LongYuan Technology(SZ:300105) Zheng Quan Zhi Xing·2025-08-15 08:18Summary of Key Points Core Viewpoint The report provides a detailed account of the fundraising activities and the utilization of raised funds by Yantai Longyuan Power Technology Co., Ltd. for the first half of 2025, ensuring compliance with regulatory requirements and transparency in financial management. Fundraising Overview - The company raised a total of RMB 1,166 million through the issuance of 22 million shares at RMB 53 per share, with net proceeds amounting to RMB 1,108.62 million after deducting underwriting and other fees [1]. - The funds were verified by an accounting firm, confirming their proper allocation and management [1]. Fund Utilization - As of December 31, 2024, the company had invested a total of RMB 464.65 million in various projects, including: - Plasma Low NOx Combustion Promotion Project: RMB 5 million - Plasma Energy-saving Environmental Equipment Expansion Project: RMB 315.79 million - Marketing Network Construction Project: RMB 21.86 million - Permanent Supplementation of Working Capital: RMB 77 million [3][4]. - The company has also utilized surplus funds to permanently supplement working capital, totaling RMB 77 million [4]. Fund Management - The company has established a strict approval system for fund usage to ensure that funds are used for their intended purposes, adhering to the company's fundraising management system [8][9]. - A tripartite supervision agreement was signed with banks to ensure proper storage and management of the raised funds [5][6][7]. Current Fund Status - As of June 30, 2025, the balance in the fundraising special account was RMB 129.59 million, with no discrepancies reported [9]. - The company has not used idle funds for temporary working capital supplementation during the reporting period [9]. Compliance and Reporting - The company has complied with all relevant regulations and has accurately disclosed the status of fundraising and fund utilization, with no violations reported [9].