Core Viewpoint - The company, Fule New Materials, plans to raise up to 710 million yuan through a private placement of A-shares to fund expansion projects in label printing materials, electronic-grade functional materials, R&D center upgrades, and to supplement working capital [2]. Group 1: Fundraising and Project Allocation - The total investment for the projects is approximately 840.84 million yuan, with the raised funds allocated as follows: 243.2 million yuan for label printing materials expansion, 220.5 million yuan for electronic-grade functional materials upgrade, 36.3 million yuan for R&D center upgrades, and 210 million yuan for working capital [3]. - The electronic-grade functional materials project will be implemented in Jiaxing, Zhejiang, with an expected annual production capacity of about 37 million square meters upon completion [3][4]. Group 2: Project Details and Market Position - The electronic-grade functional materials market is dominated by international giants like 3M and Nitto Denko. The company aims to produce high-value materials such as OLED support films and folding protective films, leveraging its proprietary technologies to capture the domestic replacement market [4]. - The label printing materials expansion project is expected to add an annual production capacity of approximately 773 million square meters, including the purchase of coating machines and smart upgrades to existing production lines [4]. Group 3: R&D and Financial Performance - The R&D center upgrade will involve the establishment of a high-cleanliness laboratory and the acquisition of precision R&D equipment to enhance the development of high-end materials for OLED displays and flexible sensors [5]. - In the first half of 2025, the company reported a revenue of 1.334 billion yuan, a year-on-year increase of 15.4%, while the net profit attributable to shareholders decreased by 19.58% to 50.93 million yuan [5].

Core Viewpoint - The company Folei New Materials (605488) is set to unlock 982,800 restricted shares on August 28, representing 0.35% of its total share capital, following a recent trend of share unlocks over the past year [1][2]. Group 1: Share Unlock Details - A total of 772,000 shares have been unlocked in the past year, accounting for 0.28% of the total share capital [1]. - After the upcoming unlock, there will still be 1,878,800 restricted shares remaining, which is 0.67% of the total share capital [1]. - The breakdown of the unlocking involves various shareholders, including 189,000 shares from Kong Li Bang and 541,800 shares from middle management and core team members [2]. Group 2: Financial Performance - For the first half of 2025, the company reported a main revenue of 1.334 billion yuan, an increase of 15.4% year-on-year [3]. - The net profit attributable to shareholders decreased by 19.58% to 50.9348 million yuan, while the net profit excluding non-recurring items fell by 20.53% to 45.4288 million yuan [3]. - In Q2 2025, the company achieved a quarterly revenue of 731 million yuan, up 22.42% year-on-year, but the net profit attributable to shareholders dropped by 52.51% to 16.053 million yuan [3]. Group 3: Business Overview - Folei New Materials specializes in the research, development, production, and sales of industrial consumer products and high-end intelligent equipment, including advertising inkjet printing materials, label printing materials, electronic-grade functional materials, functional base film materials, and adhesive materials [3].