Core Points - Dary Electronics (300976.SZ) closed at 57.62 yuan, with a decline of 2.50%, currently in a broken state [1] - The company was listed on the Shenzhen Stock Exchange's ChiNext board on April 19, 2021, with an initial offering price of 168.00 yuan per share and issued 13.053667 million shares [1] - On its first trading day, Dary Electronics reached a peak price of 270.20 yuan, but has since experienced a downward trend [2] Fundraising and Financials - The total amount raised from the initial public offering (IPO) was 2.193 billion yuan, with a net amount of 2.038 billion yuan after deducting issuance costs [2] - The IPO aimed to raise 1.469 billion yuan for various projects, including production of precision functional components for consumer electronics, structural components for wearable electronics, automation equipment for 3C electronics assembly, R&D center construction, and working capital [2] - The total issuance costs amounted to 155 million yuan, with Guotai Junan Securities receiving 129 million yuan for sponsorship and underwriting fees [2] Dividend Distribution - In the 2020 annual equity distribution announcement, the company proposed a plan to distribute 10 yuan in cash for every 10 shares held, along with a capital reserve conversion of 8 additional shares for every 10 shares held [2]

Core Points - Dali Electronics (300976.SZ) closed at 57.62 yuan, with a decline of 2.50%, currently in a state of breaking issue [1] - The company was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on April 19, 2021, with an initial offering price of 168.00 yuan per share [1] - On the first day of trading, the stock reached a peak price of 270.20 yuan but has since experienced a downward trend [1] - The total amount raised from the initial public offering (IPO) was 2.193 billion yuan, with a net amount of 2.038 billion yuan after deducting issuance costs [1] - The IPO proceeds were intended for various projects, including production of precision functional components for consumer electronics, structural components for wearable electronics, automation equipment for 3C electronics assembly, R&D center construction, and working capital [1] - The total issuance costs for the IPO amounted to 155 million yuan, with Guotai Junan Securities receiving 129 million yuan for sponsorship and underwriting fees [1] Dividend Distribution - In the 2020 annual equity distribution announcement, the company declared a cash dividend of 10 yuan for every 10 shares, along with a capital reserve conversion of 8 additional shares for every 10 shares held [2] - The record date for this equity distribution was set for June 1, 2021, and the ex-dividend date was June 2, 2021 [2]

Summary of Key Points Core Viewpoint The report provides a detailed account of Dongguan Darui Electronics Co., Ltd.'s fundraising activities, including the total amount raised, the usage of funds, and the management of these funds as of June 30, 2025. It highlights the company's compliance with regulatory requirements and outlines the financial status of its fundraising projects. Fundraising Overview - The company raised a total of RMB 2,193,016,056.00 through its initial public offering, with a net amount of RMB 2,038,096,865.89 after deducting issuance costs [1] - The funds were fully received by April 12, 2021, and verified by an accounting firm [1] Fund Usage and Balance - As of June 30, 2025, the net amount of raised funds was RMB 203,809.69 million, with cumulative investments in fundraising projects totaling RMB 143,402.16 million [2] - The company invested RMB 16,792.00 million in fundraising projects during the reporting period [2] - The remaining balance of unused funds was RMB 63,419.17 million, including RMB 58,400.00 million temporarily idle for cash management [2] Fund Management - The company established a fundraising management system in compliance with relevant regulations, including a dedicated management method for the storage and use of funds [2] - Special accounts were opened for the management of fundraising funds, and a tripartite supervision agreement was signed with several banks [2][3] Cash Management - The company has been authorized to use up to RMB 11 billion of temporarily idle funds for cash management, with a subsequent approval to use up to RMB 8 billion [6] - As of June 30, 2025, the company earned RMB 518.92 million from cash management activities [8] Project Implementation and Adjustments - The "3C Electronic Assembly Automation Equipment Production Project" and "Wearable Electronic Product Structural Parts Production Project" have reached their intended usable status as of March 25, 2024, and March 25, 2025, respectively [9][10] - The company has not made any changes to the implementation locations or methods of fundraising projects as of June 30, 2025 [12] Surplus Fund Usage - Surplus funds from the projects have been permanently allocated to supplement working capital, with specific amounts detailed for each project [9][10][14] - The company has also reported on the usage of over-raised funds, with a total of RMB 56,869.28 million in surplus funds, of which RMB 1,322.72 million remains unallocated [14]

Core Viewpoint - The company has adjusted the implementation progress of certain fundraising projects, concluded some projects, and decided to permanently supplement working capital with surplus and remaining over-raised funds [1][6][10]. Fundraising Basic Situation - The company raised a total of RMB 2,193,016,056.00 from its initial public offering, with a net amount of RMB 2,038,096,865.89 after deducting issuance costs [1][2]. Fundraising Usage Situation - As of the announcement date, the company has committed to various investment projects, with specific amounts allocated and progress tracked [2][3]. Adjustments to Project Implementation Progress - The implementation timeline for two projects has been extended from March 25, 2025, to September 25, 2026, without changing the project content or funding usage [3][10]. Conclusion of Certain Projects - The "Wearable Electronic Product Structural Component Production Project" has been completed and is eligible for conclusion, with a total investment of RMB 16,820.22 million, of which RMB 16,294.40 million was from raised funds [4][6]. Surplus Fund Usage Plan - The company plans to use surplus funds of RMB 1,442.65 million from the concluded project to permanently supplement working capital [4][9]. Remaining Over-raised Funds - The total amount of remaining over-raised funds is RMB 56,869.28 million, with plans to use RMB 4,842.46 million of this for working capital [5][7]. Approval Process - The adjustments and fund usage plans have been approved by the company's board of directors and supervisory board, ensuring compliance with relevant regulations [10][11].