Cctech(SZ:300604) Zheng Quan Zhi Xing·2025-07-21 16:31Core Viewpoint - The report outlines the fundraising activities and usage of funds by Hangzhou Changchuan Technology Co., Ltd. for the first half of 2025, detailing the amounts raised, allocated projects, and changes in project funding [1][2][4]. Fundraising Overview - In 2021, the company raised a total of RMB 371.80 million by issuing 8,126,775 shares at RMB 45.75 each, with a net amount of RMB 364.71 million after deducting underwriting fees [1]. - In 2023, the company raised RMB 276.70 million by issuing 8,415,450 shares at RMB 32.88 each, with a net amount of RMB 271.98 million after deducting related fees [2]. Fund Usage and Management - As of June 30, 2025, the net amount of funds raised was RMB 362.46 million, with cumulative project investments of RMB 332.25 million and net interest income of RMB 2.03 million [2][5]. - The company has established dedicated bank accounts for fundraising, ensuring compliance with regulatory requirements and protecting investor interests [8][7]. Project Investment Status - The funds have been allocated to various projects, including the development and industrialization of probe stations and sorting machines, with specific amounts and progress detailed in the report [9][10]. - The probe station project has faced delays, with the expected completion date extended to December 31, 2025, due to technical challenges and market conditions [11][18]. Changes in Project Funding - The company decided to reallocate RMB 50 million from the probe station project to the high-end semiconductor manufacturing base project, reflecting a strategic shift based on market dynamics [16][20]. - The sorting machine project has also seen changes in its implementation structure, with the addition of EXIS TECH SDN BHD as a project partner and a change in the project location to Sichuan Province [12][14]. Financial Management - The company has utilized temporary idle funds for operational liquidity, with a total of RMB 74 million used for this purpose, which has been returned within the stipulated timeframe [19][22]. - The report indicates that the company has maintained strict adherence to its fundraising management protocols, ensuring transparency and accountability in fund usage [7][8].