Jiangsu Favored Nanotechnology (SH:688371) Zheng Quan Ri Bao·2025-04-18 22:07Fundraising Overview - The company raised a total of RMB 1,554,914,370.06 through the issuance of 83,868,089 shares at a price of RMB 18.54 per share, with a net amount of RMB 1,436,386,093.00 after deducting issuance costs [1][2]. Fund Utilization - As of December 31, 2024, the company has utilized RMB 1,360,828,300.00 of the raised funds, with RMB 126,393,300.00 used in the 2024 fiscal year, leaving a balance of RMB 43,455,400.00 in the fundraising account [3][4]. - The company approved the use of surplus funds from completed projects to permanently supplement working capital, specifically transferring RMB 53,034,400.00 from the "Headquarters Park Project" [3][16]. Fund Management - The company established a management system for the use of raised funds, ensuring compliance with relevant laws and regulations, and implemented a dedicated account system for fund storage and management [4][6]. - The company has adhered to the three-party supervision agreement for the management of raised funds, ensuring strict approval processes for fund usage [6][19]. Cash Management - The company approved the use of up to RMB 350 million of temporarily idle raised funds for cash management, achieving an investment income of RMB 2,441,600.00 from these activities [10][11]. - As of December 31, 2024, there were no idle funds remaining from the cash management activities [12]. Financial Performance - The company reported a net profit of RMB 45,106,646.73 for the consolidated financial statements in 2024, while the parent company reported a net profit of RMB 15,285,102.17 [27]. - The parent company's accumulated undistributed profits were negative at RMB -59,237,162.29, leading to a proposal not to distribute cash dividends or issue new shares [26][27]. Board and Supervisory Actions - The board of directors approved the 2024 annual profit distribution plan, which includes no cash dividends or stock issuance, and this plan is subject to shareholder approval [28][61]. - The supervisory board confirmed that the company's fundraising and financial reports comply with relevant regulations and accurately reflect the company's financial status [102][104].