Hitevision (SZ:002955) Zheng Quan Ri Bao·2025-08-27 00:08Fundraising Overview - The company raised a total of RMB 179,818.71 million from the issuance of 34.31 million shares at a price of RMB 52.41 per share, with a net amount of RMB 169,158.38 million after deducting issuance costs [1][2] - As of June 30, 2025, the cumulative amount used from the raised funds is RMB 136,319.68 million, with a remaining balance of RMB 2,492.28 million in the special account [2][3] Fund Management and Usage - The company has established a three-party supervision agreement for the management of the raised funds, ensuring compliance with regulations and protecting the rights of minority investors [3][4] - The company has not changed the use of the raised funds for investment projects during the reporting period [7][8] Financial Performance - For the first half of 2025, the company reported a revenue of RMB 1.4 billion, a decrease of 10.99% year-on-year, and a net profit attributable to shareholders of RMB 45 million, down 70.09% year-on-year [42] - The company has implemented various strategies to enhance operational efficiency and adapt to market pressures, including optimizing product structure and cost control [42] Foreign Exchange Derivative Transactions - The company has approved a foreign exchange derivative hedging business to manage exchange rate risks associated with its overseas operations, with a maximum transaction margin and premium limit of USD 1 million and a maximum contract value of USD 20 million [12][55] - The hedging transactions will include various products such as forward foreign exchange contracts, currency swaps, and foreign exchange options [14][15] Asset Impairment Provision - The company has recognized an asset impairment provision of RMB 2,448.04 million for the first half of 2025, which accounts for 11.03% of the net profit attributable to shareholders for the last audited fiscal year [28][32] - This provision reflects a cautious approach to accurately represent the company's asset and financial status as of June 30, 2025 [34]