纳尔股份公告称，公司于2025年12月24日召开董事会，审议通过使用自有资金进行现金管理的议案。公 司及子公司拟用不超10亿元暂时闲置自有资金，投资金融机构销售的理财产品、存款类产品及国债逆回 购等，资金可滚动使用。投资期限自股东会审议通过起12个月内有效，单项产品期限最长不超一年。该 事项尚需股东会审议。公司将采取措施控制投资风险，此次现金管理不影响主营业务，有望提升业绩。 ...

Group 1 - The company plans to use up to RMB 70 million of idle funds to invest in low-risk financial products or deposits sold by qualified financial institutions, with individual product investment periods not exceeding one year [2][5][7] - The cash management aims to improve fund utilization efficiency while ensuring normal operations and increasing returns for the company and its shareholders [4][11] - The board of directors has authorized the management to make investment decisions within the approved limit, and the authorization is valid for one year from the date of approval [8][10] Group 2 - The company has announced a delay in the completion of certain fundraising projects, specifically the "Chain Supermarket Renovation Project" and the "Yangting Shopping Plaza Project," now expected to be completed by December 2027 [19][20] - The decision to delay is based on the actual progress of the projects and aims to ensure the safety and compliance of the raised funds while optimizing their usage efficiency [18][20] - The board believes that the delay will not adversely affect the company's normal operations and is in line with the long-term interests of the company [22][24]

Core Viewpoint - The company has successfully redeemed part of its idle raised funds used for cash management, achieving a principal return of 200 million yuan and earning 1.46 million yuan in investment income [2][3]. Group 1: Fund Management - The company approved the use of up to 550 million yuan of idle raised funds for cash management, allowing for the purchase of principal-protected financial products or deposit products with a maximum investment period of 12 months [2]. - The cash management period is set for 18 months from the date of approval by the 2024 annual general meeting [2]. - The company has redeemed the financial products as scheduled, with the principal and investment income fully returned to the designated raised funds account [3]. Group 2: Account Management - Due to the redemption of cash management products, the company’s specialized settlement accounts for raised funds management have been automatically canceled by the bank [3]. - The total amount of idle raised funds not yet redeemed stands at 225 million yuan, which remains within the authorized limits set by the board and shareholders [3]. Group 3: Documentation - The company has provided documentation including customer receipts from banks involved in the cash management process [4][5].

格隆汇12月3日丨灿勤科技(688182.SH)公布，公司于2025年12月2日召开第三届董事会第四次会议，审 议通过了《关于使用部分暂时闲置自有资金进行现金管理的议案》，同意公司及子公司使用不超过人民 币90,000万元（包含本数）的部分闲置自有资金进行现金管理，用于购买安全性高、流动性好、风险 低、可转让可提前支取的理财产品或存款类产品，包括但不限于结构性存款、协定存款、通知存款、定 期存款、大额存单、证券理财产品、收益凭证及国债逆回购品种等。使用期限自公司董事会审议通过之 日起12个月内有效，在前述额度及使用期限范围内，资金可以循环滚动使用。 ...

格隆汇12月3日丨灿勤科技(688182.SH)公布，公司于2025年12月2日召开第三届董事会第四次会议，审 议通过了《关于使用部分暂时闲置自有资金进行现金管理的议案》，同意公司及子公司使用不超过人民 币90,000万元（包含本数）的部分闲置自有资金进行现金管理，用于购买安全性高、流动性好、风险 低、可转让可提前支取的理财产品或存款类产品，包括但不限于结构性存款、协定存款、通知存款、定 期存款、大额存单、证券理财产品、收益凭证及国债逆回购品种等。使用期限自公司董事会审议通过之 日起12个月内有效，在前述额度及使用期限范围内，资金可以循环滚动使用。 ...

每经AI快讯，11月26日，敏芯股份公告，公司于2025年11月26日召开第四届董事会第十一次会议，审议 通过了《关于使用暂时闲置募集资金进行现金管理的议案》，同意使用不超过0.90亿元的暂时闲置募集 资金进行现金管理，投资安全性高、流动性好、保本型的理财产品或存款类产品(包括但不限于结构性 存款、保本理财、定期存款、大额存单等)，上述额度自董事会审议通过之日起12个月内有效，资金在 额度范围内可滚动使用。该事项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 - Xiamen Songlin Technology Co., Ltd. plans to utilize up to 1.5 billion yuan of idle funds for cash management, focusing on low-risk financial products to enhance fund efficiency [1][2]. Group 1: Investment Plan - The cash management will involve a maximum investment of 1.5 billion yuan, which can be rolled over within this limit, with any single transaction not exceeding this cap [2]. - The investment will target low-risk financial products or deposits issued by banks, securities companies, and insurance companies, with a maximum maturity of 12 months [2]. Group 2: Approval Process - The board of directors approved this cash management initiative on October 29, 2025, and it does not require shareholder meeting approval as it falls within the board's authority [3]. Group 3: Risk Control - The company acknowledges potential risks such as financial institution liquidation risk, policy risk, liquidity risk, and force majeure risk, and will implement multiple measures to mitigate these risks [4]. - Measures include enhancing internal control systems, continuous monitoring of product performance, and regular audits by independent directors [4]. Group 4: Impact on the Company - The cash management aims to optimize the use of idle funds, improve investment returns, and will not affect the company's operational cash flow or business activities [5]. - This initiative reflects the company's commitment to meticulous management of idle funds, contributing to performance enhancement while ensuring fund safety [5].

Core Viewpoint - The company plans to utilize part of its temporarily idle raised funds for cash management, specifically to purchase safe, liquid, and capital-preserving financial products or deposit-type products [1] Group 1 - The board of directors approved a proposal to use no more than 30 million yuan of temporarily idle raised funds for cash management [1] - The decision is valid for 12 months from the date of board approval and can be used in a rolling manner within the specified limit [1] - This cash management initiative will not affect the progress of the investment projects funded by the raised capital or the company's normal production and operations [1]

Core Insights - The recent performance of major broad-based indices has improved significantly, leading to increased interest in personal pension investments among investors [1] - By the end of 2024, personal pension accounts have shown returns exceeding 10% through investments in broad-based index funds [1] - The investment returns from personal pensions depend on two main factors: tax benefits and actual investment returns [1] Investment Opportunities - The China Securities Regulatory Commission has introduced the first batch of 85 equity index funds for personal pension investments, with 78 tracking broad-based indices [2] - The A-share market has experienced structural adjustments, providing a favorable window for long-term investments in broad-based index funds [2] - The current valuation of the CSI 300 index is at a historical median (PE around 12 times), indicating significant long-term investment value [2] Market Stability - The personal pension system has positively influenced the stability and development of the capital market by guiding long-term funds into the market [3] - The influx of long-term capital through personal pension accounts is expected to improve the overall funding structure of the capital market [3] Long-term Investment Strategy - Since the implementation of the personal pension system in 2022, participation has steadily increased, emphasizing the importance of asset allocation and long-term investment strategies [4] - Investors are advised to follow a principle of "long-term, stable, and equity assets as the core growth engine" in their personal pension allocations [4][5] - It is recommended that investors avoid frequent trading based on short-term market fluctuations and focus on fundamental analysis for sustainable growth [5] Recommendations for Investors - Investors should dynamically adjust their stock-bond ratios based on age and risk tolerance, and regularly rebalance their portfolios [5] - In a declining risk-free interest rate environment, the long-term appeal of equity assets is highlighted, suggesting a strategy of dollar-cost averaging or phased investments [5] - Financial institutions are encouraged to offer more tailored products to meet investor needs and enhance their willingness to invest [6]

Core Points - The company held its 29th meeting of the 3rd Board of Directors on September 22, 2025, where two significant financial management proposals were approved [1] - The first proposal allows the company to use up to 150 million yuan of temporarily idle raised funds for cash management, focusing on high-security, liquid financial products with capital protection agreements [1] - The second proposal permits the company to utilize up to 900 million yuan of idle self-owned funds to purchase similar financial products, also with a maximum duration of 12 months for each product [1] Proposal Details - The cash management period for the first proposal is valid for 12 months from the date of board approval, with individual financial products having a maximum term of 12 months [1] - The management team is authorized to make investment decisions and sign relevant contracts for both proposals, with the authorization period also set for 12 months from board approval [1] - Both proposals were accompanied by verification opinions from the sponsoring institution, ensuring compliance and oversight [2]