Recently, Baoti Co., Ltd. issued an announcement stating that the company plans to change the "Scientific Research Pilot Platform" sub-project of the fundraising project "Testing, Inspection Center and Scientific Research Pilot Platform Construction Project", and invest the unused remaining raised funds of 44.2415 million yuan from the project. The changes were made. The raised funds after the change were used for the "Titanium Alloy 3D Printing Pilot Production Line Construction Project", with a total investment of 56.572 million yuan in project construction.
The company believes that the "Titanium Alloy 3D Printing Pilot Production Line Construction Project" has good market prospects and economic benefits, is in line with the development policies and plans of the national and local titanium and titanium alloy industries, is conducive to promoting the upgrading of the titanium industry and improving the company's titanium processing Material product types enhance the competitiveness of enterprises. In recent years, the metal 3D printing industry has developed rapidly. Spherical powder production and printing equipment have been domestically produced. The cost of titanium alloy spherical powder raw materials and printing equipment in the field of 3D printing has been greatly reduced. Some complex and difficult to form parts have achieved breakthroughs in design. 3D printing has been used in aerospace. The market in aerospace and 3C consumer electronics has grown rapidly and continues to expand into the titanium alloy casting and forging products market. As the largest company engaged in titanium alloy processing and manufacturing in China, the company has complete titanium alloy production and processing capabilities. If it does not make the necessary market layout in the emerging market field of 3D printing, it will have a certain impact on the company's industry status. Through the implementation of new projects, it can effectively fill the company's gaps in the industry, further improve the company's industrial chain layout, and consolidate the product market, which is of great significance to achieving the company's strategic goal of being a world-class titanium company.
