Huatai United Securities Co., Ltd.
Special Audit Report on the Fund Raising, Management, and Use of Jiangsu Zeyu Intelligent Power Co., Ltd. for 2025
Huatai United Securities Co., Ltd. (hereinafter referred to as "Huatai United Securities" or "Sponsor") as the sponsor of Jiangsu Zeyu Intelligent Power Co., Ltd. (hereinafter referred to as "Zeyu Intelligent" or "the Company") for its initial public offering of shares and listing on the ChiNext market, in accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," "Shenzhen Stock Exchange ChiNext Stock Listing Rules," "Listed Company Raised Fund Supervision Rules," and "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Standardized Operation of ChiNext Listed Companies," and other relevant laws, regulations, and normative documents, has audited the situation of Zeyu Intelligent's fund raising, management, and use for 2025. The specific situation is as follows:
I. Basic Situation of Raised Funds
(I) Amount of Funds Actually Raised and Arrival Time
The Company, with the approval of the China Securities Regulatory Commission (Document No. [2021]3104), issued 33 million shares of RMB ordinary shares (A shares) to the public at an issue price of RMB 43.99 per share. The total amount of funds raised was RMB 1,451.67 million. After deducting all issuance expenses (excluding VAT), totaling RMB 119.7122 million, the net amount of funds raised was RMB 1,331.9578 million.
The arrival of the above raised funds was audited by Zhonghui Certified Public Accountants (Special General Partnership), who issued an "Audit Report" (Zhonghui Hui Yan [2021]7850) on December 3, 2021.
(II) Use and Balance of Raised Funds
In 2021, the Company used RMB 233.23 million of raised funds. The net amount of interest income from bank deposits of raised funds and cash management income after deducting handling fees was RMB 1.1822 million. The balance of idle raised funds used for cash management was RMB 11,976.304 million, and the balance in the special account for raised funds was RMB 21.9918 million.
In 2022, the Company used RMB 290.8228 million of raised funds. The net amount of interest income from bank deposits of raised funds and cash management income after deducting handling fees was RMB 22.3942 million. The balance of idle raised funds used for cash management was RMB 9,476.280 million, and the balance in the special account for raised funds was RMB 3.5657 million.
In 2023, the Company used RMB 277.2987 million of raised funds. The net amount of interest income from bank deposits of raised funds and cash management income after deducting handling fees was RMB 33.8773 million. The balance of idle raised funds used for cash management was RMB 6,952.629 million, and the balance in the special account for raised funds was RMB 12.5094 million.
In 2024, the Company used RMB 410.9149 million of raised funds. The net amount of interest income from bank deposits of raised funds and cash management income after deducting handling fees was RMB 16.8709 million. The balance of idle raised funds used for cash management was RMB 1,950.00 million, and the balance in the special account for raised funds was RMB 7.5422 million. During this period, the "Intelligent Grid Integrated Service Capability Enhancement Project" and the "Supplementary Working Capital Project" were completed, and RMB 111.1860 million was permanently supplemented to the company's working capital. As of December 31, 2024, the special accounts for raised funds corresponding to the "Intelligent Grid Integrated Service Capability Enhancement Project" and the "Supplementary Working Capital Project" have been closed.