China Hi-Tech Group Co.Ltd(600730)
Announcement on the purchase of financial products by the company and its holding subsidiaries 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: banks, trusts and other financial institutions
Amount of this entrusted financial management: it is estimated that the maximum balance limit of one day to be used for entrusted financial management in 2022 is RMB 1.2 billion, which can be invested circularly and used on a rolling basis
Type of entrusted financial products: financial products with high security, good liquidity and controllable risk
Term of entrusted financial management: valid within 12 months from the date of deliberation and approval by the 2021 annual general meeting of shareholders
Deliberation procedures performed: China Hi-Tech Group Co.Ltd(600730) (hereinafter referred to as "the company") held the 22nd Meeting of the ninth board of directors on March 29, 2022, deliberated and adopted the proposal on the purchase of financial products by the company and its holding subsidiaries in 2022. This proposal still needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
1、 Overview of this entrusted financial management
1. Purpose of entrusted financial management
In order to improve the capital use efficiency and the income of cash assets of the company and its holding subsidiaries, on the premise of ensuring the daily operation capital needs of the company and its holding subsidiaries, reasonably use idle self owned funds to buy financial products with high safety, good liquidity and controllable risk, so as to create more investment returns for the company and shareholders.
2. Source of funds
The funds used by the company and its holding subsidiaries to purchase financial products are idle self owned funds.
3. Basic information of entrusted financial products
The board of directors of the company approved the company and its holding subsidiaries to use idle self owned funds of no more than RMB 1.2 billion to purchase financial products with high safety, good liquidity and controllable risk. The funds within this limit can be invested circularly and used on a rolling basis. The investment period is within 12 months from the date of deliberation and approval by the 2021 annual general meeting of shareholders. Within the scope and validity of the quota, the general meeting of shareholders shall authorize the company's management to be responsible for the specific organization and implementation, and sign the relevant contract text.
4. Investment direction of entrusted financial management funds
The funds entrusted by the company and its holding subsidiaries for financial management are mainly used for the purchase of treasury bond reverse repurchase and financial products with high security, good liquidity and controllable risk sold by financial institutions (including banks, securities, funds, trusts, asset management, etc.), with a short-term period of no more than one year (including one year). Do not invest in stocks and their derivatives, securities investment funds and other securities related investments.
5. 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 in the first place, strictly controls the purchased financial products and makes prudent decisions. The funds of entrusted financial management are mainly used to purchase short-term financial products with high security, good liquidity and controllable risk, strictly control the risk of financial products, closely communicate with business partners, timely grasp the dynamic changes of purchased financial products, strengthen risk control and supervision in multiple ways, and strictly control the security of funds. The entrusted financial management meets the requirements of the company's internal fund management. At the same time, the company will further improve the approval process and management process of investment and financial management, so as to ensure the safety and use efficiency of funds. 6. Risk control analysis
The company takes risk prevention as the primary goal, and takes capital safety, maintaining reasonable liquidity and meeting the company's daily operating capital turnover needs as the main principles to carry out strict risk control for entrusted financial management projects. In strict accordance with the company's internal control management system and implementation procedures, the company carefully selects financial institutions handling financial products, selects financial institutions with good credit status and financial status and legal business qualification as partners, puts capital safety first, pays timely attention to the relevant situation of investment and financial funds, timely analyzes and tracks the progress of financial products, and once adverse factors are found, Corresponding preservation measures will be taken in time to control investment risks; If the invested products face major adverse factors such as losses, the company will take corresponding measures in time. 2、 Information of entrusted financial management trustee
1. The trustees of the company's purchase of financial products are state-owned holding commercial banks, joint-stock commercial banks, trust institutions and other financial institutions.
2. On March 29, 2022, the company held the 22nd Meeting of the 9th board of directors and deliberated and adopted the proposal on daily connected transactions in 2022, which estimated the amount of trust, fund, asset management, securities and other financial products purchased by the company from the company's related party Ping An Insurance (Group) Company Of China Ltd(601318) insurance (group) Co., Ltd. and its affiliates, that is, the maximum balance in a single day shall not exceed 600 million yuan, The proposal will be submitted to the company's 2021 annual general meeting for deliberation. See the company's announcement on China Hi-Tech Group Co.Ltd(600730) daily connected transactions in 2022 No. 2022015 for details.
In addition to the foregoing, it is expected that there is no related relationship or other relationship between other trustees and the company, the controlling shareholders of the company and their persons acting in concert and actual controllers, such as property rights, business, assets, creditor's rights and debts, personnel, etc. 3. Due diligence of the board of directors
The board of directors of the company will conduct necessary due diligence and relevant investigations on the basic information, credit status and transaction performance ability of the trustee, fund user and other transaction parties. If the trustee is a listed financial institution, it may be exempted from the above due diligence.
3、 Impact on the company
1. The relevant financial data of the company in the latest year are as follows:
Unit: 10000 yuan
December 31, 2021
Total assets 22235810
Total liabilities 3461993
Net assets attributable to shareholders of listed companies 18564184
January December 2021
Net cash flow from operating activities 2264418
The company does not buy large financial products while bearing large liabilities. As of December 31, 2021, the monetary capital of the company is 335086200 yuan, the amount of current liabilities is 1168874 million yuan, and the company has no corporate bonds and long-term loans.
The company expects that the maximum daily balance to be used for entrusted financial management in 2022 will be 1.2 billion yuan, and the total balance of monetary funds and financial management held by the company as of December 31, 2021 will be 1.201 billion yuan, accounting for 99.92%, which will not have a significant impact on the company's main business, financial status, operating results and cash flow in the future. On the basis of ensuring that the capital demand and risk of production and operation are controllable, the company uses idle funds to choose the opportunity to purchase financial products, which is conducive to improving the utilization efficiency and income of idle funds, further improving the overall income of the company, does not affect the development of the company's main business, and is in line with the interests of the company and all shareholders.
According to the requirements of the new financial instrument standards, the company will record the entrusted financial management into the title of "trading financial assets", and the received financial management income into the title of "investment income" in the income statement.
4、 Risk tips
The financial products purchased by the company and its holding subsidiaries are limited to Treasury bond reverse repurchase and financial products with high security and good liquidity sold by financial institutions with legal business qualification. The overall risk is controllable, but the financial market fluctuates greatly. It is not ruled out that the investment is affected by market risk, policy risk, liquidity risk, force majeure risk and other risk factors, thus affecting the expected return.
5、 Implementation of decision-making procedures and opinions of independent directors
The above investment and financial management matters have been approved at the 22nd Meeting of the ninth board of directors of the company and need to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
The independent directors of the company carefully considered the proposal on the purchase of financial products by the company and its holding subsidiaries in 2022, and expressed independent opinions on relevant situations as follows:
On the premise of complying with national laws and regulations, ensuring the safety of purchase funds and ensuring that it does not affect the normal production and operation of the company, the company uses idle self owned funds to purchase financial products with high safety, good liquidity and controllable risk, which is conducive to improving the use efficiency of funds and obtaining certain investment income, which is in line with the interests of the company and all shareholders. There is no situation that damages the interests of the company and all shareholders, especially minority shareholders.
The review procedure complies with relevant laws and regulations and the relevant provisions of the articles of association.
6、 As of the date of this announcement, the company has used its own funds to entrust financial management in the last 12 months
Amount: 10000 yuan
No. financial product type actual investment amount actual principal actually recovered actual income not yet recovered
1 bank financial management 700030.25-
2 trust financial management 30320755.92-
3 trust financial management 5000378.25-
4 bank financial management 9 Bohai Automotive Systems Co.Ltd(600960) 0 112.9-
5 bank financing 23 Fujian Nanping Sun Cable Co.Ltd(002300) 11.11-
6. Trust financial management 29300 -- 29300
7 bank financing 2 Dingli Corp.Ltd(300050) 00 14618000
8 trust financial management 1000 3.41-
9 bank financial management Shantou Wanshun New Material Group Co.Ltd(300057) .81-
10 bank financial management 12000 -- 12000
11 bank financial management 200019.4-
12 trust financial management 3000 -- 3000
13 trust financial management 2000 -- 2000
14 bank financial management 1 China Tianying Inc(000035) 00 24.5 6500
15 trust financial management 5000 -- 5000
16 trust financial management 5000 -- 5000
17 bank financial management 180 11.93-
18 bank financial management 270 12.78-
19 bank financial management 900 7.18-
20 trust and wealth management 24 Guangdong Advertising Group Co.Ltd(002400) 190.67-
21 bank financial management 3500 -- 3500
22 bank financial management 500 -- 500
23 bank financial management 130063.18-
24 bank financial management 142 5.08-
25 bank financial management 1400 -- 1400
26 bank financial management 100016.51-
27 bank financial management 1600 -- 1600
