Securities code: 600843900924 securities abbreviation: Shang Gong Group Co.Ltd(600843) Shanggong B share Announcement No.: 2022-001 Shang Gong Group Co.Ltd(600843) (Group) Co., Ltd
Progress announcement on 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 the announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of the contents.
The eighth meeting of the ninth board of directors of Shang Gong Group Co.Ltd(600843) (Group) Co., Ltd. (hereinafter referred to as "the company") deliberated and adopted the proposal on cash management of some temporarily idle raised funds, and agreed that the company should conduct cash management of temporarily idle raised funds of no more than 700 million yuan. Recently, some of the raised funds for cash management have been redeemed and re purchased. The details are as follows:
1、 Redemption at maturity
The trustee's name, amount and actual annual income are called the product name (10000 product term interest rate (yuan))
China Industrial and Commercial Bank of China Industrial And Commercial Bank Of China Limited(601398) linked exchange rate range accumulated from September 28, 2021 to
Bank's share-based corporate RMB structural deposit production 10000december 29, 2021 2.38% 599966.03 Co., Ltd. Product - special account type 2021 phase 288 D
See the progress announcement on Cash Management No. 2021-047 disclosed by the company on September 28, 2021 for the purchase of the above structured deposits.
2、 Overview of cash management
(i) Cash management purpose
In order to improve the use efficiency of funds and make rational use of the temporarily idle raised funds, the company uses the temporarily idle raised funds to purchase principal guaranteed short-term financial products without affecting the normal operation of the company and the normal implementation of the raised funds projects and ensuring the safety of the raised funds, so as to increase the company's income and seek a better return on investment for the company and shareholders.
（2） Source of funds
The fund source of this cash management is the raised funds temporarily idle by the company.
（3） Basic information of cash management products this time
The trustee's product amount is expected to be annualized, expected revenue name type, product name (RMB 10000) rate of return amount (RMB 10000)
China's Industrial And Commercial Bank Of China Limited(601398) structural deposit and China's Industrial And Commercial Bank Of China Limited(601398) linked exchange rate range accumulated 1.50% / -
RMB structured deposit property of accrual type legal person of Co., Ltd. 100002.82%/-
Product - special house type 2022 phase 006 section e
Product revenue structure refers to whether the annualized expected revenue constitutes the term type arrangement rate of return (if any) related party transactions
187 days breakeven floating --- no
Income type
（4） The company's internal control over risks related to entrusted financial management
Based on the principle of safeguarding the interests of shareholders and the company, the company puts risk prevention first and makes prudent decisions on investment and financial products. What the company purchases this time is a structured deposit product with principal guarantee. During the period of the above investment and financial products, the company will maintain close contact with the bank, timely analyze and track the progress of investment and financial products, strengthen risk control and supervision, and ensure capital safety.
3、 Details of cash management
(i) Main terms of the contract
Product Name: China Industrial And Commercial Bank Of China Limited(601398) linked exchange rate range cumulative corporate RMB structured deposit product - special account type, phase 006, section e, 2022
Product code 22zh006e
Subscription amount: 100 million yuan
The expected annualized rate of return is 1.50% / year to 2.82% / year
Product type breakeven floating income
Product risk rating PR1 (very low, Industrial And Commercial Bank Of China Limited(601398) internal rating)
Product start date: January 5, 2022
Product expiration date: July 11, 2022
Product life 187 days
Investors are not allowed to redeem in advance during the duration of early redemption products
Prior to the expiration date of early termination of the product, Industrial And Commercial Bank Of China Limited(601398) has no right to unilaterally decide to terminate the product in advance
（2） Investment direction of this cash management
The principal part of the product is included in the unified operation and management of China's Industrial And Commercial Bank Of China Limited(601398) internal funds. The income part is invested in derivatives linked to the exchange rate of the US dollar against the Japanese yen, and the product income is linked to the performance of the exchange rate of the US dollar against the Japanese yen in the international market during the observation period. Investor returns depend on the performance of the US dollar against the Japanese yen during the observation period.
4、 The situation of the cash management trustee
The cash management trustee China Industrial And Commercial Bank Of China Limited(601398) is a joint-stock listed financial institution and has no relationship with the company. 5、 Impact on the company
The financial position of the company in the latest year and period is as follows:
Unit: Yuan
Project September 30, 2021 December 31, 2020
Total assets 5586828517.354676723702.52
Total liabilities 2188648929.252022679924.06
Net assets attributable to shareholders of the listed company 31576449488.642348657055.45
Project from January to September 2021 to 2020
Net cash flow from operating activities -35145181.77319956588.29
On the premise of ensuring the daily operation and fund safety of the company, the company appropriately manages the temporarily idle raised funds, which will not affect the implementation of the company's raised funds and the normal development of daily business. Through appropriate principal guaranteed cash management, we can obtain certain investment benefits, further improve the overall performance level of the company and seek more investment returns for the shareholders of the company. The company does not have large liabilities and purchase large financial products at the same time.
The total amount of the company's cash management with the raised funds this time is RMB 100 million, accounting for 12.63% of the balance of monetary funds at the end of the third quarter of 2021, which will not have a great impact on the implementation of the company's future raised funds projects and its main business, financial status, operating results and cash flow. The financial products purchased by the company are listed in the title of "trading financial assets" in the balance sheet.
6、 Risk tips
(i) Liquidity risk
During the investment period of the established single-phase products, the company has no right to terminate in advance.
（2） Policy risk
The product is designed for the current relevant regulations and policies. In case of changes in national policies, markets, laws and other factors that may affect the normal acceptance, investment and repayment of deposit products, the bank has the right to terminate the deposit products in advance.
（3） Force majeure risk
The emergence of force majeure factors such as natural disasters and wars will seriously affect the normal operation of the financial market, may affect the normal process of product acceptance, investment and repayment, and even lead to the reduction of product income and even the loss of principal. 7、 As of the date of this announcement, the company has used the raised funds for entrusted financial management in the last 12 months
Unit: 10000 yuan
No. financial product type actual investment amount actual principal recovered actual income outstanding principal amount
1. Bank financial products 150001500042.300
2. Bank financial products 1000060.000
3 bank financial products 25000 / / 25000
4 bank financial products 20000 / / 20000
5 bank financial products 10000 / / 10000
Total 8000025000102.3055000
The maximum daily investment amount in the last 12 months is 70000
Maximum daily investment amount in the last 12 months / net assets attributable to shareholders of the parent company in the last year of 29.80 (%)
Cumulative income from entrusted financial management in the last 12 months / net profit attributable to shareholders of the parent company in the last year (%)
No. financial product type actual investment amount actual principal recovered actual income outstanding principal amount
Currently, the used financial management limit is 55000
Unused financial limit 15000
Total financial limit 70000
It is hereby announced.
Board of directors of Shang Gong Group Co.Ltd(600843) (Group) Co., Ltd. January 4, 2002
