Core Viewpoint - The company, Longsoft Technology, has announced the use of remaining raised funds amounting to RMB 13,078,142.99 to permanently supplement its working capital, which constitutes 18.97% of the total raised funds [2][7]. Fundraising Overview - The company was approved to publicly issue 17.69 million shares at a price of RMB 21.59 per share, raising a total of RMB 381,927,100.00, with a net amount of RMB 323,631,025.28 after deducting issuance costs [2]. - The raised funds were fully deposited into a designated account as of December 24, 2019, and have been managed under a tripartite supervision agreement [2]. Usage of Raised Funds - The raised funds were primarily allocated to projects including a mining safety big data cloud service platform and a smart mining IoT control platform, which have been completed as of March 18, 2022 [3]. - The company has previously used part of the raised funds for working capital, including RMB 20,000,000.00 in November 2022 and another RMB 20,000,000.00 in December 2023 [4][5]. Remaining Raised Funds Usage Plan - The total amount of raised funds is RMB 68,940,698.81, with the current plan to use RMB 13,078,142.99 for working capital, leaving the balance in the raised funds account at RMB 0 after this transaction [7]. - The company commits to not exceeding 30% of the total raised funds for permanent working capital usage within the last 12 months [9]. Compliance and Approval Process - The board of directors approved the use of remaining raised funds on February 27, 2026, and the proposal will be submitted for shareholder approval [10]. - The audit committee and the sponsoring institution have provided no objection to the plan, confirming compliance with relevant regulations [11][12]. Financial Performance Overview - For the fiscal year 2025, the company reported a revenue of RMB 15,663.07 million, a decrease of 52.33% year-on-year, and a net loss attributable to shareholders of RMB -5,485.21 million [32]. - The decline in revenue is attributed to a cyclical adjustment in the coal industry, increased competition, and a decrease in average selling prices [32][33].

Core Viewpoint - Beijing Longsoft Technology Co., Ltd. has received a warning letter from the Beijing Securities Regulatory Bureau due to irregularities in revenue and cost accounting, as well as accounts receivable management, which do not comply with relevant accounting standards and disclosure regulations [1][2]. Group 1: Regulatory Actions - The company has been ordered to rectify its accounting practices and has received a warning letter for the main responsible individuals, including the Chairman and General Manager [2][3]. - The company is required to submit a written rectification report within 15 working days of receiving the decision [2]. Group 2: Financial Performance Forecast - For the fiscal year 2025, the company expects to achieve operating revenue between 148 million and 164 million yuan, with a projected net loss attributable to shareholders of 49 million to 60 million yuan [18]. - The anticipated net profit after deducting non-recurring gains and losses is expected to be between 55 million and 68 million yuan [18]. - In comparison, the company reported an operating revenue of 328.6 million yuan and a net profit of 33.03 million yuan for the fiscal year 2024 [19]. Group 3: Market Conditions and Strategic Response - The coal industry is experiencing a cyclical adjustment, leading to a decline in market demand and a slowdown in customer investment decisions, which has resulted in lower-than-expected new orders for the company [20]. - The company is focusing on innovation and maintaining high levels of R&D investment to strengthen its core competitiveness in the intelligent mining sector [21].