Core Viewpoint - Antai Technology has completed a capital increase in Hefei Steel Research Rare Earth Permanent Magnet Materials Research Institute, enhancing its position in the rare earth permanent magnet materials sector and gaining priority in technology transformation [2]. Group 1: Investment and Capital Increase - Antai Technology announced a capital increase of 3 million yuan in Hefei Steel Research, raising its registered capital from 2 million yuan to 5 million yuan [2]. - Antai Technology contributed 500,000 yuan for a 10% stake, while Steel Research Institute contributed 2.5 million yuan for a 50% stake [2]. Group 2: Business Overview - Antai Technology was established on December 30, 1998, with a registered capital of 1,050.79 million yuan, focusing on high-end powder metallurgy materials, advanced functional materials, high-speed tool steel, and environmental engineering materials [2]. - The company has 22 subsidiaries, including Antai Tianlong Tungsten Molybdenum Technology Co., Ltd. and Antai Amorphous Technology Co., Ltd. [3]. Group 3: Financial Performance - Antai Technology's revenue for 2022, 2023, 2024, and the first three quarters of 2025 were 7.406 billion yuan, 8.187 billion yuan, 7.573 billion yuan, and 5.818 billion yuan, with year-on-year growth rates of 17.05%, 10.55%, -7.50%, and -0.60% respectively [3]. - The net profit attributable to shareholders for the same periods were 211 million yuan, 249 million yuan, 372 million yuan, and 282 million yuan, with year-on-year growth rates of 21.97%, 18.19%, 49.26%, and -17.19% respectively [3]. - The company's asset-liability ratios for the same periods were 42.62%, 41.33%, 42.68%, and 44.00% [3].