Core Viewpoint - Zhejiang Tianzhen Technology Co., Ltd. has been issued a warning letter by the Zhejiang Securities Regulatory Bureau for failing to comply with regulations regarding the management and disclosure of raised funds [1][2][8] Group 1: Company Actions and Violations - The company approved the use of up to RMB 600 million of idle raised funds for cash management on December 12, 2023, but failed to disclose this in a timely manner until March 2025 [1][2] - The actions of the company violated the regulatory requirements outlined in the "Guidelines for the Management and Use of Raised Funds by Listed Companies" and the "Administrative Measures for Information Disclosure by Listed Companies" [1][2][8] - Key executives, including the chairman and general manager, were found negligent in ensuring compliance with these regulations [1][2] Group 2: Financial Performance - In the first half of 2025, the company reported revenue of RMB 796 million, a year-on-year increase of 153.97% [2][3] - The net profit attributable to shareholders was RMB 49.49 million, reflecting a significant increase of 250.49% compared to the previous year [2][3] - The net cash flow from operating activities was RMB 63.96 million, marking a 245.45% increase from the same period last year [3] Group 3: Company Background and IPO - Zhejiang Tianzhen Technology Co., Ltd. was established in 2003 and went public on November 14, 2022, raising a total of RMB 1.89 billion [4][6] - The company issued 30 million shares at an initial price of RMB 63 per share, but is currently trading below its IPO price [4][5] - The funds raised are intended for the production of new inorganic material composite flooring and to supplement working capital [5]