China Economic Net, Beijing, June 27th. Daquan Energy (688303.SH) shares fell today, with the lowest intraday price at 20.34 yuan, the lowest price since the stock went public. As of today's close, Daquan Energy reported 20.37 yuan, down 2.95, with a total market value of 43.692 billion yuan.

Daquan Energy was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on July 22, 2021. The number of publicly issued shares is 300,000,000 shares, and the issue price is 21.49 yuan per share. The sponsor (lead underwriter) is China International Capital Corporation Limited, the sponsor representatives are Zhang Zhiqiang and Chen Wei.

Daquan Energy's initial public offering raised a total of 6,447 million yuan and a net amount of 6,067.1918 million yuan, 1,067.1918 million yuan more than the original plan. According to the prospectus disclosed by Daquan Energy on July 19, 2021, the company intends to raise 5,000 million yuan, which is planned to be used for an annual output of 1,000 tons of high-purity semiconductor materials, an annual output of 35,000 tons of polysilicon, and supplementary working capital.

the total cost of the initial public offering of Daquan Energy is 379.8082 million yuan, of which the sponsorship and underwriting fees are 344.32 million yuan.

Daqo Energy will issue A- shares to specific targets in 2022. According to the China Securities Regulatory Commission issued the "Approval of the Approval of Xinjiang Daquan New Energy Co., Ltd. to Issue Stock Registration to Specific Objects" (Securities Regulatory License [2022] No. 1119), it is agreed that the company will issue A shares to specific objects. Daqo Energy has actually issued 212,396,215 RMB ordinary shares (A shares) (par value RMB 1.00 per share) to specific targets at an issue price of RMB 51.79 per share. The total amount of funds raised by the company in this issuance is RMB 10,999,999,974.85 yuan. After deducting the issuance expenses excluding tax of RMB 63,227,799.87 yuan, the net amount of funds raised is RMB 10,936,772,174.98 yuan (excluding the input value-added tax related to the issuance expenses). The above-mentioned funds will be fully accounted for on June 28, 2022, and will be verified by Deloitte Touche Tohmatsu (Special General Partnership) and issued by De Shi Bao (Yan) Zi (22) No. 00299 Capital Verification Report. As of December 31, 2023, Daquan Energy has used the raised funds of RMB 10,953,146,619.15. The actual proceeds from the issuance of A- shares to specific targets in 2022 have all been put into use.

Daquan Energy raised a total of 17.447 billion yuan twice.