四川天微电子股份有限公司 关于2025年度募集资金存放 与实际使用情况的专项报告

Core Viewpoint - The report outlines the fundraising and usage status of Sichuan Tianwei Electronics Co., Ltd. as of December 31, 2025, detailing the total amount raised, its allocation, and compliance with regulatory requirements. Fundraising Overview - The company raised a total of RMB 561.8 million through its initial public offering, with a net amount of RMB 508.54 million after deducting issuance costs of RMB 53.26 million. The funds were fully received by July 26, 2021 [1]. - The company used RMB 1.18 million of self-raised funds for the "Tianwei Electronics R&D Center Construction Project," which was later replaced with the raised funds [2]. Fund Management - The company established a fundraising management system in compliance with relevant laws and regulations, which was approved by the board and shareholders [3]. - A tripartite supervision agreement was signed with banks to clarify the rights and obligations of all parties involved in the management of the raised funds [4]. Fund Usage Status - As of December 31, 2025, the company invested RMB 18.02 million in fundraising projects during the year, with a cumulative investment of RMB 194.79 million [6]. - The company did not use idle funds to temporarily supplement working capital during the reporting period [6]. - The company approved the use of up to RMB 350 million of idle funds for cash management, with a net income of RMB 5.35 million from these investments [7]. Issues in Fund Usage and Disclosure - The company faced issues with the disclosure of cash management related to idle funds, failing to include certain products in the reports, leading to discrepancies in reported balances [8][9]. - The company has committed to rectifying these issues by improving disclosure practices and maintaining detailed records of cash management activities [10]. Audit and Verification - The Sichuan Huaxin (Group) Accounting Firm provided a verification report confirming that the company's fundraising management and usage report complies with regulatory requirements [11]. - The sponsor institution, Guojin Securities, also confirmed that the company adhered to relevant laws and regulations in managing and using the raised funds [12]. Industry Position and Development - The company operates in the military electronics sector, focusing on the development of fire extinguishing and explosion suppression systems, which are critical for military applications [57]. - The military electronics industry is characterized by high technical barriers and stringent quality requirements, with a growing demand for high-performance electronic components and systems [58]. - The company has established itself as a leading provider of military fire extinguishing systems, recognized for its technological capabilities and competitive strength in the market [60].