Core Viewpoint - The company has approved the use of up to 1.2 billion yuan of idle self-owned funds for investing in government bond reverse repos and financial products to enhance fund utilization efficiency and generate more returns for the company and its shareholders [1][2]. Investment Details - The total investment amount is capped at 1.2 billion yuan, with funds being able to be rolled over, ensuring that the balance of government bond reverse repos and financial products does not exceed this limit at any point during the investment period [2]. - The investment will be sourced from the company's idle self-owned funds, and will not involve raised funds or bank credit [2]. - The management team is authorized to make decisions and sign contracts within the approved limits and timeframe, with the finance department responsible for implementation [2]. Compliance with Review Procedures - The investment decision is compliant with the Shenzhen Stock Exchange's regulations and does not require shareholder meeting approval, as it falls within the board's review authority [3]. - The investment does not constitute a related party transaction or a risk investment [3]. Risk Management and Strategies - While the investment risks are relatively low, external factors such as macroeconomic conditions, fiscal and monetary policies, exchange rates, and market fluctuations may affect investment returns [4]. - The company has established multiple risk control measures, including close monitoring of financial product allocations, a robust internal management system, and oversight by independent directors and the audit committee [4]. Positive Impact on the Company - The investment in government bond reverse repos and financial products is expected to improve the efficiency and returns of idle funds without adversely affecting the company's operational needs [5]. - The company will adhere to relevant accounting standards for financial reporting and disclosures regarding the investment and its performance [5].

Group 1 - The core point of the news is that Dayu Shengxiang has approved the use of up to 1.2 billion RMB of idle funds for purchasing government bond reverse repos and financial products, ensuring the safety of company operations and funds [1][2] - As of September 19, 2025, Dayu Shengxiang's revenue composition shows that the decorative materials industry accounts for 98.72% of its total revenue, while other businesses contribute 1.28% [1] - The current market capitalization of Dayu Shengxiang is 4.5 billion RMB [2]

Core Viewpoint - The company plans to utilize temporarily idle self-owned funds for cash management, with a maximum amount of RMB 350 million, to enhance the utilization rate of idle funds and increase returns for the company and its shareholders [1][2]. Group 1: Investment Purpose - The investment aims to improve the utilization rate of idle self-owned funds while ensuring the normal operation and safety of funds for the company and its subsidiaries, thereby saving financial costs and increasing cash asset returns [1][2]. Group 2: Investment Products - The company will invest in low-risk, highly liquid, short-term financial products, including but not limited to structured deposits, agreed deposits, notice deposits, time deposits, large certificates of deposit, and income certificates [2][3]. Group 3: Cash Management Limit and Duration - The planned cash management limit is set at a maximum of RMB 350 million, with a usage period not exceeding 12 months, allowing for the funds to be used in a rolling manner within this limit and timeframe [2][3]. Group 4: Impact on Daily Operations - The use of idle self-owned funds for cash management will not affect the normal cash turnover needs or the main business development of the company and its subsidiaries, while also providing better investment returns for the company and its shareholders [2][3]. Group 5: Risk Control Measures - The company will implement risk control measures, including selecting quality financial institutions, defining cash management amounts and periods, and conducting regular assessments of investment products to mitigate potential market risks [3][4]. Group 6: Review Process - The proposal for cash management was approved in the board meeting held on July 31, 2025, and does not require submission to the shareholders' meeting for approval, allowing for immediate implementation following board approval [4].

Core Viewpoint - The company, Shijia Photon (688313.SH), has approved a proposal to utilize idle funds for cash management, ensuring that it does not affect its main business operations and maintains risk control [1] Group 1 - The company will use up to 400 million yuan of temporarily idle self-owned funds for cash management [1] - The cash management will involve purchasing low-risk financial products with high safety and liquidity, including but not limited to structured deposits, agreement deposits, notice deposits, time deposits, large-denomination certificates of deposit, and income certificates [1] - The approval for this cash management strategy is valid for 12 months from the date of the board's resolution [1]

Core Viewpoint - The company has approved the use of idle funds for cash management to enhance fund efficiency while ensuring liquidity and safety [1][2][3] Group 1: Cash Management Overview - The company will use up to RMB 500 million of temporarily idle self-owned funds for cash management [1][2] - The investment aims to improve fund utilization without affecting normal operations and ensuring liquidity [1][2] - The investment products will include low-risk, high-liquidity financial products such as structured deposits and time deposits [1][2][3] Group 2: Decision and Approval Process - The board of directors and the supervisory board have both approved the cash management proposal [3][4] - The decision is valid for one year from the date of shareholder meeting approval, allowing for rolling use of funds within the specified limit [2][3] - The management team is authorized to implement the cash management strategy within the approved limits [2][3][4] Group 3: Risk Management - The company acknowledges potential investment risks, including yield volatility and liquidity risks [2] - Measures will be taken to control investment risks, including thorough checks on financial products and reporting to the audit committee [2] - Professional institutions will be engaged for auditing purposes [2] Group 4: Impact on Operations - The cash management strategy is designed to not interfere with the company's main business operations while enhancing overall performance [2][3] - The approach aims to generate additional investment returns for shareholders [2][3]