Allied Machinery(SH:605060) Zheng Quan Zhi Xing·2025-08-21 08:19Summary of Key Points Core Viewpoint - The report details the fundraising and usage status of Hangzhou Lande Precision Machinery Co., Ltd. for the first half of 2025, highlighting the total amount raised, expenditures, and management of the funds [1]. Fundraising Basic Situation - The company raised a total of RMB 935.4 million by issuing 60 million shares at RMB 15.59 per share, with a net amount of RMB 861.23 million after deducting issuance costs of RMB 74.17 million [1]. - As of June 30, 2025, the detailed usage of the raised funds includes RMB 625.23 million for project investments, RMB 27.35 million for working capital, and RMB 3.82 million for fees, with a remaining balance of RMB 5.78 million in the special account [1][2]. Fundraising Management Situation - The company has established a fundraising management system to ensure the effective use of funds, including a tripartite supervision agreement with the sponsor and bank [1]. - As of June 30, 2025, the balance in the fundraising special account was RMB 65.12 million at CITIC Bank and RMB 29.48 million at Hangzhou Bank [2]. Actual Usage of Fundraising - The company did not use idle funds for temporary working capital or for cash management during the reporting period [2][3]. - The high-precision mechanical component production project was completed, with a remaining balance of RMB 54.86 million, of which RMB 49.08 million has been used to supplement working capital [2][3]. Changes in Fundraising Investment Projects - The company has made changes to its fundraising investment projects, including the transformation of the "annual production of 65,000 sets of high-precision mechanical components" project to the "high-precision mechanical component production construction project" [2][5]. - The company has not transferred or replaced any fundraising investment projects during the reporting period [2][5]. Issues in Fundraising Usage and Disclosure - There were no significant issues in the usage and disclosure of fundraising during the reporting period [2].