JNGX(SH:600527) Zheng Quan Zhi Xing·2025-08-29 10:25Summary of Key Points Core Viewpoint - Jiangnan High Fiber Co., Ltd. has provided a detailed report on the management and usage of raised funds for the first half of 2025, indicating that all raised funds have been utilized and the balance is zero [1]. Fundraising Basic Situation - The company raised a total of RMB 821.6698 million through a non-public offering of 160 million shares at a price of RMB 5.13 per share, with all funds received by November 3, 2017 [1]. - Cumulative usage of raised funds reached RMB 520.2215 million by June 30, 2025, with RMB 398.1658 million used for permanent working capital [1]. Fund Management Situation - The company has established a three-party supervision agreement for the management of raised funds, ensuring that funds are used specifically for designated projects [1]. - As of June 30, 2025, the company has no idle funds temporarily used for working capital [1]. Actual Usage of Raised Funds - The report details the actual usage of raised funds for investment projects, with a cumulative investment of RMB 520.2215 million [1]. - The company has agreed to replace self-raised funds with raised funds for certain projects, with the approval of the supervisory board and independent directors [1]. Changes in Fund Usage - The company has permanently supplemented working capital with surplus funds from completed projects, totaling RMB 81.8103 million [2]. - The company has terminated the upgrade project for the production line of 80,000 tons of composite short fibers due to changes in market conditions [3]. Issues in Fund Usage and Disclosure - The company has confirmed that there are no issues regarding the timeliness, accuracy, or completeness of disclosed information related to the management and usage of raised funds [2].