He Mai Co., Ltd. has announced that it plans to permanently supplement its working capital using 650 million yuan from its excess fundraising. This decision, made on March 18, will utilize 13.41% of the total excess funds raised. The allocation of this capital will not impact the construction needs of the projects funded through the fundraising, and the company has committed to refraining from high-risk investments over the next 12 months.
Since its initial public offering, the company has raised a total of 5.578 billion yuan, with a net amount of 5.406 billion yuan after expenses. The board of directors and the supervisory board have approved this decision, which will be presented to the shareholders for further review.
In the first three quarters of 2024, He Mai Co., Ltd. reported revenues of 1.266 billion yuan and a net profit attributable to shareholders of 246 million yuan.
