GOLDENHOME(SH:603180) Zheng Quan Zhi Xing·2025-08-27 10:29Core Viewpoint - The report details the fundraising activities and usage of funds by Jinpai Kitchen Cabinet Home Technology Co., Ltd. for the first half of 2025, highlighting the amounts raised, invested, and remaining balances from both a private stock issuance in 2021 and a convertible bond issuance in 2023 [1][2][3]. Fundraising Overview - In 2021, the company raised a total of RMB 285.99 million through a private stock issuance, with a net amount of RMB 279.54 million after deducting issuance costs [1]. - As of June 30, 2025, the company has used RMB 39.92 million of the raised funds, with a remaining balance of RMB 265.23 million [2]. - In 2023, the company issued convertible bonds totaling RMB 770 million, with a net amount of RMB 759.77 million after costs [2][3]. Fund Management - The company has established a fund management system in compliance with relevant regulations, including a tripartite supervision agreement with banks for the management of raised funds [4][6]. - The funds are stored in dedicated bank accounts, with specific agreements in place to ensure proper usage and oversight [5][6]. Fund Usage - As of June 30, 2025, the company has cumulatively used RMB 624.24 million of the raised funds, with a remaining balance of RMB 145.66 million [3][11]. - The company has also generated interest and investment income from the funds, totaling RMB 24.33 million from the private stock issuance and RMB 9.78 million from the convertible bond issuance [11][12]. Project Investment and Replacement - The company has replaced pre-invested funds in projects with raised funds, including RMB 16.99 million in 2021 and RMB 45.89 million in 2023 [9][15]. - The company has not used idle funds for temporary working capital, ensuring that all funds are directed towards investment projects [10][14]. Remaining Fund Status - The company has allocated idle funds for cash management, with approvals for amounts up to RMB 7.62 million for the convertible bond funds and RMB 2.8 million for the private stock funds [11][12]. - As of June 30, 2025, the company has not encountered any significant issues in the management and disclosure of the raised funds [13][14].