Qingdao Victall Railway (SH:605001) Sou Hu Cai Jing·2026-01-14 23:21Core Viewpoint - Qingdao Weiao Rail Transit Co., Ltd. plans to use up to 200 million RMB from its initial public offering (IPO) funds to temporarily supplement working capital, with a usage period not exceeding 12 months from the date of approval by the board of directors [2][10]. Fundraising Basic Situation - The company has received approval from the China Securities Regulatory Commission for its IPO, issuing 75.56 million shares at a price of 16.14 RMB per share, raising a total of 1,219,538,400 RMB, with a net amount of 1,128,896,686.79 RMB after deducting issuance costs [2]. - The funds were fully received on May 15, 2020, and verified by an accounting firm [2]. Previous Use of Idle Funds - On April 28, 2022, the company approved the temporary use of 150 million RMB of idle IPO funds for working capital, which was fully returned to the special account by April 24, 2023 [3]. - On April 26, 2023, the company approved the use of 350 million RMB of idle IPO funds for working capital, with a commitment to return the funds by April 15, 2024 [4]. Current Use of Idle Funds - On January 15, 2025, the company approved the use of 250 million RMB of idle IPO funds for working capital, with a return deadline of January 14, 2026 [6]. - On April 16, 2025, the company approved another 350 million RMB for the same purpose, with a return deadline of April 15, 2026 [6]. Fund Investment Project Situation - As of December 31, 2025, the company adjusted the investment total for the rail transit vehicle supporting equipment project and allocated 48 million RMB of surplus funds for permanent working capital [7]. - The balance of the special account for fundraising as of December 31, 2025, was 3,379,349.81 RMB [9]. Plan for Temporary Use of Idle Funds - The company aims to use up to 200 million RMB of idle funds to temporarily supplement working capital, ensuring that this does not affect the normal operation of fundraising investment plans [10]. - The decision has been approved by the board of directors and complies with regulatory requirements [11].