Wellhope(SH:603609) Shang Hai Zheng Quan Bao·2025-08-18 20:39Core Viewpoint - The company has reported significant updates regarding its fundraising activities, including the issuance of convertible bonds and the allocation of raised funds for various projects, while also planning to adjust its credit limits with financial institutions to support operational needs [3][18][84]. Group 1: Company Overview - The company is named Wellhope Foods Co., Ltd., with the stock code 603609 and bond code 113647 [3][18]. - The company has a structured approach to managing its fundraising, adhering to regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange [4][15]. Group 2: Fundraising and Financial Data - The company successfully raised a total of 150,000 million yuan through the issuance of 15 million convertible bonds at a price of 100 yuan each, with a net amount of 148,988.35 million yuan after deducting issuance costs [3][84]. - As of June 30, 2025, the balance in the special account for the raised funds was 33,092.6 million yuan, which includes interest income [4][89]. - The company has utilized 70,000 million yuan of idle funds to temporarily supplement working capital [7][89]. Group 3: Project Updates - The company has completed and terminated several fundraising projects, including the production of full-price feed and pig breeding projects, reallocating remaining funds to new projects such as chicken farming and processing [12][85]. - The new projects are expected to be operational by December 31, 2025, generating revenue thereafter [86]. Group 4: Credit and Guarantee Adjustments - The company plans to increase its comprehensive credit limit from 72 billion yuan to 82 billion yuan to meet operational and investment needs [18][56]. - An additional guarantee limit of 125,000 million yuan has been proposed, raising the total guarantee limit to 560,000 million yuan for its subsidiaries [21][24].