Summary of Key Points Core Viewpoint - The company intends to use raised funds to replace pre-invested self-raised funds for investment projects and expenses related to the issuance of shares, following necessary legal procedures and approvals [7][8]. Group 1: Fundraising Overview - The company has been approved to issue 45,312,900 shares at a price of RMB 11.50 per share, raising a total of RMB 521.0984 million, with a net amount of RMB 460.6722 million after deducting issuance costs [1][2]. - The total issuance costs amounted to RMB 60.4262 million (excluding VAT), with the net funds available for investment being lower than initially disclosed in the prospectus [2][3]. Group 2: Investment Project Adjustments - The total investment for the projects was adjusted from RMB 748.3020 million to RMB 612.3020 million, with the actual amount to be invested from the raised funds being RMB 460.6722 million [3][4]. - The company has made adjustments to the investment amounts for specific projects to ensure efficient use of the raised funds [2][3]. Group 3: Pre-Investment and Issuance Costs - The company has pre-invested a total of RMB 17.57628 million in the investment projects and has incurred issuance costs of RMB 12.9532 million, which will be replaced by the raised funds [5][6]. - The issuance costs include RMB 31.9541 million for underwriting and advisory fees, which have already been deducted from the total raised funds [6]. Group 4: Approval and Compliance - The board of directors and the supervisory board have approved the use of raised funds for replacing pre-invested amounts, and the process complies with relevant regulations [7][8]. - The accounting firm has issued a report confirming that the company's actions align with regulatory requirements and accurately reflect the situation regarding the use of funds [7].

Core Viewpoint - Haiyang Technology has successfully passed the IPO review, focusing on the nylon 6 industry and establishing a comprehensive product system in this field [1] Group 1: Company Overview - Haiyang Technology specializes in the research and production of nylon 6 series products, including chips, yarns, and tire fabrics [1] - The company has developed advanced production techniques and a wide range of nylon 6 products through independent and collaborative R&D efforts [1] - Haiyang Technology has established long-term partnerships with renowned domestic and international companies, enhancing its brand recognition [1] Group 2: Market Position - Haiyang Technology holds approximately 5.6% market share in the domestic nylon 6 chip market and 15.71% in the nylon tire fabric market as of 2023 [2] - The company emphasizes product differentiation and innovation, supported by its R&D-centered business model [2] - Haiyang Technology has been recognized as a "National Intellectual Property Advantage Enterprise" and has received multiple accolades for its innovation in the textile industry [2] Group 3: Financial Performance - From 2022 to 2024, the company's revenue is projected to increase from 4.067 billion to 5.542 billion yuan, while net profit is expected to grow from 154 million to 166 million yuan [2] - The company plans to raise approximately 612 million yuan through its IPO to fund new projects and supplement working capital [3]