Securities code: 603115 securities abbreviation: Nantong Haixing Electronics Co.Ltd(603115) Announcement No.: 2022-009 Nantong Haixing Electronics Co.Ltd(603115)
Announcement on the progress of using some idle raised funds for 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: Bank Of Communications Co.Ltd(601328)
Amount of entrusted financial management: 20 million yuan
Product Name: Bank Of Communications Co.Ltd(601328) Yuntong wealth fixed-term structured deposit for 90 days (gold linked bullish) product term: 90 days
Review procedures performed: Nantong Haixing Electronics Co.Ltd(603115) (hereinafter referred to as "the company") held the fifth meeting of the Fourth Board of directors and the fifteenth meeting of the third board of supervisors on November 24, 2021, and the second extraordinary general meeting of shareholders in 2021 on December 14, 2021. The proposal on using some idle raised funds for cash management was considered and adopted.
1、 Overview of this entrusted financial management
(I) purpose of entrusted financial management
By using idle raised funds to conduct appropriate principal guaranteed financial management, the company is conducive to improving the efficiency of fund use, increasing capital income and seeking more return on investment for the company's shareholders.
(II) source of funds
(1) General information on the source of funds
The funds used by the company to purchase financial products are idle funds raised by the company.
(2) Basic information of raised funds
Approved by the reply on approving Nantong Haixing Electronics Co.Ltd(603115) non-public development of shares (zjxk [2021] No. 824) of China Securities Regulatory Commission, Nantong Haixing Electronics Co.Ltd(603115) issued 31200000 RMB ordinary shares (A shares) to 16 specific investors at an issue price of 22.00 yuan per share,
The total amount of raised funds is RMB 686400000.00, after deducting the issuance expenses of RMB 8228071.28
After (excluding tax), the net amount of raised funds is 678171928.72 yuan. Tianjian Certified Public Accountants (special)
Special general partnership) has verified the availability of funds raised from this non-public offering of a shares,
And issued the capital verification report (tjy [2021] No. 635). The company has deposited the above raised investment funds
In the special account for raised funds.
(III) basic information of entrusted financial products
Expected production refers to whether the expected trustee's product amount is expected to be annualized revenue structure annualized revenue composition name type name (10000 revenue rate amount period type revenue (such as related yuan) (%) (10000 limited arrangement rate) Transaction (yuan)
Bank of communications Bank Of Communications Co.Ltd(601328) Yuntong guaranteed principal
Floating stock bank wealth regular settlement
Limited axiom financial structure deposit 90 days 2000 1.70-3.60/90 days income / / no company products (gold linked)
(up)
(IV) the company's internal control over risks related to entrusted financial management
The financial products purchased by the company this time are capital guaranteed floating income bank structured deposit products, which are safe
As a bank financial product with high liquidity and low risk, this entrusted financial management is in line with the company's internal fund management
Requirements.
The company abides by the principle of prudent investment, strictly selects the issuer, and selects the issuer with good credit and capital security
Issuers with strong ability. The financial department of the company will timely analyze and track the investment direction of financial products and project progress
In case of any risk factors that may affect the safety of the company's funds, corresponding measures will be taken in time to control them
Investment risk. The company's independent directors and the board of supervisors have the right to inspect the company's investment in financial products
When necessary, professional institutions can be hired for audit.
2、 Details of this entrusted financial management
(I) main terms of entrusted financial management contract
Nantong Haiyi Electronics Co., Ltd., a subsidiary of the company, recently purchased from Bank Of Communications Co.Ltd(601328)
After buying financial products, the main terms are as follows:
1. Product Name: Bank Of Communications Co.Ltd(601328) Yuntong wealth fixed-term structured deposit for 90 days (gold linked bullish)
2. Product Code: 2699220868
3. Product currency: RMB
4. Product nature: Principal Guaranteed floating income type
5. Subscription amount: 20 million yuan
6. Designated settlement account No.: 326008605011000157605
7. Value date: February 17, 2022
8. Term: 90 days
9. Maturity date: May 18, 2022
10. Range of floating rate of return: 1.70% - 3.60% (annualized).
(II) investment direction of entrusted financial management funds
The investment of this entrusted financial management is structural deposit.
(III) the company's use of some idle raised funds to purchase financial products
The structural deposits purchased by the company with idle raised funds this time are of Principal Guaranteed floating income type, with a limit of 20 million yuan and a term of 90 days.
The above financial products meet the requirements of high safety and good liquidity, and there is no behavior of changing the purpose of the raised funds in disguise, affecting the normal progress of the raised investment projects, and damaging the interests of shareholders.
(IV) risk control analysis
1. The company abides by the principle of prudent investment, strictly selects issuers, and selects issuers with good credit and strong capital security ability.
2. The financial department of the company will timely analyze and track the investment direction of financial products and the progress of the project. If it is found that there are risk factors that may affect the safety of the company's funds, it will take corresponding measures in time to control the investment risk. 3. The company's independent directors and board of supervisors have the right to inspect the company's investment in financial products, and can hire professional institutions to audit when necessary.
4. The company will timely perform the obligation of information disclosure in accordance with the relevant provisions of Shanghai Stock Exchange. 3、 Information of entrusted financial management trustee
(I) basic information of the trustee
The trustee of this entrusted financial management is Bank Of Communications Co.Ltd(601328) , which is a listed company of Shanghai Stock Exchange. This entrusted financial management is not specially designed for this transaction, and there is no failure to perform this financial management product upon expiration.
(II) there is no relationship between the above trustee and the company, the controlling shareholder of the company, the person acting in concert and the actual controller. 4、 Impact on the company
Financial data of the company on September 30, 2021 and December 31, 2020:
Unit: Yuan
September 30, 2021 December 31, 2020
Total assets 1651785197.86 1631594958.87
Total liabilities 401518246.32 384699295.99
Net assets 1250266951.54 1246895662.88
Project from January to September 2021 to 2020
Net cash flow from operating activities 133655734.21 33076038.59
This time, the company used some idle funds raised from non-public offering of A-Shares for cash management, which was carried out on the premise of ensuring the funds required for the company's raised investment projects and ensuring the safety of the raised funds according to the company's business development and financial situation. It has fulfilled the necessary legal procedures, which is helpful to improve the use efficiency of the raised funds and does not affect the normal development of the company's main business, It will not affect the normal progress of the raised funds project, and there is no behavior of changing the purpose of the raised funds in a disguised form. Through appropriate low-risk short-term financial management and timely cash management of some idle raised funds, we can obtain certain investment income, which is conducive to further improve the overall performance level of the company and seek more investment returns for the company and shareholders. 5、 Risk tips
Although the financial products purchased by the company are capital guaranteed and low-risk bank financial products, there are still liquidation risks, policy risks, liquidity risks, force majeure risks and other risks caused by bank bankruptcy. 6、 Decision making procedure
The company held the fifth meeting of the Fourth Board of directors and the 15th meeting of the third board of supervisors on November 24, 2021, and the second extraordinary general meeting of shareholders in 2021 on December 14, 2021, which deliberated and adopted the proposal on using some idle raised funds for cash management, It is agreed that the company and its subsidiaries use idle raised funds totaling no more than 450 million yuan to invest in low-risk financial products of financial institutions such as banks, securities companies or trust companies. Within the above limit, the funds can be used on a rolling basis. The authorized use period is within 12 months from the date when the matter is considered and approved by the general meeting of shareholders. At the same time, the chairman of the company or the person authorized by the chairman of the company are authorized to sign relevant contract documents within the above limit, and the financial department of the company is responsible for organizing the implementation. For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) on November 26, 2021 The Nantong Haixing Electronics Co.Ltd(603115) announcement on the use of some idle raised funds for cash management (Announcement No.: 2021-063) disclosed was posted on the website of Shanghai Stock Exchange (www.sse. Com. CN) on December 15, 2021 Announcement on the resolution of the second extraordinary general meeting of shareholders in Nantong Haixing Electronics Co.Ltd(603115) 2021 (Announcement No.: 2021-070). 7、 As of the date of this announcement, the company has used idle raised funds to entrust financial management in the past 12 months
Amount: 10000 yuan
No. financial product type actual investment amount actual principal recovered actual income outstanding principal amount
1 bank financial products 15000
2 bank financial products 5000 13.97 none
3 bank financial products 9000
4 bank financial products 3000 7.69 none
5 bank financial products 5000
6 bank financial products 1500
7 bank financial products 2000
Total 40500 8000 21.66 32500
The maximum daily investment amount in the last 12 months is 29000
