2025年12月31日，风神轮胎股份有限公司发布公告，公司向特定对象发行股票申请已获中国证券监督管理委员会同意注册批复，批复于2025年12月29日签 发，有效期12个月。 根据公告，本次定增拟发行股票数量不超过2.19亿股，不超过发行前公司总股本的30%，募集资金总额不超过11亿元，净额将全部投入高性能巨型工程子 午胎扩能增效项目。该项目总投资14.64亿元，达产后预计新增2万条巨型工程子午胎产能，年新增销售收入约15.63亿元。 据悉，风神巨胎扩建项目，首条45/65R45规格AL516巨型装载机轮胎于2025年9月17日正式下线。 同时，募资到位后将优化公司资本结构，降低财务成本，为技术升级和市场拓展提供资金支撑，助力风神轮胎在工程胎细分领域的领先优势。 2025年12月31日，风神轮胎股份有限公司发布公告，公司向特定对象发行股票申请已获中国证券监督管理委员会同意注册批复，批复于2025年12月29日签 发，有效期12个月。 根据公告，本次定增拟发行股票数量不超过2.19亿股，不超过发行前公司总股本的30%，募集资金总额不超过11亿元，净额将全部投入高性能巨型工程子 午胎扩能增效项目。该项目总投资14. ...

南方财经12月18日电，昇兴股份(002752.SZ)12月18日披露定增预案，拟向不超过35名特定投资者发行 不超过2.93亿股A股股票，募集资金总额不超过11.57亿元。募集资金将主要用于越南新建两片罐和食品 罐生产基地项目（拟投入5.4亿元）、四川内江新增两片罐生产线项目（拟投入2.7亿元），其余3.47亿 元用于补充流动资金。 前次募资方面，公司2021年非公开发行募资净额为7.37亿元。不过前次募投项目存在较多变更，其 中"云南曲靖灌装及制罐生产线建设项目"变更金额1.37亿元，最终因市场环境变化终止；"泉州分公司 两片罐制罐生产线技改增线项目"整体变更为安徽和武汉两个新项目。已建成项目效益未达预期，三个 主要项目累计实现效益1462.29万元，远低于承诺的10725.50万元，公司解释原因为项目延期导致产能爬 坡缓慢及市场环境变化。 财务数据显示，公司2025年前三季度经营业绩承受压力。归属于母公司股东的净利润为2.17亿元，扣除 非经常性损益后为1.96亿元。截至2025年9月末，公司资产负债率达57.93%，应收账款账面价值为17.01 亿元，存货账面价值为11.09亿元。公司解释业绩波动主要 ...

证券代码：000962 证券简称：东方钽业 宁夏东方钽业股份有限公司 投资者活动记录表 编号：2025-024 | 上市公司 | 董事长：黄志学；副总经理兼董秘：秦宏武；总法律顾问：王宏；财务负责人： | | --- | --- | | 接待人员 | 李瑞筠；证券事务代表：党丽萍；证券部员工：孙立喆、尚满义 | | 姓名 | | | | 1、参观公司展厅和部分生产车间，介绍公司基本情况。 | | | 2、公司的原材料供应链保障如何？ | | | 答：公司实际控制人中国有色矿业集团有限公司旗下中色经贸有限公司完 | | | 成了巴西 Taboca（塔博卡矿业公司）的约束性股权收购事项。塔博卡矿业公 | | | 司拥有一座在产的锡钽铌多金属矿山、锡冶炼厂、钽铌铁合金冶炼厂和一座为 | | | 矿山供电的 UHE 水电站等资产；其中，锡钽铌多金属矿山和钽铌铁合金冶炼 | | | 厂位于巴西亚马逊州。2025 年 4 月，公司已与塔博卡矿业公司公司签署了《铁 | | | 钽铌合金采购合同》，拟采购约 3000 吨铁铌钽合金原材料，采购金额预计为 | | | 5.4 亿元人民币，为钽铌矿石原料供应链的稳定可控提供有力保 ...

近日，卫光生物再次启动非公开发行计划，拟募资不超过15亿元，其中12亿元投向年处理1200吨血浆的 智能产业基地项目。然而，在行业竞争加剧、公司业绩持续下滑的背景下，这一大规模扩产计划背后的 风险逐渐浮现。 根据定增方案，卫光生物计划新建的智能工厂设计年处理血浆能力达1200吨。然而，公司目前仅有9家 单采血浆站，即使通过提升献浆频次、拓展献浆员，预计到2033年采浆量才能达到1180吨。这意味着项 目达产后，公司浆源仍存在约700吨的缺口。 产能与浆源的巨大鸿沟 更严峻的是，新建浆站审批日益趋严，公司还需推进8个新设浆站的审批并寻找并购标的，浆源拓展难 度不容小觑。而在产能建设方面，项目总投资高达23.08亿元，建设周期长达4.5年，即使定增成功募集 12亿元，仍有超11亿元的资金缺口需自筹。截至2025年三季度末，公司货币资金余额不足8000万元，资 金压力巨大。 产销倒挂与行业红海竞争 2024年，卫光生物已显现产能消化难题。当年公司血液制品产量同比增长24.72%，销量却同比下降 5.42%，库存量同比激增超70%，达到226.51万瓶。产销倒挂现象直接反映市场需求与公司扩张步伐之 间的错配。 与此同 ...

Core Viewpoint - Meilixin (301307.SZ) announced a plan to issue A-shares to specific targets in 2025, aiming to raise no more than 1.2 billion yuan for various projects and working capital [1] Financial Summary - The company reported a net loss of 164 million yuan for 2024, with a loss of 215 million yuan in the first three quarters of 2025 [1] - The asset-liability ratio increased from 42.65% at the end of 2023 to 62.19% by the end of September 2025, indicating rising debt pressure [1] - The gross profit margin declined from 17.28% in 2022 to 4.98% in the first three quarters of 2025 [1] Fund Allocation - Of the total funds raised, 500 million yuan will be allocated to the semiconductor equipment precision structural components project [1] - Another 500 million yuan will be invested in the industrialization of communication and automotive parts for die-casting [1] - 200 million yuan will be used to supplement working capital [1]

Group 1 - The company has been actively communicating with investors since the release of its semi-annual report on August 25, with a total of 103 institutional meetings held by September 16, indicating strong investor interest in its performance and future plans [1] - The company plans to raise 1.2 billion yuan through a private placement, with significant support from its actual controller, China Nonferrous Metal Group, and its controlling shareholder, China Nonferrous East Group, which together account for about half of the total funds raised [2] - The company has signed a procurement contract with Taboca for approximately 3,000 tons of iron niobium tantalum alloy raw materials, with an estimated procurement amount of 540 million yuan, enhancing its supply chain autonomy [2] Group 2 - In the first half of 2025, the company achieved operating revenue of 797 million yuan, a year-on-year increase of 34.45%, and a net profit attributable to shareholders of 145 million yuan, up 29.08% year-on-year, driven by strong demand in downstream markets [3] - The high-temperature alloy market has seen rapid growth due to increased demand from gas turbines, aerospace engines, and automotive turbochargers, contributing to the company's performance [3] - The semiconductor sector has experienced explosive growth in demand for tantalum target materials and high-purity tantalum ingots, driven by advancements in AI and computing chips, with the company achieving breakthroughs in production technology [3] Group 3 - The tantalum capacitor market is showing signs of recovery due to the resurgence of the consumer electronics market, while the superconducting materials market is also expanding due to advancements in high-tech fields [4] - The company is constructing a new wet metallurgy production line to address outdated equipment and insufficient capacity, which is expected to enhance its production capabilities [4] - The company aims to establish a "three-tier product hierarchy" strategy to ensure supply chain security and competitive advantages, focusing on raw material supply, core products, and future growth points [4]

Company Performance - In the first half of 2025, the company achieved revenue of 550 million yuan, a year-on-year increase of 35.00%, and a net profit attributable to shareholders of 87.3751 million yuan, a year-on-year increase of 10,587.74% [1] - The increase in performance is attributed to the rise in prices of ordinary E-glass electronic-grade glass fiber cloth and the commencement of mass production and delivery of high-performance low-dielectric cloth and low thermal expansion coefficient electronic cloth [1] Industry Position - The company is one of the few manufacturers globally capable of producing ultra-thin electronic cloth, breaking the international monopoly and reducing domestic reliance on imported products [2] - Electronic cloth is a crucial material for producing copper-clad laminate (CCL), which is essential for printed circuit boards (PCBs) [2] - The electronic cloth industry exhibits significant cyclical characteristics, with market demand fluctuating greatly [2] Competitive Landscape - Despite having a technological advantage in the high-end electronic cloth sector, the company faces intense competition from domestic and international rivals [2] - The global electronic cloth production is mainly concentrated in Japan, Taiwan, and mainland China, creating a tripartite competitive structure [2] Fundraising and Expansion Plans - The company plans to raise up to 994.6064 million yuan through a private placement to expand high-performance glass fiber yarn production capacity and enhance R&D capabilities [3] - A significant portion of the raised funds, 72.4%, is allocated for the construction of high-performance glass fiber yarn production lines, indicating a focus on capacity expansion rather than technological innovation [4] Profitability Concerns - The company's recent profit surge is likely due to a low base from the previous year, raising questions about the sustainability of future growth [5] - Despite a return to profitability in 2024, the net profit was only 22.8 million yuan, and the gross margin remains at a low level, indicating potential operational pressures from large-scale capacity expansion [3][4]

Core Viewpoint - Benchuan Intelligent plans to issue convertible bonds to raise up to 490 million yuan for expanding production capacity and optimizing industrial layout [2][6]. Group 1: Fundraising and Investment Plans - The company intends to issue convertible bonds with a six-year term and a face value of 100 yuan each, which has been accepted by the Shenzhen Stock Exchange [2]. - The raised funds will primarily be used for the construction of two production bases: a 300,000 square meter intelligent circuit product production project in Zhuhai and a printed circuit board production base in Thailand, with the remaining funds allocated for working capital [2][7][8]. - The two investment projects are expected to add a combined annual production capacity of 550,000 square meters, addressing the capacity bottleneck amid increasing orders [9]. Group 2: Financial Performance - In 2023, the company faced a downturn due to declining downstream market demand and rising raw material prices, resulting in a net loss of 6.7393 million yuan after excluding non-recurring gains and losses [4]. - The company anticipates a recovery in 2024, projecting a net profit of 16.9704 million yuan after excluding non-recurring items, marking a turnaround from the previous year's losses [4]. Group 3: Previous Investment Performance - The company's previous IPO fundraising project, aimed at expanding production capacity, has raised concerns as it underperformed expectations, achieving only 12.2741 million yuan and 16.7426 million yuan in 2023 and 2024, respectively, compared to the feasibility study's projections [10]. - The company attributes this underperformance to a prolonged capacity ramp-up period, rising fixed costs, industry downturns, and declining product prices, indicating a cautious approach to market changes [10].

Core Viewpoint - Jiangsu Benchuan Intelligent Circuit Technology Co., Ltd. plans to issue convertible bonds to raise up to 490 million yuan for production base construction and working capital [1] Group 1: Fundraising and Projects - The company intends to use the raised funds primarily for two production bases: a 300,000 square meter intelligent circuit product production project in Zhuhai and a PCB production base in Thailand [1][4] - The total new annual production capacity from these projects is expected to reach 550,000 square meters, addressing capacity bottlenecks amid increasing orders [5] Group 2: Financial Performance - The company experienced significant financial volatility, with a net profit of -6.7393 million yuan in 2023 due to declining market demand and rising raw material costs [1] - In 2024, the company is projected to recover, achieving a net profit of 16.9704 million yuan, marking a turnaround [1] Group 3: Previous Investment Performance - The company's previous IPO fundraising project, aimed at expanding production capacity, has underperformed, generating only 12.2741 million yuan and 16.7426 million yuan in 2023 and 2024, respectively, below expected returns [6] - The company has acknowledged risks associated with the new fundraising projects, including potential underperformance and capacity absorption challenges [6]