Core Viewpoint - The report outlines the fundraising activities and financial management of Jiangsu Huahai Chengke New Materials Co., Ltd., detailing the total amount raised, net proceeds, and the usage of funds as of June 30, 2025 [5][6][19]. Company Overview - Jiangsu Huahai Chengke New Materials Co., Ltd. is engaged in the production and sale of new materials, with its stock listed under the code 688535 [3]. Fundraising Details - The company successfully raised a total of RMB 706.3 million through the issuance of 20.18 million shares at a price of RMB 35.00 per share, with net proceeds amounting to RMB 632.94 million after deducting issuance costs of RMB 73.36 million [5][6]. - The funds were fully received and verified by Zhonghui Accounting Firm, with a verification report issued on March 31, 2023 [6]. Fund Usage and Management - As of June 30, 2025, the company has utilized RMB 422.01 million of the raised funds, leaving a balance of RMB 229.33 million in the dedicated account [8]. - The company has established a dedicated fund management system, ensuring compliance with relevant regulations and protecting investor interests [9]. - The company has not used any idle funds for temporary working capital or to replace prior investments [12][14]. Investment Projects - The company has invested RMB 54.62 million in a high-density integrated circuit and system-level module packaging project, which is progressing as planned, with completion expected by December 2025 [20]. - The company has also approved the use of excess funds for acquiring a 30% stake in Hengsu Huawai Electronics Co., Ltd., totaling RMB 480 million, including interest and returns [15]. Compliance and Reporting - The company adheres to the regulations set forth by the Shanghai Stock Exchange and has ensured timely and accurate disclosures regarding the use of raised funds [19].