Shanghai Friendess(SH:688188) Zheng Quan Zhi Xing·2025-08-21 09:14Fundraising Overview - The company raised a total of RMB 1,714,500,000.00 from its initial public offering (IPO) by issuing 25 million shares at a price of RMB 68.58 per share, with all funds received by August 2, 2019 [1] - In a subsequent issuance, the company raised RMB 977,499,805.88 by issuing 3,665,441 shares at RMB 266.68 per share, with funds received by April 8, 2022 [1] Fund Utilization and Balance - As of June 30, 2025, the total balance of the fundraising account was RMB 181,096,987.54 from the IPO and RMB 172,270,328.39 from the subsequent issuance [1][2] - The company utilized RMB 498,760,103.50 for project expenditures and RMB 440,000,000.00 for financial products that have not been redeemed from the IPO funds [1] - From the second issuance, RMB 362,069,872.39 was used for project expenditures and RMB 450,000,000.00 for financial products that have not been redeemed [1] Fund Management Practices - The company established a fundraising management system in compliance with regulatory requirements, ensuring that all funds are stored in dedicated accounts approved by the board [2] - A total of six fundraising special accounts were opened, including accounts for subsidiaries, with specific agreements in place for fund storage and management [2][3] Investment Projects and Financial Management - The company has not engaged in any pre-investment or replacement of fundraising projects during the reporting period [5] - The company has utilized idle fundraising funds for cash management, investing up to RMB 1,330 million in safe and liquid financial products [5] - As of June 30, 2025, the company had invested RMB 993,300,000.00 from the IPO funds in financial products, with RMB 949,300,000.00 redeemed and RMB 44,000,000.00 remaining [5][6] Project Adjustments and Fund Usage - The company approved the use of RMB 160 million from surplus fundraising for permanent working capital [7] - Adjustments were made to the timelines for certain investment projects, with expected completion dates extended to December 2025 [7] - The company has not changed the use of funds for any investment projects during the reporting period [7]