PAIKE(SH:605123) Zheng Quan Zhi Xing·2025-06-12 08:18Core Viewpoint - The company is utilizing temporarily idle raised funds for cash management through structured deposits, aiming to enhance fund efficiency and returns for shareholders [1][2]. Summary by Sections Previous Cash Management Redemption - The company redeemed a previous cash management product, recovering a principal of 300 million yuan and earning a return of 3,418,019.26 yuan, which has been returned to the fundraising account [2]. Overview of Current Cash Management - The total investment amount for the current cash management is 230 million yuan [2]. - The funds are sourced from a non-public stock issuance approved by the China Securities Regulatory Commission, raising a net amount of 1,582.9393 million yuan [2]. Investment Details - The investment is allocated into three structured deposit products with the following details: - Product 1: 102 million yuan, annual yield of 0.6% to 3.0151%, term of 97 days [3]. - Product 2: 98 million yuan, annual yield of 0.6% to 3.0149%, term of 95 days [3]. - Product 3: 30 million yuan, annual yield of 1.00% to 2.00%, term of 94 days [3]. Internal Control on Investment Risks - The company has established internal controls for monitoring the use of funds, with the finance department responsible for implementation and oversight [4][5]. Trustee Information - The trustee banks for the structured deposits are China Bank and Ningbo Bank, both of which are publicly listed and have no related party relationships with the company [6]. Financial Impact - As of March 31, 2025, the company's cash and cash equivalents amounted to 1,469,175,694.50 yuan, with the current investment representing 15.66% of this amount [7]. - The investment in structured deposits will not affect the normal operation of fundraising projects and is expected to enhance the efficiency of fund usage [7]. Accounting Treatment - The investment in structured deposits will be recorded as trading financial assets on the balance sheet and will be settled as cash upon maturity, with returns recognized as investment income [8].