So this is the reason why companies are willing to risk everything to go public. Mo Wei raised 8 billion yuan, after deducting fees, 7.57 billion yuan remains, and 7.5 billion yuan was used for stock trading and financial management. The remaining 70 million yuan is used for company operations and R&D. ... Speaking of which, with 7.5 billion yuan in financial management, the annual return could be several hundred million, almost turning losses into profits.

Mo Wang announced that the huge funds raised from the company’s listing will all be used for financial management. Once this news broke, the market was in an uproar. It seems the company is not short of money! Then why go public? Raise 7.5 billion yuan, and hand it all over to banks for financial management. Do shareholders not manage their own investments with the money? Shareholders entrust funds to the company to find good projects, conduct technological R&D, improve product quality, enhance enterprise competitiveness, and achieve better economic and social benefits. It’s not for the money to just sit in the bank and sleep! The prospectus filed at the time of the IPO clearly stated exactly what projects the funds would be used for, down to the cent. So why is it a different story now that the money is in hand? Has the company's project fallen through? Does this count as fraudulent issuance of shares? $SOL