CAIP(SH:603035) Shang Hai Zheng Quan Bao·2025-08-25 20:28Core Viewpoint - The company has released its 2025 semi-annual report, detailing its financial performance, operational changes, and future plans, emphasizing the importance of thorough review by investors [1][39]. Company Overview - The company is Jiangsu Changshu Automotive Trim Group Co., Ltd., with the stock code 603035 and the abbreviation "Changshu Trim" [6]. - The report includes key financial data and shareholder information, although specific figures are not provided in the excerpts [4]. Important Matters - The company is required to disclose significant changes in its operational status during the reporting period and any events that may have a substantial impact on its operations [3]. Board Meeting Details - The fifth meeting of the fifth board of directors was held on August 25, 2025, with all directors present, and all resolutions were passed unanimously [7][9]. - The board approved the full text and summary of the 2025 semi-annual report and the special report on the use of raised funds [8][11]. Financial Reports and Fund Management - The company raised a total of RMB 992.42 million through the issuance of convertible bonds, with a net amount of RMB 980.33 million after deducting fees [39]. - As of June 30, 2025, the company had used RMB 88.17 million of the raised funds in previous years and RMB 24.62 million in the first half of 2025, leaving a balance of RMB 93.24 million [41][56]. - The company has implemented a special account management system for the raised funds to ensure proper usage [44]. Changes in Fund Usage - The company has made several adjustments to its fundraising projects, reallocating funds from completed projects to new initiatives, such as transferring funds from the "Yuyiao annual production of 540,100 sets of automotive interior parts project" to the "Shenyang Changchun Automotive Parts Co., Ltd. annual production of 270,000 BMW G78 & NA6 parts project" [63][66]. - The company has also decided to use part of its idle raised funds temporarily to supplement working capital, with a maximum of RMB 30 million approved for this purpose [58]. Governance and Compliance - The board has proposed to cancel the supervisory board and amend the company's articles of association to enhance governance and operational efficiency [21][22]. - The company has revised several governance documents to align with the latest legal requirements and improve operational mechanisms [24].