登录新浪财经APP 搜索【信披】查看更多考评等级 近日，山西振东制药股份有限公司（证券代码：300158，证券简称：振东制药）发布了关于公司及其子 公司使用自有资金进行现金管理的公告。 2025年8月22日，振东制药召开了第六届董事会第四次会议及第六届监事会第四次会议，审议通过了 《关于公司及其子公司使用自有资金进行现金管理的议案》。公司将在确保不影响正常经营以及保证流 动性和资金安全的前提下，使用自有资金不超过人民币10亿元进行现金管理，并授权管理层在上述额度 内负责办理实施，授权期限自公司第六届董事会第四次会议审议通过之日起一年。 公司表示，在保证正常经营所需流动资金的情况下，适度进行现金管理不会影响主营业务开展，还能提 高资金使用效率，获得投资效益，提升整体业绩水平，为股东谋取更多回报。 此次议案获得了董事会和监事会的同意，监事会认为该事项符合相关规定，有利于提高资金使用效率和 现金管理收益，符合公司和全体股东的利益，决策审议程序合法、合规。 备查文件包括公司第六届董事会第四次会议决议、公司第六届监事会第四次会议决议以及第六届董事会 战略与发展委员会2025年第一次会议决议。该公告发布于2025年8月2 ...

Core Viewpoint - Companies are increasingly allocating significant amounts of their own funds for securities investments, indicating a positive outlook on the current capital market [2][3][4]. Group 1: Company Announcements - Lio Group announced plans to use up to 30 billion RMB of its own funds for securities investments, including new stock subscriptions, stock and depositary receipt investments, bond investments, and entrusted financial management [2][4][5]. - Heshun Petroleum also announced a plan to invest up to 200 million RMB of idle funds in securities, with similar investment types as Lio Group [8][10]. Group 2: Market Reactions - The announcement from Lio Group sparked market interest, with some market participants humorously questioning if a bull market could be slow given such large investments [3]. - The simultaneous announcements from both companies reflect a broader trend among listed companies to invest in the stock market rather than opting for low-risk financial products [3][10]. Group 3: Investment Strategies - Lio Group aims to enhance the efficiency and returns of its funds while ensuring that normal business operations are not affected and investment risks are effectively controlled [4][5]. - Heshun Petroleum emphasized the importance of safeguarding daily operational funding needs while optimizing investment structures to create greater economic benefits [10]. Group 4: Industry Context - The trend of companies investing in securities is not unique, as many companies have disclosed similar plans, although most have opted for low-risk, capital-preserving financial products [10][11]. - The current market environment, characterized by low interest rates and a favorable stock market, has led to a shift in investment strategies among companies, with a growing preference for equities over fixed-income products [12][13].

Core Viewpoint - Many individuals misunderstand "low-risk investment," equating it with "capital protection" and "stable returns," leading to unexpected losses or liquidity issues. True low-risk investment requires careful detail management to achieve steady growth [1] Common Misconceptions about Low-Risk Investment - Misconception 1: Equating "low risk" with "capital protection" Many investors believe that money market funds and bond funds are guaranteed not to lose value. However, low risk only indicates a lower probability and smaller magnitude of loss, not absolute capital protection. For instance, in 2022, some bond funds experienced daily net value declines of over 0.5% due to bond price fluctuations [4][6] - Misconception 2: Focusing solely on yield while ignoring liquidity needs Investors often choose low-risk products based only on yield comparisons, neglecting liquidity terms such as lock-up periods and redemption restrictions. For example, a bond fund with a 6-month lock-up may offer slightly higher returns but could lead to losses if funds are needed unexpectedly [6][9] - Misconception 3: Over-concentration in a single product, ignoring risk diversification Some investors think that low-risk products are safe enough to invest all funds in one product, such as a single bond fund. However, low risk does not mean no risk, and concentration can lead to significant losses if the fund is heavily invested in a specific type of credit bond [9][13] - Misconception 4: Ignoring the impact of fees on returns Low-risk products typically have low returns, and overlooking costs like subscription fees and redemption fees can significantly reduce actual returns. For example, a bond fund with a subscription fee of 0.8% and a redemption fee of 0.1% can lead to a net gain of only 10 yuan after fees if the fund earns 100 yuan [13][15] Conclusion - The essence of low-risk investment is to find a balance between safety and flexibility. It is not a shortcut to easy profits but requires careful selection of products and cost management based on individual financial plans and risk tolerance [15]

Core Viewpoint - Ningde Times announced an increase in its entrusted wealth management quota by up to RMB 40 billion, raising the total quota to RMB 80 billion for the year 2025, funded by temporarily idle self-owned funds [1] Group 1 - The company plans to invest in low-risk wealth management products that have high safety and liquidity [1] - As of June 30, 2025, the company's cash and cash equivalents reached RMB 350.578 billion, indicating a strong liquidity position [1]

Core Viewpoint - The document outlines the management system for entrusted financial management by Baoding Dongli Machinery Manufacturing Co., Ltd. and its wholly-owned subsidiaries, aiming to regulate operations, control risks, and enhance investment returns while safeguarding the interests of the company and its shareholders [1]. Group 1: General Principles - The entrusted financial management is defined as the act of utilizing idle funds and raised funds to increase cash asset returns by entrusting professional financial institutions for investment and management [1][2]. - The management principles include "standardized operation, risk prevention, cautious investment, and value preservation and appreciation," prioritizing the normal operation and development of the company's main business [2]. Group 2: Approval and Execution Procedures - Any entrusted financial management activities by subsidiaries must be reported to the company for approval, and no activities can be conducted without such approval [2]. - The approval process for using idle self-owned funds for entrusted financial management requires board approval if the amount exceeds 10% of the latest audited net assets and is over 10 million RMB [3]. - If the amount exceeds 50% of the latest audited net assets and is over 50 million RMB, it must also be submitted for shareholder meeting approval [3]. Group 3: Risk Management and Supervision - The company must ensure that the financial products are issued by qualified institutions with good credit and financial status, and a written contract must be signed to clarify the rights and obligations of both parties [2][3]. - The capital department is responsible for feasibility analysis, risk assessment, and monitoring the execution of entrusted financial management activities [5][6]. Group 4: Accounting and Disclosure - Upon completion of entrusted financial management, the company must obtain investment proof and timely record it, ensuring compliance with accounting standards [8]. - The securities department is responsible for disclosing information related to entrusted financial management in accordance with relevant laws and regulations [10][11].

Core Points - The company has established a system for managing entrusted financial management to control risks and improve investment returns for the benefit of the company and its shareholders [1][10] - The entrusted financial management involves using idle funds to invest in low-risk financial products through qualified financial institutions, ensuring safety and liquidity [1][2] - The company emphasizes a principle of "standardized operation, risk prevention, and cautious investment" in its financial management activities [1][2] Summary by Sections Chapter 1: General Principles - The system aims to regulate the company's entrusted financial management and ensure compliance with relevant laws and regulations [1] - Entrusted financial management is defined as the investment of idle funds in low-risk financial products to enhance asset returns while ensuring safety and liquidity [1][2] Chapter 2: Approval Authority and Execution Procedures - Approval for entrusted financial management is tiered based on the amount relative to the company's audited net assets, with specific thresholds for different levels of approval [2][3] - The company can estimate future investment ranges and amounts to streamline the approval process for frequent transactions [3] Chapter 3: Daily Management and Reporting System - The financial center is responsible for managing entrusted financial management, including planning, risk assessment, and compliance with approval processes [5][6] - Monthly reconciliations and reporting on the performance of financial products are required to ensure accurate tracking of returns and compliance with accounting standards [6][13] Chapter 4: Risk Control and Information Disclosure - The audit department supervises the entrusted financial management and conducts audits to verify fund usage [7] - The company must select qualified financial institutions and clearly define the terms of the entrusted financial management to mitigate risks [7][8] - Independent directors have the authority to supervise and audit the entrusted financial management activities [7][9] Chapter 5: Supplementary Provisions - The system will be effective upon approval by the board of directors and will be interpreted by the board [10][11]

Core Viewpoint - The company plans to use up to RMB 500 million of its idle funds to purchase low-risk financial products, aiming to enhance investment returns while ensuring normal business operations are not affected [1][2][4]. Investment Overview - The company intends to invest a maximum of RMB 500 million of its idle funds in low-risk financial products, with the ability to roll over the funds within this limit [2][3]. - The investment will be limited to financial products with a maturity of no more than one year and will not include other securities investments or products linked to stocks or unsecured bonds [2][4]. Risk Control Measures - The company will select reputable financial institutions with strong credit ratings for the investment and will formalize agreements detailing the investment amount, duration, and responsibilities [2][3]. - Internal audits and oversight by independent directors and the supervisory board will be implemented to monitor the use of funds [3][4]. Impact on the Company - The investment in low-risk financial products is expected to enhance the company's investment returns without disrupting normal cash flow or core business operations [3][4]. Approval Process - The proposal was approved in the board and supervisory meetings held on June 30, 2025, and will be submitted for shareholder approval [3][4].

Core Viewpoint - The company has announced the cancellation of a special settlement account for fundraising financial products and the establishment of new accounts for cash management of excess and idle fundraising funds, ensuring compliance with relevant regulations and maintaining the safety and efficiency of fund utilization [2][3][5]. Group 1: Cancellation of Special Settlement Account - The company has completed the cancellation of the special settlement account for fundraising financial products at Huatai Securities, as all purchased financial products have matured and been redeemed [3]. - The account details for cancellation include the account number 666810028046 at Huatai Securities [3]. Group 2: Establishment of New Accounts - The company has opened new special settlement accounts for fundraising financial products at Shenwan Hongyuan Securities and CITIC Securities [3]. - These accounts will be used exclusively for cash management of excess and idle fundraising funds and will not be used for non-fundraising purposes [3]. Group 3: Cash Management and Risk Control - The company plans to use part of the excess and idle fundraising funds for cash management, ensuring that it does not affect the normal operation of fundraising investment projects [5]. - The company will adhere to relevant regulations and implement strict risk control measures, including monitoring product performance and taking timely actions if adverse factors are identified [4]. Group 4: Impact on the Company - The cash management of excess and idle funds is expected to improve the efficiency of fund utilization and generate certain financial returns for the company and its shareholders [5]. - The company assures that this action will not change the intended use of fundraising funds or affect the normal development of its main business [5].

Investment Overview - The company plans to utilize idle self-owned funds for entrusted wealth management, with a total investment limit not exceeding RMB 500 million, allowing for rolling use of funds within this limit [1][2] - The investment will focus on low-risk financial products such as structured deposits and income certificates, ensuring high safety and liquidity [1][2] Authorization and Procedures - The authorization for this investment is valid for one year from the date of approval by the board of directors, and does not require shareholder approval as it does not constitute a related party transaction [2] - The management team is authorized to sign relevant legal documents and implement the investment matters within the defined limits [2] Risk Analysis and Control Measures - The company acknowledges potential risks such as market fluctuations affecting the value and returns of investments, and the possibility of early redemption leading to penalties [2] - Risk control measures include strict selection of investment targets, timely monitoring of investment progress, and regular audits to ensure the safety of funds [2] Impact on the Company - The chosen wealth management products are expected to be low-risk and will not affect the company's daily operations or main business development [2] - Utilizing idle funds for wealth management is anticipated to enhance the efficiency of fund usage and generate additional investment returns for the company and its shareholders [2]

Core Points - Beikong Technology (600980) closed at 17.09 yuan on June 6, 2025, up 2.95% from last week's 16.6 yuan [1] - The company's market capitalization is currently 3.235 billion yuan, ranking 123rd out of 177 in the specialized equipment sector and 4048th out of 5148 in the A-share market [1] Company Announcements - Beikong Technology plans to use no more than 600 million yuan of temporarily idle self-owned funds for cash management [1] - The eighth board of directors approved the proposal to use idle funds, allowing for a maximum usage period of 12 months, ensuring that normal production and operations are not affected [1] - The supervisory board also approved the cash management proposal, stating that it will enhance fund utilization efficiency and increase returns without impacting normal operations [1] - The funds will be allocated to low-risk financial products or structured deposits with high safety and liquidity, with internal audits and oversight mechanisms in place to monitor fund usage [1]