Core Viewpoint - The company, Haomei New Materials, plans to raise up to 1.897 billion yuan through a private placement to expand its production capacity for lightweight aluminum profiles and components in East and South China, enhance its R&D capabilities, and improve its operational efficiency in response to the growing demand in the automotive lightweight sector [1][2]. Group 1: Company Strategy and Expansion - The company aims to build production bases in East China to meet the local supply needs of automotive manufacturers, thereby reducing logistics costs and enhancing supply chain resilience [1][2]. - The expansion will include the development of a full-process production capability covering casting, extrusion, precision machining, and assembly, which aligns with the trend of localized supply chains in the automotive industry [1][2]. - The company is also focusing on increasing automation in precision processing to enhance product value and achieve a strategic goal of simultaneous growth in volume and price [2]. Group 2: Financial Performance and R&D Investment - For the first three quarters of 2025, the company reported total revenue of 5.582 billion yuan, a year-on-year increase of 15.40%, while net profit decreased by 16.68% to 143 million yuan [3]. - The company has increased its R&D expenditure to over 180 million yuan, reflecting a year-on-year growth of 21.28%, indicating a strong commitment to innovation in the lightweight automotive sector [3]. - The company is actively pursuing opportunities in emerging markets, including establishing a joint venture in Morocco to supply components for the European and North African markets [3].