Group 1 - The core viewpoint of the article is that LianKe Technology is planning to raise up to 300 million yuan through a simplified procedure for a specific audience to fund its Phase II project for producing 100,000 tons of high-pressure cable shielding materials using nano-carbon materials [1][2] - Since its IPO in June 2021, LianKe Technology has established a rapid financing rhythm, raising a total of over 1.2 billion yuan in four years, with the latest fundraising effort expected to bring the total to over 1.2 billion yuan [1] - As of the end of 2024, LianKe Technology's financial data shows a strong cash position with 741 million yuan in cash and low liabilities of only 109 million yuan, resulting in a debt-to-asset ratio of 32%, significantly lower than the chemical industry average of 45% [1] Group 2 - The company attributes this fundraising to the strategic need for domestic substitution of high-pressure cable shielding materials, although its broad monetary funds exceed 700 million yuan, which is sufficient to cover the total investment of 392 million yuan for the project [2] - It is noteworthy that the IPO fundraising project for the "Research and Testing Center Construction" has faced multiple delays, with the latest completion expected in June 2025, two years behind the original schedule [2] - According to the "Securities Issuance Registration Management Measures for Listed Companies," the simplified procedure is applicable for projects with a fundraising amount not exceeding 300 million yuan and not exceeding 20% of net assets, which aligns with LianKe Technology's current fundraising plan [2]