Securities Code: 002984 Securities Abbreviation: Senqilin Announcement No.: 2026-019
Bond Code: 127050 Bond Abbreviation: Qilin Convertible Bond
Qingdao Senqilin Tire Co., Ltd.
Special Report on the Use and Storage of Raised Funds for the Year 2025
The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
I. Basic Information on Raised Funds
(1) Fundraising Situation from the Initial Public Offering in 2020
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Amount of Funds Raised and Timing of Receipt
According to the approval from the China Securities Regulatory Commission (hereinafter referred to as "CSRC") on the initial public offering of shares by Qingdao Senqilin Tire Co., Ltd. (CSRC Permit [2020] No. 1383), the company publicly issued 69 million shares of ordinary RMB stock (A shares) at an issue price of RMB 18.96 per share, raising a total of RMB 1,308,240,000.00. After deducting various issuance expenses of RMB 99,113,005.20 (excluding tax), the actual net amount raised was RMB 1,209,126,994.80. On September 8, 2020, the status of the raised funds was verified by Xinyong Zhonghe Accounting Firm (Special General Partnership), which issued Verification Report No. XYZH/2020JNA50287. The company has adopted a special account storage system for the raised funds and has opened a special account in the bank for the storage of these funds. -
Amount Used and Ending Balance of Raised Funds During the Reporting Period
As of December 31, 2025, the company had actually used RMB 1,178,725,895.12 for investment in the projects funded by the raised funds, of which RMB 30,740,266.10 was invested during the reporting period; the cumulative net income from financial management and bank deposit interest, after deducting bank fees, was RMB 13,160,593.93, with a net income of RMB 296,660.10 during the reporting period; the remaining funds from some investment projects were permanently supplemented to working capital amounting to RMB 4,659,837.43. As of December 31, 2025, the balance of raised funds was RMB 38,901,856.18, with the balance in the special account for raised funds also being RMB 38,901,856.18.
(2) Fundraising Situation from the Issuance of Shares to Specific Objects in 2023
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Amount of Funds Raised and Timing of Receipt
According to the CSRC's approval on the registration of Qingdao Senqilin Tire Co., Ltd. for the issuance of shares to specific objects (CSRC Permit [2023] No. 1432), the company was approved to issue shares to specific objects. This time, a total of 94,307,847 shares of ordinary RMB stock (A shares) were actually issued, with a par value of RMB 1.00 per share and an issue price of RMB 29.69 per share, raising a total of RMB 2,799,999,977.43. After deducting various issuance expenses of RMB 10,389,830.63 (excluding tax), the net amount raised was RMB 2,789,610,146.80. On August 17, 2023, the above-mentioned raised funds were verified by Xinyong Zhonghe Accounting Firm (Special General Partnership), which issued Verification Report No. XYZH/2023JNAA5B0164. The company has adopted a special account storage system for the raised funds and has opened a special account in the bank for the storage of these funds. -
Amount Used and Ending Balance of Raised Funds During the Reporting Period
As of December 31, 2025, the company had actually used RMB 1,867,924,765.98 for investment in the projects funded by the raised funds, of which RMB 405,391,564.16 was invested during the reporting period; the cumulative net income from financial management and bank deposit interest, after deducting bank fees, was RMB 32,147,698.62, with a net income of RMB 12,577,187.26 during the reporting period. As of December 31, 2025, the balance of raised funds was RMB 953,833,079.44, of which RMB 129,989,748.89 was temporarily supplemented to working capital, and the remaining amount for temporarily idle cash management of raised funds that had not yet matured was RMB 620,000,000.00, with the balance in the special account for raised funds being RMB 203,843,330.55.