Core Viewpoint - The company, Yinghantong, has a diversified business covering five major sectors: enterprise networks, digital energy, industrial and building IoT, smart commerce, and vehicle and transportation, with a strong focus on the digital energy sector, particularly in smart distribution networks [1] Group 1: Business Overview - The digital energy segment primarily focuses on smart distribution networks, where the company has over ten years of experience [1] - Core products and services include smart distribution network status monitoring systems, industrial IoT communication products, cable fault detection devices, smart distribution station monitoring systems, emergency power vehicle intelligent management systems, and grounding fault judgment terminals [1] - The company provides daily operation and maintenance, fault troubleshooting, and data analysis services for distribution automation equipment through its subsidiary [1] Group 2: Clientele and Revenue - The company has served multiple power clients, including State Grid and Southern Power Grid, covering various provinces across the country [1] - As of December 31, 2024, the digital energy segment achieved revenue of 162.5978 million, accounting for 26.58% of the company's total revenue [1] - The company plans to continue deepening the integration of technology and scenarios to seize opportunities in the power IoT industry [1]

Fundraising Overview - The company raised a total of RMB 362.15 million through its initial public offering, with a net amount of RMB 313.72 million after deducting fees [1][2] - As of December 31, 2024, the company has used RMB 269.07 million of the raised funds, with a remaining balance of RMB 53.37 million in the fundraising account [2][3] Fund Management - The company has established a specific management method for the raised funds, ensuring they are stored in a dedicated account and used according to regulations [3][4] - The company has signed tripartite and quadripartite agreements with banks and sponsors to ensure strict approval processes for fund usage [3][4] Fund Usage - In 2024, the company utilized RMB 30.60 million for investment projects and RMB 10.60 million from over-raised funds to supplement working capital [2][6] - Cumulatively, the company has permanently supplemented working capital with RMB 54.82 million from over-raised funds as of December 31, 2024 [8] Project Changes - The company changed the project "Intelligent Storage Tank Remote Monitoring (RTM) System R&D" to "Intelligent Low-Voltage Distribution Solution R&D" due to market challenges [12][13] Compliance and Reporting - The company has complied with all relevant regulations regarding the management and usage of raised funds, with no violations reported [15][16] - The independent auditor confirmed that the company's fundraising activities were accurately reported and compliant with regulations [16][17]