XZCE(SZ:002534) Xin Lang Cai Jing·2025-09-26 13:47Core Viewpoint - Xizi Clean Energy plans to conclude its fundraising projects related to the "New Energy Technology Manufacturing Industrial Base" and "Supplementary Working Capital Project" by September 26, 2025, and intends to use the remaining funds for permanent working capital [1][6]. Fundraising Overview - The company raised 1.11 billion yuan through a convertible bond issuance approved by the CSRC on December 24, 2021, with a net amount of 1.096 billion yuan after deducting issuance costs [2]. - The net amount was allocated to the "New Energy Technology Manufacturing Industrial Base" project (1.03 billion yuan) and the "Supplementary Working Capital" project (80 million yuan) [3]. Project Status and Financials - As of September 22, 2025, both projects have reached a usable state and are set for completion, with the following financial details: - New Energy Technology Manufacturing Industrial Base: - Planned investment: 1.03 billion yuan - Actual investment: 522.32 million yuan (51.39% progress) - Remaining funds: 565.38 million yuan - Supplementary Working Capital: - Planned investment: 80 million yuan - Actual investment: 80 million yuan (100% progress) - Total planned investment was 1.11 billion yuan, with 60.23 million yuan actually invested [3]. Reasons for Surplus Funds - The surplus funds are attributed to three main factors: 1. Effective cost control in equipment procurement and construction 2. Earnings from idle funds through cash management and deposits 3. Unsettled final payments amounting to 267.67 million yuan as of September 22 [4]. Plans for Surplus Funds - The pending payment of 267.67 million yuan will be held in a dedicated account for contractual payments, with any excess payments covered by the company's own funds. Remaining surplus funds of 297.71 million yuan will be transferred to a general deposit account [5]. Impact on the Company - This decision is expected to lower financial costs and align with the company's development plans, with no adverse effects on normal operations. The board and supervisory committee have approved the proposal, pending shareholder meeting approval [6].