Zheng Quan Zhi Xing·2025-05-16 09:22Core Viewpoint - Shanghai Dazhong Public Utilities (Group) Co., Ltd. plans to utilize idle funds for cash management through various financial products, aiming to enhance fund efficiency while ensuring liquidity for operations [2][3][6]. Summary by Sections Investment Overview - The company intends to use a maximum of RMB 1.5 billion of idle self-owned funds for cash management, with a total investment amount of RMB 1,031 million approved by the board [2][5]. - The investment aims to improve fund utilization efficiency and reduce financial costs without affecting liquidity or operational activities [6]. Financial Products and Expected Returns - The company has selected various financial products with expected annualized returns ranging from 1.5% to 4.3% [3][4]. - Specific products include: - Everbright Bank: RMB 300 million at 2.05% - Huaxia Bank: RMB 10,000 million at 2.25%-2.85% - Jiangsu Bank: RMB 20,000 million at 2.07%-2.18% - Minsheng Bank: RMB 11,500 million at 1.5%-2.46% - Ningbo Bank: RMB 10,000 million at 1.6%-3.1% - Agricultural Commercial Bank: RMB 20,200 million at 2.20%-4.30% [3][4]. Approval and Duration - The cash management proposal was approved during the 12th Board of Directors' fourth meeting on March 28, 2024, and ratified at the annual shareholders' meeting on June 18, 2024 [2][5]. - The authorization period extends from the approval date until the next annual shareholders' meeting in 2024, with individual product investment periods not exceeding one year [4][5]. Financial Impact - As of December 31, 2024, the company's total assets are approximately RMB 22.99 billion, with total liabilities of about RMB 12.95 billion, and net assets attributable to shareholders of approximately RMB 8.55 billion [6]. - The company has utilized RMB 54.4 million of the total RMB 150 million authorized for financial products, with an unutilized amount of RMB 95.6 million remaining [7].