Lansi Technology's 2025 fundraising use disclosure, project progress adjustments, and idle funds replenishment become focal points

China Visit Network data \u00a0 Langsi Technology Co., Ltd. today released its special report on the deposit and use of fundraising proceeds for fiscal year 2025. The report shows that, as of the end of 2025, the net proceeds from the company’s 2020 issuance of shares to specific parties were approximately RMB 14.909 billion; the company has cumulatively invested approximately RMB 13.989 billion, representing an investment progress rate of 93.78%. During this fiscal year, the company invested RMB 2.360 billion of the fundraising proceeds, mainly for the construction of projects including smart wearables, in-vehicle glass, 3D touch panels, and industrial internet, among others.

Within the reporting period, the company adjusted the progress of some of its raised-proceeds projects. Among them, the scheduled dates for achieving the usable condition for the “Changsha (II) Park Vehicle Glass and Large-Size Functional Panel Construction Project” and the “Changsha (II) Park 3D Touch Functional Panel and Production Supporting Facilities Construction Project” were both postponed to December 31, 2026. The main reason is the continuous optimization of the production processes, the introduction of automated production lines, and the construction of new production capacity according to customer needs. Although “Changsha (II) Park Smart Wearables and Touch Functional Panel Construction Project” has already used up part of the raised funds, its overall investment has not yet been completed, and the project has not reached the planned condition.

In terms of fund management, the company, in January 2025, approved a proposal to temporarily supplement working capital with idle raised funds of no more than RMB 2.4 billion. By the end of the reporting period, the company had cumulatively repaid RMB 1.41 billion in advance. The balance currently used for the temporary supplementation of working capital is RMB 0.99 billion. This portion of funds was fully repaid to the raised-funds account on January 9, 2026. At the end of the period, the balance in the company’s raised-funds special account was RMB 156 million.

The report reiterates that the industrial internet application and working capital supplementation project, as part of the company’s operating system, does not conduct separate financial benefit accounting. Its purpose is to enhance the company’s level of digital management and financial security. The company stated that the use and management of fundraising proceeds strictly comply with relevant regulations and internal rules, and there are no major issues.

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