SHREG(SZ:000803) Zheng Quan Zhi Xing·2025-07-16 13:19Fundraising Overview - The company raised a total of RMB 35,269.99 million through the issuance of shares to acquire 86.34% of the equity of Shankao Shifang Environmental Energy Group Co., Ltd. [1] - The company also raised RMB 289,999,981.40 through a private placement of 27,102,802 shares at RMB 10.70 per share, with a net amount of RMB 278,514,132.32 after expenses [2] - A subsequent private placement raised RMB 592,798,277.99 by issuing 51,823,630 shares at RMB 11.43 per share [3] Fund Usage - As of March 31, 2025, the company had utilized RMB 27,907.32 million of the raised funds, with a remaining balance of RMB 0.00 million from the 2019 fundraising [4][11] - For the 2020 fundraising, a total of RMB 56,546.78 million was used, leaving a balance of RMB 2,800.47 million [11] Fund Management - The company temporarily supplemented working capital with idle funds, using RMB 12,500 million, which was fully returned within 12 months [6] - Additional temporary uses of idle funds included RMB 30,000 million and RMB 9,000 million, both of which were also returned within the stipulated time [7][8] Project Performance - The company reported that the acquisition of Shankao Shifang has stabilized operations, with no significant changes in the main business [10] - The net profit of Shankao Shifang for the first quarter of 2025 was reported at RMB 3,318.79 million [10] Financial Commitments - The company has commitments regarding performance guarantees, ensuring that Shankao Shifang's net profit exceeds zero during the commitment period [10] - The performance commitments for the years 2020 to 2022 have been fulfilled, with specific profit figures reported [10][11] Fund Surplus and Reallocation - The company has decided to permanently supplement working capital with surplus funds from completed projects, including RMB 3,308.31 million from the "New City Heating Expansion and Renovation Project" [11][13] - The remaining funds from the acquisition of Beijing Chinai Bioenergy Technology Co., Ltd. will also be allocated to working capital [13]