On the evening of November 6, the Shanghai Stock Exchange website updated its disclosure of Yuding Additive's prospectus, with the review status listed as "Inquiry" (accepted on June 23, 2026, and entering inquiry on July 3). The company plans to issue 9.314 million shares (25% of total share capital after issuance) and to raise RMB 1.802 billion, with Guosen Securities as the sponsor. The proceeds will fund five projects: RMB 440 million for expansion of laser metal deposition (LMD) additive manufacturing of aerospace titanium alloy components, RMB 398 million for expansion of laser powder bed fusion (LPBF) additive manufacturing, RMB 360 million for industrialization of high-efficiency deposition additive manufacturing of ultra-large-specification materials, RMB 404 million for an additive manufacturing analysis and testing center and headquarters base, and RMB 200 million for working capital. In the first half of 2026, operating revenue was approximately RMB 180 million and net profit attributable to the parent company was RMB 18.2145 million. Yuding Additive is an enterprise running three parallel businesses: CNC machining equipment, special processing services, and metal additive manufacturing. Its push toward the STAR Market has advanced another step. The direction of the fundraising confirms that dual-process expansion of LMD and LPBF for aerospace titanium alloy components is a main industry theme, and deposition manufacturing capacity for large titanium alloy components will directly amplify procurement demand for superalloy and titanium alloy powders and large metal printing equipment. Value for buyers: The dual-process LMD and LPBF expansion corresponds to medium- and long-term incremental demand for aerospace titanium alloy and superalloy powders and large metal printing equipment. Progress on the inquiry and the pace of fundraising project implementation can be tracked.