Shang Hai Zheng Quan Bao·2025-08-27 19:46Core Viewpoint - The company has conducted its board and supervisory meetings to approve various reports and proposals, including the half-year report for 2025, asset impairment provisions, and amendments to the company's articles of association [4][5][8][52]. Group 1: Company Overview - The company is named Sanan Optoelectronics and is listed under the stock code 600703 [3]. - The board of directors and supervisory board confirm the authenticity and completeness of the reports [1][3]. Group 2: Financial Data - The company raised approximately RMB 7.87 billion from a non-public offering of shares, with a net amount after expenses of RMB 7.87 billion [23]. - As of June 30, 2025, the company reported various balances for receivables and inventory, including accounts receivable of RMB 358.89 million and inventory of RMB 663.53 million [42][45]. Group 3: Important Matters - The company approved a special report on the storage and actual use of raised funds, confirming compliance with relevant regulations [5][23]. - The company has decided to discontinue the supervisory board, transferring its responsibilities to the audit committee of the board of directors [52][53]. Group 4: Asset Impairment - The company has recognized asset impairment provisions totaling RMB 26.19 million for the first half of 2025, affecting the profit and equity reported [46]. - Specific provisions include RMB 78.07 thousand for accounts receivable and RMB 26.20 million for inventory [42][45]. Group 5: Governance Changes - The company has proposed amendments to its articles of association, including the removal of the supervisory board and adjustments to the governance structure [52][56]. - The revised articles will be submitted for approval at the upcoming shareholders' meeting [52].