According to the Zhitong Finance APP, Ningbo Yunsheng (600366.SH) announced that the company raised a total of RMB 1,045 million through a non-public offering of A-shares in 2022, which will be used to invest in the "Baotou Yunsheng Technology Development Co., Ltd. annual production of 15,000 tons of high-performance rare earth permanent magnet materials intelligent manufacturing project." On April 29, 2024, the company held the 32nd meeting of the 10th Board of Directors and the 24th meeting of the 10th Supervisory Board to review and approve the "Proposal on the Extension of Fundraising Investment Projects," adjusting the scheduled availability time for the fundraising investment projects, with 5,000 tons of capacity expected to be completed and put into production by June 2025. Currently, the production workshop corresponding to the 5,000 tons of capacity has completed equipment installation, debugging, and trial production, and is now officially in operation.

The partial completion and production of the above project will effectively enhance the company's capacity, further promote the transformation of the company's advantages in technology and quality into product advantages on a large scale, facilitate the increase of market share, and strengthen the company's profitability and overall competitiveness, which has positive significance for consolidating the company's market position in the industry