FilingReader Intelligence

Innovation New Material returns 470m yuan working capital early

July 25, 2025 at 05:13 PM UTCBy FilingReader AI

Innovation New Material announced it has fully returned 470 million yuan in idle raised funds that were temporarily used to supplement working capital, completing the repayment ahead of the August 2025 deadline.

The company returned 240 million yuan in November 2024, followed by the remaining 230 million yuan in July 2025. All funds have been returned to the designated fundraising account without exceeding the approved usage period.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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