Workflow
卓越新能: 卓越新能前次募集资金使用情况专项报告

Core Viewpoint - The report details the usage of previously raised funds by Longyan Zhuoyue New Energy Co., Ltd., highlighting the total amount raised, the allocation of funds, and the current status of various projects funded by these resources [1]. Fundraising Overview - The company raised a total of RMB 1,200,896,220.75 after deducting expenses related to the issuance of shares [1]. - The funds were primarily allocated to projects including the production of biodiesel and the establishment of a technical research center [1]. Fund Usage Status - As of March 31, 2025, the company has utilized RMB 96,786,250.00 of the raised funds for various projects [8]. - The company has also engaged in cash management for temporarily idle funds, with a maximum limit of RMB 9.8 billion approved for investment in safe and liquid financial products [2][3][4][5][6][7]. Project Implementation and Changes - The company has completed the biodiesel production line with an annual capacity of 100,000 tons, which reached full production in June 2021 [9]. - The project for producing 50,000 tons of natural fatty alcohol is still under development and has not yet reached the intended operational status [9]. Financial Performance and Impact - The biodiesel projects have faced challenges due to EU anti-dumping investigations, affecting profitability [9]. - The company has adjusted its sales strategy in response to market conditions, focusing on international marine fuel markets and domestic bio-based materials [9]. Cash Management and Idle Funds - As of March 31, 2025, the company has RMB 31,200,000.00 in temporarily idle funds under cash management agreements [7]. - The company has consistently sought approval for using idle funds for cash management, ensuring that such actions do not impact the implementation of investment projects [2][3][4][5][6][7].