HIUV(SH:688680) Zhong Guo Jing Ji Wang·2025-10-17 09:20Core Points - Haiyou New Materials (688680.SH) experienced a significant stock price drop of 10.98%, closing at 41.75 yuan, currently in a state of underperformance [1] - The company was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on January 22, 2021, with an initial offering price of 69.94 yuan per share and a total issuance of 21.01 million shares [1] - The total funds raised from the IPO amounted to 1.469 billion yuan, with a net amount of 1.347 billion yuan after deducting issuance costs, which exceeded the original plan by 747 million yuan [1] - The funds were intended for a project to upgrade the production of 170 million square meters of polymer special membranes, working capital, and repayment of bank loans [1] - The issuance costs for the IPO were 123 million yuan, including underwriting and sponsorship fees of 104 million yuan [1] Bond Issuance - In 2022, the company was approved to issue 6.94 million convertible bonds at a face value of 100 yuan each, raising a total of 694 million yuan [2] - After deducting related issuance costs of 2.6028 million yuan, the actual net funds raised amounted to 691.3972 million yuan, which have been fully received [2] - The funds raised from the IPO and the convertible bond issuance combined total 2.163 billion yuan [3]