Core Points - The company has approved the conclusion of the "Annual Production of 60 Million PTC Electric Heaters" project and will permanently supplement the remaining funds of 120.86 million yuan into its working capital [2][7] - The total amount raised from the issuance of shares in 2020 was approximately 608.83 million yuan, with a net amount of 604.24 million yuan after deducting issuance costs [2][3] - The project originally scheduled to be operational by June 30, 2023, has been delayed to June 30, 2025, due to equipment debugging and construction plan adjustments [4][5] Fund Usage and Status - The total planned investment for the "Annual Production of 60 Million PTC Electric Heaters" project is 292.83 million yuan, with 267.37 million yuan committed from raised funds [4][5] - As of June 30, 2025, the company has invested 237.24 million yuan in the project, with actual expenditures of 232.80 million yuan, representing 83.79% of the construction funds [5][6] - The remaining funds of 120.86 million yuan are a result of effective cost control and management during the project [6][7] Future Plans and Approvals - The company plans to use the remaining funds to enhance operational efficiency and support daily production activities, including expansion into new production areas [7][8] - The proposal to conclude the project and reallocate the remaining funds requires approval from the shareholders' meeting [8][9] - The sponsor institution has expressed no objections to the company's plan, confirming compliance with relevant regulations [9]