Core Viewpoint - The company has successfully recovered a total of 143,100 million RMB from cash management products, generating a return of 788.95 million RMB, and continues to manage idle raised funds for financial investments [1][3][4]. Cash Management Recovery Situation - The company and its subsidiaries recovered a total of 143,100 million RMB from cash management products on June 11 and June 12, 2025, with a total return of 788.95 million RMB [1][3][4]. - The recovered principal and earnings have been deposited into the fundraising account [3]. Ongoing Cash Management Progress - The company held board meetings on August 27, 2024, to approve the use of idle raised funds for cash management [1][4]. - The cash management is based on idle raised funds, ensuring the safety of the raised funds through specialized accounts and agreements with independent financial advisors [4][5]. Cash Management Product Details - The company has entered into agreements for structured deposit products with various banks, including: - **CITIC Bank**: 15,300 million RMB in a structured deposit with expected annual returns of 1.00%, 1.68%, or 2.18% [9]. - **China Merchants Bank**: 45,300 million RMB in a structured deposit with expected returns of 2.10% or 2.30% [9]. - The products are designed to be low-risk, with a focus on capital preservation and liquidity [8][9]. Fundraising Background - The company raised 6,020,040,632.51 RMB through a non-public offering approved by the China Securities Regulatory Commission, with all funds received by April 8, 2018 [4]. - The company has established specialized accounts for managing the raised funds in compliance with regulatory requirements [4].

Core Viewpoint - The company intends to utilize part of its idle raised funds for cash management to enhance fund efficiency and increase shareholder returns [1][2][5] Fundraising Overview - The company raised a total of RMB 403,490,205.00 through its initial public offering, issuing 20,000,000 shares at a price of RMB 22.92 per share [1] - The total investment amount for the projects funded by the raised capital is RMB 520,000,000, with an adjusted amount of RMB 403,490,200 planned for investment [1] Cash Management Plan - The company plans to use up to RMB 220,000,000 of temporarily idle raised funds for cash management within a 12-month period [2][5] - The cash management products will be of high safety, good liquidity, and low risk, with a maturity not exceeding 12 months [2] Decision-Making Process - The board of directors approved the cash management plan, ensuring it does not affect the construction of fundraising projects or the company's normal operations [4][5] - The supervisory board also approved the plan, affirming it aligns with regulatory requirements and benefits the company and shareholders [5] Regulatory Compliance - The cash management plan complies with relevant regulations from the Shenzhen Stock Exchange and does not constitute a related party transaction [4][5] - The sponsor institution has verified that the plan adheres to legal and regulatory standards, ensuring no alteration of the intended use of raised funds [5][6]

Group 1 - The company approved the use of temporarily idle raised funds for cash management, with a maximum amount not exceeding 1,150 million RMB [1] - The investment will be in high-security and high-liquidity products, with a maximum investment period of 12 months [1] - The company will strictly comply with the relevant regulations of the Shanghai Stock Exchange regarding the management of raised funds [1] Group 2 - As of the date of the announcement, the balance of idle raised funds used for cash management is reported [2] - Specific details regarding the cash management products and their performance are provided, including the actual returns and maturity dates [2]

Core Viewpoint - The company is utilizing temporarily idle raised funds for cash management through structured deposits, aiming to enhance fund efficiency and returns for shareholders [1][2]. Summary by Sections Previous Cash Management Redemption - The company redeemed a previous cash management product, recovering a principal of 300 million yuan and earning a return of 3,418,019.26 yuan, which has been returned to the fundraising account [2]. Overview of Current Cash Management - The total investment amount for the current cash management is 230 million yuan [2]. - The funds are sourced from a non-public stock issuance approved by the China Securities Regulatory Commission, raising a net amount of 1,582.9393 million yuan [2]. Investment Details - The investment is allocated into three structured deposit products with the following details: - Product 1: 102 million yuan, annual yield of 0.6% to 3.0151%, term of 97 days [3]. - Product 2: 98 million yuan, annual yield of 0.6% to 3.0149%, term of 95 days [3]. - Product 3: 30 million yuan, annual yield of 1.00% to 2.00%, term of 94 days [3]. Internal Control on Investment Risks - The company has established internal controls for monitoring the use of funds, with the finance department responsible for implementation and oversight [4][5]. Trustee Information - The trustee banks for the structured deposits are China Bank and Ningbo Bank, both of which are publicly listed and have no related party relationships with the company [6]. Financial Impact - As of March 31, 2025, the company's cash and cash equivalents amounted to 1,469,175,694.50 yuan, with the current investment representing 15.66% of this amount [7]. - The investment in structured deposits will not affect the normal operation of fundraising projects and is expected to enhance the efficiency of fund usage [7]. Accounting Treatment - The investment in structured deposits will be recorded as trading financial assets on the balance sheet and will be settled as cash upon maturity, with returns recognized as investment income [8].

Core Viewpoint - The company has approved the use of idle raised funds for cash management, allowing up to RMB 600 million for purchasing short-term financial products with high safety and liquidity, without affecting the implementation of investment projects [1] Group 1: Cash Management Details - The company has invested RMB 50 million in a structured deposit at Industrial Bank, with a term of approximately 186 days and an expected annual yield of 1.20%-1.80% [1] - The structured deposit is classified as a principal-protected floating income type with a low-risk rating (R1) [1] Group 2: Previous Cash Management Activities - As of the announcement date, the total amount of idle raised funds used for cash management that are not yet due is RMB 85 million, which is within the approved limits for cash management [3]

Group 1 - The company has approved the use of idle raised funds for cash management, allowing up to 300 million yuan for purchasing safe and liquid financial products [1] - The board of directors has authorized the chairman to sign relevant contracts, with the finance department responsible for implementation [1] - The supervisory board and the sponsor institution have expressed clear agreement on the matter [1] Group 2 - The company redeemed a structured deposit product worth 40 million yuan, with the principal and earnings returned to the raised funds account [2] - The structured deposit was with Huaxia Bank, and the actual earnings from the investment amounted to 77,150.68 yuan [2]

Core Viewpoint - The company has approved the use of idle fundraising for cash management, allowing investment in safe, liquid principal-protected products up to a maximum of RMB 1.5 billion [2][11]. Group 1: Cash Management Overview - The company plans to use idle funds from its non-public stock issuance to invest in principal-protected financial products, enhancing the efficiency and returns of the raised funds while ensuring no impact on ongoing projects [4][9]. - The cash management will involve a maximum of RMB 800 million in a structured deposit product from Hangzhou Bank, with a term of 364 days [6][10]. Group 2: Financial Product Redemption - The company redeemed a structured deposit product from Hangzhou Bank worth RMB 50 million, receiving the principal and a return of RMB 585,900 on June 6, 2025 [3]. Group 3: Financial Situation and Impact - As of March 31, 2025, the company's cash reserves were RMB 1,874.59 million, with the cash management investment representing 4.27% of total cash, indicating minimal impact on financial health [11]. - The use of idle funds for cash management is expected to improve fund utilization efficiency and generate returns for shareholders without affecting the company's operational projects [11].

Core Points - Tianmu Lake (603136) closed at 12.6 yuan on June 6, 2025, up 10.53% from the previous week [1] - The company's total market capitalization is 3.404 billion yuan, ranking 16th out of 22 in the tourism and scenic area sector and 3929th out of 5148 in the A-share market [1] Company Announcements - The company approved the use of up to 210 million yuan of idle raised funds for cash management on January 10, 2025, and later increased this amount to a total of 300 million yuan [1] - On June 3, 2025, the company subscribed to two structured deposits with Industrial Bank Co., Ltd., totaling 90 million yuan, with terms of 26 days and 208 days [1] - The funds for cash management come from the net proceeds of 289.731 million yuan from a public convertible bond issuance, primarily for the "Nanshan Xiaozhai Phase II Project" and "Yushui Hot Spring (Phase I) Renovation Project" [1] - As of March 31, 2025, the company's total assets were 1.776 billion yuan, with cash and cash equivalents of 525.464 million yuan, making the cash management amount 17.13% of the latest cash balance [1]

Cash Management Overview - The purpose of cash management is to improve the efficiency of the use of raised funds while ensuring that it does not affect the construction of fundraising projects and the use of raised funds, thereby providing more returns for the company and its shareholders [2][3] - The total amount raised from the initial public offering (IPO) was RMB 636.3 million, with a net amount of RMB 565.2 million after deducting related expenses [2][3] Investment Details - The company plans to invest RMB 54 million in bank wealth management products with a management period of 89 days, entrusted to Shanghai Pudong Development Bank [3][4] - The expected annualized return rates for the investment are 0.70%, 2.05%, and 2.25% [4] Approval Process - The board of directors and the supervisory board approved the cash management plan on April 16, 2025, allowing the use of up to RMB 470 million of idle raised funds for cash management within a 12-month period [3][5] Financial Impact - As of March 31, 2025, the company's cash and cash equivalents amounted to RMB 449.15 million, with the cash management investment of RMB 54 million accounting for 12.02% of the total cash [6][7] - The company aims to enhance overall performance and provide better returns for shareholders through cash management of idle funds [7] Recent Cash Management Activities - In the past 12 months, the company has invested a total of RMB 161.5 million in wealth management products, with actual returns of RMB 508,230 and an outstanding principal of RMB 35.8 million [7]

Core Viewpoint - The company intends to increase the use of part of its idle raised funds for cash management to improve fund utilization efficiency while ensuring that it does not affect the construction of fundraising projects or the company's normal operations [1][7][8]. Summary by Sections Fundraising Overview - The company raised a net amount of RMB 374.9462 million from its initial public offering (IPO) by issuing 20 million shares at a price of RMB 3.86538 million [1][2]. - The total investment amount for the fundraising projects was adjusted due to the actual net amount being less than initially disclosed [2][4]. Adjusted Investment Amounts - The adjusted investment amounts for the fundraising projects are as follows: - Annual production of 19.54 million automotive micro-motors and related components: RMB 652.23 million, with RMB 374.9462 million from raised funds [3][5]. - Convertible bonds raised a total of RMB 322.2995 million, with adjustments made to the investment amounts as well [4][5]. Cash Management Plan - The company plans to use up to RMB 200 million of idle raised funds for cash management, increasing the previous limit from RMB 120 million to RMB 320 million [6][7]. - The investment products will include structured deposits, income certificates, principal-protected financial products, and treasury reverse repos [6]. Implementation and Oversight - The management is authorized to sign relevant contracts within the approved limits and duration, with the finance department responsible for implementation [6][7]. - The income generated from cash management will be managed according to regulatory requirements [6][7]. Board and Supervisory Opinions - The board and supervisory committee have approved the cash management plan, confirming it will not affect the fundraising projects or the company's normal operations [7][8]. - The plan aligns with regulatory guidelines and is in the best interest of the company and its shareholders [8]. Sponsor's Verification - The sponsor has verified that the cash management plan has undergone necessary approval processes and does not involve changing the purpose of the raised funds [8][9].