北京理工导航控制科技股份有限公司关于部分募集资金投资项目延期的公告

Core Viewpoint - Beijing Ligong Navigation Control Technology Co., Ltd. has announced a delay in the completion date of its fundraising project for the "Inertial Navigation Device Expansion Project" due to the current progress of the project and the need to meet existing order demands [1][5][15]. Fundraising Overview - The company raised a total of RMB 1,434.62 million from its initial public offering, with a net amount of RMB 1,286.16 million after deducting underwriting fees [1]. - As of November 30, 2025, the balance in the fundraising account was RMB 113.53 million, with RMB 113 million used for cash management [3]. Project Delay Details - The delay specifically pertains to the "Inertial Navigation Device Expansion Project," with adjustments made to the expected completion date while maintaining the project's investment scope and purpose [5][7]. - The primary reason for the delay is the company's cautious approach to project construction, focusing on fulfilling existing orders before acquiring additional production equipment [8]. Project Progress and Future Plans - From January to November 2025, contracts for equipment purchases amounting to RMB 10.06 million were signed, with RMB 6.25 million pending payment [9]. - As of November 30, 2025, RMB 24.52 million has been invested in the project, representing 30.63% of the planned investment [9]. - The company anticipates that production capacity will reach 70%-80% of the target capacity upon project completion, aligning with current order demands [9]. Measures to Ensure Completion - The company plans to closely monitor customer demand and optimize product offerings to enhance market share [10]. - It will also increase communication with various units to expedite the development of products currently in research or small-scale production [10]. Re-evaluation of Project Viability - The company has conducted a re-evaluation of the project's feasibility, confirming that it remains aligned with strategic goals and is necessary for future growth [11][14]. - The project is expected to enhance the company's technological capabilities and market competitiveness, contributing positively to long-term performance [13][14]. Impact of the Delay - The delay is deemed a prudent decision that does not alter the project's investment content or total amount, ensuring compliance with regulatory requirements [15][16]. - The company aims to accelerate the project's progress to achieve the intended operational status as soon as possible [15].