Core Viewpoint - The company, Suochen Technology, announced adjustments to its internal investment structure for its "R&D Center Construction Project" and "Annual Production of 260 DEMX Underwater Noise Test Instruments" project, delaying the completion of the R&D center from April 2026 to April 2028 [2][3] Group 1: Project Adjustments - The investment progress for the "R&D Center Construction Project" is only 27.87% as of June 30, 2025, while the "Annual Production of 260 DEMX Underwater Noise Test Instruments" project has surpassed 50% [3] - The company plans to reduce personnel salary input for the R&D project by 49%, with a budget cut of 127 million yuan, while increasing the budget for equipment purchases by 125 million yuan [4] - The adjustments aim to enhance the efficiency of fund usage and expedite the company's strategic implementation, focusing on meeting equipment needs rather than building a high-end R&D talent team [4] Group 2: Financial Performance - In the first three quarters of 2025, the company reported a revenue of 106 million yuan, a year-on-year increase of 27.83%, but incurred a net loss of 75.95 million yuan, reflecting a "revenue growth without profit" situation [6] - Despite being in a favorable market for domestic alternatives and industrial software, the company's financial performance remains under pressure, with a net loss exceeding 30 million yuan in the third quarter of 2025 [6] - The average salary of R&D personnel decreased from 210,500 yuan in the first half of 2024 to 157,300 yuan in the first half of 2025, despite an increase in the number of R&D staff from 185 to 202 [6]

Group 1 - The company held its 22nd meeting of the second board on December 16, 2025, where all 7 attending directors approved the agenda [2][4] - The board approved the adjustment of internal investment structure and the postponement of the "Research and Development Center Construction Project" and "Annual Production of 260 DEMX Underwater Noise Testers Project" [3][12] - The deadline for the "Research and Development Center Construction Project" to reach the intended usable state has been postponed from April 2026 to April 2028 [3][10] Group 2 - The company raised a total of RMB 253,746.97 million from the public offering of 10,333,400 shares at a price of RMB 245.56 per share, with a net amount of RMB 231,574.91 million after deducting fees [7][8] - As of June 30, 2025, the company has invested a total of RMB 50,446.40 million of the raised funds [8] - The adjustments in the internal investment structure are based on the actual construction progress and strategic development needs, ensuring that the project implementation subject, total investment, and fund usage remain unchanged [6][11] Group 3 - The adjustments in the investment structure include increasing the investment in equipment and rental for the "Research and Development Center Construction Project" while reducing personnel costs [9] - For the "Annual Production of 260 DEMX Underwater Noise Testers Project," the company has increased fixed asset investment while reducing working capital [9] - The postponement is due to the complexity of the CAE products requiring highly skilled professionals, leading to a more cautious approach in fund utilization [10][11] Group 4 - The board's decision on the adjustments and postponement is within its approval authority and does not require shareholder meeting approval [6][12] - The sponsor institution, Guotai Junan Securities, has provided a clear verification opinion on the matter [7][13] - The adjustments will not adversely affect the company's normal operations or long-term development plans [11]

Core Viewpoint - The company announced an adjustment to the internal investment structure and a delay for certain fundraising projects, specifically the "R&D Center Construction Project" and the "Annual Production of 260 DEMX Underwater Noise Testing Instruments Project" [1] Group 1: Project Adjustments - The internal investment structure for the "R&D Center Construction Project" and the "Annual Production of 260 DEMX Underwater Noise Testing Instruments Project" will be adjusted [1] - The timeline for the "R&D Center Construction Project" to reach the intended usable state has been postponed from April 2026 to April 2028 [1] - The adjustments and delays will not affect the implementation subject, total investment amount, or the use of funds for the fundraising projects [1]

Core Points - The stock of Suochen Technology (688507.SH) closed at 90.00 yuan, reflecting a decline of 2.70% and is currently in a state of breaking below its initial public offering price [1] - Suochen Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 18, 2023, with an issuance of 10,333,400 shares at a price of 245.56 yuan per share [1] - The total funds raised from the initial public offering amounted to 253.75 million yuan, with a net amount of 231.57 million yuan, exceeding the original plan by 134.68 million yuan [1] - The company plans to use the raised funds for various projects, including the construction of a research and development center and the production of underwater noise testing instruments [1] Financial Summary - The total issuance costs for the initial public offering were 22.17 million yuan (excluding tax), with underwriting fees accounting for 19.23 million yuan [2] - In the 2022 annual profit distribution, the company distributed a cash dividend of 0.15 yuan per share and increased its capital stock by 0.48 shares for every share held, resulting in a total capital increase of 19,840,032 shares [2] - For the 2023 annual profit distribution, the company plans to distribute a cash dividend of 3.80 yuan for every 10 shares and increase capital stock by 4.60 shares for every 10 shares held, with the record date set for June 18, 2024 [2]

Group 1 - The stock of Suochen Technology (688507.SH) closed at 90.00 yuan, with a decline of 2.70%, currently in a broken state [1] - Suochen Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 18, 2023, with an issuance of 10,333,400 shares at a price of 245.56 yuan per share [1] - The total amount raised from the initial public offering (IPO) was 253,746.97 million yuan, with a net amount of 231,574.91 million yuan, exceeding the original plan by 134,684.55 million yuan [1] Group 2 - The funds raised are intended for projects including the construction of a research and development center, an industrial simulation cloud project, the construction of 260 DEMX underwater noise testing instruments, marketing network development, and to supplement working capital [1] - The total issuance costs for the IPO amounted to 22,172.06 million yuan (excluding tax), with underwriting fees of 19,231.02 million yuan [1] Group 3 - On June 13, 2023, Suochen Technology announced a profit distribution plan, distributing a cash dividend of 0.15 yuan per share and a capital reserve increase of 0.48 shares for every share held, resulting in a total distribution of 6,200,010 yuan in cash and an increase of 19,840,032 shares [2] - The total share capital after the distribution will be 61,173,432 shares, with the ex-dividend date set for June 20, 2023 [2] - For the 2023 annual profit distribution, the company plans to distribute a cash dividend of 3.80 yuan for every 10 shares and a capital reserve increase of 4.60 shares for every 10 shares, with the ex-dividend date set for June 19, 2024 [2]

Core Points - Suochen Technology (688507.SH) closed at 99.01 yuan, down 8.89%, with a total market capitalization of 8.823 billion yuan, currently in a state of breaking issue [1] - The company was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 18, 2023, with an issuance of 10.3334 million shares at a price of 245.56 yuan per share [1] - The total funds raised from the initial public offering amounted to 253.74697 million yuan, with a net amount of 231.57491 million yuan, exceeding the original plan by 134.68455 million yuan [1] - The funds are intended for projects including the construction of a research and development center, industrial simulation cloud project, production of 260 underwater noise testing instruments, marketing network development, and working capital [1] Financial Summary - The total issuance costs for the initial public offering were 22.17206 million yuan (excluding tax), with underwriting fees amounting to 19.23102 million yuan [2] - The company announced a cash dividend of 0.15 yuan per share (including tax) and a capital reserve transfer of 0.48 shares for every share held, resulting in a total distribution of 6.20001 million yuan in cash and a transfer of 19.840032 million shares, increasing the total share capital to 61.173432 million shares [2] - For the 2023 annual profit distribution, the company plans to distribute a cash dividend of 3.80 yuan for every 10 shares (including tax) and a capital reserve transfer of 4.60 shares for every 10 shares, with the record date set for June 18, 2024 [2]

Group 1 - The stock of Suochen Technology (688507.SH) closed at 101.99 yuan, with a decline of 5.13%, currently in a broken state [1] - Suochen Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 18, 2023, with an issuance of 10,333,400 shares at a price of 245.56 yuan per share [1] - The total funds raised from the initial public offering amounted to 253,746.97 million yuan, with a net amount of 231,574.91 million yuan, exceeding the original plan by 134,684.55 million yuan [1] Group 2 - The company plans to use the raised funds for projects including the construction of a research and development center, an industrial simulation cloud project, the construction of 260 DEMX underwater noise testing instruments, marketing network development, and to supplement working capital [1] - The total issuance costs for the initial public offering were 22,172.06 million yuan (excluding tax), with underwriting fees amounting to 19,231.02 million yuan [1] Group 3 - On June 13, 2023, Suochen Technology announced a profit distribution plan, distributing a cash dividend of 0.15 yuan per share and a capital increase of 0.48 shares for every share held, resulting in a total distribution of 6,200,010 yuan in cash and an increase of 19,840,032 shares [2] - The total share capital after the distribution was 61,173,432 shares, with the ex-dividend date set for June 20, 2023 [2] - For the 2023 annual profit distribution, the company plans to distribute a cash dividend of 3.80 yuan for every 10 shares and a capital increase of 4.60 shares for every 10 shares, with the ex-dividend date set for June 19, 2024 [2]

Group 1 - The stock of Suochen Technology (688507.SH) closed at 102.89 yuan, with a decline of 2.32%, currently in a broken state [1] - Suochen Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 18, 2023, with an issuance of 10,333,400 shares at a price of 245.56 yuan per share [1] - The total funds raised from the initial public offering amounted to 253,746.97 million yuan, with a net amount of 231,574.91 million yuan, exceeding the original plan by 134,684.55 million yuan [1] Group 2 - The company plans to use the raised funds for various projects, including the construction of a research and development center, an industrial simulation cloud project, the construction of 260 DEMX underwater noise testing instruments, marketing network development, and to supplement working capital [1] - The total issuance costs for the initial public offering were 22,172.06 million yuan (excluding tax), with underwriting fees amounting to 19,231.02 million yuan [1] Group 3 - On June 13, 2023, Suochen Technology announced a profit distribution plan, distributing a cash dividend of 0.15 yuan per share and a capital reserve increase of 0.48 shares for every share held, resulting in a total distribution of 6,200,010 yuan in cash and an increase of 19,840,032 shares [2] - Following the profit distribution, the total share capital increased to 61,173,432 shares, with the ex-dividend date set for June 20, 2023 [2] - For the 2023 annual profit distribution, the company plans to distribute a cash dividend of 3.80 yuan for every 10 shares and a capital reserve increase of 4.60 shares for every 10 shares, with the ex-dividend date set for June 19, 2024 [2]

Group 1 - The core viewpoint of the news is that Suochen Technology (688507.SH) is currently experiencing a decline in stock price, with a closing price of 85.50 yuan and a drop of 2.8%, indicating a state of being below its initial public offering price [1] - Suochen Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 18, 2023, with an issuance of 10,333,400 shares at a price of 245.56 yuan per share [1] - The total amount raised from the initial public offering was 253,746.97 million yuan, with a net amount of 231,574.91 million yuan, exceeding the original plan by 134,684.55 million yuan [1] Group 2 - The total issuance costs for Suochen Technology's IPO amounted to 22,172.06 million yuan (excluding tax), with underwriting fees accounting for 19,231.02 million yuan [2] - The company announced a cash dividend of 0.15 yuan per share (including tax) and a capital reserve increase of 0.48 shares for every share held, resulting in a total distribution of 6,200,010 yuan in cash dividends and an increase of 19,840,032 shares, raising the total share capital to 61,173,432 shares [2] - For the 2023 annual profit distribution, the company plans to distribute a cash dividend of 3.80 yuan for every 10 shares (including tax) and a capital reserve increase of 4.60 shares for every 10 shares, with the record date set for June 18, 2024 [2]

Summary of Key Points Core Viewpoint - The company intends to use part of the excess raised funds to permanently supplement its working capital, which is expected to enhance operational efficiency and reduce financial costs while ensuring that the funding needs for investment projects are met [1][3][6]. Group 1: Fundraising Overview - The company successfully issued 10,333,400 shares at a price of 245.56 RMB per share, raising a total of 2,537,469,704 RMB, with a net amount of 231,574.91 million RMB after deducting issuance costs [1][5]. - The total amount of excess funds raised is 134,684.55 million RMB, which is subject to regulatory guidelines regarding the use of excess funds [5]. Group 2: Investment Project Details - The company plans to invest in the construction of 260 DEMX underwater noise testing instruments, with a total investment of 103,480.36 million RMB, of which 96,890.36 million RMB will be funded from the raised capital [2]. Group 3: Use of Excess Funds - The company proposes to use 40,405.00 million RMB of the excess funds, which accounts for 30% of the total excess funds, to supplement working capital [3][4]. - The company has committed that the cumulative use of excess funds for working capital or repaying bank loans will not exceed 30% of the total excess funds within any twelve-month period [4][5]. Group 4: Approval Process - The proposal to use part of the excess funds for working capital has been approved by the company's board of directors and supervisory board, and it will be submitted for shareholder approval [5][6]. - The supervisory board believes that this use of funds aligns with the company's operational needs and will not harm the interests of shareholders, particularly minority shareholders [6].