WPG(SH:603956) Zheng Quan Zhi Xing·2025-07-25 16:25Core Viewpoint - The company Shanghai Weipage Smart Water Co., Ltd. has announced the use of part of its temporarily idle raised funds for cash management, specifically investing in high-safety, liquid, and principal-protected financial products, amounting to RMB 60 million [1][2]. Cash Management Overview - The purpose of cash management is to improve fund utilization efficiency and generate returns for the company and its shareholders while ensuring that the normal implementation of fundraising projects is not affected [2]. - The cash management amount is RMB 60 million [2]. - The source of funds for this cash management is temporarily idle funds from the company's non-public stock issuance, which raised a total of RMB 97.0 million [2][3]. Fund Usage Status - As of December 31, 2024, the company has opened special accounts for the raised funds, with a total balance of RMB 127.06 million [3][4][5]. Investment Products and Expected Returns - The company plans to invest RMB 60 million in broker financial products, which are principal-protected and meet the criteria of high safety and liquidity [5][6]. - Specific products include: - "Oriental Fortune Securities Lucky Shark Fin" with an investment of RMB 30 million and an expected annual return of 1.7%-2.7% [5]. - "Huatai Securities No. 25177 Yield Certificate" with an investment of RMB 30 million and an expected annual return of 1.5%-3.0% [5]. Approval Process and Sponsor Opinion - The board of directors approved the cash management proposal on March 6, 2025, ensuring that the use of funds does not affect the progress of fundraising projects and guarantees the safety of the raised funds [6]. - The sponsor, CITIC Jianchao Securities Co., Ltd., provided a clear verification opinion on this matter [6]. Impact on the Company - The cash management is expected to enhance the efficiency of fund utilization and increase returns for the company and its shareholders without significantly impacting the company's main business, financial status, operating results, or cash flow [7]. - Key financial indicators as of December 31, 2024, include total assets of approximately RMB 3.29 billion and total liabilities of approximately RMB 1.57 billion [7].