DAYUAN PUMP(SH:603757) Shang Hai Zheng Quan Bao·2025-05-06 19:33Core Viewpoint - The company is utilizing part of its idle raised funds for cash management, specifically through structured deposits, to enhance the efficiency of fund usage and generate higher returns for the company and its shareholders [4][5][6]. Group 1: Cash Management Overview - Previous cash management involved the redemption of principal amounting to RMB 25 million, yielding interest of RMB 43,200 [2]. - The current cash management trustee is Industrial Bank Co., Ltd., with an investment amount of RMB 25 million in a structured deposit product [3]. - The investment product has a term from May 6, 2025, to May 30, 2025, and was approved in the board meetings held on December 5, 2024 [3][8]. Group 2: Fund Utilization and Investment Purpose - The investment aims to utilize temporarily idle raised funds without affecting the normal investment plans, thereby improving fund usage efficiency [4][5]. - The total raised funds from the public offering of convertible bonds amounted to RMB 450 million, with a net amount of RMB 444.39 million after deducting fees [5][6]. Group 3: Investment Risk and Control Measures - The structured deposit product is characterized as a principal-protected floating return type, ensuring high safety and liquidity [9]. - The company has established internal control processes to regulate the investment behavior and ensure compliance with prudent principles [9]. Group 4: Financial Position and Impact - As of March 31, 2025, the company's monetary funds totaled RMB 411.62 million, with a debt-to-asset ratio of 40.37%, indicating no significant debt burden while engaging in large-scale financial products [10]. - The use of idle funds for cash management will not impact the normal operations of the company or its main business development [9].