百川股份石墨负极募投项目结项，8034万元节余资金用于补流

Core Points - Baichuan Co., Ltd. announced the approval of a proposal to permanently supplement working capital with surplus funds from a completed project [2] - The project, which involves the production of 30,000 tons of graphite anode materials, has reached its intended usable state and has a total investment of 1.42 billion yuan [2] - The surplus funds amount to 80.35 million yuan, representing 8.35% of the net raised funds from a convertible bond issuance [2] Fundraising and Financial Details - The surplus funds originated from the company's 2022 public issuance of convertible bonds, which raised a net amount of 962 million yuan after deducting issuance costs [2] - The project was completed by November 14, 2025, and the actual investment from the raised funds was 885 million yuan, with additional interest income contributing to the surplus [2][3] - The company plans to use the surplus funds entirely for working capital, while future payments for contracts and warranties will be covered by its own funds [3] Reasons for Surplus Funds - The surplus is attributed to strict cost control during project implementation, ensuring efficient investment while maintaining quality and progress [3] - The company engaged in compliant cash management of idle funds, generating stable investment returns and bank interest [3] - Delayed payment schedules for certain contract balances and warranty funds also contributed to the surplus [3]