Core Viewpoint - Guangdong Siquan New Materials Co., Ltd. has provided a report on the use of previously raised funds, confirming compliance with regulatory requirements and reflecting the actual usage of funds as of June 30, 2025 [1][2]. Fundraising and Usage Summary - The company raised a total of RMB 600,751,114.44 through the issuance of 14,420,334 shares at a price of RMB 41.66 per share, with net proceeds after deducting issuance costs amounting to RMB 533,371,166.95 [2][3]. - As of June 30, 2025, the total amount of funds used was RMB 45,742.51 million, with RMB 7,594.61 million remaining unutilized, representing 14.24% of the total raised funds [6][8]. Fund Allocation and Management - The company allocated RMB 421,425,126.40 to investment projects and incurred issuance costs of RMB 5,370,754.73, while earning interest income of RMB 2,652,466.08 [2][4]. - The company has approved the use of RMB 1,800.00 million of excess funds for permanent working capital and RMB 2,439.31 million for the construction of a graphene and synthetic graphite thermal interface material project [3][4]. Project Performance and Benefits - The high-performance thermal conductive product construction project is expected to achieve an average annual net profit of RMB 71.3163 million upon reaching full production capacity [9]. - As of June 30, 2025, the projects are still under construction and have not yet generated measurable benefits [9]. Temporary Fund Management - The company has approved the temporary use of idle funds for cash management, allowing for the purchase of high-security, liquid investment products, with a limit of RMB 300 million for idle raised funds and RMB 150 million for idle self-owned funds [5][6]. Compliance and Reporting - The reports on the use of previously raised funds have been verified by Grant Thornton, confirming that they meet the requirements set by the China Securities Regulatory Commission [1][2].
思泉新材: 致同会计师事务所（特殊普通合伙）关于广东思泉新材料股份有限公司前次募集资金使用情况鉴证报告