Core Viewpoint - The company has implemented a comprehensive action plan aimed at enhancing quality, efficiency, and returns to investors, achieving significant operational improvements and financial growth in the first half of 2025 [1][2]. Group 1: Financial Performance - The company achieved a revenue of 2,305.06 million yuan, representing a year-on-year increase of 43.06% [1] - The net profit attributable to shareholders reached 87.19 million yuan, up 57.69% year-on-year [1] - Total assets at the end of the reporting period were 5,616.99 million yuan, an increase of 22.87% from the beginning of the year [1] - Equity attributable to the parent company was 2,582.61 million yuan, up 6.31% from the beginning of the year [1] Group 2: Investment Projects - The company has invested a total of 1.506 billion yuan from its IPO funds, with an investment progress of 84.33% [2] - Key projects include the construction and expansion of high-frequency, high-speed electronic circuit substrate production lines for 5G applications [2] - The company has effectively utilized idle funds to enhance liquidity while ensuring project construction and normal operations [2] Group 3: Research and Development - The company has 43 ongoing research projects, with 6 new projects initiated during the reporting period, focusing on cutting-edge technology and cost reduction [2] - A total of 115 patents have been obtained, including 47 invention patents and 64 utility model patents [2] Group 4: Governance and Compliance - The company is committed to improving its governance structure and compliance with regulations, holding various meetings to ensure decision-making is scientific and compliant [3] - The company has implemented a stock incentive plan and employee stock ownership plan to stabilize its research team [3][5] Group 5: Investor Relations - The company emphasizes sustainable shareholder returns, having distributed cash dividends of 1 yuan per 10 shares to all shareholders [5] - The company has actively engaged with investors through various channels, including performance briefings and site visits to enhance understanding of its operations [6]

Core Viewpoint - The company, Nanya New Materials Technology Co., Ltd., has completed certain fundraising projects and intends to permanently supplement its working capital with the remaining funds from these projects [1][5][7]. Fundraising Overview - The company raised a total of RMB 191,036.00 million through the issuance of 58.6 million A-shares at a price of RMB 32.60 per share, with a net amount of RMB 178,607.94 million after deducting issuance costs [1][2]. - The funds were stored in a dedicated account, and a regulatory agreement was signed with the underwriter and the bank [2]. Investment Plans and Usage - The investment projects included: - Construction project for 15 million square meters of high-frequency, high-speed electronic circuit substrates for 5G communications, with a total investment of RMB 6,500.00 million [2]. - Expansion project for 10 million square meters of high-frequency, high-speed electronic circuit substrates for 5G communications, with a total investment of RMB 39,785.99 million [2]. - The total planned investment was RMB 182,739.99 million, with RMB 179,755.99 million allocated from the raised funds [2]. Fund Usage and Surplus - As of June 30, 2025, the total funds used for the projects were RMB 131,039.00 million, with a surplus of RMB 22,090.32 million [3][4]. - The surplus was primarily due to effective cost control and management during the project implementation [4]. Future Plans for Surplus Funds - The company plans to use the surplus funds of RMB 22,090.32 million to permanently supplement its working capital for daily operations, enhancing cash flow and economic efficiency [4][5]. Decision-Making Process - The decision to conclude the fundraising projects and allocate surplus funds was approved by the company's board of directors and supervisory board, without the need for a shareholders' meeting [5][7]. - The supervisory board believes that using surplus funds for working capital will optimize resource allocation and improve the efficiency of fund usage, aligning with the company's development strategy [5][7]. Underwriter's Opinion - The underwriter, Everbright Securities, has no objections to the company's decision to conclude the fundraising projects and permanently supplement working capital, confirming compliance with relevant laws and regulations [6][7].

Core Viewpoint - Nanya New Materials Technology Co., Ltd. has completed certain fundraising projects from its 2022 A-share issuance and will permanently supplement its working capital with the remaining funds to optimize resource allocation and enhance operational efficiency [2][3] Fundraising and Project Completion - The total amount raised from the initial public offering in August 2020 was 1.91 billion RMB, with a net amount of 1.79 billion RMB after deducting issuance costs [2] - The funds were primarily allocated for two projects: the construction of a 15 million square meter high-frequency and high-speed electronic circuit substrate for 5G communications and the expansion of a 10 million square meter project in the same field [2] Project Financials - For the 15 million square meter project, the planned investment was 830.69 million RMB, with 801 million RMB from the raised funds. Cumulative investment from the raised funds reached 721.17 million RMB, resulting in an estimated surplus of 100.19 million RMB [2] - For the 10 million square meter expansion project, the planned investment was 479.70 million RMB, with the same amount from the raised funds. Cumulative investment reached 360.77 million RMB, leading to an estimated surplus of 120.71 million RMB [3] - The total estimated surplus from both projects amounts to 220.90 million RMB [3] Reasons for Surplus - The company attributed the surplus to strict adherence to fundraising regulations, effective cost control, and management during project implementation, which helped reduce total project expenditures [3] - Additionally, the company utilized some idle funds for cash management, generating investment income and interest during the funds' holding period [3] Future Plans for Surplus Funds - The company plans to use the surplus funds of 220.90 million RMB to enhance its cash flow and improve economic efficiency in daily operations [3] - After the surplus funds are fully allocated, the company will proceed with the cancellation of the related fundraising special account [3]