ADD(SH:603089) Zheng Quan Zhi Xing·2025-07-18 16:14Group 1 - The report provides an overview of the fundraising activities and the usage of the raised funds by Zhejiang Zhengyu Industrial Co., Ltd. as of December 31, 2024 [1][2] - The company raised a total of 290,000 bonds with a face value of 100 RMB each, amounting to 29,000.00 million RMB, with a net amount of 28,558.96 million RMB after deducting related expenses [3][4] - The funds were deposited into a regulatory account managed by the lead underwriter, Guangfa Securities Co., Ltd., on January 7, 2020 [3] Group 2 - The report states that there were no changes in the usage of the previously raised funds [4] - The actual investment amount was 28,782.64 million RMB, which is 223.68 million RMB less than the promised investment amount [4][5] - The difference in investment amounts is attributed to the temporary purchase of principal-protected financial products and interest earned from bank deposits [4][5] Group 3 - The company did not transfer or replace any investment projects funded by the previous fundraising [4][5] - The report indicates that the supplementary working capital project primarily ensures normal operations and cannot be individually assessed for benefits [5] - The cumulative returns from the investment projects were below the promised returns by 20% or more [5] Group 4 - The company utilized idle funds to purchase principal-protected financial products and temporarily supplement working capital [7][8] - The board approved the use of up to 17,000.00 million RMB for purchasing financial products, with a total of 26,000.00 million RMB used in 2020, yielding a return of 216.92 million RMB [8][9] - Temporary working capital supplementation was approved for amounts not exceeding 13,000.00 million RMB, with funds being returned within the stipulated period [8][9]