InHand Networks(SH:688080) Zheng Quan Zhi Xing·2025-08-21 16:48Core Viewpoint - Beijing Yingtan Network Technology Co., Ltd. has provided a detailed report on the management and usage of raised funds, highlighting the total amount raised, its allocation, and the current balance as of June 30, 2025 [1][2][12]. Fundraising Overview - The company raised a total of RMB 362.15 million through its initial public offering, with a net amount of RMB 313.72 million after deducting various fees [1]. - As of December 31, 2024, the cumulative amount used from the raised funds was RMB 269.07 million, with a remaining balance of RMB 53.37 million [2]. Fund Usage and Balance - The company has allocated funds to various projects, including RMB 4.86 million for the smart distribution network monitoring system upgrade, RMB 4.30 million for the intelligent vehicle networking system development, and RMB 5.95 million for the smart low-voltage distribution solution development [2]. - The total interest income and cash management returns, after deducting bank fees, amounted to RMB 17.78 million as of June 30, 2025 [2][12]. Fund Management Practices - The company has established a dedicated account for managing the raised funds, ensuring strict compliance with regulatory requirements and protecting investor interests [3][9]. - A three-party supervision agreement has been signed with the bank and the sponsor to ensure the funds are used appropriately [3]. Fund Allocation and Adjustments - The company has used part of the raised funds to replace self-raised funds for projects, totaling RMB 27.53 million [8]. - The company has also decided to permanently supplement working capital with surplus funds, amounting to RMB 54.82 million as of June 30, 2025 [12]. Project Changes and Delays - The company has changed the project focus from the "Intelligent Tank Remote Monitoring (RTM) System Development" to the "Smart Low-Voltage Distribution Solution Development" due to market challenges [14]. - The completion date for the smart low-voltage distribution solution project has been extended to August 2025 due to delays in progress [15].