Core Viewpoint - Dongfang Tantalum Industry plans to raise up to 1.2 billion yuan through a private placement to enhance production capacity and supplement working capital, reflecting strong support from major shareholders for national strategic resource security and supply chain stability [1][4]. Group 1: Fundraising and Investment Projects - The fundraising will focus on three main projects with a total investment of 1.374 billion yuan, including a wet metallurgy digital factory, a pyrometallurgy smelting production line upgrade, and a high-end product production line [2][3]. - The wet metallurgy project aims to produce various key materials, addressing aging equipment and capacity shortages, while the pyrometallurgy project will increase production capacity for niobium and tantalum to meet market demand [2][3]. - The high-end product line will enhance production capacity for tantalum and niobium products, targeting sectors like semiconductors and aerospace [2][3]. Group 2: Market Demand and Industry Position - The demand for tantalum and niobium materials is structurally increasing due to their importance in strategic emerging industries, with significant growth in sectors such as semiconductors and aerospace [5][6]. - Dongfang Tantalum Industry has a comprehensive industry chain and has achieved global leadership in metallurgy technology, with a strong financial performance supporting the new fundraising initiatives [4][6]. Group 3: Economic Benefits and Project Feasibility - The three investment projects are expected to yield favorable economic returns, with post-tax internal rates of return (IRR) of approximately 12.77% for the wet metallurgy project, 11.06% for the pyrometallurgy project, and 12.30% for the high-end product project [3]. - The projects will enhance the company's ability to supply key materials independently, reducing reliance on external sourcing and mitigating supply chain risks [3][4]. Group 4: Shareholder Returns and Market Management - Dongfang Tantalum Industry has implemented a robust shareholder return mechanism, distributing 66.66 million yuan in cash dividends in 2024, which is 31.26% of net profit, marking a record high since its listing [7]. - The company has engaged in extensive investor relations activities, hosting 17 investor meetings in 2025, attracting significant institutional interest [7][8].

| | □特定对象调研 | □分析师会议 | | --- | --- | --- | | 投资者关 | □媒体采访 √ | 业绩说明会 | | 系活动类 | □新闻发布会 | □路演活动 | | 别 | □现场参观 | □电话会议 | | | □其他： （请文字说明其他活动内容） | | | 参与单位 | 公司参加了中国有色矿业集团有限公司所属上市公司 2024年度暨2025年第一季度集 | | | 名称及人 | 体业绩说明会，业绩说明会采用视频和网络相结合的方式进行，面向全体投资者 | | | 员姓名 | | | | 时间 | 2025年5月8日下午15:00-17:30 | | | 地点 | 上海证券报的"中国证券网路演中心"（https://roadshow.cnstock.com/） | | | 公司接待 | 总经理：于明、副总经理兼董事会秘书：秦宏武、财务负责人：李瑞筠 | | | 人员姓名 | | | 1.请问您对钽铌行业未来的发展和市场前景有何看法？ 答：公司始终密切关注国家政策导向和市场发展趋势，并始终坚持以研发 创新为导向，通过持续的研发投入和技术升级，不断提升核心竞争力。近年来 随着半导体 ...