Fundraising Overview - The company raised a total of RMB 3,499,999,996.64 by issuing 597,269,624 shares at RMB 5.86 per share, with a net amount of RMB 3,476,933,798.91 after deducting issuance costs [1][2] - As of June 30, 2025, the remaining balance of the raised funds was RMB 2,892,733,673.75 after utilizing RMB 584,842,678.10 for investment projects [1][2] Fund Management - The company has established a fundraising management system in compliance with relevant regulations to ensure proper use and oversight of the funds [1][2] - Specific bank accounts for fundraising have been set up, and agreements with banks and sponsors have been signed to ensure fund security [1][2] Fund Utilization - As of June 30, 2025, the company has utilized RMB 161,636,430.00 of self-raised funds for investment projects, with RMB 58,500,000.00 being replaced by the raised funds [2][3] - The company has not used idle funds for temporary working capital and has engaged in cash management to enhance fund efficiency, generating RMB 278,000.00 in interest income [2][3] Project Investment Status - The company has not changed the intended use of the raised funds and has reported no significant issues in fund management or disclosures [2][3] - The investment projects are progressing, with specific projects achieving varying levels of completion, such as the construction of a semi-submersible vessel reaching 99.57% completion [3][4]