Fundraising Overview - The company raised a total of RMB 48,357.00 million from its initial public offering (IPO) by issuing 27 million shares at RMB 17.91 per share, with a net amount of RMB 42,555.16 million after deducting fees [1][2] - The company also issued convertible bonds totaling RMB 38,000.00 million, with a net amount of RMB 37,109.25 million after fees [2][3] Fund Utilization - As of June 30, 2025, the company has invested RMB 20,256.22 million from the IPO funds and RMB 9,026.00 million from the convertible bond funds [2][3][18] - The company has generated RMB 2,617.23 million in investment income from financial products related to the IPO funds [2][3] - The remaining balance of the IPO funds is RMB 12,862.84 million, while the convertible bond funds have a remaining balance of RMB 29,340.36 million [2][3] Fund Management - The company has established a dedicated account for fundraising and signed tripartite agreements with banks to ensure proper management and usage of the funds [5][7] - The company has not experienced any abnormal situations regarding the utilization of the fundraising projects [9] Project Status - The company’s fundraising projects, including the "R&D Center and Headquarters Construction Project," are ongoing, with no significant deviations reported [9][18] - The company has not made any changes to the fundraising project implementation or transferred any projects externally [9][18] Cash Management - The company has utilized idle fundraising funds for cash management, with a total of RMB 12,700.00 million in structured deposits and RMB 29,000.00 million in various financial products [9][11] - The company has not used idle funds to temporarily supplement working capital during the reporting period [9][18] Compliance and Reporting - The company has complied with all relevant laws and regulations regarding the use of fundraising and has disclosed the usage accurately and timely [9][18] - The company has not encountered any issues related to the use and disclosure of fundraising [9][18]