SANFER ELECTRIC(SH:605336) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-12 22:58Core Viewpoint - The company has approved the use of idle raised funds for cash management, allowing for investments in low-risk, liquid financial products to enhance fund efficiency and generate returns for shareholders [1][2]. Group 1: Cash Management Approval - The company’s board approved the use of up to RMB 50,000,000 for cash management, with investments limited to a maximum term of 12 months in safe financial products [1]. - The board authorized the chairman to make investment decisions and sign relevant contracts within the approved limits [1]. Group 2: Recent Cash Management Activities - On December 26, 2025, the company invested RMB 50,000,000 in a treasury reverse repurchase agreement, with the principal and returns fully returned to the dedicated fundraising account [1]. - The annualized return on this investment was calculated without deducting transaction costs [2]. Group 3: Financial Impact - The cash management activities do not affect the construction of fundraising investment projects or change the intended use of the raised funds [2]. - The company aims to improve fund efficiency and generate investment returns, thereby enhancing overall performance and shareholder value [2]. Group 4: Accounting Treatment - The principal from cash management will be recorded as "trading financial assets" or "other non-current assets" on the balance sheet, while returns will be recognized as "investment income" or "interest income" in the profit statement [2]. Group 5: Historical Cash Management Data - The company reported its cash management activities over the past 12 months, with the highest single-day investment amount not exceeding the previously approved limit of RMB 65,000,000 [3][4]. - The maximum authorized limit for cash management after December 25, 2025, is set at RMB 50,000,000 [4].