Core Viewpoint - Nanchin Technology (688484.SH) plans to issue convertible bonds to raise funds for various chip development projects, with a total fundraising amount not exceeding 193.34 million yuan [1][2]. Group 1: Convertible Bond Issuance - The company intends to issue up to 19,333,811 convertible bonds, each with a face value of 100.00 yuan, with a maturity period of six years [1]. - The initial conversion price will be determined based on the average trading price of the company's A-shares over the previous twenty trading days and the last trading day, without upward adjustments [2]. - The funds raised will be allocated to three main projects: power management chips for intelligent computing, automotive chips, and industrial application sensors and control chips [2][3]. Group 2: Financial Performance - For the first half of 2025, the company reported a revenue of 1.47 billion yuan, representing a year-on-year increase of 17.60% [5][6]. - The net profit attributable to shareholders decreased by 40.21% to 123 million yuan, while the net profit after excluding non-recurring items fell by 52.70% to approximately 97 million yuan [5][6]. - The net cash flow from operating activities significantly declined by 98.24%, amounting to approximately 471 thousand yuan [5][6]. Group 3: Previous Fundraising and Use of Proceeds - In its previous public offering, the company raised a total of 254.06 million yuan, with a net amount of 237.48 million yuan after deducting issuance costs, exceeding the initial plan by 71.68 million yuan [4]. - The funds from the previous offering were intended for various chip development projects and working capital [4].

Fundraising Overview - The company raised a total of RMB 254,056.47 million by issuing 63.53 million shares at a price of RMB 39.99 per share, with a net amount of RMB 237,483.71 million after deducting issuance costs of RMB 16,572.76 million [1] - As of June 30, 2025, the company has invested RMB 90,667.58 million in projects and used RMB 75,060.61 million for permanent working capital, with a remaining balance of RMB 77,046.39 million [2][7] Fund Usage and Management - The company has implemented a special account storage system for the management of raised funds, in compliance with relevant laws and regulations [2][3] - The total amount of funds stored in special accounts as of June 30, 2025, includes various bank accounts with specific balances, ensuring proper oversight [3] Project Investment and Changes - The overall investment progress of the raised funds reached 71.49% as of August 28, 2025 [4] - The company has changed the project from "Testing Center Construction Project" to "Chip Testing Industrial Park Construction Project," with a total investment of RMB 144,250.24 million, divided into two phases [4][5] Financial Management of Idle Funds - The company has approved the use of idle funds for cash management, allowing up to RMB 12 billion to be invested in safe and liquid financial products, with a maximum investment period of 12 months [6][7] - As of June 30, 2025, the balance of temporarily idle funds used for cash management was RMB 6,000.00 million [7] Project Benefits and Performance - The "Testing Center Construction Project" is expected to enhance the company's R&D capabilities, although it does not generate direct economic benefits [9] - The projects funded by the raised capital are anticipated to improve the company's financial structure and cash flow, indirectly enhancing overall performance [9] Compliance and Reporting - The actual use of raised funds aligns with previously disclosed information, with no discrepancies noted in the company's periodic reports [10]

Trading Information Summary - On August 1, 2025, Nanchip Technology (688484) closed at 40.15 yuan, up 4.94%, with a turnover rate of 4.32%, trading volume of 126,700 shares, and a transaction amount of 501 million yuan [1] - The fund flow on August 1 showed a net outflow of 88,400 yuan from main funds, a net inflow of 23.63 million yuan from retail funds, and a net outflow of 23.54 million yuan from individual investors [4] Company Announcements Summary - Nanchip Technology expects to have daily related transactions with Shenzhen Gan Nan Semiconductor Technology Co., Ltd. in 2025, totaling no more than 10 million yuan (excluding tax), with 9 million yuan for purchasing raw materials and 1 million yuan for purchasing services [2][4] - The company plans to use up to 700 million yuan of idle raised funds for cash management, investing in high-security, liquid financial products, with a usage period not exceeding 12 months [2][5] - Nanchip Technology also intends to use up to 1.5 billion yuan of idle self-owned funds for cash management under similar conditions as above [5] - The registered capital of Nanchip Technology has been changed to 425.702911 million yuan, with the total number of shares increasing to 425.702911 million shares following the completion of stock registration for the first vesting period of the 2023 restricted stock incentive plan [3][4]

Core Viewpoint - The company plans to utilize part of its idle raised funds for cash management, with a maximum amount of RMB 700 million, to enhance fund efficiency while ensuring the safety and normal operation of its investment projects [1][5][6]. Fundraising Basic Situation - The company raised a total of RMB 2,540.5647 million through its initial public offering, with all funds received as of February 21, 2023 [2][3]. - The funds are stored in a special account approved by the board, with a three-party supervision agreement in place [3]. Investment Project Basic Situation - The raised funds will be used for two main projects: high-performance charging management and battery management chip R&D, and high-integration AC-DC chip group R&D, with a total investment of RMB 1,657.9948 million [3]. Cash Management Basic Situation - The purpose of cash management is to improve the efficiency of idle funds while ensuring that it does not affect the implementation of investment projects or the company's normal operations [5]. - The investment limit for cash management is set at a maximum of RMB 700 million, with a usage period not exceeding 12 months [5][6]. - The company will invest in high-safety, high-liquidity products, including but not limited to principal-protected financial products, structured deposits, and time deposits [5]. Implementation and Decision-Making - The board has authorized the chairman to make investment decisions and sign relevant contracts within the approved limits and duration [2][6]. - The finance department is responsible for organizing the implementation of cash management [6]. Impact on Company Operations - The planned cash management will not affect the normal operation of the company's main business or the progress of investment projects, and it aims to enhance overall performance and shareholder returns [6].

Core Viewpoint - The company plans to utilize part of its idle raised funds for cash management to enhance fund efficiency while ensuring that it does not affect the normal operation of its investment projects or the safety of the raised funds [4][8]. Fundraising Basic Situation - The company raised a total of RMB 254,056.47 million through its initial public offering, with all funds received as of February 21, 2023 [1]. - The funds are stored in a special account approved by the company's board of directors, and a tripartite supervision agreement has been signed [2]. Investment Project Basic Situation - The raised funds will be used for the development and industrialization of high-performance charging management and battery management chips, with a total investment of RMB 165,799.48 million [3]. Cash Management Basic Situation - The company intends to use up to RMB 700 million of idle raised funds for cash management, with a usage period not exceeding 12 months [4][7]. - The investment products will include high-safety, high-liquidity options such as principal-protected financial products, structured deposits, and time deposits [5]. Impact on Company Operations - The planned cash management will not affect the normal operation of the company's investment projects or its main business, and it aims to improve fund efficiency and overall performance [4][8]. Review Procedures - The board of directors and the supervisory board have approved the cash management plan, confirming compliance with relevant regulations and ensuring that it will not harm the interests of the company or its shareholders [6][8].