SERES(SH:601127) Zheng Quan Zhi Xing·2025-08-29 14:20Core Viewpoint - The report details the fundraising activities and the management of raised funds by Seres Group, highlighting the amounts raised, their usage, and the compliance with regulations [1][2][3][4][5]. Fundraising Overview - The company raised a total of RMB 7,129,999,969.18 through a non-public offering of A-shares, with a net amount of RMB 7,058,556,088.13 after deducting issuance costs [1]. - As of June 30, 2025, the company has utilized RMB 256,377.43 million from the 2021 non-public offering for investment projects, with a remaining balance of RMB 2,505.26 million [1][3]. Fund Management - The company has established a fundraising management system to ensure compliance and protect investor interests, with the latest revision approved on October 27, 2023 [1][2]. - Fundraising accounts are managed under specific agreements with banks and sponsors, ensuring dedicated use of the funds for intended projects [2][3]. Fund Usage - The company has used RMB 458,180.02 million for investment projects, including RMB 10,000 million from idle funds temporarily supplementing working capital [3][4]. - No projects have been terminated or transferred during the reporting period, and there are no instances of mismanagement of funds [4][5]. Project Performance - The report indicates that certain projects, such as the SERES intelligent connected new energy vehicle development, do not directly generate economic benefits but are essential for future growth [3][4]. - The company has not encountered any delays in project progress or significant changes in project feasibility during the reporting period [4][5].