Securities code: Shanghai Smith Adhesive New Material Co.Ltd(603683) securities abbreviation: Shanghai Smith Adhesive New Material Co.Ltd(603683) Announcement No.: 2022018 Shanghai Smith Adhesive New Material Co.Ltd(603683)
Announcement on using some idle self owned 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: a unit with good reputation, large scale, ability to ensure capital safety, good operating efficiency and strong capital operation ability.
Amount of entrusted financial management: Shanghai Smith Adhesive New Material Co.Ltd(603683) and its subsidiaries intend to use idle self owned funds of no more than RMB 300 million for cash management.
Types of entrusted financial products: Deposit in the form of notice deposit, agreement deposit or time deposit in the form of separate contract or certificate of deposit, so as to obtain higher deposit interest rate, timely use it to purchase financial products of financial institutions with high safety and good liquidity, fixed income securities investment products (excluding unsecured bond investment), and make appropriate investment in treasury bond repurchase, foreign exchange financial derivatives to avoid foreign exchange risk, etc.
Term of authorization for entrusted financial management: the term of use is valid within one year from the date of deliberation and adoption at the 20th meeting of the third board of directors. After this authorization takes effect, it will cover the previous authorization and can be used on a rolling basis during the investment period. Review procedures: on March 29, 2022, the 20th meeting of the third board of directors of the company considered and approved the proposal on using some idle self owned funds for cash management, agreed that the company would use idle self owned funds with a maximum amount of no more than RMB 300 million for cash management, and agreed to authorize the chairman to decide on the specific products to be purchased and sign relevant contract documents within the scope of approved matters, The specific matters shall be organized and implemented by the Finance Department of the company. The independent directors expressed their independent opinions.
1、 Overview of entrusted financial management
1. Purpose of entrusted financial management: through appropriate and timely cash management of temporarily idle self owned funds, it is conducive to improve the efficiency of fund use, obtain certain investment income and seek more returns for the company and shareholders.
2. Investment quota and term: the company and its subsidiaries intend to use idle self owned funds of no more than RMB 300 million for cash management. Within the above quota and validity period, the funds can be recycled and used in a rolling manner.
3. Investment type: Deposit in the form of a separate contract or certificate of deposit in the form of notice deposit, agreement deposit or time deposit, so as to obtain a higher deposit interest rate, timely use it to buy financial products of financial institutions with high safety and good liquidity, fixed income securities investment products (excluding unsecured bond investment), and make appropriate investment in treasury bond repurchase and foreign exchange financial derivatives to avoid foreign exchange risk.
4. Validity period of the resolution: within one year from the date of deliberation and adoption at the 20th meeting of the third board of directors of the company, this authorization will cover the previous authorization after it takes effect.
5. Implementation method: authorize the chairman or his authorized representative to sign relevant agreement documents and organize implementation. 6. Source of funds: idle self owned funds of the company.
7. Description of related party relationship: the company and the subject of this financial product issuance do not constitute related party transactions.
2、 Risk control measures
1. The management of the company shall strictly screen investment objects and select products issued by units with good reputation, large scale, ability to ensure capital safety, good operating efficiency and strong capital operation ability.
2. The Finance Department of the company shall select appropriate investment products according to the progress of the investment projects with its own funds and the safety, duration and income of the products, which shall be submitted to the chairman for approval after being reviewed by the person in charge of finance.
3. The finance department shall establish the standing book of investment products, timely analyze and track the investment direction and progress of investment products, and take preservation measures in time to control investment risks once it is found that there are risk factors that may affect the safety of the company's funds.
4. The board of supervisors and independent directors of the company have the right to supervise and inspect the use of idle self owned funds, and can hire professional institutions to audit when necessary.
5. The company will perform the obligation of information disclosure in accordance with relevant laws and regulations and the articles of association. 3、 Details of cash management
The company will timely disclose the specific situation of the company's cash management in accordance with the requirements of the Listing Rules of Shanghai Stock Exchange and other relevant laws and regulations, including the main terms of the cash management contract, the investment direction of cash management funds and the corresponding risk control analysis.
4、 Impact on the company's operation
Unit: RMB
Financial indicators December 31, 2021 December 31, 2020
(audited) (audited)
Total assets 176071061128165088790032
Total liabilities 7725939589568889176661
Net assets 9639090412292773243670
Financial indicators 2021 (audited) 2020 (audited)
Net operating cash flow 126187570137776004345
1. The company's use of idle self owned funds for cash management this time will not affect the normal needs of the company's daily capital turnover and the normal development of the company's main business. There is no case of purchasing large financial products while bearing large liabilities.
2. As of December 31, 2021, the monetary capital of the company was 213561000 yuan, the trading financial assets were 50408200 yuan, and the amount of financial products included in other current assets was 10000 yuan. The amount of entrusted financial management applied for by the company is 300 million yuan, accounting for 113.65% of the total amount of financial products included in monetary funds, trading financial assets and other current assets at the end of the latest period, which will not have a great impact on the company's main business, financial status, operating results and cash flow in the future.
The company implements the new financial instrument standards. The principal guaranteed floating income and non Principal Guaranteed floating income products in financial products are classified and adjusted from the item "other current assets" reported in the statement to the item "trading financial assets" reported in the statement. The principal guaranteed income products in financial products are reported in "other current assets" as before.
5、 Risk tips
Although the company will select qualified professional, large-scale, good operating efficiency and strong capital operation ability to provide risk controllable cash management products, the financial market is greatly affected by the macro-economy. It is not excluded that the investment is affected by market fluctuations. It is mainly faced with investment risks such as income fluctuation risk and liquidity risk, and the actual income of the investment is unpredictable. Please make careful decisions and pay attention to preventing investment risks.
6、 Approval procedures for cash management with self owned funds and opinions of independent directors
The company and its subsidiaries intend to use idle self owned funds of no more than RMB 300 million for cash management, which has been deliberated and approved at the 20th meeting of the third board of directors of the company, and the independent directors have expressed their consent. This matter does not need to be submitted to the general meeting of shareholders of the company for deliberation.
Independent directors believe that the company and its subsidiaries use idle self owned funds for cash management on the premise that the company's operation is good, its financial situation is stable, and does not affect the company's daily working capital turnover needs and capital safety. It will not affect the normal development of the main business of the company and its subsidiaries, comply with the articles of association and other relevant provisions, and the review procedures are legal and compliant. The company and its subsidiaries use their own funds for cash management, which is conducive to improving the fund use efficiency of the company and its subsidiaries, obtaining better return on investment for shareholders, and in line with the interests of the company and all shareholders. It is agreed that the company and its subsidiaries use idle self owned funds with a ceiling of RMB 300 million for cash management, and the funds can be used on a rolling basis within the above quota and validity period. The company's use of idle self owned funds for cash management this time has fulfilled the necessary deliberation procedures and met the relevant regulatory requirements of China Securities Regulatory Commission and Shanghai Stock Exchange.
7、 As of the date of this announcement, the company has used its own funds to entrust financial management in the last 12 months
Unit: RMB 10000
No. the actual investment amount of financial products has been actually recovered, and the actual principal has not been recovered
Type of interest principal amount
1 bank financial management 33308252830825 130.38500000
product
Total 33308252830825 130.38500000
The maximum amount invested in a single day in the last 12 months is 10931
Maximum daily investment amount in the last 12 months / net assets of the last year 11.34
(%) cumulative income from entrusted financial management in the last 12 months / net profit of the last year (%) 4.12
The used financial management limit is 5000
Unused financial limit 25000
Total financial limit 30000
Note: the above actual recovered principal is counted according to all recoveries in the last 12 months, including the recovery of some financial products purchased 12 months ago.
It is hereby announced.
Shanghai Smith Adhesive New Material Co.Ltd(603683) board of directors March 31, 2022
