Core Viewpoint - Camel Group (骆驼股份) is actively managing its financial resources and risk exposure through various financial instruments, including investments in low-risk financial products and hedging activities in commodities and foreign exchange [1][2]. Company Announcements - Camel Group's board of directors approved several key proposals, including the use of up to 1.8 billion yuan of idle funds for low-risk financial products, with a rolling authorization period of 12 months [1][4]. - The company plans to engage in commodity hedging with a maximum margin of 90 million yuan and foreign exchange hedging with a maximum margin of 10 million USD, both with a 12-month authorization period [2][4]. - Chairman Liu Changle intends to reduce his shareholding by up to 7.2 million shares, representing no more than 0.6137% of the total share capital, between December 8, 2025, and March 6, 2026 [2][4]. Financial Performance - As of November 14, 2025, Camel Group's stock price closed at 10.13 yuan, down 0.69% from the previous week, with a market capitalization of 11.884 billion yuan, ranking 53rd in the battery sector [1].

Group 1 - The board meeting of Camel Group Co., Ltd. was held on November 14, 2025, and all resolutions passed were in compliance with the Company Law and Articles of Association [2][3][4] - The board approved the revision of the hedging business management system, which is detailed in the announcement on the Shanghai Stock Exchange [5][6] - The board also approved the proposal to conduct commodity futures, options, and foreign exchange hedging business, with specific details available in the related announcement [7][8] Group 2 - The company plans to use idle self-owned funds for entrusted wealth management, with a maximum balance of RMB 1.8 billion for purchasing financial products [12][14] - The purpose of the entrusted wealth management is to enhance the efficiency of fund utilization and maximize returns on idle funds [14][15] - The board authorized the financial director to make investment decisions within the approved limits and timeframe [15][16] Group 3 - The company aims to conduct commodity futures and options hedging to mitigate risks associated with price fluctuations of lead, tin, and lithium carbonate [25][26] - The maximum margin and premium for these transactions are expected to not exceed RMB 90 million, with the highest contract value on any trading day not exceeding RMB 900 million [26][28] - The company will also engage in foreign exchange hedging to manage risks from currency fluctuations, with a maximum margin and premium of USD 10 million [31][34] Group 4 - The hedging activities are intended to be conducted in a legal, prudent, and effective manner, focusing on normal production operations rather than speculative trading [24][30] - The company has established risk control measures for both commodity and foreign exchange hedging, including strict approval processes and the use of self-owned funds [39][43] - The hedging activities will not adversely affect the company's main business operations and are expected to enhance overall financial stability [44]

格隆汇11月14日丨骆驼股份(601311.SH)公布，公司于2025年11月14日召开第十届董事会第六次会议， 审议通过了《关于拟使用闲置自有资金委托理财的议案》。委托理财金额（购买理财产品单日最高余 额）不超过人民币18亿元，余额可以滚动使用。该决议自董事会审议通过之日起12个月内有效。 ...

Core Viewpoint - The company plans to use up to 1.8 billion yuan of its own funds for entrusted wealth management, focusing on low-risk financial products [1] Group 1 - The company has approved the investment plan during the sixth meeting of the tenth board of directors held on November 14, 2025 [1] - The investment will include bank wealth management products, securities firm wealth management products, and low-risk trust wealth management products [1] - The wealth management quota can be rolled over within 12 months, utilizing temporarily idle self-owned funds from the company's operations [1]

Core Insights - Chongqing Brewery (600132.SH) announced that its subsidiary, Carlsberg Chongqing Brewery Co., Ltd., plans to invest up to RMB 3 billion in short-term financial products and money market funds using idle self-owned funds [1] Investment Strategy - The maximum investment limit for a single bank financial product and a single money market fund is set at RMB 500 million [1]

Core Viewpoint - Chongqing Brewery (600132) announced plans to invest up to 3 billion yuan of idle funds into short-term bank wealth management products and money market funds [1] Investment Details - The maximum investment limit for a single bank wealth management product and a single money market fund is set at 500 million yuan [1]

Core Viewpoint - The company has approved the use of idle self-owned funds for entrusted wealth management, with a total amount not exceeding RMB 800 million, to enhance fund utilization efficiency and generate returns for shareholders [1][6]. Summary by Sections Basic Situation of Entrusted Wealth Management - As of the announcement date, the company and its subsidiaries have not redeemed entrusted wealth management principal amounting to RMB 398 million, which is within the approved total of RMB 800 million [2]. Investment Risks and Control Measures - Investment risks include market volatility, credit risk, liquidity risk, and policy risk, with actual returns being unpredictable due to reliance on expected yields [3]. - The company plans to implement strict compliance with relevant regulations and conduct timely analysis and tracking of fund allocation and project progress to mitigate risks [4][5]. Approval Procedures and Impact on the Company - The proposal for continued use of idle self-owned funds for entrusted wealth management has been approved by the company's 2024 annual general meeting [5]. - This strategy aims to improve fund utilization efficiency and ensure that daily operations and the safety of self-owned funds are not affected, thereby supporting the normal conduct of the company's main business [6].

Core Viewpoint - The company plans to utilize idle self-owned funds for entrusted wealth management to enhance the efficiency of fund usage while ensuring operational needs and fund safety [4][14]. Summary by Sections Investment Overview - **Investment Purpose**: The company aims to improve the efficiency of idle self-owned funds by investing in low to medium-risk financial products that are safe and liquid, thereby preserving and increasing cash assets for the benefit of the company and its shareholders [4]. - **Investment Amount**: The company intends to use no more than RMB 600 million (including) of idle self-owned funds for entrusted wealth management, with the ability to recycle the funds within this limit [5]. - **Source of Funds**: The funds will come from the company's idle self-owned resources [6]. - **Investment Method**: The company will select reputable financial institutions, such as commercial banks and securities firms, to manage the investments, focusing on low to medium-risk products [7]. - **Investment Duration**: The investment period is from the date of board approval until December 31, 2025, with the possibility of recycling the funds during this time [9]. - **Implementation Method**: The board has authorized the chairman to make investment decisions and sign relevant contracts within the approved limits and duration [10]. Review Procedures - The board meeting held on November 11, 2025, approved the proposal for using idle self-owned funds for entrusted wealth management, which does not require shareholder approval as it falls within the board's authority [10][23]. Investment Risk Analysis and Control Measures - **Investment Risks**: The company acknowledges that while the overall risk is controllable, macroeconomic factors may introduce systemic risks affecting the investment [11]. - **Risk Control Measures**: The company will adhere to prudent investment principles, maintain a tracking ledger for investment progress, and take timely actions to mitigate risks if necessary [12][13]. Impact on the Company - The use of idle self-owned funds for entrusted wealth management is expected to enhance fund utilization efficiency and generate investment returns without affecting the company's main business operations [14].

Core Viewpoint - The company plans to invest up to RMB 60 million of its own funds in entrusted wealth management products, which include controllable risk financial products such as public funds, private funds, and asset management plans [1] Group 1 - The investment decision has been approved by the company's 11th meeting of the 4th Board of Directors and does not require submission to the shareholders' meeting for approval [1] - The investment period is set to be within 12 months from the date of the Board's approval, with funds available for rolling use within the approved limit [1]

Core Viewpoint - The company plans to utilize idle self-owned funds, not exceeding RMB 500 million, for structured deposits and purchasing financial products from banks and securities companies to enhance capital efficiency and economic benefits [1][2]. Group 1: Basic Information on Entrusted Wealth Management - The source of funds for this investment comes from temporarily idle self-owned funds, including funds from previous financial products that have matured [2]. - As of the announcement date, the company has rolled over RMB 190 million to purchase wealth management products from various financial institutions, including Shanghai Pudong Development Bank and China Merchants Bank [2]. Group 2: Impact on the Company - The use of idle self-owned funds for wealth management is conducted without affecting the company's normal operations, thereby improving the efficiency and returns of idle funds [2][3]. - This strategy is not expected to have a significant impact on the company's main business, financial status, operating results, or cash flow [2]. Group 3: Internal Risk Control Measures - The company primarily invests in low to medium-risk wealth management products with terms not exceeding 12 months, ensuring overall risk is manageable [3]. - A separation of decision-making, execution, and supervision functions is established to ensure effective and standardized operations in purchasing wealth management products [3]. - The finance department will analyze and monitor the investment's progress, and if any risks to fund safety are identified, appropriate measures will be taken [3][4].