Shanghai Ziyan Foods (SH:603057) Shang Hai Zheng Quan Bao·2025-09-05 21:31Core Viewpoint - The company has approved the use of up to RMB 470 million of idle raised funds for cash management, with a usage period of 12 months from the board's approval date [1][14]. Group 1: Cash Management Overview - The company aims to improve the efficiency of raised funds while ensuring that the cash management does not affect the construction of fundraising projects [4]. - The company has already utilized RMB 262 million of the idle raised funds for cash management, which is within the authorized limit set by the board [16]. Group 2: Financial Details - The company purchased structured deposits from Shanghai Pudong Development Bank amounting to RMB 54 million, which has been redeemed with a principal recovery of RMB 54 million and an interest income of RMB 273,700 [3]. - The total amount raised from the initial public offering was RMB 636.3 million, with a net amount of RMB 565.2 million after deducting related expenses [7]. Group 3: Risk Management - The company has implemented strict risk control measures for investment products, ensuring that the cash management products are of high safety and liquidity [8][10]. - Independent directors have the authority to supervise and inspect the use of funds, and may hire professional institutions for auditing if necessary [11].