TRINA(SH:688599) Zheng Quan Zhi Xing·2025-08-22 15:16Fundraising Overview - The company raised a total of RMB 8,864,751,000.00 through the issuance of convertible bonds, with a net amount of RMB 8,816,100,720.15 after deducting issuance costs [1][4] - As of June 30, 2025, the company had a remaining balance of RMB 101,967,265.80 in its special account for the raised funds [1][3] Fund Utilization - The total amount utilized from the raised funds was RMB 16,140.43 million, with RMB 5,547,451,349.66 allocated to investment projects and RMB 1,302,391,145.98 for replacing pre-invested amounts [2][4] - The company temporarily used RMB 1,900,000,000.00 of idle funds to supplement working capital, which is limited to business expansion and daily operations [2][3] Fund Management - The company established a special account for the management of raised funds, ensuring all funds are stored in a dedicated bank account [1][4] - As of June 30, 2025, the company had no idle funds used for cash management or any super-raised funds permanently supplementing working capital or repaying bank loans [3][4] Project Status - The company’s investment project, the annual production of 35GW monocrystalline silicon project, has experienced delays, with the second phase's expected operational date pushed to June 2026 [6][7] - The first phase of the project has been put into production, but the expected benefits have not been realized due to declining silicon prices [7]