Stock Abbreviation: Beijing Lirr
Stock Code: 002392
Beijing Lirr High-temperature Materials Co., Ltd.
(Building 4, Xiaotangshan Industrial Park, Xiaotangshan Town, Changping District, Beijing)
2026 Prospectus for Issuance of A-Shares to Specific Targets
(Draft for Declaration)
Sponsor (Lead Underwriter): Ping An Securities
(Floors 22-25, Block B, Ping An Financial Center, 5023 Yitian Road, Futian District, Shenzhen)
June 2026
Statement
The Company and all directors, members of the audit committee, and senior management warrant that this prospectus and other information disclosure materials do not contain any false records, misleading statements, or major omissions, and assume corresponding legal responsibility for their authenticity, accuracy, and completeness.
The person in charge of the Company, the person in charge of accounting work, and the person in charge of the accounting department guarantee the authenticity and completeness of the financial accounting data in this prospectus.
Any decision or opinion made by the China Securities Regulatory Commission or the Shenzhen Stock Exchange regarding this issuance does not indicate their guarantee of the authenticity, accuracy, or completeness of the application documents and disclosed information, nor does it constitute a substantive judgment or guarantee of the issuer's profitability, investment value, or investor returns. Any statement to the contrary is a false and untrue representation.
According to the Securities Law, after the securities are issued in accordance with the law, the issuer is responsible for changes in its operations and earnings. Investors shall independently judge the investment value of the issuer, make their own investment decisions, and bear the investment risks arising from changes in the issuer's operations and earnings or fluctuations in securities prices after the issuance.
Significant Matters Notice
The Company specifically reminds investors to pay full attention to the following significant matters and to carefully read the risk factors section of this prospectus.
- Risk of Operating Income Primarily Derived from the Steel Industry
The Company's products are mainly applied in the steel industry. Over the past three years, sales revenue from the steel industry has accounted for an average of over 80% of the Company's total revenue. Therefore, the prosperity of the steel industry has a significant impact on the Company's operating performance, affecting both the collection speed of accounts receivable and the Company's business growth and profitability. If the steel industry experiences a downturn, the negative impact on the Company's operations will gradually emerge, posing a risk of declining performance due to falling revenue and gross profit margins.
- Risk of Digesting New Capacity from Fund-Raising Investment Projects
Upon completion of the fund-raising investment projects, the Company will add an annual production capacity of 30,000 tons of composite zirconia and zirconium-based materials for new energy and aerospace, and increase overseas refractory production capacity through the Vietnam Refractory Production Base construction project. If, after the projects are put into operation, the Company encounters a slowdown in downstream market growth, intensified industry competition, major technological substitution, shifts in customer demand preferences, failure to meet customer development expectations, or other major adverse changes, there is a risk that the new capacity cannot be fully digested.
- Risk of Product Verification and Market Development Falling Short of Expectations
The products of the 30,000-ton composite zirconia and zirconium-based materials project are new products for the Company. While the Company possesses technical strength and customer accumulation in related fields, if the Company fails to pass downstream customer verification in a timely manner, or if the certification cycle is extended or the introduction progress falls short of expectations, the Company's order acquisition and new capacity digestion may be lower than expected, potentially impacting the profitability of the investment projects.
- Risks Related to the Acquisition of Lianchuang Lithium Energy