WST(688122) 证券日报·2025-04-21 18:38Fundraising Overview - The company raised a total of RMB 663 million through its initial public offering (IPO) on July 1, 2019, with a net amount of RMB 603.12 million after deducting fees [1] - In a subsequent issuance to specific investors on November 23, 2021, the company raised RMB 2.01 billion, with a net amount of RMB 1.98 billion after fees [2] Fund Utilization - The company has not used idle fundraising for cash management during the reporting period [6] - As of December 31, 2024, the company had a balance of RMB 730 million in structured deposits and time deposits from the raised funds [7] - The company has not experienced any early investment or replacement of funds as of the reporting date [9][10] Fund Management - The company has established a dedicated bank account for fundraising and has implemented a management system in compliance with relevant laws and regulations [4] - The company signed tripartite supervision agreements with its underwriters and banks to ensure the proper use of funds [5] Project Progress and Adjustments - The company has reported that the "High-Performance Superconducting Wire Industry Project" has been completed, and surplus funds of RMB 77.84 million will be permanently used to supplement working capital [15] - The "Superconducting Innovation Research Institute Project" has had its expected completion date extended to December 31, 2025, due to changes in the project location [20] Financial Performance and Profit Distribution - The company plans to distribute a cash dividend of RMB 0.65 per share, totaling approximately RMB 422.28 million based on the total share capital as of December 31, 2024 [47][48] - The company has proposed a mid-term dividend plan for 2025, subject to shareholder approval [49] Corporate Governance - The company has appointed a new employee representative supervisor, Zhang Gang, to ensure compliance with corporate governance practices [55][56]