SHAREATE(SH:688257) Chang Jiang Shang Bao·2026-02-02 00:48Core Viewpoint - The company, New锐股份, is accelerating its expansion in the hard alloy and tool sector by raising up to 1.316 billion yuan through a private placement to enhance production capacity, research and development, and working capital [1][2]. Fundraising and Investment Projects - New锐股份 plans to raise a total of 1.316 billion yuan, with 483 million yuan (36.7% of total funds) allocated to the high-performance CNC blade industrial park project, focusing on R&D and production of high-end CNC blades [2]. - The company will invest 318 million yuan in the high-performance rock drilling tool production project to expand capacity for products like down-the-hole drills and rolling cutters [2]. - An additional 150 million yuan will be directed towards the construction of a precision tool R&D and testing center and the headquarters management center to enhance R&D capabilities [2]. Financial Performance - Since its establishment in 2005, New锐股份 has shown steady growth, with revenue increasing from 730 million yuan in 2020 to 1.862 billion yuan in 2024, marking a 155.07% increase [4]. - The net profit attributable to shareholders rose from 114 million yuan to 181 million yuan during the same period, reflecting a 58.77% growth [4]. - In the first three quarters of 2025, the company achieved a revenue of 1.789 billion yuan, a year-on-year increase of 32.11%, and a net profit of 165 million yuan, up 22.68% [4]. R&D and Innovation - R&D investment has been a core driver of the company's growth, with cumulative R&D expenditures reaching 371 million yuan from 2020 to the first three quarters of 2025 [5][6]. - The company holds 520 valid authorized patents, which support its competitive edge and market presence [6].