Securities code: 605028 securities abbreviation: Ningbo Shimao Energy Co.Ltd(605028) Announcement No.: pro 2022-001 Ningbo Shimao Energy Co.Ltd(605028)
Announcement on redemption and continued cash management of some idle raised funds upon maturity
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:
Cash management trustee: China Citic Bank Corporation Limited(601998) Yuyao sub branch
Cash management amount this time: 80 million yuan of temporarily idle raised funds.
Name of cash management product: China Citic Bank Corporation Limited(601998) Yuyao sub branch win-win Zhixin exchange rate linked RMB structured deposit 07773
Review procedures: the company held the 14th meeting of the first board of directors, the 11th meeting of the first board of supervisors on August 24, 2021 and the second extraordinary general meeting of shareholders in 2021 on September 9, 2021. The proposal on using some temporarily idle raised funds for cash management was reviewed and adopted respectively. The company plans to use the idle raised funds of no more than 300 million yuan for cash management within 12 months from the date of approval by the general meeting of shareholders. Within the above quota and validity period, the capital quota can be used on a rolling basis. The idle raised funds shall be returned to the special account for raised funds upon expiration of cash management. The independent directors of the company issued independent opinions with explicit consent, and the recommendation agency Orient Securities Company Limited(600958) underwriting recommendation Co., Ltd. issued clear verification opinions on the cash management of idle raised funds.
1、 Due redemption of this financial product
The win-win Zhixin exchange rate linked RMB structured deposit 06027 purchased by the company from China Citic Bank Corporation Limited(601998) Yuyao sub branch in the early stage. For details, see the announcement on the progress of cash management using some temporarily idle raised funds (Announcement No.: 2021-019) disclosed by the company on the website of Shanghai Stock Exchange on September 14, 2021. The above financial products have been redeemed due in the near future. The details are as follows:
Trustee's product name amount income type expected annual income redemption amount interest (10000 yuan) type interest rate (10000 yuan)
CITIC Bank win-win zhixinhui 8000.00 breakeven floating 1.48% - 2.958000.0070.48
Xingyuyao rate is linked to the people's dynamic type% -3.35%
Sub branch currency structured deposit
Payment 06027
2、 Basic information of cash management
(i) Cash management purpose
The use of some temporarily idle raised funds for cash management is to carry out cash management on the premise of ensuring that the construction of investment projects with raised funds will not be affected, so as to better maintain and increase the value of the company's raised funds, increase the company's income and safeguard the interests of all shareholders of the company.
（2） Source of funds:
1. Source of funds: some idle raised funds
2. Basic information of raised funds:
Approved by the reply on approving Ningbo Shimao Energy Co.Ltd(605028) initial public offering of shares (zjxk [2021] No. 1812) of China Securities Regulatory Commission, Ningbo Shimao Energy Co.Ltd(605028) (hereinafter referred to as "the company") issued 40 million RMB common shares (A shares) for the first time, with a par value of 1 yuan per share, an issue price of 14.18 yuan per share and a total raised capital of 567.2 million yuan, After deducting the issuance expenses excluding tax of RMB 64.75 million, the actual net amount of raised funds was RMB 502.45 million. The availability of the above raised funds has been verified and confirmed by Tianjian Certified Public Accountants (special general partnership), and the capital verification report "Tianjian Yan [2021] No. 372" was issued on July 6, 2021. The company has deposited the raised funds in the special account for raised funds established for this issuance. （3） Basic information of cash management products this time
Sequence entrusted bank product name value date purchase amount product final return rate of return No. line type period (10000 yuan) end date type
CITIC Bank win-win Zhixin exchange rate breakeven 1.60% - bank 1 Yuyao structure linked RMB settlement 2022 / 1 / 8000.002022/3/floating 3.00% - sub branch structured deposit 07773131 type 3.40% maturity
Description of related relationship: the company has no related relationship with the trustee of financial products.
（4） The company's internal control over risks related to entrusted cash management
1. The company will strictly abide by the principle of prudent investment, select Principal Guaranteed bank structured deposits, or judge that there are factors affecting the income of financial products, and will take corresponding preservation measures in time to control the investment risk to the greatest extent.
2. The company's independent directors, the board of supervisors and the audit committee of the board of directors have the right to supervise and inspect the use of funds, and can hire professional institutions to audit when necessary.
3. The Audit Department of the company is responsible for comprehensively inspecting the principal guaranteed deposit products purchased by the company, and reasonably predicting the possible risks and benefits of various investments according to the principle of prudence.
3、 Details of this cash management (I) main terms of the contract 1, China Citic Bank Corporation Limited(601998) win win Zhixin exchange rate linked RMB structured deposit for 3 months
Product name China Citic Bank Corporation Limited(601998) win win Zhixin exchange rate linked RMB structured deposit 07773
Product type bank structured deposit
Product start date: January 1, 2022
Product life (day) 89 days
Product expiration date: March 31, 2022
Estimated annualized rate of return of 1.60% - 3.00% - 3.40% (II) description of cash management using raised funds
The investment products purchased with the raised funds for cash management are minimum deposit products, which meet the requirements of high security and good liquidity. The company does not change the purpose of the raised funds in a disguised form. The use of the raised funds for cash management this time will not affect the normal progress of the raised investment projects and will not damage the interests of shareholders.
4、 Risk control measures
The company will make decisions, manage, inspect and supervise the investment in principal guaranteed bank financial products in strict accordance with the stock listing rules of Shanghai Stock Exchange, the articles of association and other relevant laws, regulations and rules, strictly control the safety of funds, and regularly report the investment to the board of directors. The company will disclose the progress of cash management and profit and loss in accordance with the relevant provisions of the exchange.
Relevant personnel of the Finance Department of the company will timely analyze and track the investment direction of financial products and project progress. If adverse factors are found or judged in the evaluation, corresponding measures will be taken in time to strictly control the investment risk.
The independent directors, the board of supervisors and the audit committee of the board of directors have the right to supervise and inspect the use of financial funds. When necessary, professional institutions may be employed for audit.
Through the above measures, the company will ensure that the purpose of the raised funds will not be changed in a disguised manner and the investment of the raised funds will not be affected.
5、 Information of the entrusted party of cash management this time
China Citic Bank Corporation Limited(601998) has no relationship with the company, the controlling shareholder and the actual controller of the company. 6、 Impact on the company
(i) Main financial information of the company in recent years
Unit: 10000 yuan
Project September 30, 2022 December 31, 2020
(Unaudited) (audited)
Total assets 109514.7153735.52
Total liabilities 11002.8010194.26
Owner's equity 98511.9143541.26
Project from January to September 2022 and 2020
(Unaudited) (audited)
Operating income 27656.8829912.96
Net profit 12725.6512120.61
11418.1114251.51 from operating activities
Net cash flow
The company does not have the situation of purchasing large financial products while bearing large liabilities. The company's use of temporarily idle raised funds for cash management is implemented on the premise of ensuring that it does not affect the normal use of raised funds and effectively control risks, and does not affect the normal operation of the company's raised investment projects. Appropriate low-risk investment and financial management can improve the use efficiency of raised funds and further increase the company's income, which is in line with the interests of all shareholders.
（2） According to the accounting standards for Business Enterprises No. 22 - recognition and measurement of financial instruments, the company's cash management principal is included in the monetary funds and trading financial assets in the balance sheet, and the interest income is included in the financial expenses or investment income items in the income statement. The details shall be subject to the annual audit results.
7、 Risk tips
Although the cash management products are principal guaranteed deposit products with high safety and good liquidity, the financial market is greatly affected by the macro-economy. It is not excluded that the investment is affected by policy risk, market risk, force majeure and accident risk, and there is a certain investment risk. The company will intervene timely and appropriately according to the economic situation and changes in the financial market, but it does not rule out that the investment is affected by market fluctuations.
8、 Implementation of decision-making procedures and opinions of the board of supervisors, independent directors and recommendation institutions
Review procedures: the company held the 14th meeting of the first board of directors, the 11th meeting of the first board of supervisors on August 24, 2021 and the second extraordinary general meeting of shareholders in 2021 on September 9, 2021. The proposal on using some temporarily idle raised funds for cash management was reviewed and adopted respectively. The company plans to use the idle raised funds of no more than 300 million yuan for cash management within 12 months from the date of approval by the general meeting of shareholders. Within the above quota and validity period, the capital quota can be used on a rolling basis. The idle raised funds shall be returned to the special account for raised funds upon expiration of cash management. The independent directors of the company issued independent opinions with explicit consent, and the recommendation agency Orient Securities Company Limited(600958) underwriting recommendation Co., Ltd. issued clear verification opinions on the cash management of idle raised funds.
9、 As of the date of this announcement, the company has used the raised funds for cash management in the past 12 months
Unit: 10000 yuan
Serial No. cash management product type actual input amount actual principal recovered actual income not yet recovered principal
1. Structured deposit 400032.05-
2. Structured deposit 800070.48-
37 day call deposit 5000-5000
4. Structured deposits 13000-13000
5 structured deposits 4000-4000
6. Structured deposits 8000-8000
Total 4200012000102.5330000
At present, the cash management limit of raised funds (including this time) used is 30000
Unused cash management limit of raised funds 0
Total cash management limit of raised funds: 30000
It is hereby announced.
Ningbo Shimao Energy Co.Ltd(605028) director
