SZEW(SH:600548) Shang Hai Zheng Quan Bao·2025-10-28 22:53Core Viewpoint - The company has announced the use of part of its idle raised funds for cash management through structured deposits, aiming to enhance fund efficiency while ensuring the safety of the raised funds [5][14]. Summary by Sections Cash Management Overview - The purpose of cash management is to improve fund utilization efficiency while ensuring that the investment plans and safety of the raised funds are not affected [5]. - The company subscribed to a structured deposit product amounting to RMB 100 million at Jiangsu Bank [6][8]. - The funds for this structured deposit come from previously idle raised funds that were converted into a seven-day notice deposit at Bank of China [9]. Cash Management Details - The structured deposit is a bank wealth management product with an expected return of approximately RMB 300,000 [10]. - The company has a cash management product balance limit of RMB 3 billion, which can be rolled over within 12 months [10]. - The cash management process is strictly regulated to ensure that it does not impact the funding needs of investment projects [10]. Approval Process - The cash management plan was approved by the company's board and supervisory committee during meetings held on March 21, 2025 [11]. Risk Analysis and Control Measures - The structured deposit is considered low-risk, but the company has implemented several measures to mitigate potential risks, including compliance with relevant regulations and regular monitoring of cash management products [12]. Impact on the Company - The investment in structured deposits is expected to enhance the efficiency of raised funds and increase company revenue without affecting daily operations or the progress of investment projects [14]. Accounting Treatment - The structured deposit will be accounted for under "trading financial assets," "fair value changes," and "investment income" according to accounting standards [15]. Recent Cash Management Activity - On September 29, 2025, the company redeemed RMB 200 million from a notice deposit, earning a return of RMB 75,800 [16].