2004年，贵州青年何显平从贵州工业大学材料学专业（现贵州大学化学与化工学院）硕士研究生毕业，南下佛山，成为一名材料研发工程师，还落户在这座 制造业名城。但命运的齿轮在八年后转动，他带着在广东积累的先进技术与管理经验，重返贵州。 2018年，已在贵州省遵义金兰（集团）伟明铝业有限公司历练数年的何显平，敏锐洞察到水城经济开发区的重大机遇。双元铝业的电解铝资源、当地"千企 改造"与延链补链的招商政策，以及粤黔协作机制的强力推动，让他毅然决定扎根水城创业。 何显平（左一）与团队讨论生产事宜。 面对未来，何显平期待进一步降低用电成本、强化产业链精准招商，吸引更多精深加工企业形成"隔墙供应"，将更多附加值留在六盘水。 何显平（左二）与团队讨论生产事宜。 "贵州有资源、有政策，广东有市场、有技术和管理标准。"回顾企业7年间从1400万元到28.8亿元营收的205倍飞跃，何显平认为成功来自"两地优势的完美 结合"。广东的高标准和质量要求，倒逼企业不断提升；六盘水"铝水不出园"的高效协作模式为企业扩产注入强大信心。 如今，他执掌的莹月帆集团已成为水城铝产业集群中的标杆企业，2023年荣获粤黔协作"万企兴万村"行动先进民营企业 ...

Group 1 - The State Intellectual Property Office of China has published a patent application for a new aluminum alloy ingot and its preparation method, filed by three companies: China Aluminum Materials Application Research Institute Co., Ltd., Chongqing Guochuang Light Alloy Research Institute Co., Ltd., and Chongqing Dao Metallurgical Technology Co., Ltd. [1] - The patent describes an aluminum alloy ingot with specific composition percentages, including Mg 4.30%-5.20%, Mn 0.40%-0.60%, La 0.05%-0.15%, and others, which contributes to its mechanical properties and processing performance [1]. - The average grain size of the aluminum alloy ingot is specified to be ≤90μm, with intermetallic compound sizes also detailed, indicating a focus on quality and yield in the production of aluminum alloy plate materials [1]. Group 2 - China Aluminum Materials Application Research Institute Co., Ltd. was established in 2017 in Beijing, with a registered capital of 70 million RMB, and has participated in 118 bidding projects and holds 492 patents [2]. - Chongqing Guochuang Light Alloy Research Institute Co., Ltd. was founded in 2021 in Chongqing, with a registered capital of 120 million RMB, participating in 84 bidding projects and holding 66 patents [2]. - Chongqing Dao Metallurgical Technology Co., Ltd. was established in 2023 in Chongqing, with a registered capital of 10 million RMB, and has participated in 1 bidding project [2].

Core Viewpoint - The company, Shunbo Alloy, plans to issue A-shares to specific investors to raise up to 600 million RMB for the construction of two aluminum alloy projects, which are expected to enhance production capacity and meet market demand [1][2]. Group 1: Share Issuance Details - The share issuance will target no more than 35 specific investors, including qualified institutional investors and individuals [1]. - The maximum number of shares to be issued is 100 million, accounting for 14.94% of the company's total share capital as of June 30, 2025 [1]. - The pricing for the shares will be set at no less than 80% of the average trading price over the 20 trading days prior to the issuance [1]. Group 2: Fund Utilization - The total amount to be raised from this issuance is capped at 60 million RMB, which will be allocated to two projects: a 630,000-ton low-carbon aluminum alloy ingot project and a 500,000-ton green high-performance aluminum plate project [2][4]. - The aluminum alloy ingot project is designed to support the aluminum plate project by providing necessary raw materials [2]. Group 3: Historical Fundraising and Performance - The company previously issued convertible bonds totaling 830 million RMB, with a net amount of approximately 818.95 million RMB after expenses [5]. - The company has a history of fundraising, with a total of approximately 1.876 billion RMB raised across three fundraising events [7]. - For the first half of 2025, the company expects a net profit attributable to shareholders of between 150 million and 190 million RMB, representing a year-on-year growth of 78.81% to 126.49% [8].

Core Viewpoint - The report provides a verification of the use of previously raised funds by Chongqing Shunbo Aluminum Alloy Co., Ltd., confirming that the funds have been utilized in accordance with the regulations set by the China Securities Regulatory Commission [2][6]. Fundraising and Storage Situation - The company raised a net amount of RMB 413,079,107.54 from its initial public offering on August 19, 2020, after deducting issuance costs of RMB 32,650,892.46 [3]. - As of June 30, 2025, the company has used all the raised funds, and the special account for these funds has been closed [3][10]. Actual Use of Funds - The report details the actual use of funds from the initial public offering, convertible bonds, and private placements, with specific amounts allocated to various projects [6][11]. - The total amount raised from the issuance of convertible bonds was RMB 818,950,877.36, after deducting issuance costs [3]. Changes in Fund Use - There have been no changes in the use of funds from the initial public offering, convertible bonds, or private placements as of June 30, 2025 [6]. Investment Project Transfer and Replacement - The company has replaced RMB 14,160.91 million of its own funds that were initially invested in projects with the raised funds, confirming the replacement through verification reports [6][7]. Effectiveness of Investment Projects - The effectiveness of investment projects funded by the raised capital is detailed in the report, showing varying degrees of success in achieving expected benefits [11][12]. Idle Fund Usage - The company temporarily supplemented working capital with idle funds amounting to RMB 25,175,300, which was fully returned to the special account within the stipulated time [9][10]. - Over RMB 440 million of idle funds were used to purchase low-risk financial products, generating a total return of RMB 208.05 million [10]. Remaining Funds and Usage - As of June 30, 2025, the company has fully utilized the previously raised funds, with a remaining balance of RMB 13,140,852.11 in the special account, which is earmarked for future project payments [10][12].

Core Viewpoint - The company, Chongqing Shunbo Aluminum Alloy Co., Ltd., plans to issue A-shares to specific investors to meet funding needs for business development and enhance capital strength and profitability [1][2]. Group 1: Background and Purpose of the Issuance - The issuance is in response to national policies promoting the recycling of resources and the development of a circular economy, particularly in the aluminum industry [1][2]. - The company aims to raise up to 600 million yuan to fill a funding gap for projects including a 630,000-ton aluminum alloy ingot project and a 500,000-ton aluminum plate and strip project [2][3]. Group 2: Necessity of the Securities Issuance - The issuance will involve domestic RMB ordinary shares (A-shares) with a face value of 1.00 yuan each [3]. - The previous fundraising was reduced from 1.5 billion yuan to 600 million yuan due to market conditions, necessitating this new issuance to complete the required investments [2][3]. Group 3: Selection of Issuance Objects - The issuance will target up to 35 specific investors, including qualified institutional investors and other legal entities [4][5]. - All investors will subscribe to the shares in cash, ensuring compliance with regulatory requirements [5]. Group 4: Pricing Principles and Methods - The pricing will be based on the average trading price of the company's shares over the 20 trading days prior to the issuance date, set at no less than 80% of that average [6][7]. - The final pricing will be determined by the board of directors in consultation with the lead underwriter after regulatory approval [6][7]. Group 5: Feasibility of the Issuance Method - The issuance complies with relevant laws, including the Company Law and Securities Law, ensuring that all shares have equal rights [8][9]. - The issuance process has been approved by the company's board and supervisory board, and will be subject to shareholder approval and regulatory review [12][13]. Group 6: Fairness and Reasonableness of the Issuance Plan - The issuance plan has been reviewed and approved by independent directors and the board, ensuring it aligns with shareholder interests [12][13]. - The company commits to transparency by disclosing the issuance details to shareholders, safeguarding their rights [12][13]. Group 7: Impact on Shareholder Rights and Measures to Mitigate Dilution - The issuance may dilute existing shareholders' immediate returns, but the company plans to enhance capital strength and market competitiveness to mitigate this effect [13][14]. - Measures include expanding market reach and increasing product development to improve profitability and shareholder returns [13][14]. Group 8: Commitment to Regulatory Compliance and Governance - The company has established a robust governance structure and internal controls to ensure compliance with laws and protect shareholder interests [15][16]. - Commitments from major stakeholders to uphold shareholder rights and ensure the effectiveness of measures to mitigate dilution risks have been made [16]. Conclusion - The planned issuance of A-shares is deemed necessary and feasible, aligning with the company's strategic goals and benefiting shareholders [17].

Group 1 - The company plans to raise up to 150 million yuan by issuing A-shares to enhance its core competitiveness and profitability, focusing on two main projects: a 630,000-ton low-carbon aluminum alloy ingot project and a 500,000-ton green high-performance aluminum plate project [1][4][9] - The total investment for the aluminum alloy ingot project is estimated at 78,234,000 yuan, with 20,000,000 yuan from the raised funds, while the aluminum plate project has a total investment of 289,244,000 yuan, with 100,000,000 yuan from the raised funds [1][4] - As of June 30, 2025, the previous fundraising has been fully utilized, with the company having invested 26,314,000 yuan in the ingot project and 38,117,000 yuan in the plate project [1][4][9] Group 2 - The company aims to complete the construction of 200,000 tons of aluminum plates and supporting aluminum alloy ingots by the end of March 2026, with further expansions planned for 2026 and 2027 [3][22] - The aluminum alloy ingot project is designed to have a production capacity of 630,000 tons, while the aluminum plate project is set at 500,000 tons, with both projects expected to achieve an 80% capacity utilization rate [27][30] - The aluminum plate products will primarily serve various industries, including new energy vehicles, packaging, and consumer electronics, indicating a strong market demand [10][12][14] Group 3 - The company has established a comprehensive sales network and plans to enhance its marketing team to support the sales of the new products, leveraging existing customer relationships and expanding market share [32][21] - The aluminum plate products are expected to cater to the growing demand in sectors such as battery casings for electric vehicles and packaging materials, aligning with national policies promoting recycling and sustainability [8][13][16] - The company has a strong procurement strategy for raw materials, primarily using recycled aluminum, which is crucial for controlling production costs in the aluminum alloy ingot project [18][19] Group 4 - The aluminum industry is experiencing growth driven by the demand for lightweight materials in transportation and packaging, with the market for aluminum plates projected to expand significantly [10][12][13] - The company is positioned to benefit from the increasing focus on green and sustainable practices in manufacturing, aligning with national strategies for carbon reduction and resource recycling [9][13][14] - The overall market for aluminum products is expected to grow due to the rising demand in various sectors, including construction, automotive, and electronics, providing a favorable environment for the company's expansion plans [11][12][13]