Industrial Securities(SH:601377) Zheng Quan Zhi Xing·2025-08-18 11:24Core Viewpoint - The company, Nanjing Maglev Technology Co., Ltd., intends to continue using temporarily idle raised funds (including oversubscribed funds) for cash management to enhance the efficiency of fund utilization and increase returns for shareholders [1][3][7]. Fundraising Basic Situation - The total amount raised from the initial public offering (IPO) was RMB 586.1234 million, with a net amount of RMB 528.5685 million after deducting issuance costs [1]. - All raised funds have been received as of September 15, 2022, and a tripartite supervision agreement has been signed for the management of these funds [1]. Investment Project Situation - The raised funds are planned to be used entirely for projects related to the company's main business, specifically for the construction of high-efficiency intelligent integrated magnetic levitation fluid equipment, with a total investment of RMB 450 million [2]. Cash Management Plan - The company plans to use up to RMB 300 million of temporarily idle raised funds for cash management, with a validity period of 12 months from the board's approval date [2][4]. - The investment products will include low-risk, high-liquidity options such as structured deposits, agreed deposits, and time deposits [3][4]. Impact on Daily Operations - The cash management will not affect the construction of investment projects or the normal operations of the company, ensuring the safety of the raised funds [5][7]. - The management of idle funds is expected to improve fund utilization efficiency and generate better returns for the company and its shareholders [5][7]. Review and Approval Process - The board of directors and the supervisory board have approved the cash management plan, and it does not require further approval from the shareholders' meeting [5][7]. - The sponsor institution has confirmed that the process complies with relevant regulations and is beneficial for improving fund efficiency and returns [7][8].