Core Points - Xishan Technology (688576) closed at 62.5 yuan on June 13, 2025, down 1.64% from the previous week [1] - The company's total market capitalization is 2.844 billion yuan, ranking 101 out of 126 in the medical device sector and 4316 out of 5150 in the A-share market [1] Company Announcements - The Supervisory Board approved two resolutions: - To use up to 1 billion yuan of temporarily idle self-owned funds for cash management to improve fund utilization efficiency and enhance company performance [1][3] - To use up to 700 million yuan of temporarily idle raised funds for cash management, ensuring that the investment plan for raised funds proceeds normally [1][3] Fund Management Details - Dongfang Securities, as the sponsor, conducted a thorough review of the company's use of idle raised funds for cash management, confirming it would enhance fund efficiency without harming shareholder interests [2] - The total amount raised in the IPO was approximately 1.799 billion yuan, with a net amount of about 1.631 billion yuan [2] - The company plans to invest the idle raised funds in safe and liquid products, with a maximum investment period of 12 months [2]
每周股票复盘:西山科技(688576)监事会通过两项现金管理议案