Group 1 - The company raised a total of RMB 25,019.19 million through the issuance of 23.67 million shares at a price of RMB 10.57 per share, with a net amount of RMB 20,035.63 million after deducting issuance costs of RMB 4,983.56 million [2][4] - The company has established a fundraising management system to ensure the proper use of raised funds, adhering to relevant laws and regulations [2] - As of June 30, 2025, the company has utilized RMB 15,487.46 million of the raised funds, leaving a balance of RMB 5,353.45 million, which includes interest income of RMB 805.28 million [4][11] Group 2 - The company has committed to three projects: the technical transformation of the bottom slag treatment system production line, the construction of the heat accumulator production line, and the replenishment of working capital [7] - The actual investment amount of the raised funds is RMB 15,487.46 million, which is RMB 4,548.17 million less than the promised total of RMB 20,035.63 million due to project progress and remaining balances [9] - The company has adjusted the expected operational date for the bottom slag treatment system project from July 2024 to July 2025 to meet production capacity and R&D needs [8][17] Group 3 - The heat accumulator production line project has achieved a cumulative promised benefit of RMB 1,522.00 million, but only realized benefits of RMB 152.78 million as of June 30, 2025, due to market competition and technical promotion challenges [14][19] - The company has used part of the temporarily idle raised funds for cash management, with a limit of RMB 70 million, ensuring that it does not affect the normal investment plans [10] - The company has confirmed that the actual use of raised funds aligns with previously disclosed information, with no discrepancies noted [16]

Core Viewpoint - The report provides an overview of Qingdao Danuo Environmental Equipment Co., Ltd.'s fundraising and usage of funds, confirming compliance with regulations and detailing the financial status as of June 30, 2025 [5][21]. Group 1: Company Overview - Qingdao Danuo Environmental Equipment Co., Ltd. is listed under stock code 688501 and is involved in environmental equipment manufacturing [3]. - The company has undergone no significant changes in its governance structure or major operational risks during the reporting period [1][3]. Group 2: Financial Data - The company raised a total of RMB 250.19 million through the issuance of 23.67 million shares at a price of RMB 10.57 per share, with a net amount of RMB 200.36 million after deducting issuance costs [5][16]. - As of June 30, 2025, the company has utilized RMB 154.87 million of the raised funds, leaving a balance of RMB 53.53 million, along with interest income of RMB 8.05 million from the special account [6][10]. Group 3: Fund Management - The company has established a fundraising management system to ensure the proper storage, approval, and usage of the raised funds, adhering to relevant laws and regulations [8]. - A tripartite supervision agreement was signed with banks and the underwriting institution to ensure compliance and proper management of the funds [9][21]. Group 4: Fund Usage and Changes - The company has not made any changes to the investment projects funded by the raised capital, except for extending the project implementation timeline [12][14]. - The "Bottom Slag Treatment System Product Production Line Technical Transformation Project" has had its expected operational date adjusted from July 2024 to July 2025 due to market and operational considerations [13][17].