Securities code: Hengdian Entertainment Co.Ltd(603103) securities abbreviation: Hengdian Entertainment Co.Ltd(603103) Announcement No.: 2022007 Hengdian Entertainment Co.Ltd(603103)
Announcement on cash management of the company's own idle funds
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: financial institution
Amount of entrusted financial management: RMB 1.5 billion in total, which can be used on a rolling basis
Entrusted financial products: financial products with controllable risks
Term of entrusted financial management: from the date of deliberation and approval of the company's 2021 annual general meeting to the date of resolution of the 2022 annual general meeting
Deliberation procedures performed: Hengdian Entertainment Co.Ltd(603103) (hereinafter referred to as "the company") held the fourth meeting of the third board of directors and the fourth meeting of the third board of supervisors on March 10, 2022, deliberated and adopted the proposal on cash management of the company's own idle funds, and agreed that without affecting the normal operation, It is proposed to use its own idle funds of no more than RMB 1.5 billion for entrusted financial investment and financial products, and the authorized use period is from the date of deliberation and approval of the company's 2021 annual general meeting to the date of resolution of the 2022 annual general meeting. Within the above limit and term, the fund can be used on a rolling basis. Authorize the chairman of the company to exercise the investment decision-making power and sign relevant contract documents, and authorize the financial and capital management department of the company to be responsible for organizing the implementation. This matter needs to be submitted to the general meeting of shareholders of the company for deliberation.
1、 Overview of this entrusted financial management
(I) purpose of entrusted financial management
In order to improve the use efficiency of the company's funds, without affecting the normal operation, reasonably use some of its own idle funds to buy financial products with high safety, good liquidity and controllable risk, so as to increase the capital income for the company and obtain more returns for the company and shareholders.
(II) source of funds
The company has its own idle funds.
(III) amount of entrusted financial management
The maximum amount shall not exceed RMB 1.5 billion, which can be used on a rolling basis within the limit and term.
(IV) term of entrusted financial management
From the date of deliberation and approval of the company's 2021 annual general meeting to the date of resolution of the 2022 annual general meeting.
(V) the company's internal control over risks related to entrusted financial management
The company takes the following measures for the possible risks related to the purchase of financial products:
1. The board of directors of the company authorizes the management to be responsible for the management of financial products. The relevant personnel of the financial and capital management department of the company will timely analyze and track the investment direction of financial products and the progress of the project. If the evaluation finds that there are risk factors that may affect the safety of the company's funds, they will take corresponding measures in time to control the investment risk.
2. The financial and capital management department of the company is responsible for the internal supervision of the use and custody of funds of financial products, and conduct a comprehensive inspection of all investment projects of financial products at the end of each fiscal year.
3. 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.
4. According to the relevant provisions of information disclosure, timely disclose the company's purchase of financial products.
2、 Details of this entrusted financial management
(I) main terms of entrusted financial management contract and investment direction of entrusted financial management funds
The company plans to use its own idle funds with a quota of no more than RMB 1.5 billion to buy short-term, medium-term, risk controllable and highly liquid financial products of financial institutions. The above amount of funds can be used on a rolling basis within the validity period. The specific terms of the entrusted financial management contract shall be subject to the actually signed contract.
(II) risk control analysis
Based on the principle of safeguarding the interests of the company and shareholders, the company puts risk prevention in the first place, strictly controls financial products and makes prudent decisions. The company uses its own funds temporarily idle to purchase financial products with controllable risks, which meets the requirements of the company's internal fund management. The company will sign a written contract with the trustee to clarify the main terms of entrusted financial management, the rights, obligations and legal responsibilities of both parties. During the product term, the Finance Department of the company will maintain close contact with financial institutions, timely analyze and track the progress of products, strengthen risk control and supervision, and ensure the safety of funds.
3、 Information of entrusted financial management trustee
The company plans to purchase financial products, and the counterparty is a financial institution, which will strictly control the risk according to the credit status of the trustee.
4、 Impact on the company
Unit: RMB
Project December 31, 2020 December 31, 2021 (audited) (audited)
Total assets 353604149317545444067370
Total liabilities 166119576966396370329302
Net assets 1874845723511491738068
Net cash flow from operating activities -99421204765255334429
The maximum amount of entrusted financial management of the company this year shall not exceed RMB 1.5 billion, accounting for 356.12% of the company's latest audited monetary funds; The company does not have the situation of purchasing financial products with large liabilities. The company uses some temporarily idle self owned funds for entrusted financial management on the premise of ensuring the normal operation of the company and ensuring the safety of funds. It can improve the efficiency of fund use, obtain certain investment income and seek more investment returns for the company's shareholders.
The company's purchase of financial products is included in the "trading financial assets" in the balance sheet, and the interest income is included in the "investment income" in the income statement. The details shall be subject to the annual audit results.
5、 Risk tips
The financial products purchased by the company are risk controllable products, but the financial market is greatly affected by macroeconomic, fiscal and monetary policies. The products may be affected by income risk, interest rate risk, liquidity risk, policy risk and other risks, so as to remind investors to pay attention to investment risks.
6、 Implementation of decision-making procedures and opinions of independent directors
On March 10, 2022, the company held the fourth meeting of the third board of directors and the fourth meeting of the third board of supervisors, deliberated and adopted the proposal on cash management of the company's own idle funds, and agreed that the company would use the idle own funds with a limit of no more than 1.5 billion yuan to buy financial products with controllable risk and strong liquidity, The authorized use period is from the date of adoption of the resolution of the company's 2021 annual general meeting to the date of resolution of the 2022 annual general meeting. Within the above quota and period, the fund can be used on a rolling basis. The independent directors of the company carefully reviewed the proposal on cash management of the company's own idle funds and expressed their explicit consent.
7、 As of the date of this announcement, the company has used its own idle funds to entrust financial management in the last 12 months
Unit: 10000 yuan
Serial no. Name of trading product actual input actual recovery actual income not yet recovered principal amount of the other party (yuan)
1. Fangzheng Wensheng No. 1 (Product Code: 3 Sichuan Meifeng Chemical Industry Co.Ltd(000731) 13578 0 securities cws001)
2. Structured deposit products of the construction unit 500042410959 0 bank
3. Structured deposit products of the construction unit 500041492505 0 bank
4. Chouzhou Xincun (Product Code: 5 Gohigh Data Networks Technology Co.Ltd(000851) 65715 0 bank cz210115001)
5. Chouzhou Xincun (Product Code: 500085541096 0 bank cz210126002)
Win win Zhixin exchange rate peg
6 CITIC mincoin structured deposit 10 Zhongxing Shenyang Commercial Building Group Co.Ltd(000715) 06849 0 bank 03117 (Product Code:
C21X50134)
7. Fangzheng Wensheng No. 6 (Product Code: Jinlong Machinery & Electronic Co.Ltd(300032) 899430 0 securities cws006)
8. Fangzheng Wensheng No. 3 (Product Code: 200049714524 0 securities cws003)
9. Founder Wensheng No. 3 (Product Code: 200049242632 0 securities cws003)
10 structured deposit products of the construction unit 500039794521 0 bank
11 structured deposit products of the construction unit 5 Financial Street Holdings Co.Ltd(000402) 73973 0 bank
12 Yinhe Shenghui No. 5 (Product Code: 5000114061643 0 securities hs5f12)
13. Fangzheng Wensheng No. 3 (Product Code: Beijing Egova Co.Ltd(300075) 427112 0 securities cws003)
14 founder Wensheng No. 3 (Product Code: Ningbo Gqy Video & Telecom Joint-Stock Co.Ltd(300076) 037737 0 securities cws003)
CITIC win-win Zhixin exchange rate peg
15. Bank's civil currency structured deposit product 1 Shenzhen Ecobeauty Co.Ltd(000010) Tianjin Jinbin Development Co.Ltd(000897) 53425 0 (Code: c21t40120)
16 CITIC yuewan No.1 collective asset management 5000123930513 0 futures management plan
17. Structural deposit of the construction unit 1000080547945 0 bank No. 328 in 2021
18 Fangzheng Wensheng No. 3 (Product Code: 2 Xueda (Xiamen) Education Technology Group Co.Ltd(000526) 86853 0 securities cws003)
19 Fangzheng Wensheng No. 3 (Product Code: 2 Chang Jiang Shipping Group Phoenix Co.Ltd(000520) 60596 0 securities cws003)
20 Chouzhou Xincun (Product Code: 10000 bank cz210913002)
21 Galaxy Shenghui Zunxiang No. 3 5000 securities (Product Code: zx1003)
22 founder Wensheng No. 6 (Product Code: Gaona Aero Material Co.Ltd(300034) 876299 0 securities cws006)
23 Fangzheng Wensheng No. 6 (Product Code: 20 Xinlun New Materials Co.Ltd(002341) 4078 0 securities cws006)
24 CITIC yuewan No.1 collective asset management 5000 futures management plan
25 founder Wensheng No. 1 (Product Code: 3000 securities cws001)
Total 118 C.Q.Pharmaceutical Holding Co.Ltd(000950) 00
