Core Viewpoint - The stock price of Juhe Materials (688503) has decreased by 3.56% to 81.93 yuan as of January 23, 2026, after reaching a nearly one-year high of 87.78 yuan on January 19, 2026 [1] Group 1: Company Announcements - Juhe Materials plans to conclude two fundraising projects, resulting in a surplus of 95.562 million yuan, which will be permanently allocated to supplement working capital. This surplus is attributed to improved cost control and resource optimization [2][4] - The company intends to engage in foreign exchange derivative trading to mitigate market risks associated with currency fluctuations. The maximum contract value will not exceed 1.5 billion yuan, with a trading margin and premium cap of 200 million yuan, funded by its own resources [3][4]

Core Viewpoint - The company plans to permanently supplement its working capital with a surplus of 95.562 million yuan from fundraising [1] Group 1: Fundraising and Project Completion - The surplus funds are derived from the completion of fundraising projects [1] - The completed projects include the high-end photovoltaic electronic materials base project and the construction of a specialized electronic functional materials factory and R&D center in Jiangsu [1]