Summary of Key Points Core Viewpoint The company, Fulongma Group Co., Ltd., is utilizing its idle funds for cash management in 2025, focusing on high-security, liquid, and low-to-medium risk financial products to enhance fund efficiency and returns for shareholders. Group 1: Overview of Cash Management - The purpose of the entrusted financial management is to improve the efficiency of fund usage while ensuring the normal operation of the company's main business and daily operational funding needs [1][2] - The maximum amount for cash management is set at RMB 1 billion, with the company authorized to invest in medium-risk or lower-rated financial products [24] Group 2: Financial Products and Management - The company has entrusted financial management to reputable banks including China Merchants Bank, Industrial Bank, and China Postal Savings Bank [1][22] - The highest single-day entrusted financial management amount this quarter reached RMB 351.08 million, accounting for 58.83% of the company's cash as of March 31, 2025 [23] - The financial products selected are characterized as high-security and liquid, ensuring they do not adversely affect the company's main business or financial status [23] Group 3: Financial Product Details - Various financial products are being utilized, including: - Xinyin Wealth Management's Stable Income Product - Nanyin Wealth Management's Cash Management Product - Zhongyou Wealth Management's Flexible Product with a minimum holding period of 14 days [1][4][5] - The expected annualized returns for these products range from 1.65% to 3.00% depending on the specific product and class of shares [6][9][18] Group 4: Risk Control Measures - The company has established internal controls for risk management, including timely analysis and tracking of cash management products, and audits by the audit department [5][22] - The company emphasizes the separation of duties in investment operations to enhance security and confidentiality [6][22] Group 5: Financial Performance Indicators - As of December 31, 2024, the total assets were approximately RMB 6.74 billion, with total liabilities of about RMB 3.01 billion, resulting in net assets of around RMB 3.34 billion [23] - The financial management activities are not expected to negatively impact the company's future main business, financial condition, or cash flow [23]