Core Points - The company, Jiangsu Hengshun Vinegar Industry Co., Ltd., has released its 2025 semi-annual report, ensuring the accuracy and completeness of the information provided [1][5][28] - The report includes details on the actual use of raised funds and their management, highlighting compliance with relevant regulations [9][31] Group 1: Company Overview - Jiangsu Hengshun Vinegar Industry Co., Ltd. is engaged in the production and sale of vinegar and related products [2] - The company has a total of 110,000,000 shares issued at a price of 10.39 yuan per share, raising a total of 1,142,900,000 yuan [6] Group 2: Financial Data - The net amount raised after deducting issuance costs was 1,121,437,500.37 yuan, with the funds received on April 28, 2023 [6] - As of June 30, 2025, the balance in the special account for raised funds was 70,429,852.44 yuan [8] Group 3: Fund Usage - The company utilized 81,114.71 million yuan of the raised funds in 2023, 19,076.46 million yuan in 2024, and 5,187.07 million yuan in the first half of 2025 [7] - There were no instances of using idle raised funds for temporary working capital or investing in related products during the reporting period [15][16] Group 4: Fund Management - The company has established a special account storage system for raised funds, ensuring compliance with legal and regulatory requirements [9] - As of June 30, 2025, the company maintained eight special accounts for raised funds [11] Group 5: Changes in Fund Projects - The company has made changes to the use of raised funds, reallocating 50,601,276.82 yuan from a terminated project to a new project for the production line of soy sauce and vinegar [24][25] - The company has extended the timeline for certain projects, with completion dates pushed from December 2024 to December 2025 [25] Group 6: Board Resolutions - The company's board of directors approved the semi-annual report and the special report on the use of raised funds during a meeting held on August 24, 2025 [28][31] - The board also approved modifications to the company's management methods for raised funds and information disclosure systems [34][36]
江苏恒顺醋业股份有限公司2025年半年度报告摘要