Core Viewpoint - Cansun Technology (688061) has announced a share buyback plan and the initiation of foreign exchange derivative trading to mitigate risks and adjust project timelines [1][2][3] Company Announcements - The company plans to repurchase shares through centralized bidding, with a minimum amount of 20 million yuan and a maximum of 40 million yuan, at a price not exceeding 52.46 yuan per share [1][3] - The company will use its own funds to engage in foreign exchange derivative trading, with a maximum contract value of 100 million yuan at any given time [2][3] - The timeline for the "High-Performance Sensor R&D and Industrialization Project" has been postponed to September 2027, and the "Special Integrated Circuit Packaging Construction Project" has been adjusted to October 2027 [2][3] Shareholder Information - As of September 15, 2025, the largest shareholder is Shanghai Jingyang Investment Consulting Co., Ltd., holding 51,988,283 shares, accounting for 45.25% [2]

Core Viewpoint - Canrui Technology (688061.SH) reported a revenue of 294 million RMB in the first half of 2025, reflecting an 8.57% year-on-year growth, but faced a net loss attributable to shareholders of 26.82 million RMB [1][3]. Financial Performance - The company's operating revenue for the first half of 2025 was 294,547,040.65 RMB, compared to 270,373,369.02 RMB in the same period last year, marking an increase of 8.57% [3]. - The total profit for the period was -27,511,475.01 RMB, worsening from -15,374,245.09 RMB year-on-year [3]. - The net profit attributable to shareholders was -26,823,513.45 RMB, compared to -5,979,501.85 RMB in the previous year [3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -40,867,710.45 RMB, compared to -24,927,533.52 RMB last year [3]. - The net cash flow from operating activities was -51,342,833.07 RMB, an improvement from -65,000,913.99 RMB in the same period last year [3]. Historical Context - Canrui Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on October 18, 2022, with an initial offering price of 112.69 RMB per share [4]. - The stock opened at 100.68 RMB on its first trading day, indicating a decline from its offering price and has remained in a state of decline since then [4]. - The total funds raised from the initial public offering amounted to 217,230.26 million RMB, with a net amount of 199,997.60 million RMB after deducting issuance costs [4]. - The company planned to use the raised funds for high-performance sensor R&D, power management chip R&D, specialized integrated circuit packaging, R&D center construction, and working capital supplementation [4]. Equity Distribution - In 2022, the company announced a cash dividend of 0.55 RMB per share and a capital reserve transfer of 0.49 shares for every share held, resulting in a total cash distribution of 42,408,835.70 RMB and a share increase of 37,782,417 shares [5][6]. - The total share capital after the distribution was 114,889,391 shares, with the record date for the distribution set for June 19, 2023, and the ex-dividend date on June 20, 2023 [6].

Core Viewpoint - The company, Shanghai Canrui Technology Co., Ltd., is adjusting the investment structure and delaying the implementation of certain fundraising projects, which is deemed a prudent decision based on the actual progress of the projects and market conditions [1][10]. Fundraising Overview - The company raised a total of RMB 217,230.26 million through the issuance of 19,276,800 shares at a price of RMB 112.69 per share, with a net amount after issuance costs being confirmed by an audit report [1][2]. Specifics of Fundraising Projects - The company has approved changes to the investment direction and implementation locations of certain fundraising projects, including the high-performance sensor R&D project and the power management chip R&D project, with adjusted investment amounts totaling RMB 241,248.49 million and RMB 200,490.44 million respectively [2][3]. Delay and Adjustment of Investment Structure - The company plans to delay the high-performance sensor R&D project and the dedicated integrated circuit packaging project, with a total investment of RMB 30,725.48 million as of August 18, 2025 [3][6]. - The delay is attributed to the need for careful planning and control of project investments, ensuring that the projects remain aligned with the company's strategic goals and market conditions [9][10]. Reasons for Project Delay - The delay is not due to any adverse conditions affecting the fundraising plan but is a strategic decision to optimize the investment outcomes and enhance efficiency [9][10]. Internal Investment Structure Adjustment - The internal investment structure for the dedicated integrated circuit packaging project is being adjusted to increase the allocation for facility renovation, which is necessary to meet growing production capacity demands [10][11]. Impact of Adjustments - The adjustments made to the fundraising projects do not change the investment purposes, total investment amounts, or implementation methods, and are not expected to adversely affect the company's normal operations [10][11]. Review Procedures and Opinions - The adjustments have been reviewed and approved by the company's board of directors and supervisory board, and will be submitted for shareholder approval [11][12].