Core Viewpoint - The company has approved the use of idle raised funds for cash management, allowing up to RMB 600 million for short-term investment products, ensuring it does not affect ongoing projects or normal operations [2]. Group 1: Cash Management Approval - The company held board and supervisory meetings on January 21, 2025, and a shareholder meeting on February 10, 2025, to approve the cash management proposal [2]. - The approved cash management involves using up to RMB 600 million of idle funds for investments in short-term financial products with high safety and liquidity, with a maximum duration of 12 months [2]. Group 2: Specific Cash Management Actions - Recently, the company utilized RMB 200 million of idle funds for cash management, with details provided in the announcement [2]. - The cash management products include floating income certificates from various securities companies, with specific products listed but without detailed financial terms [4][5]. Group 3: Impact on Company Operations - The cash management strategy is designed to enhance fund utilization efficiency and generate investment returns without impacting the company's daily operations or project funding [2].

Core Viewpoint - The company plans to use part of its idle raised funds and self-owned funds for cash management, ensuring that it does not affect the normal operation of its fundraising investment projects [1][2][3] Summary of Relevant Sections 1. Fundraising Overview - The company raised a total of RMB 2,487,120,400.00 through its initial public offering, with a net amount of RMB 2,272,331,393.44 after deducting related issuance costs [1][2] 2. Cash Management Plan - The company intends to use up to RMB 15 billion of idle raised funds and up to RMB 18 billion of idle self-owned funds for cash management, effective for 12 months from the approval date by the second extraordinary general meeting of shareholders in 2025 [3][7] - The cash management aims to enhance the efficiency of fund usage while ensuring the safety of the raised funds [2][4] 3. Investment Products - The cash management will involve purchasing low-risk, liquid principal-protected investment products, such as RMB structured deposits and asset management plans [3][4] 4. Implementation and Disclosure - The management will be authorized to sign relevant contracts and select qualified investment products, with the finance department responsible for implementation [4][6] - The company will comply with relevant regulations for timely information disclosure regarding cash management activities [4][6] 5. Impact on Daily Operations - The planned cash management will not adversely affect the company's normal operations or the progress of fundraising investment projects, and it is expected to generate investment returns that benefit the company and its shareholders [4][5][7] 6. Opinions from Supervisory Bodies - The supervisory board and the sponsor institution, CITIC Securities, have expressed that the cash management plan complies with relevant regulations and will not harm the interests of the company or its shareholders [5][6][7]

Core Viewpoint - The company has approved the use of idle raised funds and its own funds for cash management, aiming to enhance fund utilization efficiency and asset returns while ensuring the safety of the principal [1][4]. Fundraising Basic Situation - The company raised a total of 1.2 billion RMB through a public offering of convertible bonds in March 2019, with a net amount of approximately 1.187 billion RMB after deducting issuance costs [1][2]. Financial Products Overview - The company plans to invest up to 250 million RMB of idle funds in principal-protected financial products and up to 2.5 billion RMB of its own funds in both principal-protected and non-principal-protected financial products, trust products, and entrusted loans [1][4]. - The expected annualized yield for the structured deposit products is between 0.4% and 2.15% [1][2]. Investment Risk and Control Measures - The company will adhere to prudent investment principles, selecting reputable financial institutions with robust risk control measures for cash management [2]. - Regular analysis and tracking of the financial products will be conducted to ensure the safety of funds [2]. Impact on the Company - The use of idle funds for cash management will not affect the normal operation of the company's fundraising projects and is expected to create greater returns for shareholders [2][4]. Previous Financial Product Purchases - In the past twelve months, the company has utilized 200 million RMB of idle funds for cash management, with various financial products yielding between 0.4% and 2.71% annually [3][4].

Core Viewpoint - 甘李药业股份有限公司 has approved the continued use of idle raised funds for cash management, allowing for the investment of up to 250 million RMB in safe and liquid financial products while ensuring that it does not affect the planned use of raised funds for investment projects [2]. Group 1: Cash Management Approval - The company’s board and supervisory board have approved the proposal to use idle raised funds for cash management, with a focus on safety and liquidity [2]. - The maximum amount for investment is set at 250 million RMB, with a duration of up to 12 months from the date of board approval [2]. - The investment products include fixed deposits, structured deposits, and other low-risk financial instruments, which cannot be used for pledging or securities investment purposes [2]. Group 2: Redemption of Financial Products - The company has redeemed a total of 200 million RMB in principal from its financial products, along with an interest income of 2.1819 million RMB, which aligns with expected returns [2]. - The financial products involved were structured deposits, with the principal and earnings transferred to the dedicated account for raised funds [2]. Group 3: Recent Financial Management Overview - In the past 12 months, the company has invested a total of 400 million RMB in financial products, with a total return of 4.9189 million RMB [4]. - The highest single-day investment amount in the last 12 months was 200 million RMB, representing a certain percentage of the company's net assets [5]. - The total available investment limit for financial management is 250 million RMB, with 25 million RMB remaining unused [5].

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, specifically for purchasing safe and liquid principal-protected structured deposits issued by banks, with a maximum investment period of 12 months [1][2]. Group 1: Cash Management Approval - The company’s board approved the cash management proposal at the annual shareholders' meeting held on May 15, 2025 [1]. - The funds will be used to purchase principal-protected structured deposits with high safety and liquidity [1]. Group 2: Redemption of Financial Products - The company has successfully redeemed structured deposit products worth RMB 70 million and RMB 80 million from the Bank of China, with the interest start date being June 3, 2025 [2]. - The redeemed funds have been deposited into the special account for raised funds [2]. Group 3: Historical Cash Management Activities - Over the past twelve months, the company has engaged in cash management activities involving various structured deposit products, with specific details on amounts and investment returns provided in a table format [2][3]. - The structured deposits include various types, such as principal-protected and low-return products, with different maturity dates ranging from early 2024 to early 2025 [3][4].

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 average deposit rates for various terms are declining, with a notable increase in the spread between short-term and long-term deposit rates, indicating a shift in banks' strategies to optimize their liability structures [1][4][9]. Deposit Rate Trends - As of March 2025, the average rates for different deposit terms are as follows: 3-month at 1.249%, 6-month at 1.449%, 1-year at 1.566%, 2-year at 1.666%, 3-year at 2.042%, and 5-year at 1.883% [1][3]. - The month-on-month changes show slight increases in short-term rates (3-month, 6-month, 1-year, and 2-year) while the 3-year and 5-year rates have decreased significantly [4]. Long-term vs Short-term Deposits - There is a strong willingness among depositors to store long-term deposits, leading banks to lower long-term deposit rates to manage the risks associated with high-interest liabilities [4][8]. - Analysts suggest that banks are adopting a "short-term pressure long-term" strategy to guide customers towards shorter-term deposits, reflecting a proactive approach to managing interest rate risks [4][5]. Large Certificate of Deposit (CD) Trends - The average rates for large CDs have also shown a downward trend, with the 3-month rate at 1.386%, 6-month at 1.610%, 1-year at 1.719%, 2-year at 1.867%, 3-year at 2.197%, and 5-year at 2.038% [5][6]. - The decline in large CD rates has led to a situation where the rates for 3-year and 5-year CDs are inverted, indicating a market shift [5][6]. Market Dynamics - The narrowing interest rate spread between large CDs and regular term deposits has resulted in decreased sales of large CDs, as customers find little incentive to choose them over regular deposits [7]. - Factors contributing to the decline in large CD rates include the need for banks to optimize their liability structures, the central bank's rate cuts, and a relatively relaxed market liquidity environment [7]. Structural Deposit Trends - The average term for structured deposits is 89 days, with a slight increase in the average expected yield to 1.96% [8]. - Different types of banks show varying average terms and yields for structured deposits, with state-owned banks having the shortest average term [8]. Future Outlook - Analysts predict that deposit rates are likely to continue declining due to multiple factors, including market expectations, policy rate adjustments, and the need for banks to control funding costs [9].

公司公告汇总 截至2025年3月28日收盘，黄山谷捷（301581）报收于53.8元，较上周的59.42元下跌9.46%。本周，黄 山谷捷3月24日盘中最高价报60.08元。3月28日盘中最低价报53.8元。黄山谷捷当前最新总市值44.36亿 元，在汽车零部件板块市值排名137/225，在两市A股市值排名3148/5140。 本周关注点 公司公告汇总：黄山谷捷赎回2.3亿现金管理产品并继续投资两笔中国银行结构性存款 公司于2025年2月17日召开会议并通过决议，使用不超过2.5亿元的闲置募集资金和不超过1亿元的闲置 自有资金进行现金管理，期限为12个月。近日，公司赎回了到期的现金管理产品，本金共计 230,000,000.00元，取得收益214,050.60元，已归还至募集资金专户。具体赎回情况包括两笔中国银行股 份有限公司黄山分行的人民币结构性存款，金额分别为11,730.00万元和11,270.00万元。公司继续使用部 分闲置募集资金进行现金管理，投资两笔中国银行的人民币结构性存款，金额分别为11,730.00万元和 11,270.00万元，预期年化收益率分别为0.84%-3.09%和0.85%-3.08 ...

证券代码：301581 证券简称：黄山谷捷 公告编号：2025-017 | | | | | 资金 | | | --- | --- | --- | --- | --- | --- | | 分行 | | | | | | | 中国银行 | | | | | | | | | | | 闲置 | | | 股份有限 | 人民币结构 | 保本浮动 | 2025年04 2025年09 | | 0.85%- | | 公司黄山 | 性存款 | 收益型 | 月02日 月24日 | | 3.08% | | | | | | 资金 | | 黄山谷捷股份有限公司 关于部分闲置募集资金现金管理到期赎回并继续进行现金管 理的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 黄山谷捷股份有限公司（以下简称"公司"）于2025年2月17日分别召开第 一届董事会第十三次会议和第一届监事会第九次会议，并于2025年3月5日召开了 公司2025年第一次临时股东大会，审议通过了《关于使用部分闲置募集资金及自 有资金进行现金管理的议案》，同意公司在不影响募集资金投资项目建设和公司 正常经营的情况下，使用不超 ...