Core Points - Jiangsu Jiangnan High Fiber Co., Ltd. has approved the use of idle self-owned funds for cash management, allowing investments in low-risk, liquid products up to RMB 600 million for a period of 12 months starting from April 14, 2024 [1] - The company has subsequently increased the cash management limit to RMB 800 million, maintaining the same investment strategy and duration [1] - As of the latest announcement, the company has utilized RMB 45 million of the cash management limit, leaving RMB 35 million available for future investments [4] Cash Management Details - The cash management strategy includes investments in bank wealth management products, structured deposits, income certificates, and large certificates of deposit [1] - The company has reported a maximum single-day investment amount of RMB 25 million in the last 12 months, which represents 11.61% of the net assets for the past year [3] - Cumulative cash management income over the last 12 months accounts for 5.78% of the net profit for the same period [3]