Core Viewpoint - The company is utilizing part of its temporarily idle raised funds for cash management to enhance asset returns while ensuring that it does not affect the construction of investment projects or normal operations [1][2]. Summary by Sections Cash Management Overview - The entrusted party for cash management is CITIC Bank Hangzhou Zhijiang Branch [1]. - The amount for cash management is RMB 120 million [1]. - The type of cash management product is structured deposits [1]. - The specific product name is "Win-Win Smart Trust Currency-Linked RMB Structured Deposit A04081" with a term of 90 days [1]. Decision-Making Process - The proposal for cash management was approved by the company's fifth board of directors and the eighth supervisory board meeting [2]. - The maximum amount for cash management is set at RMB 500 million, which includes the current amount [2]. - The decision does not require shareholder meeting approval as it is within the board's authorized limits [2]. Previous Cash Management Performance - The company redeemed previous structured deposit products on April 30, recovering RMB 120 million and RMB 150 million, with respective earnings of RMB 100,100 and RMB 36,590 [3]. - The purpose of cash management is to improve the efficiency of raised fund usage and increase returns for the company and its shareholders [3]. Financial Data - As of March 31, 2025, the company's total assets were RMB 350,390.70 million, and total liabilities were RMB 182,795.71 million [10]. - The net cash flow from operating activities was RMB 13,659.69 million [10]. - The company's asset-liability ratio was 42.88%, indicating a stable financial position [11]. Cash Management Product Details - The structured deposit product has an expected annualized return rate ranging from 1.05% to 2.12% [4][6]. - The product is designed to be capital-protected with floating returns, ensuring high safety and liquidity [6][10]. - The investment does not alter the intended use of raised funds and does not harm shareholder interests [6][10].
永杰新材: 永杰新材料股份有限公司关于使用部分暂时闲置募集资金进行现金管理的进展公告