MAE(SZ:002009) Zheng Quan Ri Bao Wang·2025-12-31 06:37Core Viewpoint - Tianqi Automation Engineering Co., Ltd. plans to issue up to 120 million shares to raise no more than 977 million yuan for the construction of an intelligent manufacturing base for automotive equipment, the development of a robot embodiment intelligent system R&D center, and to supplement working capital [1][2] Group 1: Investment Projects - The intelligent manufacturing base project has a total investment of 497 million yuan, with 426 million yuan sourced from the raised funds, aiming to enhance the scale of manufacturing capabilities for coating process equipment and expand existing manufacturing capacity for automotive intelligent equipment [1] - The embodiment intelligent R&D project has a total investment of 309 million yuan, with 261 million yuan planned to be funded from the raised capital [2] Group 2: Industry Context and Company Position - The global automotive industry is rapidly transitioning towards intelligence and high-end production, with increasing demand for automation and intelligence in production processes [2] - Tianqi, with decades of experience in the automotive industry, possesses deep industry knowledge and technical accumulation, positioning itself well to capitalize on this trend [2] - The company’s intelligent equipment business has shown significant overseas expansion, with an order backlog of 1.32 billion yuan as of mid-2025, of which 54% are overseas orders [1] Group 3: Strategic Implications - The expansion of the intelligent manufacturing base is expected to enhance the company's delivery capabilities and responsiveness in overseas markets, reinforcing its irreplaceable position in the global automotive equipment supply chain [3] - The development of the embodiment intelligent system R&D center is anticipated to help the company capture high-value segments of automotive robot control systems, thereby increasing technical barriers and opening a second growth curve [3]