Core Points - The company has raised a total of RMB 1,854.59 million through its initial public offering, with a net amount of RMB 1,663.97 million after deducting issuance costs [1] - As of June 30, 2025, the company has utilized RMB 1,000.56 million of the raised funds, leaving a balance of RMB 635.77 million [1][4] - The company has established a management system for the raised funds to ensure compliance with relevant regulations and protect investor interests [1] Fundraising Overview - The company issued 187.14 million shares at a price of RMB 9.91 per share, resulting in total fundraising of RMB 1,854.59 million [1] - After deducting issuance costs, the actual net amount raised was RMB 1,663.97 million [1] - The company has cumulatively used RMB 1,000.56 million from the raised funds in previous years [1] Fund Utilization - In the current year, the company has used RMB 81.41 million of the raised funds [4] - The remaining balance of the raised funds as of June 30, 2025, is RMB 635.77 million [1][4] - The company has not engaged in any temporary use of idle funds to supplement working capital during the reporting period [2][4] Fund Management - The company has signed tripartite and quadripartite agreements with its sponsor and banks to regulate the storage and management of the raised funds [1] - The company has implemented a cash management strategy for idle funds, allowing for investment in low-risk financial products [3] - The total amount of idle funds used for cash management is capped at RMB 800 million [3] Project Status - The company has not made any changes to the fundraising investment projects during the reporting period [4] - There have been no instances of early investment or replacement of fundraising projects [4] - The company has reported that the progress of certain projects has been delayed due to market demand fluctuations and other objective factors [4]

Core Viewpoint - Youyan Silicon has terminated its major asset restructuring plan to acquire approximately 60% of the shares of Gaofeng (Beijing) Technology Co., Ltd. due to failure to reach consensus on certain commercial terms [1][2] Group 1: Transaction Details - The transaction was initially announced on March 5, 2025, with the intention to pay cash for the acquisition [1] - The termination agreement was signed after thorough discussions and negotiations among the parties involved [1][2] - The target company specializes in ultra-pure water systems for chip manufacturing and has developed core technologies in this field, aiming for domestic substitution of foreign technologies [2] Group 2: Financial Performance - Youyan Silicon's net profit has been declining for two consecutive years, with a reported revenue of 960.40 million yuan in 2023, down 18.29% year-on-year [4] - The net profit attributable to shareholders was 254.18 million yuan in 2023, a decrease of 27.65% [4] - In 2024, the company reported a total revenue of 995.95 million yuan, a year-on-year increase of 3.70%, but the net profit still declined by 8.37% to 232.90 million yuan [4] Group 3: Initial Public Offering (IPO) Information - The company raised a total of 1.85 billion yuan from its IPO, with a net amount of 1.66 billion yuan after deducting issuance costs [3] - The IPO was conducted on November 10, 2022, with 187,143,158 shares issued at a price of 9.91 yuan per share [2][3] - The funds raised were intended for projects related to the production of 8-inch silicon wafers and other operational needs [3]