xinyaqiang(SH:603155) Zheng Quan Zhi Xing·2025-06-23 10:19Core Viewpoint - The company, Xinyaqiang Silicon Chemical Co., Ltd., is utilizing part of its idle raised funds for cash management to enhance fund efficiency and shareholder returns while ensuring that it does not affect the normal operations of the company and its subsidiaries [1][2]. Summary by Sections Previous Cash Management - The subsidiary, Hubei Xinyaqiang Silicon Materials Co., Ltd., previously invested 16 million yuan in a structured deposit product from Jiangsu Bank, which matured on March 13, 2025, returning the principal and earning 73,900 yuan in interest [1]. Current Cash Management Overview - Purpose: To improve the efficiency of temporarily idle funds, reduce financial costs, and increase shareholder returns while ensuring the normal operation of projects [2]. - Source of Funds: The funds for this cash management come from part of the idle raised funds, totaling 1,238.65 million yuan after deducting related expenses from the initial public offering [2]. - Investment Product: The current investment is in a structured deposit product with Jiangsu Bank, amounting to 16 million yuan, with an expected annualized return of 1.08% to 2.15% [2]. Risk Control and Management - The company has established internal controls for risk management, ensuring that the investment products are of a low-risk nature and do not affect the normal operations of the company [4][5]. - The risk rating for the current investment is classified as low risk, aligning with internal financial management requirements [4]. Impact on the Company - The cash management strategy is designed to enhance fund efficiency and generate additional investment returns for the company and its shareholders without impacting daily operations or the main business activities [4]. Financial Performance Metrics - In the last twelve months, the company has invested a total of 847.8 million yuan in various financial products, with a maximum single-day investment of 604.8 million yuan, representing 26.7% of the last year's net assets [6]. - The cumulative return from these investments over the past year accounts for 1.06% of the last year's net profit [6]. Decision-Making Process - The company has followed the necessary decision-making procedures, including board and shareholder meetings, to approve the use of idle funds for cash management, with no objections from the sponsoring institution [5].