Zheng Quan Zhi Xing·2025-07-31 16:37Group 1 - The core viewpoint of the article is that CITIC Securities has conducted a thorough review of Shennong Industry Co., Ltd.'s temporary use of idle raised funds to supplement working capital, ensuring compliance with relevant regulations and that it will not affect the company's investment plans [1][6] Group 2 - The company raised a total of 3 billion yuan by issuing 30 million convertible bonds at a face value of 100 yuan each, as approved by the China Securities Regulatory Commission [1][2] - The company has established a special account for the management and use of the raised funds, in accordance with regulatory requirements [2] - The company previously approved the temporary use of up to 1 billion yuan of idle raised funds to supplement working capital, with a repayment deadline of 12 months from the board's approval date [2][3] Group 3 - The company has cumulatively used 1.81892 billion yuan of the raised funds for various projects, with a total investment amount of 5.98567 billion yuan [4][5] - The company plans to use up to 800 million yuan of idle raised funds temporarily to supplement working capital, ensuring that it does not impact the progress of investment projects [5][6] Group 4 - The board and supervisory committee of the company have approved the use of idle raised funds, confirming that the decision-making process complies with relevant regulations [6] - The supervisory committee believes that the temporary use of idle funds will enhance the efficiency of fund utilization and reduce financial costs without harming shareholder interests [6]