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with more than 700 million yuan in cash in the account and more than 700 million yuan in bank wealth management products, cash assets account for more than 75% of the company's total assets. even so, shanghai hehe information technology co., ltd. (hereinafter referred to as "hehe information", 688615) is still obsessed with ipo.

caizhongshe noted that the latest semi-annual report shows that hehe information's total assets are less than 2 billion yuan, and the company is asking for more than 1.4 billion yuan in fundraising. if the raised funds are in place as scheduled, hehe information will have close to 3 billion yuan in cash on hand. the company is not short of money, but it still insists on raising funds through listing and even over-raising. is this a "money-raising" behavior?

as early as three years ago, hehe information submitted its first prospectus, and the fundraising projects and the amount of fundraising have never changed. if the company really needs to expand production, it can start construction first and then use the raised funds to replace the initial investment. according to the information disclosed by the company, hehe information has always had zero projects under construction.

the account is full of cash

according to the issuance rhythm, hehe information will open listing applications on september 13, the last trading day before the mid-autumn festival, and the company is just one step away from a successful listing.

with these well-known application products, hehe information's profits have continued to grow, and its annual net profit has exceeded 300 million yuan. with continued accumulation, hehe information has accumulated a large amount of cash on its books.

as of the first half of 2024, hehe information's monetary funds were 733 million yuan, and its trading financial assets consisting of bank wealth management were 748 million yuan, totaling 1.481 billion yuan. at the same time, hehe information's long-term and short-term loans were zero. in the years before this, hehe information's situation was basically the same, with cash on the books and no long-term or short-term loans.