Core Viewpoint - The report provides an overview of the fundraising activities and the utilization of funds by Jilin OLED Material Co., Ltd, confirming that the funds raised have been used in accordance with regulations and reflect the actual usage as of March 31, 2025 [1][2]. Fundraising Situation - The company raised a total of RMB 1,144,042,394.00 from its initial public offering in 2020, with a net amount of RMB 1,060,238,400.37 after deducting issuance costs [1][4]. - In 2023, the company raised an additional RMB 91,456,033.53 through a targeted issuance of 4,951,599 shares at a price of RMB 18.47 per share, resulting in a net amount of RMB 88,987,600.33 after costs [1][2]. Fund Storage Situation - The total amount stored in fundraising special accounts was RMB 1,076,343,246.33, with various accounts held at different banks [2][3]. - As of November 3, 2023, the company transferred the remaining balance of the fundraising special account to its general settlement account, resulting in a balance of zero in the special account [2][3]. Actual Use of Funds - The report details the actual use of funds, indicating that all previously raised funds have been fully utilized as planned [2][3]. - The company has not made any changes to the investment projects funded by the previous fundraising activities as of March 31, 2025 [2][3]. Idle Funds Management - The company has utilized idle funds for cash management, with approvals for using up to RMB 7 billion for investment products, which was later increased to RMB 7.7 billion [3][4]. - As of March 31, 2025, there were no idle funds used for temporary liquidity supplementation [3][4]. Surplus Funds - The report indicates that as of March 31, 2025, the remaining balance of the funds raised from the 2020 public offering was RMB 37,508,784.51 [4][5]. - The company has also approved the use of surplus funds for permanent liquidity supplementation, with a total of RMB 114 million allocated for this purpose [3][4]. Investment Projects - The company has invested in several projects, including the establishment of a wholly-owned subsidiary in Japan for OLED research and development, and various R&D projects related to high-performance OLED materials [5][6]. - The report notes that the progress of some projects has been delayed due to industry factors and equipment procurement issues, but the company is actively working to optimize these projects [5][6]. Financial Performance - The report outlines that the actual investment amounts for various projects have been adjusted based on interest income and management fees, with a total investment of RMB 107,046.55 million reported [6][7]. - The expected benefits from these projects are still under evaluation, as many are in the R&D phase and have not yet generated direct revenue [6][7].

Group 1: Company Overview and Market Position - The company primarily engages in the research, production, and sales of maleic anhydride derivatives and functional material intermediates, widely used in various fields such as electronic components, electrical insulation materials, and wind power [1][2]. - The gross profit margin for maleic anhydride derivatives in 2024 is reported to be 18.56% [12]. Group 2: Financial Performance and Shareholder Returns - The company experienced a significant decline in performance, with a notable drop in profits and gross margins over recent years [3][4]. - The company has a cash reserve of 261 million yuan in accounts receivable, with measures in place to manage this risk, including strict internal controls and differentiated credit policies [5][24]. - The company has completed the process of share repurchase and cancellation, but there are currently no new repurchase plans [12]. Group 3: Future Strategies and Development Plans - The company plans to focus on optimizing its core business, upgrading technology, and enhancing resource utilization to meet high-end demand and improve product structure [9][10]. - There are ongoing research and development projects for OLED and LED materials, with continuous market-driven product development [6][7]. - The company aims to strengthen its competitive edge through sustained R&D investment and talent expansion [4][10]. Group 4: Investor Relations and Communication - The company emphasizes the importance of investor relations management, actively engaging with investors through various channels, including performance briefings and Q&A sessions [5][8]. - The company is committed to timely information disclosure and maintaining transparency regarding its operational status and future outlook [3][11].