Core Viewpoint - The company is utilizing idle raised funds for cash management to enhance the value of these funds while ensuring safety and liquidity [2][3][8]. Summary by Sections Cash Management Overview - The company has appointed DBS Bank (China) Co., Ltd. Shanghai Branch as the cash management trustee, with an amount of RMB 70 million allocated for this purpose [1][3]. - The cash management aims to reduce idle fund costs and improve the preservation and appreciation of raised funds, ultimately benefiting shareholders [3][8]. Fund Source and Usage - The cash management funds are sourced from idle raised funds from the company's initial public offering (IPO), which totaled approximately RMB 1.08 billion, netting around RMB 991 million after expenses [4][8]. - The company has a total cash management limit of RMB 350 million, with the current management amount being RMB 70 million, representing 6.86% of the company's cash assets as of June 30, 2025 [7][8]. Financial Performance - As of December 31, 2024, the company's total assets were approximately RMB 4.31 billion, with total liabilities of about RMB 855 million, resulting in net assets of around RMB 3.45 billion [7]. - The net cash flow from operating activities was RMB 231.56 million for the year ending December 31, 2024, and decreased to RMB 34.34 million by June 30, 2025 [7]. Cash Management Product Details - The cash management product is a seven-day notice deposit with an expected annualized yield of 1.15% [5][6]. - The company has established internal controls to manage risks associated with cash management, including selecting reputable financial institutions and monitoring the progress of cash management projects [6][8].