JFLB(SZ:002762) Shang Hai Zheng Quan Bao·2026-01-06 18:47Core Viewpoint - The company has approved the use of up to 450 million yuan of idle funds for cash management, aiming to enhance fund efficiency and provide reasonable returns for shareholders [1][6]. Group 1: Cash Management Product Purchase - The company plans to invest in cash management products issued by commercial banks and other institutions, with a maximum investment limit of 450 million yuan [1]. - The investment products will include high-security, liquid options such as bank time deposits, structured deposits, and agreement deposits, with individual product investment periods not exceeding 12 months [1]. - As of the announcement date, the company has no outstanding cash management products purchased with its own funds within the last twelve months [5]. Group 2: Risk Analysis - Market risks may affect the market value of the invested assets, potentially leading to early termination of the cash management products [2]. - Liquidity risks exist as these products do not allow for redemption outside of specified periods, meaning investors cannot terminate early [2]. - Credit risks could arise if the issuer faces bankruptcy or other credit issues, impacting the principal and returns of the cash management products [2]. - Policy risks may affect the normal operation of these products if there are changes in national macro policies or relevant regulations [2]. - Interest rate risks are present, as fluctuations may lead to lower effective returns compared to inflation [2]. Group 3: Risk Mitigation Measures - The company's finance department will monitor the recovery of principal and returns from cash management products and take protective measures if risks are identified [4]. - The internal audit department will oversee the use and custody of funds related to the purchased cash management products and report to the board's audit committee [4]. - Independent directors and the supervisory board have the right to conduct regular or irregular checks on the investment status of cash management products [4]. Group 4: Impact on the Company - The purchase of cash management products will not affect the company's normal cash flow or the operation of its main business [5]. - The cash management initiative is expected to improve fund utilization efficiency and create reasonable returns for the company and its shareholders [5].