Core Viewpoint - The company plans to use remaining raised funds to permanently supplement its working capital, ensuring that this does not affect the implementation of investment projects and aligns with the interests of all shareholders [3][5]. Fundraising Overview - The company raised a total of RMB 71,003.04 million through its initial public offering, with all funds received [1]. - The company has one fundraising special account with a balance of RMB 44,003,328.12 as of the date of the report [2]. Investment Project Details - The total investment for the projects funded by the raised capital amounts to RMB 28,428.18 million, with the excess funds totaling RMB 42,574.86 million [2]. - The projects include software development, a technology research center, and a marketing service platform [2]. Plan for Using Remaining Funds - The company intends to use RMB 4,400.33 million of the excess funds for working capital, which includes interest income and investment returns [3]. - After this usage, the balance in the excess funds account will be zero, and the company will close the related special account [3]. Commitments and Regulations - The company commits that the cumulative use of excess funds for working capital will not exceed 30% of the total excess funds within any 12-month period [4]. - The use of these funds will not impact the funding needs of investment projects, and no high-risk investments will be made within 12 months following this usage [4]. Approval Process - The proposal to use the remaining excess funds has been approved by the company's board of directors and will be submitted for shareholder meeting approval [5]. - The process complies with relevant regulations and does not alter the intended use of the raised funds [5].

人民财讯8月8日电，广钢气体(688548)8月8日晚间公告，公司拟使用3.5亿元超募资金实施"武汉广钢半 导体电子大宗气站项目"。项目计划总投资5.03亿元，分阶段建设三套超纯制氮机及附属系统。 ...

Core Viewpoint - The company is facing challenges in the external trade environment and is considering strategic options for utilizing its excess fundraising, including potential acquisitions [2]. Financial Performance - In Q1 2023, the company reported a main revenue of 349 million, a year-on-year decrease of 4.97% - The net profit attributable to shareholders was 34.87 million, an increase of 21.73% year-on-year - The non-recurring net profit was 34.65 million, also up by 21.73% year-on-year - The debt ratio stood at 21.0%, with investment income of 274,300 and financial expenses of 18.39 million - The gross profit margin was 41.35% [2]. Market Sentiment and Ratings - In the last 90 days, one institution rated the stock as a buy, with an average target price of 57.03 - There was a net inflow of 23.08 million in financing over the past three months, indicating increased financing balance - The company has a general competitive moat in the industry, with good profitability but poor revenue growth potential - Key financial indicators to monitor include accounts receivable/profit margin and operating cash flow/profit margin [3]. Business Overview - The company specializes in the research, development, production, and sales of outdoor leisure vehicles, electric vehicles, and related accessories [3].

Group 1 - The company held its fourth board meeting on August 4, 2025, with all seven directors present, confirming the meeting's legality and compliance with relevant laws and regulations [1][2]. - The board approved the acquisition of 46.9167% equity in Jiangsu Damo Semiconductor Technology Co., Ltd. for 450.4 million yuan and an additional capital increase of 80 million yuan, totaling 530.4 million yuan for the transaction [1][2]. - Following the transaction, the company will hold a 51% stake in the target company, which will become a subsidiary included in the company's consolidated financial statements [1][2]. Group 2 - The transaction does not constitute a related party transaction or a major asset restructuring as defined by regulations [2][3]. - The board agreed to submit the investment proposal to the shareholders' meeting for approval and to authorize the management to handle related matters [2][3]. - A temporary shareholders' meeting is scheduled for August 20, 2025, to discuss the aforementioned proposals [3][4].

Core Viewpoint - The company intends to use part of the excess raised funds to permanently supplement its working capital, which is deemed necessary and reasonable for improving fund utilization efficiency and reducing financial costs [5][6][8]. Fundraising Overview - The company raised a total of RMB 482.11 million through its initial public offering, with a net amount of RMB 422.45 million after deducting issuance costs [1]. - The total amount of excess funds raised is RMB 192.72 million [3]. Use of Excess Funds - The company has approved the use of RMB 57 million of the excess funds to repay bank loans for its wholly-owned subsidiary, accounting for 29.58% of the total excess funds [3][4]. - As of the announcement date, the company has cumulatively used RMB 57 million of the excess funds [3]. Future Plans for Excess Funds - The company plans to use RMB 57 million of the excess funds for permanent working capital supplementation, which will not exceed 30% of the total excess funds within the last 12 months [4][5]. - This plan requires approval from the shareholders' meeting before implementation [4][6]. Necessity and Reasonableness of Fund Use - The use of excess funds for working capital is aligned with the company's operational needs and financial situation, aimed at maximizing shareholder interests [5][6]. - The company commits to not engaging in high-risk investments or providing financial assistance to entities outside its subsidiaries within 12 months after using the excess funds [5][6]. Review and Opinions - The supervisory board supports the use of excess funds for working capital, stating it will enhance fund efficiency and profitability without conflicting with the investment project plans [6][8]. - The sponsor has verified that the decision-making process complies with relevant regulations and does not harm investor interests [6][8].

Core Viewpoint - Shenzhen Youyou Green Energy Co., Ltd. is convening its first extraordinary general meeting of shareholders in 2025 to discuss two key proposals regarding changes in fundraising project implementation methods and the use of excess funds for the construction of a smart manufacturing base for electric vehicle charging and discharging equipment [1][2]. Meeting Details - The extraordinary general meeting will be held on July 30, 2025, at 14:30, with network voting available on the same day [2][3]. - Shareholders can participate in the meeting either in person or through authorized representatives, and network voting will be facilitated through the Shenzhen Stock Exchange systems [3][4]. Proposals for Discussion - The meeting will address the following proposals: 1. Change in the implementation method and location of certain fundraising projects. 2. Use of excess funds for the preliminary construction of a smart manufacturing base for electric vehicle charging and discharging equipment [1][8]. - The company plans to adjust the investment estimates for the "Headquarters and R&D Center Construction Project" and the "Charging Module Production Base Construction Project" to reflect the new construction method and location [8]. Governance Changes - The company will no longer have a supervisory board; its functions will be transferred to the audit committee of the board of directors [6][7]. - The first supervisory board's term has ended, and the company will nominate three candidates for the second board of directors, which will include both non-independent and independent directors [6][7]. Financial Adjustments - The company intends to utilize excess funds for the preliminary construction of the smart manufacturing base, which includes land acquisition, design, budgeting, and initial construction costs [8].

Group 1 - The company held its 12th meeting of the 4th Supervisory Board on July 11, 2025, with all legal procedures followed for the meeting [1] - The Supervisory Board approved the proposal to amend the company's articles of association and to handle business registration changes, aiming to enhance operational standards and governance structure [1][2] - The proposal to increase capital by 50 million yuan to its wholly-owned subsidiary, Hebei Anoda Automotive Shock Absorber Manufacturing Co., Ltd., for the construction of an intelligent manufacturing project for automotive suspension shock absorbers was approved [2][3] Group 2 - The total investment for the intelligent manufacturing project is estimated at 170 million yuan, with approximately 14.15 million yuan sourced from the remaining funds raised from the initial public offering [2][3] - The Supervisory Board approved the adjustment of the grant price for the 2024 restricted stock incentive plan, confirming compliance with relevant regulations [3][4] - The first vesting condition of the 2024 restricted stock incentive plan was deemed fulfilled, allowing the company to proceed with the vesting process for eligible participants [4][5] Group 3 - The Supervisory Board agreed to void a portion of the restricted stocks that had been granted but not yet vested, ensuring no harm to shareholders' interests [5]

Overview - The company plans to use part of the raised funds to increase capital in its subsidiary and acquire land and factory [1] Group 1: Capital Increase and Land Acquisition Overview - The company intends to use no more than 120 million yuan, with approximately 97.26 million yuan from remaining raised funds and the rest from its own funds, to increase capital in its wholly-owned subsidiary, Hainan Jinhaihui Investment Co., Ltd. [1] - The capital increase will be fully accounted for in the registered capital of Jinyuan (Shandong) New Energy Technology Development Co., Ltd. [1] - The funds will be used for bidding on land and factory that Jinyuan Technology currently leases, as well as for related taxes and fees [1] Group 2: Progress of Capital Increase - The company has completed the business registration change and received a new business license for Hainan Jinhaihui Investment Co., Ltd. [2] - The registered capital of Jinhaihui is 620 million yuan, and it is located in Haikou, Hainan Province [2] - Jinyuan Technology has a registered capital of 270 million yuan and is located in Liaocheng Economic and Technological Development Zone, Shandong Province [2] Group 3: Progress of Land and Factory Acquisition - Jinyuan Technology has successfully bid for the land and factory it currently leases, signing a "Confirmation of Auction Transaction" with Shandong Zhengxin Auction Co., Ltd. [3] - The final transaction price for the assets is 117,083,003.95 yuan [3] - The transfer of property rights will begin within 10 working days after the contract takes effect, with both parties responsible for their respective taxes and fees [4]

Core Viewpoint - The company plans to use part of the raised funds to permanently supplement its working capital, which has been approved by the board and requires shareholder approval [6][5]. Fundraising Basic Situation - The company raised a total of RMB 179,939.98 million through the issuance of 13,250,367 shares at a price of RMB 135.80 per share [2][4]. - The net amount raised after expenses was confirmed by an auditing firm [2]. Investment Project Overview - The total investment for the projects funded by the raised capital is RMB 66,314.44 million, with RMB 66,123.45 million planned to be allocated from the raised funds [3][4]. Plan for Using Excess Funds - The total excess funds amount to RMB 97,029.41 million, with a plan to use RMB 29,000 million for repaying bank loans and permanently supplementing working capital, which is less than 30% of the total excess funds [4][5]. Related Commitments and Explanations - The company commits that the cumulative use of excess funds will not exceed 30% within any 12-month period and that this will not affect the funding needs of the investment projects [5][6]. - The company will not engage in high-risk investments or provide financial assistance to entities outside of its subsidiaries within 12 months after the funds are supplemented [6]. Decision-Making Process - The proposal to use excess funds was approved by the board and requires further approval from the shareholders [6]. - The supervisory board supports the use of excess funds for working capital, stating it will not harm the interests of the company or its shareholders [6]. Sponsor's Review Opinion - The sponsor believes that the decision to use excess funds for working capital has followed necessary procedures and will enhance the efficiency of fund usage without altering the intended use of the raised funds [6].

Business Overview - The company specializes in the R&D, design, production, and sales of precision functional components, automation equipment, and cooling solutions, with applications in smartphones, tablets, laptops, wearables, servers, graphics cards, data center equipment, communication base stations, photovoltaic solar energy, and new energy vehicles [1] - In 2024, the company achieved a revenue of CNY 818.84 million, representing a year-on-year growth of 22.10%, and a net profit attributable to shareholders of CNY 109.72 million, with a growth of 3.65% [1] Production Capacity and Strategy - The overall production capacity utilization rate is maintained at a reasonable level, with stable operations across production bases. The company plans to adjust capacity based on market demand and order growth in the second half of the year [2] - The company is open to potential mergers and acquisitions, focusing on targets that align with its strategic investment plans and enhance its market share and core competitiveness [3] Use of Funds - The company adopts a cautious approach to the use of excess raised funds, planning to invest based on market conditions and strategic needs. Until specific uses are determined, excess funds will be managed to improve efficiency and returns [4] Cooling Business Applications - The cooling business includes various products such as liquid cooling modules and air cooling modules, primarily focusing on servers and consumer electronics, with some involvement in automotive and energy storage applications [5] Customer Orders and Growth - The company reports a healthy order situation for the first half of 2025, with strategies in place to deepen existing customer relationships and explore new application scenarios to drive growth [6][7] Factory Distribution - Production bases are located in Shenzhen, Dongguan, Meizhou, and Huai'an, each with specific focuses to enhance operational efficiency and economic benefits [8] International Expansion - The company has established branches and production bases in the USA, Vietnam, and Thailand, enhancing its global production capabilities and local customer service [9] Share Buyback Plan - The company announced a share buyback plan of CNY 20-30 million at a price not exceeding CNY 62, emphasizing the importance of market conditions and stock price performance in executing this plan [10]