AWINIC(SH:688798) Zheng Quan Zhi Xing·2025-08-13 12:19Core Viewpoint - The company has completed several fundraising projects and will allocate surplus funds to other projects while postponing some project timelines to optimize resource allocation and enhance operational efficiency [1][4][8]. Fundraising Overview - The company raised a total of RMB 3,201,044,000 from its initial public offering, with a net amount after expenses of RMB 3,201,044,000 [2]. - The total investment for the fundraising projects was RMB 246,813.72 million, with the company planning to use surplus funds of RMB 47,220 million for new projects [2]. Project Completion and Surplus Funds - The projects "Smart Audio Chip R&D and Industrialization," "5G RF Device R&D and Industrialization," and "Motor Driver Chip R&D and Industrialization" have been completed and are in a usable state [1][3]. - The total surplus funds from these completed projects amount to RMB 21,043.78 million, with RMB 20,075.57 million allocated to the "High-Performance Analog Chip R&D and Industrialization Project" [4][3]. Project Delay - The "High-Performance Analog Chip R&D and Industrialization Project" has been postponed to allow for better market analysis and product iteration due to increased competition [5][7]. - The company will ensure that the delay does not adversely affect project implementation and will continue to monitor market conditions [5][8]. Approval Process - The board and supervisory committee have approved the allocation of surplus funds and the postponement of certain projects, confirming that these actions align with the company's operational needs and do not harm shareholder interests [8][9].