Core Viewpoint - The company has approved the use of temporarily idle raised funds for cash management, allowing for a maximum of RMB 450 million to be utilized within a 12-month period starting from January 19, 2025 [1] Group 1: Cash Management Implementation - The company has invested RMB 20 million in a "CITIC Bank Large Denomination Certificate of Deposit" and RMB 70 million in a "Ningbo Bank Half-Year Time Deposit" [2] - The company has recently redeemed these financial products, recovering a total of RMB 90 million and earning cash management income of RMB 872,500 [2] - The company has also purchased additional financial products, including a CITIC Bank Large Denomination Certificate of Deposit with a principal of RMB 20 million and a 36-month term with an expected annual yield of 2.10% [3][8] Group 2: Financial Impact - The use of temporarily idle raised funds for cash management is designed to ensure the safety of the principal and will not affect the construction of fundraising projects or the normal operation of the main business [5] - This cash management strategy aims to enhance the efficiency of idle funds and generate investment returns, ultimately benefiting the company and its shareholders [5] Group 3: Current Status of Cash Management - As of the announcement date, the company has successfully recovered the principal and returns from previously matured financial products, with an outstanding balance of RMB 350 million in cash management that remains within the authorized limit [6]