Zhongcai Technology Plans To Raise No More Than 4.481 Billion Yuan For Special Fiber Project And Others

On September 29, China National Materials Technology (stock code: 002080) announced a plan for a private placement of A-shares for the year 2025. The purpose of this issuance is to seize development opportunities in the special fiber industry, enhance the company's overall competitiveness, and optimize its capital structure. The issuance targets no more than 35 specific entities, including Zhonglian Investment, with a total fundraising amount not exceeding 448.1 million yuan.

On September 29, China National Materials Co., Ltd. (stock code: 002080) released a plan for a private placement of A-shares for the year 2025. This issuance aims to seize opportunities in the development of the specialty fiber industry, enhance the company's overall competitiveness, and optimize the capital structure. The issuance targets include no more than 35 specific entities, including Zhonglian Investment, with a total fundraising amount not exceeding 4,481.1492 million yuan. The funds are intended for projects such as the annual production of 35 million meters of low dielectric fiber cloth, the annual production of 24 million meters of ultra-low-loss low dielectric fiber cloth, repayment of specific state-allocated funds payable, and replenishment of working capital.

This issuance will not result in a change of the company's control and is in line with national industrial policies and the company's development strategy.

According to Tianyancha data, China National Materials Technology Corporation was established on December 28, 2001, with a registered capital of 1,678,123,584 RMB. The legal representative is Huang Zaiman, and the registered address is No. 99 Tongtian Road, Jiangning Science Park, Nanjing, Jiangsu Province. The main business includes three leading industries: fiberglass and products, wind turbine blades, and lithium battery separators, while also engaging in the research, development, manufacturing, and sales of high-pressure composite gas cylinders, membrane materials, and other composite material products.

Currently, the chairman of the company is Huang Zaiman, the secretary of the board is Wei Sicheng, the number of employees is 19,955, and the actual controller is China National Building Material Group Corporation.

The company has invested in 21 associated companies, including Taishan Fiberglass Co., Ltd., Nanjing Fiberglass Research & Design Institute Co., Ltd., Suzhou Sinoma Non-metallic Minerals Industrial Design and Research Institute Co., Ltd., Beijing FRP Research & Design Institute Co., Ltd., and Beijing Green Energy New Material Technology Co., Ltd., among others.

In terms of performance, the company's operating revenues for 2024 and Q2 2025 are 23.984 billion yuan, 5.506 billion yuan, and 13.331 billion yuan, with year-on-year growth rates of -7.37%, 24.26%, and 26.48%, respectively. The net profit attributable to the parent company is 892 million yuan, 362 million yuan, and 999 million yuan, with year-on-year growth rates of -59.89%, 68.34%, and 114.92%, respectively. During the same period, the company's asset-liability ratios are 55.34%, 55.49%, and 56.30%.

In terms of risks, Tianyancha information shows that the company has 1,382 Tianyan risks, 376 surrounding Tianyan risks, 304 historical Tianyan risks, and 261 warning Tianyan risks.