Securities code: Meihua Holdings Group Co.Ltd(600873) securities abbreviation: Meihua Holdings Group Co.Ltd(600873) Announcement No.: 2022013 Meihua Holdings Group Co.Ltd(600873) about
Announcement on purchasing financial products with idle self owned funds in 2022
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 institutions with legal operation qualification, etc
Amount of entrusted financial management: the balance shall not exceed 3.5 billion yuan
Type of entrusted financial products: mainly short-term investment varieties within one year
Deliberative procedures to be performed: it has been deliberated and adopted at the 28th meeting of the ninth board of directors of the company and still needs to be submitted to the general meeting of shareholders 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 own funds, the company plans to purchase financial products with idle own funds.
(II) source of funds
The source of funds is idle self owned funds of the company (including holding subsidiaries).
(III) basic information of entrusted financial products
In order to improve the use efficiency of the company's own funds, the company plans to purchase financial products with idle own funds. In 2022, the company (including holding subsidiaries) plans to use idle self owned funds to purchase financial products with a balance of no more than 3.5 billion yuan. The purchase period is mainly short-term varieties within one year, including but not limited to commercial banks, financial subsidiaries of commercial banks, securities companies, fund companies, trust companies, asset management companies All kinds of financial products and shares issued by legal compliance institutions such as investment companies, purchase stocks and interest rate bonds such as treasury bonds, national development bonds and agricultural development bonds, and purchase all kinds of credit bonds whose issuer rating or debt rating has obtained China's AA grade or above, as well as other compliance products recognized by the first bank, the two sessions and the local financial office. The annualized yield of the above products is expected to be higher than the bank demand deposit interest rate in the same period.
Within the above limit, the general meeting of shareholders shall authorize the board of directors of the company to organize the implementation, the chief financial officer of the company shall be responsible for guiding the specific operation of the financial department, and the operation plan shall be submitted to the deputy general manager in charge and the general manager for final approval. The above authorization is from the date when the proposal is considered and approved by the general meeting of shareholders to the date of the next annual general meeting of shareholders. (IV) the company's internal control over risks related to entrusted financial management
Financial products have market risk, liquidity risk, credit risk, management risk and other risks, which may have an impact on investment assets and expected returns. In order to effectively prevent the above risks and ensure the safety of funds, the company plans to take the following measures:
1. Establish a risk management committee, which is composed of the deputy general manager in charge, the chief financial officer and the director of the fund department. The risk management committee shall conduct risk assessment and vote on the transaction of each product portfolio. If a majority of votes are obtained, the operation can be carried out;
2. Determine the business scale of specific financial products on the basis of fund allocation under the overall consideration of the company's overall capital situation, financing environment and other factors;
3. Make good allocation of investment and financial products under the condition of meeting the needs of operating funds, and appropriately adjust the investment strategy and investment portfolio according to the changes of external environment to control the overall risk;
4. The Audit Department of the company is responsible for auditing and supervising the use and custody of investment and wealth management funds;
5. The independent directors and the board of supervisors of the company have the right to supervise and inspect the use of investment and financial management funds, and can hire professional institutions to audit when necessary.
2、 Details of this entrusted financial management
(I) investment direction of entrusted financial management funds
The specific terms of the financial management contract shall be subject to the actual signed contract.
(II) risk control analysis
When the company purchases financial products with idle self owned funds, it will be approved and implemented in strict accordance with the company's internal control procedures. The financial department will monitor the purchased financial products in real time. Once adverse factors are found or judged, it will take corresponding measures in time to control investment risks.
3、 Information of entrusted financial management trustee
The trustee of the company's purchase of financial products is a financial institution with legal business qualification. There is no related relationship between the trustee and the listed company, the controlling shareholders of the listed company, the persons acting in concert and the actual controllers, such as property rights, business, assets, creditor's rights and debts, personnel and so on.
4、 Impact on the company
Unit: yuan currency: RMB
December 31, 2021 (audited) December 31, 2020 (audited)
Total assets 20921200513891899330803270
Total liabilities 102767197991
Net assets 1062153333875931655 Mesnac Co.Ltd(002073)
January December 2021 January December 2020
Cash flow from operating activities
Net volume 366956283195166113279997
The company's use of idle self owned funds to purchase financial products will be implemented on the premise of ensuring the normal production and operation of the company and ensuring the safety of funds. By purchasing financial products with high safety and good liquidity, the company can improve the use efficiency of idle self owned funds, increase the investment income of cash assets and will not affect the development of the company's main business, It does not have a significant impact on the company's future financial situation and operating results.
5、 Risk tips
The company and its holding subsidiaries will use idle self owned funds to buy financial products with high safety and good liquidity, but may be affected by macroeconomic, fiscal and monetary policies. The company will control investment risks to the greatest extent. Please pay attention to investment risks.
6、 Implementation of decision-making procedures
On April 8, 2021, the company held the 15th meeting of the ninth board of directors, at which the proposal on using idle own funds to purchase financial products was deliberated and adopted, which has been deliberated and adopted by the general meeting of shareholders.
On March 11, 2022, the company held the 28th meeting of the 9th board of directors, at which the proposal on using idle self owned funds to purchase financial products was deliberated and adopted, which needs to be deliberated and approved by the general meeting of shareholders.
The independent directors believe that the company's use of idle self owned funds to purchase financial products on the premise of meeting the normal production and operation and capital safety is conducive to improving the use efficiency of idle self owned funds and increasing the investment income of cash assets. The financial investment business carried out by the company is supervised by the audit department, the risk management committee and the independent directors and the board of supervisors. It can effectively control the corresponding risks, which is in line with the interests of the company and all shareholders, and there is no situation that damages the interests of minority shareholders.
7、 As of the date of this announcement, the company has used its own funds or raised funds to entrust financial management in the last 12 months
Amount: 10000 yuan
No. financial product type actual investment amount actual principal recovered actual income outstanding principal amount
Bank financial products due
118229697 gold has been fully recovered 2084507213170
Financial products due from trust products
23300000 gold has been fully recovered 1127852609700
Financial products due for private placement
31100000 gold has been fully recovered 378.51500000
Financial products due under the asset management plan
4 253000 gold has been fully recovered -- 253000
Total 2288269735908610575870
The maximum daily investment amount in the last 12 months is 19977776
Maximum daily investment amount in the last 12 months / net assets of the last year (%) 18.81
Cumulative income from entrusted financial management in the last 12 months / net profit of the last year (%) 1.51
At present, the used financial management limit is 10575870
Unused financial limit 9424130
Total financial management limit 20000000
Note: the financial products purchased by the company are mainly those purchased and redeemed by the bank, and the actual investment amount is counted according to the maximum balance of a single day in the period.
It is hereby announced.
Meihua Holdings Group Co.Ltd(600873) board of directors March 11, 2022
