TECHSEM(SZ:300046) Zheng Quan Zhi Xing·2025-04-02 11:33Core Viewpoint - The report provides a comprehensive overview of Hubei Taiji Semiconductor Co., Ltd.'s fundraising activities, detailing the management and utilization of raised funds in accordance with regulatory requirements, confirming that the funds have been used appropriately and effectively [1][2][3]. Fundraising Overview - The company raised a total of RMB 619.5 million through its initial public offering (IPO) in 2010, with a net amount of RMB 588.05 million after deducting underwriting fees and other expenses [3][4]. - As of December 31, 2024, the company has cumulatively invested RMB 727.28 million from the raised funds into various projects [4][5]. Fund Management - The company has established a dedicated management system for the raised funds, ensuring they are stored in special accounts and used strictly for designated purposes [5][6]. - The company has opened special accounts at several banks and has implemented a three-party supervision agreement to ensure compliance with fund usage regulations [5][6]. Fund Utilization - The company has utilized RMB 7.06 million of the raised funds in the current year, with a total cumulative investment of RMB 72.73 million in various projects [8][9]. - The company has also generated interest income of RMB 139.23 million from the raised funds as of December 31, 2024 [4][9]. Changes in Fund Projects - The company has focused on its core business of power semiconductors, resulting in the transfer of 88% of its stake in Beijing Bian Spring Film and Television Co., Ltd. in 2021, with the remaining funds being permanently allocated to working capital [8][10]. - There have been no significant changes in the location or method of implementation for the fundraising projects during the reporting period [10]. Compliance and Reporting - The company has ensured that all disclosures regarding the storage and usage of raised funds are timely, truthful, accurate, and complete, adhering to regulatory requirements [9][10].