XHW(SH:603888) Zheng Quan Zhi Xing·2025-07-24 16:21Core Viewpoint - The company is utilizing idle raised funds for cash management to enhance the efficiency of fund usage while ensuring that it does not affect the construction of projects funded by the raised capital [3][9]. Summary by Relevant Sections Investment Purpose - The investment aims to improve the efficiency of using raised funds while ensuring that it does not impact the construction of projects funded by these funds [3]. Investment Amount - The total investment amount for this cash management initiative is 300 million yuan [3]. Source of Funds - The funds are sourced from the company's initial public offering, which raised a total of approximately 1.437 billion yuan after deducting various fees [3]. Investment Types - The company is investing in fixed-term deposits and seven-day notice deposits [3][4]. Investment Details - The company has allocated 150 million yuan to fixed-term deposits with an expected annual yield of 1.20%, resulting in an estimated return of 4.6 million yuan [4]. - Additionally, 150 million yuan is allocated to seven-day notice deposits with an expected annual yield of 0.85% [4]. Investment Duration - The fixed-term deposit has a duration of three months, while the seven-day notice deposit has no fixed duration [5]. Impact on the Company - The cash management initiative is expected to enhance the efficiency of idle raised funds without affecting the normal operations of the company or the investment plans associated with the raised funds [7][9]. Compliance and Approval - The cash management initiative has been approved by the company's board and supervisory board, adhering to relevant regulations and ensuring that it does not alter the intended use of the raised funds [9]. Financial Overview - As of March 31, 2025, the company's total assets were approximately 485.34 million yuan, with total liabilities of about 131.59 million yuan [7].