TYSJ(SH:688033) Zheng Quan Ri Bao·2025-04-21 18:23Summary of Key Points Core Viewpoint The report outlines the fundraising activities and management of Beijing Tianyi Shangjia High-tech Materials Co., Ltd. for the year 2024, detailing the amounts raised, their usage, and compliance with regulatory requirements. Group 1: Fundraising Overview - The company raised a total of RMB 975.32 million from its initial public offering (IPO) and RMB 2.32 billion from a private placement, with net proceeds of RMB 867.81 million and RMB 2.30 billion respectively [1][2] - The funds from the IPO were fully received by July 18, 2019, and the funds from the private placement were received by September 30, 2022 [1][2] Group 2: Fund Usage and Management - The company has established a fundraising management system in compliance with relevant laws and regulations to ensure proper storage, approval, usage, and supervision of the funds [3][5] - As of December 31, 2024, the balance in the special accounts for both fundraising activities was reported, with specific details provided in attached tables [3][4] Group 3: Fund Utilization - The actual usage of the raised funds is documented in detailed tables, showing that the projects funded have reached their intended operational status [6][13] - The company temporarily used RMB 30 million of idle funds to supplement working capital, with a usage period not exceeding 12 months [8] Group 4: Cash Management - The company approved the use of idle funds for cash management, allowing up to RMB 10 billion for safe financial products, with a subsequent approval for an additional RMB 5 billion [9][10] Group 5: Project Adjustments - The company adjusted the investment amounts for certain projects, reallocating RMB 15.70 million from the "High-performance Carbon-ceramic Brake Disc Industrialization Project" to a new project for upgrading quartz crucible production lines [18] Group 6: Compliance and Reporting - The company has complied with all relevant regulations regarding the management and usage of raised funds, with no violations reported [20][23] - The annual report on the storage and actual usage of funds has been verified by an accounting firm, confirming adherence to regulatory requirements [21][23]