Group 1 - The company has redeemed all structured deposit products amounting to 35 million yuan, with the principal and investment returns returned to the fundraising account [2] - The structured deposit product was managed by Hangzhou Bank, with an expected annual yield of 2.3% to 2.5% [2] - The total amount of idle fundraising funds used for entrusted wealth management in the last twelve months was 220 million yuan, with actual returns of 1.1052 million yuan [2] Group 2 - The highest single-day investment amount in the last twelve months was 5 million yuan, which represents 3.20% of the net assets for the past year [2] - The cumulative returns from entrusted wealth management in the last twelve months accounted for 0.76% of the net profit for the past year [2] - The company currently has an unused wealth management quota of 120 million yuan out of a total quota of 120 million yuan [2]

Core Viewpoint - The company, Ningbo Hengshuai Co., Ltd., has approved the use of up to RMB 120 million of idle raised funds for cash management, ensuring it does not affect the construction of investment projects or normal operations [1][2]. Group 1: Cash Management Approval - The board of directors and supervisory board approved the cash management proposal on April 2, 2025, allowing the use of idle funds for a period of 12 months [1][2]. - The funds can be used in a rolling manner within the approved limit and timeframe, without needing further shareholder approval [2]. Group 2: Cash Management Product Redemption - The company has engaged in cash management by purchasing structured deposit products, with a total of RMB 11 million in cash management products currently not yet matured [3]. - The expected annualized return rates for these products range from 1.00% to 3.50% [3][4]. Group 3: Risk Management Measures - The company will not invest in stocks, derivatives, or unsecured bonds, focusing instead on bank wealth management products [2]. - Close monitoring and auditing of the cash management funds will be conducted to ensure safety and compliance [2]. Group 4: Impact on Daily Operations - The cash management strategy is designed to enhance fund efficiency and generate investment returns without impacting the company's daily operations or project construction [2][3].

Summary of Key Points Core Viewpoint - Dinglong Technology (603004) experienced a decline in stock price, closing at 21.57 yuan, down 3.96% from the previous week, with a total market capitalization of 4.929 billion yuan as of March 28, 2025 [1] Company Announcements - Dinglong Technology redeemed 130 million yuan of structured deposits, yielding a profit of 201,900 yuan [1] - The company held a meeting on January 24, 2025, and a temporary shareholders' meeting on February 18, 2025, approving the use of up to 350 million yuan of temporarily idle raised funds for cash management, focusing on high safety, good liquidity, and low-risk products [1] - As of March 31, 2025, the company redeemed structured deposits purchased on March 3, 2025, with both the subscription and redemption amounts being 130 million yuan, and the total balance of idle raised funds used for financial products reached 199 million yuan [1]

Fundraising Overview - Zhejiang Rongtai Electric Material Co., Ltd. has successfully completed its initial public offering (IPO) of 70 million shares at a price of 15.32 RMB per share, raising a total of 1,072.40 million RMB, with a net amount of 970.05 million RMB after deducting issuance costs of 102.35 million RMB [1][27]. - The company has signed a five-party supervision agreement for the special account of the raised funds, involving Singapore Rongtai Electric Material PTE. LTD, Glorymica Mexico, S.A. de C.V., Industrial and Commercial Bank of China Mexico Branch, and Dongxing Securities Co., Ltd. [1][5]. Special Account Management - A special fundraising account has been established at the Industrial and Commercial Bank of China Mexico Branch, specifically for the project of producing 500,000 sets of components for new energy vehicles [6][24]. - The balance of the special account was reported as 0 RMB as of March 31, 2025, and the funds are strictly allocated for the designated project [6][12]. Fund Usage Adjustments - The company has approved a delay in the project timeline for the annual production of 2.4 million sets of new energy vehicle safety components from December 2024 to December 2026, reallocating a total of 280 million RMB from this project to new projects [3][4]. - The adjustments were made to enhance the efficiency of fund usage while ensuring investor protection [2][4]. Cash Management Activities - The company has utilized temporarily idle raised funds to purchase structured deposit products from Hangzhou Bank, amounting to 150 million RMB, which has matured, returning the principal and generating a profit of 128,200 RMB [24][31]. - The cash management aims to improve the efficiency of fund usage without affecting the normal operation of fundraising investment plans [24][28]. Compliance and Reporting - The company is committed to adhering to relevant regulations regarding fundraising management and will ensure timely disclosure of information as required by the Shanghai Stock Exchange and the China Securities Regulatory Commission [30][36]. - The management of cash management products will be conducted in accordance with strict investment principles to safeguard the funds [33][34].