Hangzhou Heatwell Electric Heating Technology (SH:603075) Sou Hu Cai Jing·2025-09-02 21:57Core Viewpoint - The company, Hangzhou Rewei Electric Heating Technology Co., Ltd., has approved the temporary use of idle raised funds for working capital and cash management, which is expected to enhance fund utilization efficiency without affecting ongoing investment projects [1][2][4]. Trading Information Summary - As of September 2, 2025, the company's stock closed at 24.72 yuan, down 1.71%, with a turnover rate of 6.8% and a trading volume of 28,000 hands, resulting in a transaction amount of 69.0649 million yuan [1]. - On the same day, the net outflow of main funds was 5.1008 million yuan, accounting for 7.39% of the total transaction amount, while retail investors saw a net inflow of 5.4688 million yuan, representing 7.92% of the total transaction amount [1]. Company Announcement Summary - The company's second board meeting on September 2, 2025, approved the use of up to 200 million yuan of idle raised funds for temporary working capital, with a usage period not exceeding 12 months [1][2]. - The board also approved the use of up to 390 million yuan (including 18.8938 million yuan of oversubscribed funds) for cash management, which will be invested in low-risk, high-liquidity principal-protected products [2][4]. - The company’s total net raised funds from the initial public offering amounted to 805.627 million yuan, with part of the funds temporarily idle due to project construction cycles [4]. Regulatory Compliance - The company’s actions regarding the use of idle funds have been reviewed and approved by both the board and the supervisory board, with no objections from the sponsor, Guotai Junan Securities Co., Ltd., confirming compliance with relevant laws and regulations [2][4].