Putailai(SH:603659) Shang Hai Zheng Quan Bao·2025-11-14 19:17Core Viewpoint - Shanghai Putailai New Energy Technology Group Co., Ltd. has approved the use of up to 1 billion yuan of temporarily idle raised funds for cash management, ensuring that the funds will be returned to the special account for raised funds within 12 months [1][2]. Group 1: Cash Management Announcement - The company held a board meeting on November 14, 2024, where it approved the cash management proposal [1]. - All investment products purchased with temporarily idle raised funds have been returned to the special account by November 14, 2025, within the stipulated time frame [2]. - The company has notified its sponsor institution and representative regarding the return of the raised funds [3]. Group 2: Investment in Sichuan Zhuoqin - The company has approved an investment of 760 million yuan to increase capital in its wholly-owned subsidiary, Sichuan Zhuoqin New Materials Technology Co., Ltd., for the construction of the membrane coating integration project (Phase II Subproject II) [5][7]. - The total investment for the project is 2.5 billion yuan, and the transaction does not require shareholder approval [8][9]. - The project aims to meet the growing demand for high-performance coated separators in the lithium battery and energy storage markets, leveraging the company's existing production capacity and technology [12][13]. Group 3: Project Feasibility and Market Position - The project is positioned to capitalize on the increasing demand for lithium battery separators, driven by the rapid growth of the global new energy vehicle market and energy storage sector [13][14]. - The company has a competitive advantage due to its integrated approach of "materials + processes + equipment," which enhances production efficiency and market competitiveness [14][15]. - The project is expected to improve the company's service capabilities to downstream customers by providing a one-stop procurement solution for "base film + coating" [15][17]. Group 4: Economic Impact and Strategic Alignment - The investment is aligned with the company's long-term development strategy and is expected to enhance profitability [17][18]. - The project will strengthen the company's market expansion capabilities in the downstream battery sector, responding to the increasing delivery demands from customers [17].