Sinovatio(SZ:002912) Zheng Quan Zhi Xing·2025-07-18 09:20Core Viewpoint - The company has increased its idle fund management limit from RMB 800 million to RMB 1 billion, allowing for investment in low-risk, high-liquidity financial products, which aims to enhance capital efficiency and returns for shareholders [1]. Group 1: Fund Management Increase - The company held its annual shareholders' meeting on April 18, 2025, where it approved the increase of the cash management limit for idle funds [1]. - The new limit allows for the use of idle funds in stable, low-risk financial products or time deposits, effective for 12 months from the date of approval [1]. Group 2: Recent Investments - The company and its wholly-owned subsidiary, Nanjing Zhongxin Saike Technology Co., Ltd., have subscribed to structured deposits from several banks, including Shanghai Pudong Development Bank, Nanjing Bank, and Jiangsu Bank [1]. - Specific structured deposit products include various types with expected annualized returns ranging from 1.60% to 2.60% [1][2]. Group 3: Impact on Daily Operations - The investment of idle funds in low-risk structured deposits is conducted without affecting the company's normal operations and liquidity needs [1]. - This strategy is expected to improve the company's capital utilization efficiency and enhance asset returns, ultimately benefiting shareholders [1]. Group 4: Cash Management Overview - As of the announcement date, the company and its subsidiaries have a total of RMB 500 million and USD 60 million in idle funds for cash management [3].