Core Viewpoint - The company has approved a plan to utilize idle raised funds and self-owned funds for cash management, indicating a strategic approach to optimize financial resources [1] Group 1: Fund Management - The company will use up to RMB 0.80 billion of idle raised funds and up to RMB 14.00 billion of idle self-owned funds for cash management [1] - Investment products will include high-security and liquid options such as structured deposits, time deposits, agreement deposits, large certificates of deposit, or bank wealth management products [1] - The usage period for these funds will be effective for 12 months from the date of approval by the shareholders' meeting, with a specific condition regarding the approval date [1] Group 2: Financial Impact - The cash management of idle raised funds will not affect the progress of investment projects funded by the raised capital or the company's normal production and operations [1] - The funds will be returned to the special account for raised funds promptly upon maturity of the cash management [1]

Core Viewpoint - Hebei Zhongci Electronic Technology Co., Ltd. has approved the use of up to RMB 1.83 billion of idle raised funds for cash management, focusing on safe, liquid, and principal-protected bank deposits with a maximum investment period of 12 months [1][8]. Group 1: Cash Management Implementation - The company has signed agreements with Bank of China to purchase RMB structured deposits amounting to RMB 52 million and RMB 48 million, respectively [2][22]. - The structured deposits are principal-protected with floating returns, starting on January 23, 2026, and maturing on April 21, 2026, and starting on January 26, 2026, and maturing on April 23, 2026 [3][22]. - The company ensures that the use of idle funds does not affect the construction of fundraising projects and normal operations, aiming to enhance fund efficiency and generate investment returns for shareholders [2][14]. Group 2: Financial Overview - As of the announcement date, the company has not redeemed RMB 1.4 billion of idle raised funds for cash management, with RMB 640 million from the company and RMB 760 million from its wholly-owned subsidiary, Beijing Guolian Wanzhong Semiconductor Technology Co., Ltd. [5][18]. - The company has also reported the redemption of RMB 145 million from its subsidiary, with total investment returns of RMB 175,100 [9][18]. Group 3: Risk Management - The company acknowledges that while the investments are low-risk, they are still subject to market fluctuations influenced by macroeconomic conditions [4][15]. - The company will adhere to prudent investment principles, avoiding high-risk securities and ensuring that funds are monitored and managed effectively [4][17].

南财智讯2月4日电，中瓷电子公告，公司已如期赎回中国银行股份有限公司石家庄市合西支行两笔人民 币结构性存款（本金5200万元、4800万元）及中信银行股份有限公司石家庄分行一笔共赢智信汇率挂钩 人民币结构性存款（本金1500万元），赎回时间为截至2026年2月4日，合计赎回本金11500万元，获得 理财收益共计44.37万元。本金及理财收益已全额存入募集资金专户。公司将根据募投项目进度及资金 需求，合理安排募集资金使用。本次赎回不会影响募集资金投资项目进度和公司正常生产经营。 ...

Core Viewpoint - The company announced that its board approved the use of up to 300 million yuan of its own funds for cash management purposes by May 2025 [1] Group 1 - The subsidiary, Hunan Honggong Intelligent, utilized 49 million yuan and 51 million yuan of its own funds to purchase structured deposits from the Bank of China on February 2 and 3, respectively [1] - The expected annualized yield for these structured deposits is 0.5999% or 2.6790% for the first deposit and 0.6000% or 2.6793% for the second deposit [1] - The maturity dates for these deposits are set for May 7 and May 9 [1] Group 2 - As of the announcement date, the company and its subsidiaries have a total of 280 million yuan in outstanding deposits that have not yet matured, which is within the authorized limit [1]

Core Viewpoint - The company has announced the continuation of cash management using idle raised funds, with a maximum amount of RMB 250 million, aimed at improving fund utilization efficiency while ensuring that it does not affect the construction and use of investment projects [1][9]. Investment Overview - **Investment Purpose**: The objective is to enhance the efficiency of fund utilization without impacting the construction of investment projects, thereby increasing returns for the company and its shareholders [3]. - **Investment Amount**: The total amount for the entrusted financial management is RMB 250 million [4]. - **Source of Funds**: The funds are sourced from temporarily idle raised funds [5]. Fundraising Background - The company was approved to publicly issue 40.2 million shares at a price of RMB 63.32 per share, raising a total of RMB 2545.464 million, with a net amount of RMB 2441.1345 million after deducting issuance costs [6]. Investment Types and Management - **Investment Type**: The company will invest in RMB structured deposits [7]. - **Investment Method**: The company will use temporarily idle raised funds to purchase cash management products issued by banks, which are characterized by high safety, good liquidity, and a maximum term of 12 months [8]. Recent Financial Management Situation - As of June 30, 2025, the company has invested RMB 2,081.956 million in projects funded by raised funds, with net interest income from the raised funds account amounting to RMB 7.2489 million [8]. Impact on the Company - The maximum amount of idle raised funds for cash management is RMB 250 million, which represents 12.11% of the company's latest cash balance, and is not expected to significantly impact the company's future operations, financial status, or cash flow [12].

Core Viewpoint - The company has approved the use of idle raised funds for cash management, allowing up to RMB 210 million for investment decisions while ensuring the normal use of raised funds and effective risk control [1]. Group 1: Fund Management Decisions - The company has authorized the general manager to make investment decisions within the approved limit for a period of 12 months from the board's approval date [1]. - The company has successfully redeemed various financial products purchased with idle funds, including RMB 25 million from China Everbright Bank and RMB 20 million from China Merchants Bank, with total returns reported [2][3]. Group 2: Financial Product Purchases - The company purchased structured deposits from various banks, including RMB 11.25 million and RMB 10.8 million from Bank of China, with all principal and returns received as scheduled [3][4]. - The total amount of idle funds used for financial products that have not yet matured is RMB 160 million, which is within the authorized limits set by the board and shareholders [8]. Group 3: Risk Control Measures - The company has established strict criteria for selecting investment products, focusing on reputable institutions with strong operational capabilities [7]. - An investment ledger will be maintained to track the progress of financial products, and the audit department will conduct comprehensive checks to assess potential risks [7]. Group 4: Impact on Company - The use of idle funds for low-risk investments is expected to enhance the efficiency of fund utilization and increase company revenue, aligning with the interests of all shareholders [8].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 Beijing Saimo Technology Co., Ltd. 北京賽目科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2571） 須予披露交易 認購該等結構性存款產品 及 臨時偏離全球發售所得款項用途 認購該等結構性存款產品 董 事 會 宣 佈，自 二 零 二 五 年 三 月 三 日 至 二 零 二 五 年 五 月 二 十 六 日 期 間，本 公 司 分 別 從 中 國 銀 行 和 招 商 銀 行 認 購 了 該 等 結 構 性 存 款 產 品，認 購 金 額 乃 是 使 用 本 公 司 自 有 閒 置 資 金，詳 情 如 下： 中國銀行結構性存款產品 – 1 – • 於 二 零 二 五 年 三 月 三 日，本 公 司 分 別 認 購 金 額 為 人 ...

Core Viewpoint - Guanghua Technology (002741) has effectively managed its idle raised funds through cash management, demonstrating a proactive approach to optimizing returns while ensuring that ongoing projects remain unaffected [1]. Group 1: Stock Performance - As of November 6, 2025, Guanghua Technology's stock closed at 21.86 CNY, reflecting a 5.0% increase from the previous trading day [1]. - The stock opened at 20.82 CNY, reached a high of 22.06 CNY, and a low of 20.76 CNY, with a trading volume of 7.08 billion CNY and a turnover rate of 7.7% [1]. Group 2: Financial Management - The company announced the full recovery of 15 million CNY from a recently matured RMB structured deposit, yielding a profit of 100.60 thousand CNY [1]. - Guanghua Technology has invested in three new cash management products, including two RMB structured deposits and one Guangfa Securities income certificate, totaling 17.73 million CNY, sourced entirely from idle raised funds [1]. - The investment duration for these products ranges from 53 to 56 days, with an expected annualized return rate between 0.60% and 2.24% [1]. - As of the announcement date, the balance of idle raised funds invested in cash management products that have not yet matured stands at 49.73 million CNY [1]. Group 3: Risk Management - The company emphasized that these cash management operations do not impact the normal progress of fundraising projects and that relevant risk control measures have been implemented [1].

Core Viewpoint - The article discusses the ongoing decline in deposit interest rates in China, highlighting the inversion of interest rates between different deposit terms and the implications for banks' funding strategies [4][5][8]. Deposit Rate Trends - As of September 2025, the average interest rates for various deposit terms are as follows: 3-month at 0.944%, 6-month at 1.147%, 1-year at 1.277%, 2-year at 1.367%, 3-year at 1.688%, and 5-year at 1.519% [6][8]. - The rates have shown a downward trend, with the 3-year rate being higher than the 5-year rate, indicating a persistent inversion in the interest rates [5][9]. Market Reactions and Expectations - The decline in deposit rates is anticipated by the market, primarily due to the continuous pressure on net interest margins, which have decreased from 1.52% at the end of last year to 1.42% by the end of the second quarter of this year [8][9]. - Analysts suggest that banks are likely to continue adjusting deposit rates downward to optimize their funding structures and manage the costs associated with long-term deposits [10]. Large Denomination Certificates of Deposit (CDs) - The interest rate advantage of large denomination CDs is diminishing, with average rates for various terms in September 2025 being: 3-month at 1.134%, 6-month at 1.318%, 1-year at 1.394%, 2-year at 1.356%, 3-year at 1.729%, and 5-year at 1.610% [12]. - The rates for one-year and longer-term large denomination CDs are becoming comparable to regular deposit rates, indicating a narrowing of the interest rate spread [12]. Structural Deposit Products - The average term for structured deposits has increased to 106 days, with an average expected middle yield of 1.59% and an expected maximum yield of 2.09% [13]. - Different types of banks show varying trends in structured deposit yields, with state-owned banks offering a higher average expected maximum yield compared to joint-stock banks [13][14]. Conclusion - The overall trend indicates a continued downward pressure on deposit rates, with banks likely to maintain a strategy of encouraging short-term deposits over long-term ones to manage their funding costs effectively [10][12].

Core Viewpoint - The average deposit rates in China continue to decline, with significant pressure on net interest margins, leading to a persistent inversion in long-term and short-term deposit rates [1][4][5]. Deposit Rate Trends - As of September 2025, the average deposit rates for various terms are as follows: 3-month at 0.944%, 6-month at 1.147%, 1-year at 1.277%, 2-year at 1.367%, 3-year at 1.688%, and 5-year at 1.519% [1][3]. - Compared to the previous month, the rates have decreased slightly across all terms, with the most significant drop being 0.4 basis points for the 3-year term [1][3]. Net Interest Margin Pressure - The net interest margin for commercial banks has been on a downward trend, recorded at 1.52% at the end of last year, 1.43% at the end of Q1, and 1.42% at the end of Q2 this year [4]. - The continuous decline in deposit rates is attributed to the ongoing pressure on net interest margins, which has led banks to adjust their deposit pricing strategies [4][5]. Long-term vs Short-term Rate Inversion - A notable phenomenon is the inversion of average rates between 3-year and 5-year deposits, with the 3-year rate at 1.688% being higher than the 5-year rate at 1.519% [1][4]. - This inversion has been persistent since 2024, indicating a shift in depositor behavior towards shorter-term deposits [5]. Large-denomination Certificate of Deposit (CD) Trends - The average rates for large-denomination CDs have also shown mixed trends, with the 3-month rate at 1.134%, 6-month at 1.318%, and 1-year at 1.394% [6][7]. - The rate differences between large-denomination CDs and regular deposits are narrowing, particularly for terms longer than one year [7]. Structural Deposit Insights - The average term for structured deposits has increased to 106 days, with a slight decrease in average expected middle yield to 1.59% [7][8]. - Different types of banks show varying trends in structured deposit terms and yields, with foreign banks having the longest average term at 405 days and the highest expected yield at 4.35% [7][8].