Group 1: Industry Outlook - The tantalum and niobium industry is expected to grow due to the expanding semiconductor and consumer electronics markets, providing significant development space for target materials [3] - The demand for tantalum and niobium targets is anticipated to increase rapidly, driven by market needs and domestic substitution [3] - Emerging applications in high-frequency communication technology and large scientific projects are likely to boost market demand [3] Group 2: Market Expansion Strategies - The company is actively exploring niche markets, particularly in tantalum powder and wire, and is increasing efforts in the recovering tantalum target market [4] - Focus on new fields such as high-temperature alloys and semiconductors to enhance production capabilities of tantalum and superconducting niobium materials [4] - Domestic market revenue grew by 29.17%, increasing its share to 64.27%, indicating significant market expansion success [4] Group 3: Profit Distribution and Shareholder Returns - The company distributed a cash dividend of 0.55 CNY per 10 shares in the first three quarters of 2024, totaling 27.77 million CNY [4] - The proposed dividend for the full year is 0.77 CNY per 10 shares, amounting to 38.88 million CNY, with total dividends reaching 66.65 million CNY, representing 31.26% of the net profit attributable to shareholders [4] Group 4: Raw Material Price Management - The company mitigates raw material price fluctuations by establishing long-term supplier relationships and locking in prices through contracts [5] - Market monitoring and analysis are conducted to anticipate price trends, allowing for strategic procurement [5] - Production processes are optimized to improve raw material utilization and reduce consumption per product [5] Group 5: Brand Development Initiatives - Continuous improvement in product quality has established "Baoshan" tantalum powder and wire as renowned products in China [6][7] - The company actively participates in setting industry standards, enhancing its influence within the sector [7] - Participation in domestic and international exhibitions showcases product and technological strengths, boosting brand recognition [7] Group 6: Research and Development Incentives - A comprehensive incentive mechanism is in place to reward teams and individuals for significant research achievements [7] - Opportunities for career advancement and training are provided to research personnel, fostering innovation [7] - The company encourages a culture of innovation, allowing for calculated risks in research projects [7]

Group 1 - The company reported a revenue of 338 million yuan for Q1 2025, representing a year-on-year increase of 30.83% [1] - The net profit attributable to shareholders reached 56.5 million yuan, up 13.62% year-on-year, while the net profit excluding non-recurring items was 53.99 million yuan, reflecting an 18.95% increase [1] - The company has a strong market position in the tantalum and niobium industry, being one of the earliest high-tech enterprises engaged in the production, research, and manufacturing of these materials in China [1] Group 2 - The company plans to accelerate market expansion in 2025, focusing on niche markets, responding to demand in emerging fields, and enhancing technological support [2] - The company aims to implement a "going out" strategy to explore overseas resources, thereby improving supply chain resilience and stability [2] - The company is committed to optimizing its industrial layout and advancing project construction while ensuring quality and safety [2]