JSCQ(SH:688182) Zheng Quan Zhi Xing·2025-08-27 09:20Core Points - Jiangsu Canqin Technology Co., Ltd. has raised a total of RMB 1,050 million through its initial public offering, with a net amount of RMB 1,003.65 million after deducting underwriting fees [1][2] - As of June 30, 2025, the company has utilized RMB 860.96 million of the raised funds for investment projects, leaving a balance of RMB 162.40 million [1][2] - The company has established a dedicated account for the management of raised funds, ensuring compliance with relevant regulations and protecting investor interests [1][2] Fund Management - The company has implemented a fund management system to regulate the storage and usage of raised funds, which was approved by the shareholders' meeting on June 8, 2020 [1][2] - A tripartite supervision agreement was signed with the underwriter and several banks to oversee the management of the raised funds [1][2] - As of June 30, 2025, the company has used RMB 15 million of temporarily idle raised funds for cash management, investing in low-risk financial products [2][3] Fund Usage - During the reporting period, the company has used RMB 242.47 million of the raised funds, adhering to the regulations set forth by the Shanghai Stock Exchange [2][3] - There were no instances of using idle funds to temporarily supplement working capital or any changes in the investment projects [2][3] - The company has not encountered any violations in the usage and management of the raised funds during the reporting period [2][3]