Core Viewpoint - Haitian Flavoring Food Co., Ltd. has announced an investment of 3.083 billion yuan in low to medium-risk financial products to enhance fund utilization efficiency after its recent IPO in Hong Kong [2][5]. Investment Details - The company has purchased various financial products, including: - ICBC Wealth Management's mixed open-end product valued at 300 million yuan with an expected annual yield of 2.40%-3.40% [2][3]. - Agricultural Bank of China's 7-day interbank certificate and enhanced RMB financial product valued at 220 million yuan with an expected yield of 2.10%-2.30% [2][3]. - Xinyin Wealth Management's closed-end product valued at 500 million yuan with an expected yield of 2.73%-2.93% [2][3]. - Another closed-end product from Xinyin Wealth Management valued at 500 million yuan with an expected yield of 3.00%-3.20% [2][3]. - Bank of China’s high-rated open-end product valued at 280 million yuan with an expected yield of 2.00%-2.50% [2][3]. - ICBC Wealth Management's mixed open-end product valued at 300 million yuan with an expected yield of 2.65%-3.45% [2][3]. Financial Position - As of March 31, 2025, the company's monetary funds amount to approximately 22.227 billion yuan, with the investment representing about 13.87% of the latest monetary funds, 9.17% of net assets, and 7.69% of total assets [4]. Board Approval - The company's board approved the investment plan to utilize idle funds for purchasing low-risk financial products, with a maximum investment amount of 10 billion yuan within one year from the board's resolution [4]. IPO and Investor Status - Following its recent IPO, Haitian Flavoring raised over 10 billion yuan, with cornerstone investors including Hillhouse, GIC, and others, collectively subscribing to 595 million USD [5]. However, the company's stock performance has been underwhelming, leading to losses for major investors [5].

Core Viewpoint - The company, Haitian Flavor Industry Co., Ltd., has approved an investment plan to utilize idle funds for purchasing low-risk financial products, with a total investment amount of 30.83 billion RMB, aimed at improving capital efficiency [1][3][18]. Investment Overview - **Investment Purpose**: The investment aims to reasonably utilize idle funds while ensuring the safety of capital and not affecting the company's normal operational liquidity [1][18]. - **Investment Amount**: The total investment amount is set at 30.83 billion RMB [2][3]. - **Funding Source**: The funds for this investment will come from the company's own idle funds [2][18]. - **Investment Type**: The company will invest in medium to low-risk financial products, with a risk rating of PR2 or below [1][18]. Investment Details - **Investment Products**: The investment includes various financial products such as: - ICBC Wealth Management's "Xinyue Preferred Stock Strategy" with an investment of 30.3 million RMB and an expected annual return of 2.40%-3.40% [2][11]. - Agricultural Bank of China's "Anxin Lingdong" product with an investment of 22 million RMB and an expected return of 2.10%-2.30% [5][6]. - Credit Suisse's "All-Win Intelligent" product with an investment of 50 million RMB and an expected return of 2.73%-2.93% [7][8]. - Bank of China’s "Stable Wealth" product with an investment of 28 million RMB and an expected return of 2.00%-2.50% [9][13]. Financial Impact - **Recent Financial Performance**: As of March 31, 2025, the company's total assets were approximately 40.07 billion RMB, with net assets of about 33.61 billion RMB and cash flow from operating activities showing a net outflow of 457.53 million RMB [20][21]. - **Proportion of Investment**: The investment represents approximately 13.87% of the company's cash reserves and 9.17% of its net assets, indicating a manageable impact on the company's financial health [21]. - **Operational Assurance**: The investment is structured to ensure that it does not interfere with the company's main business operations or daily cash flow, thereby enhancing the efficiency of idle funds and increasing investment returns [21].