Securities code: 603166 securities abbreviation: Guilin Fuda Co.Ltd(603166) Announcement No.: 2022-007 Guilin Fuda Co.Ltd(603166)
On the use of some idle raised funds by wholly-owned subsidiaries
Progress announcement of cash management
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
● entrusted financial management trustee: Guotai Junan Securities Co.Ltd(601211)
● the entrusted financial management amount: 20 million yuan
● name of entrusted wealth management product: tianhuibao No. 2 customized VIP
● term of entrusted financial management: 27 days (February 10, 2022 - March 9, 2022)
● review procedures for implementation:
Guilin Fuda Co.Ltd(603166) (hereinafter referred to as "the company") held the 20th meeting of the 5th board of directors and the 13th meeting of the 5th board of supervisors respectively on January 25, 2022, deliberated and adopted the proposal on cash management by wholly-owned subsidiaries using some idle raised funds, Guilin Fuda heavy industry Forging Co., Ltd., a wholly-owned subsidiary, is approved to use the temporarily idle raised funds with a maximum amount of no more than 30 million yuan for cash management. Within the above amount and validity period, the funds can be recycled. The board of directors of the company authorizes the management of the company to exercise the investment decision-making power within the limit and sign relevant contract documents, The authorization period shall be valid within one year from the date of deliberation and approval by the board of directors. The company's independent directors, the board of supervisors and the recommendation institution have respectively expressed their opinions on this. For details, please refer to China Securities Journal, Shanghai Securities News, Securities Daily, securities times and the website of Shanghai Stock Exchange on January 25, 2022 com. cn. Announcement of Fuda shares on cash management of wholly-owned subsidiaries using some idle raised funds (Announcement No.: 2022-005).
1、 Overview of this entrusted financial management
(I) purpose of entrusted financial management
On the premise of complying with national laws and regulations, ensuring that the normal operation, the normal progress of the investment plan of the raised funds and the safety of the raised funds are not affected, Guilin Fuda heavy industry Forging Co., Ltd., a wholly-owned subsidiary of the company, plans to use some idle raised funds for cash management, improve the use efficiency of funds and obtain certain investment income through appropriate financial management, Guarantee the interests of the company and shareholders.
(II) source of funds
1. Source of funds
The funds used by the company to purchase financial management are idle raised funds.
2. Deposit and use of raised funds
For details, please refer to the website of Shanghai Stock Exchange www.sse.com on January 25, 2022 com. cn. Announcement of Fuda shares on cash management of wholly-owned subsidiaries using some idle raised funds (Announcement No.: 2022-005).
(III) basic information of entrusted financial products
Estimated annualized income of the entrusted party's products
Name type name (10000 yuan) rate of return (10000 yuan)
Guotai Junan Securities Co.Ltd(601211) Principal Guaranteed collection tianhuibao No. 2
Customized VIP 2000 2.50% 3.6986
limited company
Product revenue structure refers to whether the annualized expected revenue constitutes
Term type arrangement rate of return (if any) related party transactions
27 day principal guarantee no 2.5% 3.6986 no
Income type
(IV) the company's internal control over the risks related to this entrusted financial management
1. The Finance Department of the company shall select appropriate products according to the progress of the investment projects with raised funds and the safety, duration and income of financial products.
2. The Finance Department of the company shall establish an account to manage the financial products, timely analyze and track the progress of the financial products, and take timely measures to control the investment risk if it is found that there may be situations affecting the safety of the company's funds. 3. The internal audit department of the company is responsible for auditing and supervising the use and custody of financial funds;
4. The independent directors and the board of supervisors of the company have the right to supervise and inspect the use of funds, and can hire professional institutions to audit when necessary.
5. The company conducts relevant cash management business in strict accordance with the guidelines for the supervision of listed companies No. 2 - regulatory requirements for the management and use of raised funds by listed companies, the measures for the management of raised funds by listed companies of Shanghai Stock Exchange (revised in 2013), and the company's raised funds management system.
2、 Details of this entrusted financial management
(I) main terms of entrusted financial management contract
On February 10, 2022, the company purchased Guotai Junan Securities Co.Ltd(601211) financial products with idle raised funds of 20 million yuan. The products are as follows:
(I) main terms of entrusted financial management contract
1. Product Name: tianhuibao No.2 customized VIP
2. Product Code: 132005027115
3. Product category: Principal Guaranteed Income voucher
4. Financial principal: 20 million yuan
5. Product term: February 10, 2022 - March 9, 2022
6. Yield range: 2.5%
7. Product risk level: low risk
8. Operation mode: pledge quotation repurchase transaction
9. Whether performance security is required: no
(II) investment direction of entrusted financial management funds
Guotai Junan Securities Co.Ltd(601211) securities income voucher "tianhuibao No. 2 customized VIP" is used to supplement working capital.
(III) description of entrusted financial management using idle raised funds
This time, the company used 20 million yuan of idle raised funds to purchase principal guaranteed income certificates. The products are principal guaranteed and income guaranteed, which meet the requirements of use conditions with high safety, good liquidity and principal guaranteed agreement. There is no behavior of changing the purpose of raised funds in a disguised manner, which does not affect the construction of investment projects and the use of raised funds.
(IV) risk control analysis
The products purchased by the company this time are principal guaranteed income certificates, which meet the requirements of use conditions with high safety, good liquidity and breakeven agreement, and the term shall not exceed 12 months.
The company has signed a written contract with the trustee to clarify the main terms of entrusted financial management, the rights, obligations and legal liabilities of both parties. Within the above product term, the company will pay timely attention to the relevant situation of entrusted financial management funds and do a good job in risk prevention and control.
3、 Impact on the company
(I) financial data of the company in the latest year and another period
Indicator September 30, 2021 / December 31, 2020 / January September 2021 (Unaudited) year 2020 (audited)
Total assets 3724108940.72 3389635667.74
Net assets attributable to shareholders of listed companies 2588419065.09 2264816923.56
Total liabilities 1135689875.63 1124818744.18
Operating income 1394998229.36 1770306191.79
Net profit attributable to shareholders of listed companies 158840041.78 200584148.36
Net cash flow from operating activities 161544852.97 272107984.70
As of September 30, 2021, the asset liability ratio of the company was 30.50%, and the monetary capital of the company was 428638362.72 yuan. The amount paid for purchasing financial products this time was 20 million yuan, accounting for 4.67% of the monetary capital of the company at the end of the latest period. There is no case of purchasing large financial products with large liabilities.
The company and its wholly-owned subsidiaries appropriately carry out low-risk short-term investment and financial management with idle raised funds on the premise of ensuring that the progress of investment projects with raised funds is not affected and the safety of funds is ensured. Through appropriate low-risk short-term investment and financial products, the use efficiency of idle raised funds can be improved, so that the company can obtain investment income, which is in line with the interests of the company and all shareholders.
According to the accounting standards for Business Enterprises No. 22 - recognition and measurement of financial instruments, the financial assets of the company are classified as financial assets measured at fair value and the changes are included in the current profit and loss, which are listed in the "trading financial assets" title, and the changes in the fair value of financial products are listed in the "profit and loss from changes in fair value". When disposing of financial products, Disposal income is listed in the item of "investment income".
4、 Risk tips
Based on the principle of strict risk control, the company plans to buy products with controllable risks, but the financial market fluctuates greatly. It is not excluded that the investment is affected by market risk, policy risk, liquidity risk, force majeure risk and other risk factors, which affect the expected return.
5、 Implementation of decision-making procedures and opinions of the board of supervisors, independent directors and recommendation institutions
On January 25, 2022, the company held the 20th meeting of the 5th board of directors and the 13th meeting of the 5th board of supervisors respectively, deliberated and adopted the proposal on cash management of wholly-owned subsidiaries using some idle raised funds, It is agreed that Guilin Fuda heavy industry Forging Co., Ltd., a wholly-owned subsidiary, temporarily authorizes the company's management to exercise the investment decision-making power within the limit and sign relevant contract documents, and the authorization period is valid within one year from the date of deliberation and approval by the board of directors. The company's independent directors, the board of supervisors and the recommendation institution have respectively expressed their opinions on this.
6、 As of the date of this announcement, the company has used the raised funds for entrusted financial management in the past 12 months (unit: 10000 yuan)
Sequence financial product type actual investment amount actual principal recovered actual income No. principal amount not yet recovered
1. Principal guaranteed income voucher 2000 -- 2000
Total 2000 -- 2000
The maximum amount invested in a single day in the last 12 months is 2000 yuan
Maximum daily investment amount in the last 12 months / net assets of the last year (%) 0.88
Cumulative net profit of entrusted financial management in the last 12 months (%)-
Currently, the used financial management quota is 2000
Unused financial limit 1000
Total financial limit 3000
It is hereby announced.
Guilin Fuda Co.Ltd(603166) board of directors February 11, 2022
