UTIMES(SH:688638) Zheng Quan Ri Bao·2025-04-29 02:11Core Viewpoint - The company has announced its financial results for the first quarter of 2025 and has conducted meetings to approve various financial and operational proposals, including the use of idle funds for cash management and the application for credit lines from banks [3][40][48]. Financial Data - The financial statements for the first quarter of 2025 are unaudited, and the company reported no net profit from mergers under common control for the period [5][6]. - The company has raised a total of 839 million RMB from its initial public offering, with a net amount of approximately 754.5 million RMB after deducting issuance costs [48]. Shareholder Information - The company has confirmed that the total number of shareholders and the status of major shareholders remain unchanged, with no significant changes in shareholding due to lending or borrowing activities [4]. Meeting Proceedings - The second meeting of the company's second supervisory board was held on April 26, 2025, with all three supervisors present, and the meeting complied with relevant laws and regulations [7]. - The supervisory board unanimously approved several proposals, including the annual report for 2024 and the first-quarter report for 2025 [8][12]. Credit Line and Guarantee - The company plans to apply for a total credit line of up to 150 million RMB from financial institutions, with a low-risk business balance of up to 20 million RMB [40]. - The company intends to provide guarantees for its subsidiary, with a maximum guarantee amount of 80 million RMB [41]. Cash Management - The company has approved the use of up to 40 million RMB of temporarily idle funds for cash management, aiming to enhance the efficiency of fund utilization [49]. - The cash management will involve investing in high-security, liquid financial products, ensuring that it does not affect the ongoing investment projects [50][51]. Risk Control Measures - The company has established risk control measures to monitor and manage the investments made with idle funds, ensuring compliance with relevant regulations and safeguarding shareholder interests [54][56].