Core Points - Jiangsu Benchuan Intelligent Circuit Technology Co., Ltd. has completed its response to the second round of inquiry from the Shenzhen Stock Exchange regarding its application to issue convertible bonds to unspecified objects [1] - The company received the inquiry letter on October 17, 2025, and has since worked with relevant intermediaries to address the listed questions and update the application documents [1] - The issuance of convertible bonds is still subject to approval from the Shenzhen Stock Exchange and registration by the China Securities Regulatory Commission, indicating uncertainty in the process [1] Summary by Sections - **Company Announcement**: The company announced on October 24, 2025, that it has completed the response to the inquiry from the Shenzhen Stock Exchange [1] - **Inquiry Details**: The inquiry letter was received on October 17, 2025, and the company has provided detailed responses and supplementary documents [1] - **Regulatory Process**: The issuance of the convertible bonds requires further review by the Shenzhen Stock Exchange and approval from the China Securities Regulatory Commission, highlighting the regulatory hurdles ahead [1]

Core Viewpoint - The company, Guangdong Shiyun Circuit Technology Co., Ltd., has announced the use of part of its idle raised funds for cash management, focusing on low-risk financial products to enhance fund utilization efficiency and generate investment returns for the company and its shareholders [1][3]. Group 1: Cash Management Basic Situation - The company has approved the use of up to RMB 110 million of temporarily idle raised funds for cash management, primarily for purchasing safe, liquid, and principal-protected deposits or financial products [2]. - The investment products must not be pledged, and the duration of each investment product should not exceed 12 months, with the resolution valid for 12 months from the board's approval date [2]. Group 2: Current Cash Management Status - As of the announcement date, the company has not yet reached the maturity of its cash management products, indicating ongoing management of idle funds [3]. Group 3: Impact of Cash Management on the Company - The cash management initiative is conducted without affecting the normal investment plans of the raised funds and ensures the safety of the raised funds, thereby improving the efficiency of fund utilization and providing additional investment returns for the company and its shareholders [3].

Group 1 - The company has approved a profit distribution plan, proposing a cash dividend of 1 yuan per 10 shares to all shareholders, with no bonus shares issued [1][2] - The total share capital for the dividend distribution is based on 76,328,284 shares after excluding 970,000 shares repurchased [1] - There have been no changes in the controlling shareholder or actual controller during the reporting period [2] Group 2 - The company does not have any preferred shareholders or related holdings during the reporting period [2] - There are no significant matters disclosed through temporary announcements during the reporting period [2]

Core Viewpoint - Jiangsu Benchuan Intelligent Circuit Technology Co., Ltd. is actively managing its idle funds through cash management and entrusted wealth management to enhance capital efficiency and generate investment returns [4][5]. Group 1: Trading Information - As of August 7, 2025, Benchuan Intelligent's stock closed at 47.64 yuan, down 1.22%, with a turnover rate of 6.68%, trading volume of 36,800 shares, and a transaction amount of 175 million yuan [1]. - On the same day, the net outflow of main funds was 16.14 million yuan, while retail investors saw a net inflow of 15.01 million yuan [2]. Group 2: Company Announcements - The third board meeting of Jiangsu Benchuan on August 7, 2025, approved three key proposals regarding the use of idle funds [2][3]. - The company plans to use up to 40 million yuan of idle raised funds for cash management and up to 400 million yuan of idle self-owned funds for entrusted wealth management, both with a validity period of 12 months [3][4]. - The company and its subsidiaries will also engage in foreign exchange hedging with a maximum contract value of 400 million yuan or equivalent foreign currency, also valid for 12 months [3][4]. Group 3: Financial Management Strategy - The company aims to improve fund utilization efficiency and achieve certain investment returns through cash management and entrusted wealth management [4][5]. - The investment products for cash management will include high-safety structured deposits and large certificates of deposit, with a maximum investment period of 12 months [5]. - The company has implemented multiple risk control measures, including selecting high-safety and liquid investment products and enhancing internal audit supervision to ensure fund safety [5].

Core Viewpoint - The company has announced its 2024 annual profit distribution plan, which includes a cash dividend of 1 yuan per 10 shares for all shareholders, totaling approximately 7.63 million yuan, excluding repurchased shares [2][4]. Group 1: Dividend Distribution Details - The total share capital of the company is 77,298,284 shares, from which 970,000 shares held in the repurchase account are excluded, resulting in a base of 76,328,284 shares for the dividend distribution [2][4]. - The cash dividend distribution will be 1 yuan (including tax) for every 10 shares held, amounting to a total cash dividend of 7,632,828.40 yuan [2][4]. - The dividend will not include stock bonuses or capital reserve transfers to increase share capital [2][4]. Group 2: Taxation and Shareholder Eligibility - For QFII, RQFII, and individual shareholders holding pre-IPO restricted shares, the cash dividend will be 0.90 yuan per 10 shares after tax [2][3]. - The tax rate for dividends will vary based on the holding period of the shares, with specific tax amounts outlined for different holding durations [3]. - The distribution will be applicable to all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shenzhen Branch as of the close of trading on August 7, 2025 [3][4]. Group 3: Adjustments and Commitments - The reference price for the ex-dividend date will be calculated by subtracting the per-share cash dividend from the closing price on the dividend registration date [4]. - The minimum selling price commitment for major shareholders has been adjusted to 31.33 yuan per share following the dividend distribution [5].