OTIC(SZ:000962) Zheng Quan Zhi Xing·2025-08-25 19:12Core 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].