AT&M(SZ:000969)2022-12-08 01:24Company Overview - Antai Technology is recognized as a high-tech enterprise by the Ministry of Science and Technology and the Chinese Academy of Sciences [2] - The company is primarily engaged in the research, production, and sales of advanced metal materials and products, positioning itself as a leader in the domestic new materials industry [3] 2015 Performance Highlights - In the first three quarters of 2015, the company achieved operating revenue of CNY 284,595.50 million and a net profit attributable to shareholders of CNY 8,426.04 million, marking a significant turnaround [4] - The year 2015 is pivotal for the company, focusing on structural adjustments and transformation upgrades amidst operational challenges [3] Strategic Initiatives - The company plans to invest CNY 1.036 billion to acquire 100% equity of Beijing Tianlong Tungsten Molybdenum Technology Co., Ltd., integrating its refractory materials business [4] - A total of CNY 341.96 million is expected to be raised through a private placement to support this acquisition, with the amount not exceeding 25% of the total transaction value [5] Regulatory Developments - On September 25, 2015, the company applied for an anti-dumping investigation against imported iron-based amorphous alloy strips from Japan and the USA, with the investigation period set from July 1, 2014, to June 30, 2015 [6][7] Business Expansion - The company is expanding its magnetic materials and products business, particularly in the NdFeB sector, which is crucial for high-end markets such as computers and electric vehicles [7] - A new project aims to increase production capacity by 500 tons for high-performance rare earth permanent magnet products [6] Environmental Initiatives - Antai Technology is establishing a subsidiary focused on energy-saving and environmental protection, integrating existing advanced metal porous filtering materials and engineering technology [8][9] - The company plans to invest approximately CNY 170.18 million to set up this subsidiary and acquire 100% equity of Ningbo Chemical Research Design Institute [9] R&D Collaborations - The company is collaborating with Shaanxi Weinan High-tech Zone on 3D printing and new materials, establishing a joint research center for metal powder technology [10] - This partnership aims to leverage external resources for innovation in technology incubation and market development [10]