Core Viewpoint - The report details the fundraising and usage status of Hangzhou Guoli Microelectronics Co., Ltd. for the first half of 2025, highlighting the total amount raised, expenditures, and management of the funds [1][2][7]. Fundraising Overview - The company raised a total of RMB 290 million through its initial public offering, with a net amount of RMB 268.38 million after deducting issuance costs of RMB 21.62 million [1][2]. - As of June 30, 2025, the company had utilized RMB 19.36 million in the current year and a cumulative total of RMB 200.74 million for fundraising projects [2][8]. Fund Usage Details - The company allocated RMB 12 million to supplement liquidity and RMB 72 million from over-raised funds for cash management [2][4]. - The remaining balance of the fundraising as of June 30, 2025, was RMB 8.66 million, including interest income and cash management returns [2][14]. Fund Management Practices - The company has established a fundraising management system to regulate the storage, usage, approval, and supervision of the funds [3][7]. - A tripartite supervision agreement was signed with several banks and the sponsor to ensure proper management of the funds [3][7]. Project Investment Progress - Specific projects funded include: - Integrated Circuit Yield Rate Technology Upgrade Project: RMB 8.34 million invested, 100.42% completion [4][9]. - High-Performance Wafer-Level Testing Equipment Upgrade Project: RMB 4.45 million invested, 62.00% completion [4][9]. - EDA Industrialization Base Project: RMB 6.57 million invested, 104.58% completion [4][9]. Changes in Project Implementation - The company approved the addition of subsidiaries as new implementation entities for several fundraising projects, including Hangzhou Guoli Testing Equipment Co., Ltd. and Shanghai Guoli Microelectronics Co., Ltd. [5][11]. Cash Management of Idle Funds - The company has utilized RMB 72 million of idle funds for cash management, investing in low-risk, high-liquidity financial products [5][6][13]. Compliance and Disclosure - The company has adhered to relevant laws and regulations regarding the storage and usage of fundraising, ensuring timely and accurate disclosures [7][8].