Securities Code: 002167 Securities Abbreviation: Orient Zirconic Announcement No.: 2026-031
Guangdong Orient Zirconic Ind Sci & Tech Co., Ltd. Guangdong Orient Zirconic Ind Sci & Tech Co., Ltd. (Registered Address: Comprehensive Building, Orient Zirconic Park, North Dingyang Road, Yanhong Town, Chenghai District, Shantou City, Guangdong Province)
[Image: Orient Zirconic logo]
Orient Zirconic
2026 Annual Plan for Private Placement of A-Shares to Specific Objects Analysis Report
May 2026 1
Guangdong Orient Zirconic Ind Sci & Tech Co., Ltd. (hereinafter referred to as "Orient Zirconic" or "the Company") is a listed company on the main board of the Shenzhen Stock Exchange. To meet the capital needs for the Company's business development, expand its operating scale, and further enhance its capital strength and profitability, in accordance with the Company Law, Securities Law, and the Administrative Measures for Registration of Issuance of Securities by Listed Companies, and other relevant laws, regulations, and normative documents, the Company plans to raise funds not exceeding RMB 1,170 million (inclusive) through a private placement of A-shares to specific objects. The Company has compiled this analysis report on the justification of the plan for private placement of A-shares to specific objects.
Unless otherwise specified, the terms used in this report have the same meaning as in the "Guangdong Orient Zirconic Ind Sci & Tech Co., Ltd. 2026 Plan for Private Placement of A-Shares to Specific Objects".
I. Background and Objectives of the Private Placement to Specific Objects
(I) Background of the Private Placement to Specific Objects
- Strong National Policy Support Provides a Favorable External Environment for the Zirconium Industry
The "Outline of the 14th Five-Year Plan for National Economic and Social Development of the People's Republic of China" proposes to accelerate the development of strategic emerging industries such as new-generation information technology, new energy, new materials, intelligent connected new energy vehicles, robots, biomedicine, and high-end equipment, and aerospace. It also calls for the establishment of strategic emerging industry clusters with distinctive features and complementary advantages, focusing on building a group of emerging pillar industries with great growth potential, high technological content, and broad application scope. It explicitly states the need to accelerate the improvement of basic capabilities and competitiveness in key materials such as advanced ceramics in the high-end new materials sector, providing top-level strategic guidance for this project. The "Catalogue of Industries for Adjustment and Revitalization (2024 Edition)" issued by the National Development and Reform Commission explicitly lists high-end zirconium products such as nuclear-grade sponge zirconium and zirconium materials as encouraged industries. Furthermore, the "Catalogue of First Batch Applications of Key New Materials (2024 Edition)" implemented by the Ministry of Industry and Information Technology in January 2024 includes nuclear-grade zirconium materials and other key products.
Zirconium and zirconium-based materials are key industries strongly supported by national policies. Zirconium and zirconium-based materials have evolved from traditional industrial auxiliaries to strategic core materials supporting new energy, high-end manufacturing, and national defense and military industries. National policy support provides a favorable external environment for the industry's development, further promoting its rapid growth.
- Expansion of Demand in Emerging Fields Opens Up Market Incremental Space
(1) Stable Demand in Traditional Fields Coupled with Penetration in Emerging Fields Drives Steady Expansion of Chloroxidized Zirconium Market Capacity
Chloroxidized zirconium is a key intermediate for the production of various zirconium chemicals and metallic zirconium. Its demand is driven by a dual-engine pattern of "stable demand in traditional applications and incremental demand from emerging fields." According to data from the U.S. Geological Survey (USGS) "Mineral Commodity Summaries 2026," global zircon sand production in 2025 is expected to be approximately 1.2 million tons (calculated as ZrO2). About 70% of this is converted into various zirconium chemical products, with chloroxidized zirconium being a major basic raw material with a significant market share.