Motorcomm Electronic Technology (SH:688515) Zheng Quan Zhi Xing·2025-08-29 10:25Core Points - The report outlines the fundraising status and usage of funds by Yutai Microelectronics Co., Ltd. for the first half of 2025, ensuring compliance with relevant regulations and transparency in financial management [1][2][5]. Fundraising Overview - The company raised a total of RMB 1,840,000,000 through the issuance of 20,000,000 shares at a price of RMB 92.00 per share, with the funds received on February 3, 2023 [1]. - As of June 30, 2025, the total amount of funds raised was RMB 1,840,000,000, with RMB 926,539,844.74 used in previous years and RMB 330,000,000 held in cash management products [1][2]. Fund Usage and Management - The company has established a dedicated fund management system, including a special account for fundraising, to ensure efficient use and oversight of the funds [1][2]. - As of June 30, 2025, the company had used RMB 137,187,679.21 for fundraising projects and incurred RMB 5,265.24 in handling fees [2][3]. Cash Management - The company approved the use of up to RMB 12 billion of temporarily idle funds for cash management, ensuring that this does not affect project construction or fund safety [2][3]. - As of June 30, 2025, the company had RMB 190,000,000 in cash management products that had not yet matured [2][3]. Changes in Fundraising Projects - The company made adjustments to the internal investment structure and implementation content of its fundraising projects, specifically for the "Vehicle Ethernet Chip Development and Industrialization Project" and the "Research and Development Center Construction Project" [4][5]. - The adjustments included adding new implementation entities and locations for the projects while maintaining the total committed investment amount [4][5]. Fund Disclosure and Compliance - The company confirmed that there were no issues with the timeliness or accuracy of disclosed information regarding the management and usage of fundraising [5].