百川股份：11月17日召开董事会会议

Group 1 - The core viewpoint of the article is that Baichuan Co., Ltd. announced the conclusion of fundraising projects and the permanent allocation of surplus funds to working capital during its board meeting held on November 17, 2025 [1] - For the first half of 2025, Baichuan's revenue composition is as follows: fine chemicals account for 75.51%, new materials account for 18.65%, and new energy accounts for 5.84% [1] - As of the report date, Baichuan's market capitalization is 4.8 billion yuan [1]