Summary of Key Points Core Viewpoint The announcement provides a detailed report on the fundraising activities and the usage of raised funds by Huarong Chemical Co., Ltd. for the first half of 2025, ensuring compliance with regulatory requirements and outlining the company's financial management practices. Fundraising Overview - The company raised a total of RMB 966 million through the issuance of 12 million shares at RMB 8.05 per share, with a net amount of RMB 901.42 million after deducting issuance costs [1]. - The company has a total of RMB 406.42 million in excess funds raised [1]. Fund Usage - In the first half of 2025, the company utilized RMB 303,800 for investment projects and earned net interest income and cash management returns of RMB 4.5773 million [2]. - As of June 30, 2025, the cumulative investment in projects amounted to RMB 123.41 million, with a remaining balance of RMB 397.52 million [2]. Fund Management - The company has established a management system for the raised funds, ensuring they are stored in dedicated accounts and used according to regulatory guidelines [2][3]. - A tripartite supervision agreement was signed with several banks to oversee the management and usage of the raised funds [3]. Fund Storage Status - As of June 30, 2025, three dedicated accounts for the raised funds have been closed after the completion of related projects [5]. - The company has adhered to the tripartite supervision agreements without any violations [4]. Financial Reporting - The company reported a net profit of RMB 32.88 million for the first half of 2025, with a proposed cash dividend of RMB 0.40 per share, totaling RMB 19.2 million [43][45]. - The company has made changes to its accounting estimates to better reflect its financial situation, particularly regarding expected credit losses on receivables [48][49]. Board and Supervisory Meetings - The board and supervisory meetings held on August 12, 2025, approved the half-year report and the profit distribution plan, with unanimous votes [17][36].
华融化学股份有限公司 2025年半年度募集资金存放与使用情况的专项报告