Rigol Electronics Adjusts Shanghai R&D Center Construction Project: Extended to April 2027 and Optimizes 11.2 Million Yuan Investment Structure

MaticHoleFiller · 2026-03-21T01:39:01+00:00

Rigol Technologies announces the postponement of its "Shanghai R&D Center Construction Project" to April 2027 and adjusts its internal investment structure. The adjustments include an increase in engineering expenses and a decrease in research and testing expenses, aimed at improving capital efficiency. Both the company's board of directors and sponsoring institution have stated that this decision aligns with development plans and will not have a material impact on the implementation of raised-fund projects.

MaticHoleFiller

2026-03-21 01:39:01

Abstract generation in progress

[Shanghai, March 16, 2026] Puyuan Jingdian Technology Co., Ltd. (Stock Code: 688337,简称 “Puyuan Jingdian”) announced today that the company’s second meeting of the third board of directors approved the proposal on “Postponement of Some Fundraising Projects and Adjustment of Internal Investment Structure,” deciding to delay the “Shanghai R&D Center Construction Project” funded by the initial public offering and to adjust the internal investment structure accordingly. Guotai Haitong Securities, the sponsor institution, issued a clear and unopposed verification opinion.

Overview of the Basic Fundraising Situation

Puyuan Jingdian completed its initial public offering in April 2022, with an issue price of 60.88 yuan per share, raising a total of 1,846,331,400 yuan. After deducting issuance costs, the net funds raised amounted to 1,666,127,200 yuan. According to the prospectus, the company originally planned to allocate 750 million yuan of the raised funds to the following projects:

Project Name	Total Investment (10,000 yuan)	Proposed Fund Allocation (10,000 yuan)
High-end Digital Oscilloscope Industrialization Project Based on Self-developed Chips	1500.00	1500.00
R&D and Manufacturing of High-end Microwave Radio Frequency Instruments	1788.15	1611.84
Beijing R&D Center Expansion Project	2899.29	2899.29
Shanghai R&D Center Construction Project	988.87	988.87
Supplementary Working Capital	500.00	500.00
Total	7676.31	7500.00

As of December 31, 2025, the Shanghai R&D Center Construction Project had utilized 65.2916 million yuan of the raised funds, with a fund utilization rate of 66.03%.

Details of Internal Investment Structure Adjustment

The company has decided to optimize the internal investment structure of the “Shanghai R&D Center Construction Project,” mainly involving structural adjustments to engineering costs and other construction expenses, maintaining the total investment at 98.887 million yuan. The specific adjustments are as follows:

No.	Item	Pre-adjustment Amount (10,000 yuan)	Change (10,000 yuan)	Post-adjustment Amount (10,000 yuan)
1	Engineering Costs	237.47	+112.00	349.47
1.1	Construction Engineering Fees	20.0	0.0	20.0
1.2	Equipment Purchase Fees	153.23	+120.0	272.33
1.3	Installation Engineering Fees	1.24	0.0	1.24
1.4	Software Purchase	63.00	-8.0	55.0
2	Other Construction Expenses	665.37	-112.0	553.37
2.1	Preliminary Work Fees	5.0	0.0	5.0
2.2	Research and Testing Fees	655.50	-112.0	543.50
2.3	Office and Living Furniture Purchase	3.25	0.0	3.25
2.4	Employee Training Fees	1.63	0.0	1.63
3	Contingency Fees	73.25	0.0	73.25
4	Working Capital	12.78	0.0	12.78
Total	988.87	0.0	988.87

The adjustment plan increases 1.12 million yuan for equipment purchase, while reducing research testing expenses by 1.12 million yuan and software purchase by 0.8 million yuan. The company states that this aims to improve the efficiency of fund use, align with overall development strategies, and optimize R&D plans to better meet actual needs and future R&D arrangements.

Project Postponement to April 2027

The announcement indicates that the original schedule for the Shanghai R&D Center Construction Project was to be operational by April 2026. It has now been postponed to April 2027. This is the second delay; previously, the project timeline was extended from the original schedule to April 2026.

The company explains that as of December 31, 2025, the construction of building costs (office space leasing and decoration) has been completed, and the main R&D testing equipment and software purchases have been mostly completed, with some research testing expenses already invested. The remaining unspent funds are mainly intended for R&D testing, experimental verification, and related instrument and equipment purchases for product development.

The reasons for the delay include: considering the current macroeconomic environment and industry development, the company has carried out multiple rounds of R&D plan optimization, and the procurement schedule for some R&D equipment has been phased, resulting in slower project progress. To further enhance independent innovation capabilities, upgrade outdated equipment, and meet future development needs, after comprehensive analysis and careful evaluation, the company has decided to adjust the project completion date to April 2027.

Fund Management Status

As of December 31, 2025, the balance of the company’s initial public offering funds and the special account deposits are as follows:

Account Name	Bank	Account Number	End of Reporting Period Balance (including financial products) (10,000 yuan)	Account Status
Puyuan Jingdian Technology Co., Ltd.	China Merchants Bank Shenzhen Chegongmiao Branch	755959156310650	42,738.6	In Use
Puyuan Jingdian Technology Co., Ltd.	Industrial and Commercial Bank of China Suzhou High-tech Zone Branch	1102021119001006462	353,399.1	In Use
Puyuan Jingdian Technology Co., Ltd.	China Minsheng Bank Suzhou Gusu Branch	634711147	316,788.7	In Use

Board and Sponsor Opinions

The board believes that the postponement of some fundraising projects and the adjustment of internal investment structure are prudent decisions based on project implementation status. They do not change the main entities, methods, or investment purposes of the fundraising projects, and will not substantially impact project execution. These decisions align with the company’s overall development plan and long-term interests of shareholders.

Guotai Haitong Securities, the sponsor, verified that this matter has been approved by the company’s board of directors, complies with relevant laws and regulations, and is a decision made after full consideration of actual circumstances. There is no change or covert change to the use of raised funds or other actions damaging shareholders’ interests, nor will it significantly adversely affect normal company operations. Therefore, they have no objection to this matter.

The company states that it will optimize resource allocation and reasonably coordinate the use of raised funds according to the revised schedule, actively promote subsequent construction of the fundraising projects, monitor macroeconomic and market changes, and take active measures to ensure timely project completion.

This adjustment does not require approval from the shareholders’ meeting.

Click to view the original announcement>>

Disclaimer: The market involves risks; investment should be cautious. This article is automatically published by an AI model based on third-party databases and does not represent Sina Finance’s views. All information herein is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for accuracy. For questions, contact biz@staff.sina.com.cn.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.