Jiahe Foods(SH:605300) Zheng Quan Zhi Xing·2025-08-22 11:14Core Viewpoint - The report details the fundraising activities and the actual usage of raised funds by Jiahe Food Industrial Co., Ltd. for the first half of 2025, highlighting compliance with regulatory requirements and the management of funds. Fundraising Basic Situation - The company raised a total of RMB 450.11 million through its initial public offering (IPO) by issuing 40.01 million shares at RMB 11.25 per share, with net proceeds of RMB 420.86 million after deducting issuance costs [1]. - As of June 30, 2025, the actual usage of the raised funds from the IPO included RMB 357.12 million for project investments and RMB 45.54 million for direct project inputs [1]. - In 2023, the company raised RMB 725 million by issuing 54.39 million shares at RMB 13.33 per share, with a net amount of RMB 715.50 million after costs [1]. - By June 30, 2025, the actual usage of these funds included RMB 18.32 million for project investments, with a remaining balance of RMB 521.40 million [1]. Fundraising Management Situation - The company has established a special management system for the storage and use of raised funds, ensuring compliance with relevant laws and regulations [1]. - A tripartite supervision agreement was signed with the underwriter and banks to clarify the rights and obligations of all parties involved in the management of the raised funds [1][2]. Fund Usage and Adjustments - The company transferred the remaining balance from the completed "Annual Production of 120,000 Tons of Plant Fat Powder Production Base Construction Project" to the "New R&D Center Project" to enhance fund usage efficiency [3]. - The company has permanently supplemented working capital with RMB 3.01 million of surplus funds from the IPO, which accounts for approximately 0.75% of the net amount raised [5]. - The company has not used idle funds for temporary working capital supplementation or cash management during the reporting period [7][9]. Fundraising Project Implementation - The company has not experienced any changes in the fundraising project implementation or any external transfers or replacements of the fundraising projects during the reporting period [8][9]. - The company has added new subsidiaries as implementation entities for the "Coffee Expansion Construction Project" and has signed relevant agreements for fund management [4][9].