新密市财源投资集团有限公司挪用债券募集资金偿还债务，涉及金额4.96亿元

Core Viewpoint - The Shanghai Stock Exchange issued a written warning to Xinmi Caiyuan Investment Group Co., Ltd. for violating regulations regarding the use of raised funds [1] Group 1: Regulatory Violations - Xinmi Caiyuan raised funds through the issuance of corporate bonds (24 Xinmi 01) with the intention to repay maturing bond principal, but instead used 99.2% of the raised funds (4.96 billion) to repay other interest-bearing debts [4] - This action violated the Shanghai Stock Exchange's rules for non-public bond issuance [4] Group 2: Company Financials - In the first half of 2025, Xinmi Caiyuan reported revenue of 333 million, a year-on-year decrease of 33.93%, and a net profit of 20.84 million, down 54.24% [5] - The company had total assets of 22.25 billion and total liabilities of 12.57 billion, resulting in a debt-to-asset ratio of 56.47% [5] - As of July 2024, Xinmi Caiyuan's registered capital was 1 billion, with a paid-in capital of 1 billion [4]