Zhejiang Rongtai(SH:603119) Zheng Quan Zhi Xing·2025-08-01 16:13Core Viewpoint - Zhejiang Rongtai Electric Equipment Co., Ltd. is utilizing part of its idle raised funds for cash management to enhance the efficiency of fund usage and increase returns for the company and its shareholders [1][2]. Cash Management Overview - The cash management trustee is Hangzhou Bank Co., Ltd. Jiaxing Branch [1]. - The total amount for cash management is RMB 230 million, with specific amounts of RMB 180 million and RMB 50 million [1]. - The cash management products are structured deposits named "Tianlibao," with investment periods of 30 days and 27 days [1][2]. Purpose of Cash Management - The objective is to improve the efficiency of raised fund usage while ensuring the safety of the funds and not affecting the normal investment plans and operations of the company [2][3]. Financial Details - The company has redeemed a total of RMB 230 million in structured deposit products, recovering the principal amount and achieving a profit of RMB 352,900 [2]. - The cash management investment amount for this round is RMB 230 million [3]. Fund Source - The funds used for cash management are part of the temporarily idle raised funds from the company's initial public offering, which raised a total of RMB 1,072.4 million [3]. Investment Methodology - The cash management products are fixed-term structured deposits, classified as principal-protected products, ensuring high safety and compliance with regulations [4][5]. Trustee Information - Hangzhou Bank Co., Ltd. is a listed financial institution, and there are no related party transactions involved in this cash management activity [5]. Disclosure and Compliance - The company will fulfill its information disclosure obligations in accordance with relevant regulations and guidelines [5]. Impact on Company - The cash management activities will not affect the company's daily operations or the normal implementation of investment projects, and it aims to enhance the returns for shareholders [6][8]. Accounting Treatment - The principal of cash management will be recorded as cash and cash equivalents or trading financial assets, while interest income will be recognized in the profit and loss statement [6]. Decision-Making Process - The board of directors and the supervisory board approved the cash management proposal on February 28, 2025, allowing the use of up to RMB 520 million of idle raised funds for cash management within a 12-month period [6][9].