ZYNM(SH:603527) Zheng Quan Ri Bao·2025-04-26 00:04Core Viewpoint - The company, Anhui Zhongyuan New Materials Co., Ltd., has reported on its fundraising activities and the management of those funds, ensuring compliance with relevant regulations and transparency in its financial practices [7][14][15]. Fundraising Overview - The company raised a total of RMB 725,620,224.00 through a non-public offering of 73,147,200 shares at a price of RMB 9.92 per share, with a net amount of RMB 717,440,680.11 after deducting issuance costs [7][8]. - As of September 6, 2023, the company had utilized self-raised funds amounting to RMB 446,057,408.03 for projects prior to the arrival of the raised funds, which were later replaced by the raised funds [8]. Fund Usage - In 2023, the company used RMB 162,308,965.63 of the raised funds, with RMB 112,534,735.93 directly invested in projects and RMB 49,774,229.70 supplementing working capital [9]. - In 2024, the company utilized RMB 110,457,292.50, with RMB 42,252,130.45 for direct project investment and RMB 68,205,162.05 for working capital [9]. Fund Management - The company has established a management system for the raised funds, ensuring compliance with laws and regulations, and has set up special accounts for the storage and management of these funds [10][14]. - The company signed tripartite and quadripartite agreements with banks to ensure proper management and oversight of the raised funds [10][11]. Financial Reporting - The company’s financial reports for the first quarter of 2025 were not audited, and the reports included balance sheets and cash flow statements for both consolidated and parent company levels [5][6]. - The company reported no significant changes in the use of raised funds or any violations in the management of these funds [14][15]. Accounts Receivable Factoring - The company plans to engage in accounts receivable factoring with banks and commercial factoring companies, with a total amount not exceeding RMB 20 million, effective from the board's approval until the next annual review [17][19]. - This factoring activity aims to improve cash flow and asset management, aligning with the company's development strategy [21].