Core Viewpoint - Guangdong Chuangshiji Intelligent Equipment Group Co., Ltd. has responded to the Shenzhen Stock Exchange's inquiry regarding its application for a specific stock issuance, analyzing its operational status, financial indicators, and pending litigation comprehensively [1] Financial Performance Summary - The company's operating revenues for the reporting period were 4,526.90 million, 3,529.21 million, 4,605.31 million, and 1,047.94 million respectively, with significant fluctuations in the 3C product series, which saw a revenue drop of 42.21% in 2023 but a rebound of 153.29% in 2024 [1] - The comprehensive gross profit margins were 26.51%, 21.52%, 23.08%, and 23.03%, which are below the industry average [1] - The net profit attributable to the parent company, excluding non-recurring items, was 230.27 million, 64.80 million, 202.37 million, and 94.10 million, with a notable increase in 2024, while net cash flow from operating activities showed a significant decline [1] Business Segment Analysis - The 3C product series, primarily used in consumer electronics, experienced revenue decline in 2023 due to decreased market demand and lower sales prices, but saw a recovery in 2024 with rapid sales growth [2] - The general product series, which serves various manufacturing sectors, also faced a decline in 2023 but improved in 2024 due to a better macroeconomic environment [2] Financial Metrics Interpretation - The fluctuations in gross profit margins were influenced by market demand, product structure changes, and sales strategies, with the 3C drilling and tapping machine's margin significantly impacting overall margins [3] - The net cash flow from operating activities did not align with net profit trends due to increased inventory and accounts payable, while accounts receivable remained stable except for a notable increase at the end of 2024 [3] - The company's liquidity ratios are consistent with industry peers, and its debt ratio is slightly higher than the industry average, attributed to historical losses and a direct sales model [3] Pending Litigation - A lawsuit was filed by Beijing Jingdiao in November 2019 against Shenzhen Chuangshiji for alleged trade secret infringement, with a first-instance judgment requiring compensation of 12.80 million, and the case is currently under appeal [4] Fundraising Rationality Analysis - The company plans to raise no more than 550 million through a specific stock issuance, primarily to address funding gaps and improve its capital structure and debt repayment capacity [5][6]

Core Viewpoint - The company plans to temporarily use part of its idle raised funds, including oversubscribed funds, to supplement working capital, which is expected to enhance fund utilization efficiency and reduce financial costs [1][5][7]. Fundraising Basic Situation - The company was approved to publicly issue 40,010,000 shares at a price of RMB 33.57 per share, raising a total of RMB 1,343.14 million, with a net amount of RMB 1,221.41 million after deducting issuance costs of RMB 121.73 million [1][2]. Fund Investment Project Situation Fund Investment Project Usage Plan - The raised funds will be allocated to specific investment projects, including high-performance power management chips for consumer electronics and communication devices, and next-generation automotive and industrial power management chips, with a total adjusted investment amount of RMB 581.69 million [2][3]. Fund Usage Situation - As of June 30, 2025, the company will disclose the progress of the fundraising investment projects in a special report on its website [3]. Previous Use of Idle Funds - The company approved the use of up to RMB 200 million of idle raised funds to temporarily supplement working capital, effective from September 22, 2024, to September 21, 2025, for daily operations and business expansion [4][5]. Current Use of Idle Funds Current Plan for Using Idle Funds - The company plans to use up to RMB 200 million of idle raised funds temporarily to supplement working capital, ensuring that the investment plan proceeds normally [5][6]. Reasonableness and Necessity of Using Oversubscribed Funds - The use of idle funds is deemed necessary for supporting business expansion, with an estimated potential interest savings of approximately RMB 3.6 million based on the current one-year loan market quoted rate (LPR) of 3.00% [5][6]. Related Review Procedures - The company’s board and supervisory board approved the use of idle funds, and the review process complies with relevant laws and regulations [6][7]. Special Opinion Statement - The supervisory board supports the use of idle funds, stating it meets operational needs and aligns with shareholder interests, without affecting the normal investment plan [6][7]. Sponsor's Verification Opinion - The sponsor confirms that the decision to use idle funds has followed necessary procedures and complies with relevant regulations, enhancing fund efficiency and supporting business development [7][8].

Core Viewpoint - The company, Beijing StarNet Yuda Technology Co., Ltd., is utilizing part of its idle raised funds to temporarily supplement its working capital, following a thorough review by its sponsor, CITIC Securities [1][2]. Fundraising Overview - The company raised a net amount of RMB 586,583,670.21 through a non-public issuance of 15,835,312 A shares at a price of RMB 13,416,301.47, approved by the China Securities Regulatory Commission [2][3]. - The total amount raised was capped at RMB 600 million, with the funds allocated for specific projects after deducting issuance costs [3][4]. Fund Usage and Projects - The funds were intended for various projects, with a total investment of RMB 686 million, of which RMB 586.58 million was planned to be allocated from the raised funds [4]. - The "Drone Industrialization Project" has been terminated, and RMB 153.35 million of the raised funds will be permanently allocated to working capital [4][6]. Previous Fund Usage - The company previously approved the temporary use of up to RMB 200 million of idle funds to supplement working capital, with a usage period not exceeding 12 months [6][7]. - As of August 28, 2025, RMB 63.4 million of the idle funds had been used and fully returned to the dedicated account within the stipulated limits [6][7]. Current Fund Usage Plan - The company plans to use up to RMB 200 million of idle funds temporarily to enhance fund efficiency and reduce financial costs, with a maximum duration of 12 months [7][8]. - The estimated savings on financial costs from this plan is approximately RMB 6 million, based on a loan market quotation rate of 3.0% [7][8]. Company Commitments - The company commits to using the idle funds strictly for operations related to its main business and will not engage in high-risk investments or change the intended use of the raised funds [8][10]. Approval Process - The board of directors approved the use of idle funds on August 28, 2025, without needing shareholder approval, as it falls within the board's authority [9][10]. - Independent directors unanimously supported the decision, affirming that it aligns with the company's development needs and does not affect the implementation of fundraising projects [9][10]. Sponsor's Review Opinion - The sponsor, CITIC Securities, confirmed that the company has followed necessary approval procedures and that previous fund usages have been returned to the dedicated account, complying with relevant regulations [10][11].

Core Viewpoint - The company has decided to permanently supplement its working capital with surplus funds from completed fundraising projects, following a thorough review and approval process [1][8][9] Fundraising Overview - The company raised a net amount of 829.37 million yuan after deducting issuance costs of 91.96 million yuan [1] - The funds were verified by an accounting firm and stored in a dedicated account with a tripartite supervision agreement [1] Investment Project Status - As of June 30, 2025, the company has invested a total of 733.62 million yuan in various projects, with a remaining balance of 299.67 million yuan [2] - The "Annual Production of 400 Million Medical Devices (In Vitro Diagnostics) Expansion and Upgrade Project" has been completed and is now operational [3][4] Surplus Funds and Their Use - The company has approved the use of 160.57 million yuan in surplus funds to support daily operations, following the completion of certain projects [3][6] - The surplus funds were generated due to cost-saving measures during project implementation, including optimized production processes and reduced personnel costs [4][6] Financial Performance of Completed Projects - The completed project generated revenues of 47.11 million yuan in 2023, 112.07 million yuan in 2024, and 13.92 million yuan in the first half of 2025, which did not meet the expected performance [6] Decision-Making Process - The decision to use surplus funds for working capital was made after careful consideration of market conditions and project completion [7][8] - The board of directors approved the proposal without requiring a shareholder meeting [7] Conclusion from the Sponsor Institution - The sponsor institution has confirmed that the decision to use surplus funds aligns with regulatory requirements and is beneficial for the company's long-term development [8][9]

Summary of Key Points Core Viewpoint - The company, China Shipbuilding Industry Group Marine Defense and Information Countermeasure Co., Ltd. (China Marine Defense), plans to temporarily use part of its idle raised funds to supplement working capital, amounting to 70 million yuan, while ensuring compliance with relevant regulations and maintaining the integrity of its investment projects [1][5][8]. Group 1: Fundraising Overview - The company raised a total of approximately 2.11 billion yuan through a non-public offering of 78,961,248 shares at a price of 26.76 yuan per share, with net proceeds after expenses being 2,113,002,996.48 yuan [1]. - The funds are stored in a dedicated account as per the company's fundraising management system, with agreements established with various parties for fund supervision [2]. Group 2: Fund Usage and Projects - As of June 30, 2025, the company has utilized 753.34 million yuan of the raised funds, leaving a balance of 241.71 million yuan [5]. - The company plans to allocate 20 million yuan to the "Marine Information Electronics and Key Components Industrialization Project" and 50 million yuan to the "Communication Navigation and Intelligent Equipment Industrialization Project," totaling 70 million yuan for temporary working capital [5][6]. Group 3: Compliance and Approval Process - The proposal to use idle funds has been approved by the board of directors and complies with the relevant regulations, ensuring that it does not affect the progress of the investment projects or shareholders' interests [7][8]. - The independent financial advisor has confirmed that the use of funds adheres to the regulations and does not constitute a change in the purpose of the raised funds [8].

Group 1 - The company Jilin Aodong (000623) announced that it will hold its first extraordinary general meeting of shareholders for 2025 on September 19, 2025 [1] - The agenda for the meeting includes the review of the company's 2025 semi-annual profit distribution plan and the proposal regarding the completion of all fundraising projects from the 2018 convertible bonds, as well as the use of surplus funds to permanently supplement working capital [1]

Core Viewpoint - The company plans to temporarily use part of its idle raised funds, not exceeding RMB 30 million, to supplement its working capital while ensuring that the investment projects are not affected [2][4][5] Summary by Sections 1. Basic Situation of Raised Funds - The company issued 33,333,334 shares at a price of RMB 16.43 per share, raising a total of RMB 547,666,677.62 [1] - The total issuance costs amounted to RMB 49,653,236.30, including various fees [1] 2. Situation of Investment Projects - The company has a total of RMB 500,816,900.00 planned for investment in projects related to bone regeneration and artificial bone repair materials [2] - As of June 30, 2025, the unused balance of raised funds was RMB 819,299,209.1 (including interest) [2] 3. Plan for Using Idle Funds - The company intends to use up to RMB 30 million of idle raised funds for working capital, with a usage period not exceeding 12 months [2][3] - The funds will only be used for business expansion and daily operations related to the main business [3] 4. Review Procedures and Special Opinions - The board of directors and the supervisory board approved the use of idle funds, which does not require shareholder meeting approval [4] - The supervisory board believes this action will meet the company's working capital needs and improve the efficiency of idle fund usage [4] 5. Sponsor's Verification Opinion - The sponsor confirmed that the company followed necessary approval procedures and that the use of idle funds will not affect the investment projects [4][5]

Core Viewpoint - Zhejiang Hailiang Co., Ltd. plans to use up to 80 million yuan of idle raised funds to temporarily supplement working capital, with a usage period not exceeding twelve months from the board's approval date [1][10][12] Group 1: Fundraising and Usage - The company has raised a total of 315 million yuan through the issuance of convertible bonds, with a net amount of 312.84114 million yuan after deducting issuance costs [1] - The raised funds are allocated for various projects, including the construction of copper and copper alloy rod production and the expansion of precision copper tube production lines [2] - The company has implemented special account management for the raised funds to ensure their proper use [2] Group 2: Previous Fund Usage - In previous instances, the company has used idle raised funds to temporarily supplement working capital, including 125.6 million yuan in 2019 and 99.3 million yuan in 2020, with all funds returned to the special account by the specified deadlines [5][6] - The company has also permanently supplemented working capital with surplus funds from completed projects, including 102.62708 million yuan in 2019 and 58.6 million yuan in 2021 [3][6] Group 3: Current Fund Usage Proposal - The current proposal allows for the use of up to 80 million yuan of idle funds for operational activities, ensuring that the original purpose of the raised funds remains unchanged [10][11] - The estimated savings on financial costs from this temporary fund usage is projected to be 2.4 million yuan based on the current bank loan interest rate [10] - The company commits to not engaging in risk investments or providing financial assistance to entities outside its subsidiaries during the fund usage period [10][11] Group 4: Approval and Verification - The board of directors has approved the proposal for using idle funds, adhering to necessary legal procedures [11][12] - The sponsor institution has verified that the fund usage aligns with regulations and does not harm shareholder interests [11][12]

Core Viewpoint - Jiangsu Longda Superalloy Co., Ltd. plans to temporarily use part of its idle raised funds to supplement working capital, ensuring that this does not affect the normal progress of its fundraising investment projects [1][6][7] Fundraising Basic Situation - The company raised a total of RMB 2,411,794,296.88 by issuing 61,714,286 shares at a price of RMB 39.08 per share, with a net amount of RMB 2,201,271,584.45 after deducting issuance costs [1] Fundraising Special Account Storage Situation - As of June 30, 2025, the company has five special accounts for storing raised funds, with a total balance of RMB 18,219,542.55 [2][3] Previous Use of Idle Funds - The company approved the use of up to RMB 200 million of idle raised funds to temporarily supplement working capital, with a usage period not exceeding 12 months [4][6] Fundraising Investment Project Basic Situation - The company adjusted its investment project for the annual production of 10,000 tons of aerospace-grade superalloys, reducing the planned capacity from 6,000 tons to 3,000 tons, which affected the investment amount by RMB 198.39 million [5] Current Plan for Using Idle Funds - The company intends to use up to RMB 200 million of idle funds for business expansion and daily operations, ensuring that these funds will be returned to the special account within the specified period [6][7] Sponsor's Verification Opinion - The sponsor believes that the company's plan to use idle funds has been approved by the board and supervisory committee, complies with relevant laws and regulations, and will not harm shareholder interests [7]

Core Viewpoint - The company plans to use up to 90 million yuan of idle raised funds to temporarily supplement its working capital, ensuring that the funds will be returned to the dedicated account within 12 months [1][6][8]. Fundraising Overview - The company raised a total of 1,075,950,160 yuan from its initial public offering (IPO) by issuing 51,333,500 shares at a price of 20.96 yuan per share, with a net amount of 978,927,778.72 yuan after deducting issuance costs [2][5]. - Additionally, the company raised 203,920,127.60 yuan through a share issuance for asset acquisition, issuing 13,032,886 shares at a price of 16.42 yuan per share, after deducting related costs [3][5]. Use of Funds - The funds from the IPO are allocated to projects related to the company's main business, with a total investment amount of 622 million yuan planned for various projects [5]. - The funds raised for asset acquisition are intended for cash compensation, intermediary fees, and taxes related to the transaction, totaling 214 million yuan [5]. Temporary Use of Idle Funds - The company intends to use up to 90 million yuan of idle funds, including 87 million yuan from the IPO and 3 million yuan from the asset acquisition, to support its production and operations [6][7]. - The use of these funds will not affect the normal progress of the fundraising projects and will comply with relevant regulations [6][8]. Approval Process - The board of directors approved the proposal to use idle funds on August 22, 2025, and this decision does not require shareholder approval [7][8]. - The independent financial advisor and sponsor have provided a no-objection opinion regarding this matter, confirming compliance with regulatory requirements [8].