Fundraising Overview - The company raised a total of RMB 3,255,615,848.10 from its initial public offering, with a net amount of RMB 3,067,814,636.72 after deducting issuance costs [1][2] - As of June 30, 2025, the balance of the raised funds was RMB 1,326,809,869.83, after using RMB 162,305,087.78 during the reporting period [1][2] Fund Management - The company has established a fundraising management system in accordance with relevant regulations, ensuring proper storage, usage, and supervision of the raised funds [1][2] - A tripartite or quadripartite supervision agreement has been signed with banks and sponsors to ensure strict approval for the use of funds, maintaining dedicated usage [1][2] Fund Usage - The company temporarily supplemented working capital with RMB 40,000,000.00 of idle raised funds, which will be used for business expansion and R&D project expenses [2][3] - The company has not engaged in any early investment or replacement of fundraising projects during the reporting period [2][3] Cash Management - The company has been authorized to manage idle funds by investing in safe, liquid, principal-protected products, with a maximum of RMB 170,000,000.00 allocated for this purpose [2][3] - As of June 30, 2025, the company had a total of RMB 1,320,000,000.00 in cash management products [3][4] Project Investment Status - The company has not used any over-raised funds for permanent working capital supplementation or loan repayment during the reporting period [4][5] - There have been no changes in the use of fundraising projects or delays in project timelines reported [4][5]

Core Viewpoint - The company plans to use part of its raised funds to invest in the "Wuhan Guanggang Semiconductor Electronic Bulk Gas Station Project," with an investment amount of 350 million yuan from the excess raised funds [1][3][11]. Fundraising Overview - The company raised a total of 3,255,615,848.10 yuan from its initial public offering, with a net amount of 3,067,814,636.72 yuan after deducting issuance costs [1][2]. - The total amount of excess raised funds is 191,781.46 million yuan, which will be managed in a dedicated account [2][3]. Investment Project Details - The total planned investment for the Wuhan project is 503,451.1 million yuan, with 6,479.0 million yuan already invested from the company's own funds [3][6]. - The project will involve the phased construction of three ultra-pure nitrogen machines and auxiliary systems [6][8]. Project Financial Breakdown - The financial allocation for the project includes: - Equipment purchase costs: 372,454.7 million yuan (73.98%) - Construction and installation costs: 81,826.4 million yuan (16.25%) - Other costs: 49,169.9 million yuan (9.77%) [7]. Project Feasibility and Strategic Importance - The project aims to establish a regional center for electronic bulk gases in Central China, enhancing the company's competitive edge in the domestic electronic ultra-pure gas supply sector [8]. - The company possesses the necessary resources and expertise to ensure the project's successful construction and operation [8]. Risk Management Measures - The company will open a dedicated account for the excess raised funds and will implement strict regulatory measures to ensure the funds are used appropriately [9][11]. - The project will comply with all relevant policies and regulations, minimizing potential risks associated with administrative approvals and technical challenges [8][9]. Approval Process - The board of directors and the supervisory board have approved the use of excess funds for the new project, which will be submitted for shareholder approval [11][12].

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 - Guanggang Gas (688548.SH) has approved the use of part of its raised funds for the construction of a new project, specifically the "Wuhan Guanggang Semiconductor Electronic Bulk Gas Station Project" [1] Group 1 - The company has decided to utilize 350 million yuan of its raised funds for the new project [1] - The project name is subject to final registration [1]

Core Viewpoint - The recent launch of a bulk gas supply project for BOE's Chengdu 8.6-generation AMOLED production line marks a significant collaboration between Messer and Chengdu Gaotou Electronics Group, indicating a strategic partnership in the display panel supply chain [1][2]. Group 1 - The project is a joint venture between Messer and Chengdu Gaotou Electronics, with an initial investment of approximately 250 million yuan to establish a bulk gas supply system at BOE's Chengdu factory [2]. - The gas supply system will include ultra-pure nitrogen, high-purity oxygen, hydrogen, and carbon dioxide, tailored to meet BOE's production requirements [2]. - There are plans for further expansion based on BOE's gas demand in the project's second phase [2]. Group 2 - This collaboration follows a previous partnership between Messer and BOE for the Chengdu 6th-generation AMOLED production line, showcasing a continued relationship [3]. - In addition to expanding its business with BOE, Messer is also establishing supply chain systems for other leading display panel manufacturers in China [4]. - Messer's bulk gas station project in Hefei High-tech Zone, with a total investment of 340 million yuan, aims to support Hefei Guoxian's 8.6-generation AMOLED production line, which has a total investment of 55 billion yuan and is expected to start construction in September 2024 [4].

Group 1: International Connectivity and Trade - Chengdu has 73 international and regional direct flight routes, the highest in the Midwest region [1] - In 2024, Chengdu's international aviation hub is expected to handle 589,000 flights, with passenger throughput exceeding 87 million and cargo volume surpassing 1 million tons [1] - Chengdu's import and export value reached 839 billion yuan in 2024, accounting for 80.2% of the province's foreign trade, with a growth rate of 12.1% [2] Group 2: Economic Development and Investment - Chengdu has attracted 315 Fortune Global 500 companies to establish operations in the city [1][3] - In the first quarter of this year, Chengdu introduced 331 major projects with a total investment of 295.9 billion yuan, achieving 255% and 153% of the planned progress respectively [2] - The city aims to achieve over 5 billion USD in foreign investment, marking a 50% year-on-year increase [2] Group 3: Cultural and Sports Events - Chengdu will host 89 international and domestic events this year, including 45 international competitions [2] - The city is recognized as a popular destination for foreign tourists, expecting to receive 1.65 million inbound visitors in 2024 [1] Group 4: Strategic Initiatives for Open Economy - Chengdu's strategy for high-level opening includes enhancing connectivity, promoting cultural exchange, and improving the international business environment [4][7] - The city plans to open new international routes and enhance the "China-Europe Railway Express" to facilitate trade [7][8] - Chengdu's trade with ASEAN, the US, and the EU has seen significant growth, with increases of 26.9%, 34.7%, and 12.9% respectively [6] Group 5: Corporate Participation and Global Integration - Chengdu encourages local enterprises to participate in international markets, with companies like Connoa Bio and Airbus expressing strong commitment to global integration [9][10] - The city aims to attract cold chain manufacturers from Belt and Road countries to establish operations in Chengdu [10] - The presence of global companies like Linde Group highlights Chengdu's attractiveness for investment and development [10]