Zhejiang Taitan (SZ:003036) Shang Hai Zheng Quan Bao·2025-08-21 21:02Core Viewpoint - The company, Zhejiang Titan Co., Ltd., has disclosed its 2025 semi-annual report, highlighting its financial performance, fundraising activities, and future development plans [1][6]. Group 1: Company Overview - Zhejiang Titan Co., Ltd. is engaged in the manufacturing of textile machinery and has not experienced any changes in its controlling shareholder or actual controller during the reporting period [5][6]. - The company has issued a total of 54 million shares at an issuance price of 5.72 RMB per share, raising a total of 308.88 million RMB, with a net amount of 252.77 million RMB after deducting issuance costs [15][16]. Group 2: Financial Data and Fundraising - As of June 30, 2025, the company has utilized its raised funds for various projects, including the "Intelligent Textile Machinery Equipment Manufacturing Base Construction Project," which has seen an investment adjustment from 354.77 million RMB to 194.61 million RMB [24][25]. - The company has permanently supplemented its working capital with surplus funds amounting to 173.96 million RMB from the aforementioned project [20][21]. Group 3: Fund Management and Usage - The company has established a management system for its raised funds, ensuring compliance with regulatory requirements and protecting investors' rights [17][18]. - As of June 30, 2025, the company has not used any idle funds for temporary working capital or cash management, maintaining a balance of 0.00 RMB in financial products [19][20]. Group 4: Board Meeting and Resolutions - The company's board of directors convened on August 21, 2025, to review and approve the semi-annual report and the special report on the use of raised funds, with all members present [8][9]. - The board's resolutions included the approval of the semi-annual report and the special report on the use of raised funds, both receiving unanimous support [10][11].