a stable market demand [16][18]. - The company aims to optimize its product and market structure to meet domestic and international demand, particularly for high-temperature alloy materials [19]. Group 4: Shareholder Relations - The issuance constitutes a related party transaction, as both China Nonferrous Metal Group and Zhongse (Ningxia) Oriental Group are significant shareholders [21][28]. - The shareholding structure will remain stable post-issuance, with no expected change in control [28][29]. Group 5: Financial Implications - The issuance may lead to short-term dilution of earnings per share, but the company has measures in place to mitigate this impact [10][11]. - The company has committed to a shareholder return plan for the next three years, which has been approved by the board [11].

证券代码：000962 证券简称：东方钽业 公告编号：2025-069 号 宁夏东方钽业股份有限公司 关于公司 2025 年中期利润分配预案的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 如该预案获得股东大会审议通过，公司 2025 年半年度现金分红金额为 二、现金分红方案合理性说明 公司本次利润分配预案综合考虑经营业绩、经营净现金流情况及未来 发展规划与投资者回报等因素，符合《公司法》《企业会计准则》《深圳 证券交易所股票上市规则》《公司章程》等，具备合法性、合规性、合理 性。 三、风险提示 本次利润分配方案需提交公司股东大会审议通过后实施，尚存在不确 定性，敬请广大投资者注意投资风险。 四、备查文件 第九届董事会第二十三次会议决议 宁夏东方钽业股份有限公司董事会 宁夏东方钽业股份有限公司（以下简称公司）于 2025 年 8 月 22 日召 开第九届董事会第二十三次会议和第九届监事会第十三次会议，会议审议 通过了《关于公司 2025 年中期利润分配预案的议案》，本议案需提交公司 股东会审议。现将相关事项公告如下： 一、本次利润分配预案的基本内容 根据 ...

Meeting Information - The company will hold its fourth extraordinary general meeting of shareholders on September 12, 2025, at 14:30 [1] - Shareholders can vote through both on-site and online methods on the same day [1] - The online voting time is from 9:15 to 9:25, 9:30 to 11:30, and 13:00 to 15:00 [1] Shareholder Eligibility - All shareholders registered by the close of business on September 8, 2025, are entitled to attend the meeting and vote [2] - Shareholders can appoint proxies to attend and vote on their behalf [2] Agenda Items - Proposals include changes to registered capital, cancellation of the supervisory board, and amendments to the company's articles of association [3][10] - The company plans to issue A-shares to specific investors and has outlined several related proposals, including a feasibility analysis and a profit distribution plan [3][10] - A three-year shareholder return plan for 2025-2027 is also on the agenda [4][10] Voting Procedures - Shareholders must choose between on-site and online voting, with the first vote counted in case of duplicate submissions [5][6] - Detailed voting procedures for both methods are provided, including the need for identity verification for online voting [7] Proxy Voting - A proxy authorization form is available for shareholders who wish to delegate their voting rights [8][11] - The proxy can exercise discretion if specific voting instructions are not provided [8]

Group 1 - The board meeting of Ningxia Dongfang Tantalum Industry Co., Ltd. was held on August 22, 2025, with all 9 directors present, confirming compliance with the Company Law and Articles of Association [1] - The board approved the 2025 semi-annual report and related documents, which will be published on August 26, 2025, in various financial newspapers and on the official website [1][2] - The board also approved a continuous risk assessment report and a special report on the use of raised funds, both requiring submission to the fourth extraordinary general meeting of shareholders in 2025 [2][3] Group 2 - The company plans to issue shares to specific investors, including China Nonferrous Metal Group Co., Ltd. and other qualified institutional investors, with a total fundraising amount not exceeding 1.2 billion RMB [14][15] - The funds raised will be allocated to three construction projects and to supplement working capital, with a total project investment of 1.37358 billion RMB [15] - The issuance will be conducted through a pricing inquiry method, with the issue price set at no less than 80% of the average trading price over the previous 20 trading days [12][14] Group 3 - The company will implement a lock-up period for shares acquired by specific investors, with different durations based on the percentage of shareholding increase post-issuance [17] - The board's resolution for the issuance is valid for 12 months from the date of approval by the shareholders' meeting, subject to any new regulations [18] - The company will utilize self-raised funds for project investments prior to the arrival of the raised funds, with adjustments made based on the actual net amount raised [15]

Financial Overview - The total assets of Ningxia Dongfang Tantalum Industry Co., Ltd. reached approximately 3.36 billion yuan at the end of the reporting period, an increase from 3.06 billion yuan at the beginning of the period, reflecting a growth of about 9.8% [1][2][3] - Total liabilities increased to approximately 635.87 million yuan from 454.18 million yuan, marking a rise of about 40.1% [2][3] - The total equity of the company rose to approximately 2.73 billion yuan from 2.61 billion yuan, indicating an increase of about 4.5% [2][3] Income Statement Highlights - The total operating revenue for the first half of 2025 was approximately 796.81 million yuan, up from 592.66 million yuan in the same period of 2024, representing a growth of about 34.4% [4][5] - Total operating costs increased to approximately 706.67 million yuan from 537.29 million yuan, which is an increase of about 31.5% [4][5] - The net profit for the first half of 2025 was approximately 145.16 million yuan, compared to 112.61 million yuan in the same period of 2024, reflecting a growth of about 28.9% [4][5] Cash Flow Analysis - The net cash flow from operating activities was negative at approximately -59.64 million yuan, an improvement from -200.19 million yuan in the previous year [5][6] - Cash inflows from operating activities totaled approximately 587.75 million yuan, while cash outflows were about 647.39 million yuan [5][6] - The net cash flow from investing activities was approximately -53.81 million yuan, compared to -64.53 million yuan in the previous year, indicating a reduction in cash outflow [5][6] Balance Sheet Details - Current assets totaled approximately 1.65 billion yuan, up from 1.55 billion yuan, reflecting an increase of about 6.5% [1][2] - Non-current assets increased to approximately 1.71 billion yuan from 1.51 billion yuan, marking a growth of about 12.6% [1][2] - The company's cash and cash equivalents at the end of the reporting period were approximately 395.81 million yuan, down from 502.74 million yuan at the beginning of the period [5][6]

Core Viewpoint - The independent directors of Ningxia Dongfang Tantalum Industry Co., Ltd. held a special meeting to review and approve several proposals related to risk assessment, loan agreements, and stock issuance, emphasizing the importance of safeguarding the company's interests and ensuring compliance with relevant regulations [1][2][3][4][5] Group 1: Risk Assessment and Loan Agreements - The independent directors conducted a risk assessment report on China Nonferrous Mining Group Financial Co., Ltd., which objectively reflects the financial company's risk status and aids in timely risk prevention [1] - The proposal for a loan agreement with China Nonferrous Group was approved, as it is deemed necessary for business development and does not negatively impact the company's operational capacity or independence [2] Group 2: Stock Issuance Proposals - The revised proposal for issuing shares to specific targets complies with relevant laws and is aligned with the company's long-term development strategy, ensuring no harm to the interests of shareholders, especially minority shareholders [2][3] - The feasibility analysis report for the use of funds raised from the stock issuance is consistent with national policies and the company's actual needs, promoting sustainable development [3][4] - The report on the dilution of immediate returns from the stock issuance and the accompanying remedial measures is in accordance with regulatory requirements, ensuring the protection of shareholders' rights [5]

Core Viewpoint - The announcement details a related party transaction where China Nonferrous Mining Group Co., Ltd. will provide a entrusted loan of 45.2742 million yuan to Ningxia Dongfang Tantalum Industry Co., Ltd. for tantalum and niobium project construction, with a loan term of 36 months at an interest rate of 1.5% [1][2]. Group 1: Related Party Transaction Overview - The entrusted loan will be used for the construction of tantalum and niobium projects, with the funds coming from capital grants received by China Nonferrous Mining Group [2]. - The loan agreement was signed on August 22, 2025, and does not require any guarantees or collateral from the borrowing company [2][3]. - The transaction is classified as a related party transaction under the relevant stock listing rules, and it does not require shareholder approval [3]. Group 2: Financial and Operational Background - China Nonferrous Mining Group is a state-owned enterprise with a registered capital of approximately 60.53 billion yuan and is directly managed by the State-owned Assets Supervision and Administration Commission [4][5]. - The group has shown steady growth in its main business over the past three years, with total assets of approximately 125.54 billion yuan and a net profit of approximately 57.58 billion yuan for the year ending December 31, 2024 [5]. - The financial company involved, established in 2014, primarily serves the members of China Nonferrous Mining Group and has a registered capital of 30 billion yuan [7][8]. Group 3: Purpose and Impact of the Transaction - The purpose of the transaction is to facilitate the smooth implementation of related projects, enhance operational efficiency, and strengthen the overall business capabilities of the company [11]. - The transaction is expected to have a positive impact on the company's long-term development and does not harm the interests of shareholders, particularly minority shareholders [11][12].