Shanghai Automobile Air-(SH:603107) Xin Lang Cai Jing·2025-12-23 20:11Core Viewpoint - The company has approved the use of temporarily idle raised funds for cash management to enhance fund efficiency and reduce financial costs while ensuring that it does not affect the construction of investment projects [2][3][8] Investment Details - The investment amount for this cash management initiative is RMB 60 million [3][4] - The funds will be managed through high-security, liquid, and capital-preserving financial products, specifically structured deposits [4][6] Fund Management Context - As of the announcement date, all raised funds for supplementary working capital projects have been fully invested, resulting in a balance of zero [3] - The remaining raised funds will be allocated to the construction project of Zhejiang Hailite Automotive Air Conditioning Parts Co., Ltd., which involves the production of 19.1 million automotive air conditioning pipes and other components [3] Risk Management - The company has established risk control measures, including the authorization of the management team to make investment decisions and the involvement of the internal audit department to oversee the use and custody of funds [6][7] - The investment strategy excludes stocks and derivatives to mitigate risk [6][7] Impact on Company - The cash management of temporarily idle funds will not affect the ongoing investment projects or the normal development of the company's main business, aligning with the interests of the company and its shareholders [8] - The approach to managing cash products will comply with the "New Financial Instruments Standards," potentially impacting financial asset categories such as "trading financial assets," "cash and cash equivalents," "investment income," and "financial expenses" [8]