JHM(SH:603078) Zheng Quan Zhi Xing·2025-08-22 10:18Core Viewpoint - Jiangyin Jianghua Microelectronics Materials Co., Ltd. has successfully completed the verification report on the use of previously raised funds, confirming compliance with regulatory requirements and accurately reflecting the fund usage as of June 30, 2025 [1][2]. Fundraising and Storage - In 2020, the company raised a total of RMB 279,124,562.67 by issuing 8,787,878 shares at RMB 33.00 per share, with all funds received by November 17, 2020 [2]. - In 2021, the company raised RMB 646,210,313.32 by issuing 41,880,124 shares at RMB 15.43 per share, with net funds of RMB 638,569,168.27 after deducting issuance costs [2][3]. - As of June 30, 2025, the total amount of raised funds stored in designated bank accounts was RMB 927,410,287.32 [3]. Fund Usage - The company has not changed the actual investment projects funded by the previously raised funds [3]. - In 2020, the company used RMB 41,142,600 to replace self-raised funds for projects, specifically for the production of ultra-pure wet electronic chemicals [4]. - For the 2021 fundraising, there were no transfers or replacements of previously invested projects [5]. Project Performance - The projects funded by the previous fundraising have not achieved the promised returns, particularly the project for producing 30,000 tons of ultra-pure wet electronic chemicals, which has not yet reached its expected output due to market demand fluctuations [5]. - The company has confirmed that all investment projects can be individually accounted for in terms of benefits [5]. Idle Fund Management - The company has approved the use of up to RMB 200 million of idle funds for cash management, ensuring it does not affect the progress of fundraising projects [6][7]. - As of January 2023, the company has engaged in various cash management activities, including structured deposits and investment products, yielding a total return of RMB 1,282,706.63 [9].