SHHG(SH:603131) Sou Hu Cai Jing·2025-09-06 23:17Core Points - Shanghai Huguang Welding Group Co., Ltd. reported a stock price of 19.62 yuan as of September 5, 2025, down 10.37% from 21.89 yuan the previous week [1] - The company's total market capitalization is 6.239 billion yuan, ranking 81st out of 216 in the general equipment sector and 2738th out of 5152 in the A-share market [1] Company Announcements - On September 2, 2025, the company announced the opening of a special settlement account at China Everbright Bank for managing idle fundraising cash, with an account number of 36680188001244503 [1] - The company used 88 million yuan of idle funds to purchase a structured deposit product linked to exchange rates from China Everbright Bank, with a term of 90 days and an expected annual yield of 1%-1.75%, anticipating returns of 220,000 to 385,000 yuan [1] - The source of the funds is from publicly issued convertible bonds, with actual proceeds of 395,471,698.11 yuan, and 230,852,800 yuan has been used as of June 30, 2025 [1] - The cash management plan was approved by the board of directors, supervisory board, and shareholders' meeting, and it will not affect the implementation of fundraising projects [1] - The company has established risk control measures to ensure the safety of the funds [1] Previous Cash Management Activities - On April 23, 2025, the company approved a plan to use idle fundraising funds not exceeding 200 million yuan for cash management, which was also approved at the 2024 annual shareholders' meeting [2] - In May 2025, the company purchased a structured deposit product from CITIC Bank for 88 million yuan, which has since been redeemed, returning the principal and earning interest of 453,500 yuan [2][3] - The principal and interest have been returned to the fundraising account, and the related special settlement account has been closed [2]