3S(SH:605305) Shang Hai Zheng Quan Bao·2025-05-13 19:53Core Viewpoint - The company has approved the use of idle raised funds for cash management, aiming to enhance fund efficiency and returns while ensuring the safety of the raised funds [2][4][17]. Group 1: Cash Management Overview - The purpose of cash management is to improve the efficiency of raised funds, increase returns, and reduce financial costs while ensuring normal operations and project funding [4]. - The source of funds for cash management is part of the company's idle raised funds [5]. - The company has authorized a cash management amount of up to RMB 60 million, which can be reused within a 12-month period [2][17]. Group 2: Cash Management Details - The entrusted party for cash management is Industrial Bank Co., Ltd., with a specific product being a structured deposit [6][13]. - The cash management product has a term of 17 days, and the total amount managed is RMB 60 million [6]. - The cash management product is categorized as a principal-protected floating return product, ensuring it does not affect the normal operation of the fundraising projects [12]. Group 3: Financial Status and Impact - As of March 31, 2025, the company's total liabilities were RMB 682.354 million, with a debt-to-asset ratio of 20.25%, indicating a reasonable financial structure [15]. - The company has no bank loans, and its liabilities mainly arise from operational transactions, ensuring a sound financial position while engaging in cash management [15]. - The cash management will be recorded as "trading financial assets" on the balance sheet, with interest income reflected in the profit statement as "investment income" [15].