Fengmao Co., Ltd. announced that the company's initial public offering of shares raised a total capital of 638 million yuan, a net amount of 564 million yuan. As of 2025, 3 fund-raising projects, including the “Drive Belt Smart Factory Construction”, have reached the scheduled state of use and are scheduled to be completed. The three projects plan to invest 376 million yuan, with a cumulative investment of 324 million yuan, unpaid 307.8858 million yuan, cumulative revenue of 8.0961 million yuan, and savings of 29.5032 million yuan. The company plans to set aside 307.885,800 yuan for final payments, etc., to permanently supplement working capital. The matter has been reviewed by the board of directors and still needs to be reviewed by the shareholders' meeting.

Fengmao Co., Ltd. announced that the company's initial public offering of shares raised a total capital of 638 million yuan, a net amount of 564 million yuan. As of 2025, 3 fund-raising projects, including the “Drive Belt Smart Factory Construction”, have reached the scheduled state of use and are scheduled to be completed. The three projects plan to invest 376 million yuan, with a cumulative investment of 324 million yuan, unpaid 307.8858 million yuan, cumulative revenue of 8.0961 million yuan, and savings of 29.5032 million yuan. The company plans to set aside 307.885,800 yuan for final payments, etc., to permanently supplement working capital. The matter has been reviewed by the board of directors and still needs to be reviewed by the shareholders' meeting.