Fundraising Overview - The company raised a total of RMB 526,520,754.72 from the issuance of 60 million shares at a price of RMB 8.7753 per share, after deducting issuance costs of RMB 22,181,859.65, resulting in a net amount of RMB 50,433.89 million [1][2] - As of June 30, 2025, the company has utilized RMB 39,673.93 million of the raised funds, with a remaining balance of RMB 13,756.31 million [1][2] Fund Management - The company has established a fundraising management system to ensure proper use and management of the raised funds, with three special accounts opened at various banks [1][2] - The total balance in the special accounts as of June 30, 2025, is RMB 137,563,094.71 [2] Fund Utilization - The company has not used idle funds for temporary working capital and has not made any changes to the fundraising projects during the reporting period [2][3] - The company has approved the use of idle funds for cash management, with a maximum of RMB 200 million allocated for this purpose [2] Project Status - The company has reported that the investment projects are progressing, with specific projects such as the intelligent gas-insulated switchgear and technology research center construction showing varying levels of completion [3] - The completion date for certain projects has been extended to October 2025 to optimize resource allocation and enhance fundraising efficiency [3]