Core Viewpoint - The report provides an overview of the fundraising and usage of proceeds by Changhua Chemical Technology Co., Ltd. as of June 30, 2025, confirming compliance with regulatory guidelines and detailing the financial activities related to the raised funds [1][2]. Fundraising Overview - The company raised a total of RMB 902,537,500 through the issuance of 35.05 million shares at RMB 25.75 per share, with actual proceeds after underwriting fees amounting to RMB 851,450,471.70 [2][3]. - The total amount available for use after deducting various fees was RMB 825,059,369.81 [3]. Fund Usage - As of June 30, 2025, the company utilized RMB 651,633,283.81 for investment projects, with a remaining balance of RMB 184,345,219.18 [3][4]. - The company has made changes to its investment projects, notably terminating the "R&D Center Construction Project" and reallocating funds to the "Carbon Dioxide Polyether and High-Performance Polyol Project (Phase I)" [4][5]. Project Details - The "Carbon Dioxide Polyether and High-Performance Polyol Project" is planned in two phases, with total estimated investments of RMB 586,249,000, including RMB 437,252,000 for construction [5]. - The first phase includes the construction of facilities with a capacity of 80,000 tons/year for carbon dioxide polyether and 300,000 tons/year for polyether polyol, while the second phase will expand the capacity further [5]. Financial Management - The company has also engaged in cash management of temporarily idle funds, allowing for investment in low-risk financial products, with a maximum of RMB 50 million allocated for such purposes [10]. - The report indicates that the company has pre-invested RMB 121,347,500 of its own funds into projects before the public offering, which will be replaced by the raised funds [12]. Economic Benefits - The projects funded by the raised capital are expected to enhance the company's operational capabilities and market competitiveness, although some projects, like the R&D center, do not directly generate economic benefits [11][12]. - The expansion of the polymer polyol project has already begun to yield revenue, with reported income of RMB 39,572,170 for the first half of 2025 [12][14].
长华化学: 前次募集资金使用情况鉴证报告