Zheng Quan Zhi Xing·2025-08-29 12:17Summary of Key Points Core Viewpoint - The company, Chongqing Sifang New Materials Co., Ltd., is utilizing part of its idle raised funds to temporarily supplement its working capital, following the necessary approvals and regulations [1][6]. Fundraising Basic Situation - The company raised a total of 1,324.992 million yuan from its initial public offering (IPO) by issuing 30.9 million shares at a price of 42.88 yuan per share, with a net amount of 1,235.123 million yuan after deducting issuance costs of 89.869 million yuan [1][2]. Use of Idle Funds - As of the date of the verification opinion, the company has used a total of 495 million yuan of idle raised funds to temporarily supplement working capital, with specific approvals for amounts of 150 million yuan, 45 million yuan, and 150 million yuan from various board meetings [2][3]. Investment Project Status - The actual investment situation of the raised funds as of June 30, 2025, shows a cumulative investment of 1,235.123 million yuan, with an account balance of 506.7095 million yuan [5]. Plan for Temporary Fund Supplementation - The company plans to use up to 50 million yuan of idle raised funds for temporary working capital, with a usage period not exceeding 12 months from the board's approval date [4][6]. Compliance and Approval Process - The use of idle funds has been approved by the company's board and supervisory committee, ensuring compliance with relevant regulations and protecting shareholder interests [6].