Core Viewpoint - The company plans to continue using up to RMB 500 million of temporarily idle raised funds for cash management, focusing on low-risk, high-liquidity investment products to enhance fund utilization efficiency and shareholder returns [2][18][49]. Fundraising Basic Situation - The company raised a total of RMB 1,081.49 million through the issuance of convertible bonds, with a net amount of RMB 1,069.04 million after deducting issuance costs [3]. - The funds have been deposited in a dedicated account for regulatory management to protect investor interests [3]. Fund Usage and Balance - As of June 30, 2025, the balance of the raised funds in the dedicated account was RMB 124.10 million [5]. - The company anticipates that some of the raised funds may remain idle for a certain period due to project progress [7]. Previous Cash Management Situation - In January 2025, the company approved the use of up to RMB 700 million of temporarily idle funds for cash management, investing in low-risk financial products [8]. - By October 2025, the company had utilized RMB 455 million for cash management, including structured deposits and large-denomination certificates of deposit [8]. Proposed Cash Management - The company aims to use up to RMB 500 million of temporarily idle funds for cash management to improve efficiency and reduce financial costs [9][10]. - The investment products will include high-safety, high-liquidity, and capital-protected financial products, with a maximum investment period of 12 months [11][12]. Approval Process - The board of directors held a temporary meeting on November 20-21, 2025, to approve the cash management proposal, which does not require shareholder meeting approval [18][49]. Impact on Daily Operations - The proposed cash management will not affect the normal operation of the company or the progress of fundraising projects, and it is expected to enhance overall performance and shareholder returns [17].

Group 1 - The company approved the use of idle raised funds for cash management, with a maximum amount of RMB 700 million [1] - The funds will be used to purchase high-security, liquid structured deposits or stable short-term financial products, with an investment period of 12 months [1] - The board and supervisory committee have expressed their agreement with the proposal [1] Group 2 - On August 7, 2025, the company redeemed a structured deposit contract with China Everbright Bank, recovering principal of RMB 180 million and earning a return of RMB 765,000 [2]

Core Viewpoint - The trend of "deposit migration" among residents is increasing, with a notable decline in bank deposit products and a slight rise in wealth management and stock investments [1][5] Group 1: Deposit Trends - Resident deposits have decreased for two consecutive months, with an addition of 110 billion yuan in August, down 60 billion yuan year-on-year [1] - Non-bank deposits increased by 1.18 trillion yuan in August, showing significant growth compared to the same period last year [1] - The proportion of deposit products among listed companies has declined, with a shift towards wealth management and stock investments [2][3] Group 2: Wealth Management and Investment Shifts - Listed companies have announced a total of 373.4 billion yuan in wealth management investments over the past year, with a notable increase in the proportion of wealth management products [2] - The amount allocated to wealth management products reached approximately 589.94 million yuan, accounting for 28% of total investment, compared to 15.16% in the previous period [3] - Some companies are extending their investment targets to the primary market, indicating a diversification in investment strategies [4] Group 3: Market Conditions and Institutional Response - The continuous decline in corporate deposit rates and the recovery of the equity market are driving companies to reduce deposit sizes and increase wealth management and stock investments [5][6] - Recent adjustments in deposit rates have seen significant reductions, with major banks lowering rates across various terms [6] - The average annualized yield for bank wealth management products is now higher than that of deposit products, prompting a shift in investment strategies among companies [7][8] Group 4: Future Outlook - Companies are expected to continue reallocating funds from deposits to wealth management, with estimates suggesting a potential migration of several hundred billion yuan in the coming year [8] - The interest in overseas wealth management products is also growing, indicating a broader diversification in asset allocation strategies [8]

Core Viewpoint - Zhejiang Weixing Intelligent Instrument Co., Ltd. has approved the use of idle self-owned funds for entrusted wealth management, with a single investment limit of up to RMB 100 million, which can be rolled over within one year from the date of approval by the shareholders' meeting [1]. Group 1: Wealth Management Activities - The company signed an agreement with Ningbo Bank to purchase structured deposit products using RMB 50 million of idle self-owned funds, with an annualized yield ranging from 1.00% to 2.30% [1]. - The principal of RMB 50 million from the structured deposit product was redeemed on September 4, 2025, along with the investment returns [2]. - The company has utilized a total of RMB 30 million in cash management products that are still outstanding, ensuring that all investments remain within the authorized limits set by the shareholders' meeting [4]. Group 2: Financial Performance - The company has successfully recovered the principal and returns from all matured wealth management products as of the date of the announcement [4]. - The company has engaged in various wealth management products with different banks, including structured deposits with varying annualized yields, demonstrating a diversified approach to cash management [2][3].

Group 1 - The company announced the temporary use of 100 million yuan of idle raised funds to purchase structured deposits from China Everbright Bank [1] - On August 15, the company recovered the principal amount of 100 million yuan along with an investment return of 154,200 yuan, which has been returned to the special account for raised funds [1]

Core Viewpoint - The company has successfully redeemed 100 million yuan of temporarily idle raised funds used for cash management, generating a financial return of 291,700 yuan, which has been returned to the designated fundraising account [1][4]. Group 1: Cash Management Redemption Details - The company utilized 100 million yuan of temporarily idle raised funds to purchase structured deposits from China Everbright Bank, Beijing Taiping Road Branch, on June 11, 2025 [1][2]. - The principal amount of 100 million yuan and the financial return of 291,700 yuan were redeemed on August 11, 2025, meeting the expected return [1][4]. Group 2: Approval Process - The decision to use part of the idle raised funds for cash management was approved by the company's 27th meeting of the 8th Board of Directors and the 12th meeting of the 8th Supervisory Board [1][4]. Group 3: Financial Management Overview - As of the announcement date, the company has cumulatively used temporarily idle raised funds for cash management amounting to 118 million yuan, with a total return of 365,620 yuan [2][4]. - The total cash management limit is 340 million yuan, with 240 million yuan remaining unused [4].

Core Points - The company Shanghai Huguang announced on August 6 that it purchased a corporate structured deposit from Pudong Development Bank in May 2025 [2] - As of the date of the announcement, the company has redeemed the product, recovering a principal amount of RMB 90 million and earning interest income of RMB 495,000 [2] - Both the principal and interest income have been returned to the fundraising account [2]

Core Points - The company has approved the use of idle raised funds for cash management, with a maximum amount of RMB 700 million allocated for structured deposits or stable short-term financial products [2] - The investment period for these funds is set for 12 months from the date of approval at the 2024 annual shareholders' meeting [2] - The company has successfully redeemed structured deposits, recovering principal amounts and generating returns [2] Group 1 - The company held board and supervisory meetings on April 9, 2025, and approved the cash management proposal [2] - The company’s supervisory board and sponsor institution have expressed their agreement with the cash management proposal [2] - The company signed a structured deposit contract with China Everbright Bank, redeeming RMB 215 million with a return of RMB 367,300 [2] Group 2 - Guangdong Ahua Food Co., Ltd. signed a structured deposit product agreement with CITIC Bank, redeeming RMB 110 million with a return of RMB 159,500 [2] - The structured deposit products are characterized by high safety and liquidity [2] - The company plans to roll over the use of these funds within the approved limits and timeframe [2]

Core Points - The company has approved the use of idle raised funds for cash management, with a maximum daily balance of 200 million RMB [1] - The company redeemed a structured deposit from Shanghai Pudong Development Bank, recovering 30 million RMB in principal and earning 63,750 RMB in interest [1] - As of the announcement date, the remaining balance of idle raised funds used for cash management is 145 million RMB, with no overdue amounts [1]

Group 1 - The company approved the use of idle raised funds for cash management, with a maximum amount of RMB 300 million for structured deposits or short-term financial products [1] - The approval was given during the board meeting on April 29, 2024, and the shareholders' meeting on May 21, 2024, with a usage period of 12 months [1] - Independent directors, the supervisory board, and the sponsor institution expressed agreement with the proposal [1] Group 2 - On March 13, 2025, the company redeemed structured deposits with a principal of RMB 70 million, earning a profit of RMB 113,800 [2] - The announcement includes details of the company's recent twelve-month investment activities using self-owned or raised funds for financial management [2]