Zheng Quan Zhi Xing·2025-05-12 12:37Core Viewpoint - Beijing Qing Cloud Technology Group Co., Ltd. has been approved for its initial public offering and listing on the Science and Technology Innovation Board, with ongoing sponsorship supervision by China International Capital Corporation until December 31, 2024 [1][2]. Group 1: Company Overview - Company Name: Beijing Qing Cloud Technology Group Co., Ltd. [2] - Stock Code: 688316.SH [2] - Registered Capital: 47.799688 million yuan [2] - Listing Date: March 16, 2021 [2] - Legal Representative: Huang Yunsong [2] - Actual Controllers: Huang Yunsong, Lin Yuan, Gan Quan [2] Group 2: Sponsorship Work Overview - The sponsor actively coordinated with various intermediaries during the due diligence period and ensured compliance with relevant laws and regulations [4]. - The sponsor provided continuous supervision and guidance to the company, focusing on financial internal control and accounting practices [5]. Group 3: Major Events During Sponsorship - The company received warning letters from the Shanghai Stock Exchange and Beijing Securities Regulatory Bureau due to accounting errors in revenue recognition, leading to adjustments in financial reporting [6]. - A violation of share reduction commitments occurred when a shareholder sold shares without prior notice, resulting in an apology and commitment to improve compliance [6]. - The company has not achieved profitability since its listing, with cumulative losses amounting to -115.51427 million yuan by the end of 2024, primarily due to high capital expenditures and intense competition in the cloud computing industry [7]. Group 4: Financial Management and Fund Usage - The company approved the use of 12.34064 million yuan of raised funds to replace pre-invested self-raised funds and issuance costs [8]. - The company has engaged in cash management of temporarily idle raised funds, with a maximum of 600 million yuan allocated for safe and liquid investment products [9]. - As of December 31, 2023, the balance of temporarily idle raised funds in large deposits was 50 million yuan [10]. Group 5: Project Status and Fund Allocation - The company decided to extend the expected usable status date for several projects to March 2025 to ensure steady implementation and reduce risks [11]. - All fundraising projects have reached their expected usable status, and surplus funds totaling 2.5255 million yuan will be permanently allocated to supplement the company's working capital [12].