Core Viewpoint - 华大智造 reported a decline in revenue and continued net losses in the first half of 2025, indicating ongoing financial challenges for the company [1]. Financial Performance - In the first half of 2025, the company's operating revenue was 1.114 billion yuan, a year-on-year decrease of 7.9% [1]. - The net profit attributable to shareholders was -104 million yuan, an improvement from -298 million yuan in the same period last year [1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -203 million yuan, compared to -324 million yuan in the previous year [1]. - The net cash flow from operating activities was -150 million yuan [1]. Historical Financial Data - For the years 2023 and 2024, the net profit attributable to shareholders was -607 million yuan and -601 million yuan, respectively [4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for the same years was -683 million yuan and -653 million yuan, respectively [4]. Fundraising and Use of Proceeds - 华大智造 raised a total of 3.602 billion yuan, with a net amount of 3.285 billion yuan after deducting issuance costs [3]. - The company planned to use the funds for various projects, including the establishment of an intelligent manufacturing and R&D base, development of semiconductor-based gene sequencing instruments, and marketing service center construction [3].

Core Viewpoint - Shenzhen BGI Intelligent Manufacturing Technology Co., Ltd. reported on the management and usage of raised funds for the first half of 2025, detailing the total amount raised, its allocation, and the current balance of funds [1][3]. Fundraising Overview - The total amount raised from the initial public offering (IPO) was approximately RMB 3.60 billion, with a net amount of RMB 3.31 billion after deducting issuance costs [1][3]. - As of December 31, 2024, the balance of the raised funds was RMB 1.82 billion, which decreased to RMB 1.67 billion by June 30, 2025, after accounting for usage and interest income [1][2]. Fund Usage and Management - The company has established a fundraising management system to ensure proper storage and usage of the funds, adhering to relevant regulations [1][3]. - The company signed tripartite and quadripartite agreements with its sponsor and banks to regulate the management of the raised funds [1][3]. Fund Allocation - The actual usage of the raised funds for the reporting period was RMB 39.11 million, with a cumulative total of RMB 1.57 billion used to date [3][4]. - There were no instances of using idle funds for temporary working capital or for repaying bank loans during the reporting period [3][4]. Project Status and Adjustments - The company completed the investment projects "BGI Intelligent Manufacturing Information System Construction" and "BGI Intelligent Manufacturing Marketing Service Center Construction," leading to a decision to permanently supplement working capital with the remaining funds [3][4]. - The timeline for the "BGI Intelligent Manufacturing and R&D Base Project" has been extended to March 2026 due to construction delays [3][4]. Financial Management - The company has engaged in cash management for idle funds, investing in high-security and liquid financial products, with a total of RMB 868 million allocated to various structured deposits [2][4]. - The company reported an investment income of RMB 16.28 million from these financial products, which has been returned to the fundraising account [4][6].