Zheng Quan Zhi Xing·2025-08-13 11:11Fundraising Overview - The company raised a total of RMB 1.8545887 billion through its initial public offering, with a net amount of RMB 1.6639672 billion after deducting issuance costs [1] - The company has utilized RMB 385 million of the raised funds for permanent working capital and RMB 36 million for share repurchase, leaving a balance of RMB 243 million [3] Use of Excess Funds - The company approved the use of RMB 195 million of excess funds for permanent working capital in March 2023 and RMB 190 million in March 2024 [2] - The company also initiated a share repurchase plan using excess funds to maintain company value and shareholder rights [2] Project Details - The new project will focus on the research and industrialization of 8-inch zone-melted silicon single crystal technology, with an investment of RMB 48.33 million [5][9] - The project aims to enhance production capacity by 21 tons per year for 8-inch zone-melted silicon [5] Industry Context - Zone-melted silicon is a critical material in the electronics industry, offering advantages such as high purity and low oxygen content, making it suitable for high-performance power semiconductor devices [6][7] - The demand for power semiconductors, particularly in the electric vehicle sector, is expected to drive growth in the zone-melted silicon market [7] Project Feasibility - The company possesses a skilled R&D team and relevant technical experience, aligning the project with industry trends and existing product lines [6] - The project is expected to leverage existing market channels and customer resources, enhancing its feasibility [6] Impact on Company - The investment in the new project is anticipated to strengthen the company's competitive position and align with its strategic development goals [8][9] - The project is expected to positively influence the company's future performance and market share in the zone-melted silicon sector [8][9]