Securities code: Zhongyin Babi Food Co.Ltd(605338) securities abbreviation: Zhongyin Babi Food Co.Ltd(605338) Announcement No.: 2022026
Zhongyin Babi Food Co.Ltd(605338)
Announcement on the use of some temporarily 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:
● cash management trustee: financial institutions such as banks, securities companies or trust companies
● cash management amount: Zhongyin Babi Food Co.Ltd(605338) (hereinafter referred to as “the company”) and its subsidiaries intend to use temporarily idle self owned funds up to RMB 150 million for cash management.
● type of cash management products: financial products of financial institutions such as banks, securities companies or trust companies with low risk, and such cash management products shall not be used for pledge or investment for the purpose of securities investment.
● authorization period of cash management: no more than 12 months from the date of deliberation and approval by the general meeting of shareholders. Within the above limit and term, the funds can be used in a circular and rolling manner, and the previous authorization will be overwritten after this authorization takes effect. ● review procedures to be performed: the company held the 14th meeting of the second board of directors and the 13th meeting of the second board of supervisors on April 7, 2022, which reviewed and approved the proposal on using some temporarily idle self owned funds for cash management, and agreed that the company should use temporarily idle self owned funds up to RMB 150 million for cash management. The independent directors of the company also expressed their independent opinions on this matter. The matter still needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
1、 Overview of entrusted financial management
1. Purpose of entrusted financial management
In order to improve the use efficiency of the company’s own funds, on the premise of ensuring that the normal production and operation of the company will not be affected, the company and its subsidiaries plan to use some temporarily idle own funds for cash management, improve the use efficiency of the company’s own funds, increase the company’s income and protect the interests of the company’s shareholders.
2. Source of funds
Idle self owned funds of the company.
3. Limit and term
The company plans to use temporarily idle self owned funds up to RMB 150 million for cash management, which will be effective within 12 months from the date of deliberation and approval by the general meeting of shareholders of the company. Within the validity period of the above amount and resolution, the funds can be recycled and used in a rolling manner. After this authorization takes effect, it will cover the previous authorization.
4. Investment varieties
In order to control the risk of capital use, the company plans to invest in financial products with low risk of financial institutions such as banks, securities companies or trust companies, and such cash management products shall not be used for pledge or investment for the purpose of securities investment.
5. Implementation mode
Within the quota and time limit, the management of the company and its subsidiaries are authorized to sign relevant documents, which shall be organized and implemented by the financial department of the company. The authorization period is within 12 months from the date of deliberation and approval of the 2021 annual general meeting of shareholders of the company.
6. Information disclosure
The company will timely perform the obligation of information disclosure in accordance with the provisions of the company law, the securities law, the Listing Rules of Shanghai Stock Exchange and other relevant laws and regulations.
2、 Risk control measures
1. The company will abide by the principle of prudent investment, strictly screen issuers, and select issuers with good credit and strong capital security ability.
2. The Finance Department of the company will timely analyze and track the changes in the net value of products. If the evaluation finds that there are risk factors that may affect the safety of the company’s funds, it will take corresponding measures in time to control the investment risk.
3. The financial department of the company must establish a standing book to manage short-term financial products, establish and improve complete accounting accounts, and do a good job in accounting the use of funds.
4. The Audit Department of the company shall conduct daily supervision on the use of funds and conduct comprehensive inspection on relevant investment products on a regular basis.
5. Independent directors and the board of supervisors have the right to supervise and inspect the use of funds, and can hire professional institutions to audit when necessary.
3、 Information of investment and wealth management trustee
The counterparties of the cash management products to be purchased by the company are financial institutions such as banks, securities companies or trust companies
The risk will be strictly controlled according to the credit status of the trustee. There shall be no relationship between the company and the trustee. 4、 Impact on the company
Unit: Yuan
December 31, 2021 December 31, 2020
(audited) (audited)
Total assets 253217324611199114294826
Total liabilities 6180071793235639707650
Total owner’s equity attributable to the parent company 190838048615163411197687
January 1, 2021 December 2021 January 1, 2020 December 31, 2020 project
(audited) (audited)
Net cash flow from operating activities 1590482758424989716900
1. The company’s use of temporarily idle self owned funds for cash management will not affect the company’s daily funds
The normal turnover needs of the company will not affect the normal development of the company’s main business; At the same time, it can improve the efficiency of fund use
Rate, obtain a certain return on investment, further improve the overall performance level of the company and seek more benefits for the company and shareholders
More return on investment. The company does not have the situation of purchasing large financial products while bearing large liabilities, and will not
It will have a great impact on the company’s main business, financial status, operating results and cash flow in the future.
2. As of December 31, 2021, the monetary capital of the company was 1261677000 yuan, including trading funds
The amount of financing assets is 85.186 million yuan, and the amount of financial products included in other current assets is million yuan. company
The amount of entrusted financial management applied for this time is 150 million yuan, accounting for the monetary capital and Transactional Capital at the end of the latest period
111.37% of the total amount of financial products included in financial assets and other current assets will not be to the public
The company’s future main business, financial status, operating results and cash flow will have a great impact.
3. The company implements the new financial instrument standards, and the changes in the principal and fair value of bank financial products are reflected in the assets
Listed in the balance sheet item “trading financial assets”, the income generated during the period of holding trading financial assets is
The income statement item “income from changes in fair value” is presented, and the income from the disposal of trading financial assets is included in the profit
Table item “investment income” is listed, and the specific results shall be subject to the annual audit results.
5、 Risk tips
In order to control risks, when using idle self owned funds for cash management, the company chooses financial products with low risk to invest in financial institutions such as banks, securities companies or trust companies. The overall risk is controllable, but the financial market is greatly affected by macro-economy, so it is not excluded that the investment is affected by market fluctuations.
6、 Implementation of decision-making procedures and opinions of the board of supervisors and independent directors
On April 7, 2022, the company held the 14th meeting of the second board of directors and the 13th meeting of the second board of supervisors, both of which considered and approved the proposal on using some temporarily idle self owned funds for cash management. In order to improve the use efficiency of the company’s self owned funds, on the premise of ensuring that the normal production and operation of the company will not be affected, The company and its subsidiaries intend to use up to 150 million yuan of temporarily idle self owned funds for cash management, invest in low-risk financial products of financial institutions such as banks, securities companies or trust companies, improve the use efficiency of the company’s self owned funds, increase the company’s income and protect the interests of the company’s shareholders. The service life of the above-mentioned funds shall not exceed 12 months, and the company can use them circularly and continuously within the service life and limit. After this authorization takes effect, the previous authorization will be overwritten. The independent directors have expressed their independent opinions with explicit consent, and the matter needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
1. Opinions of independent directors
The company uses some temporarily idle self owned funds for cash management and invests in low-risk financial products of financial institutions such as banks, securities companies or trust companies, which is conducive to improving the use efficiency of the company’s self owned funds, increasing the company’s income and protecting the interests of the company’s shareholders. Therefore, the independent directors agree to use up to 150 million yuan of temporarily idle self owned funds for cash management without affecting the normal production and operation of the company, for a period of no more than 12 months from the date of deliberation and approval by the 2021 annual general meeting of shareholders. We unanimously agree to the proposal of using some temporary self owned funds for cash management.
2. Opinions of the board of supervisors
On the premise of ensuring that the normal production and operation of the company will not be affected, the company and its subsidiaries use some temporarily idle self owned funds for cash management, which can improve the efficiency of the use of the company’s self owned funds, increase the company’s income and protect the interests of the company’s shareholders. Moreover, the decision-making procedures of this matter comply with the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds of listed companies The self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 1 – standardized operation, the stock listing rules of Shanghai Stock Exchange and other laws and regulations and relevant provisions of the company. Therefore, the board of supervisors agreed that the company and its subsidiaries should use up to 150 million yuan of temporarily idle own funds for cash management.
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: 10000 yuan
No. type of financial product actual investment actual income not yet recovered principal amount
1 structured deposit 5 Shenzhen Fountain Corporation(000005) 00000 44.42-
2 Qianyuan – Huizhong (RI Shen Zhou Redemption) 300.00 300.00 0.87 – open net worth financial products
3 Qianyuan Huizhong (daily subscription and monthly Redemption) open 100.00 100.00 open net worth financial products
CCB financial “Huizhong” (Japan)
4. Shenzhou Redemption) open net worth RMB 100.00 financial products
CCB financial “Huizhong” (Japan)
May Shenyue Redemption) open net worth RMB 200.00 financial products
6. ICBC wealth management · legal person “Tianli 450.00 450.00 0.96 – Bao” net worth wealth management product
7. CCB financial management “tiantianli” is based on 100.00 100.00 0.33 – day open financial products
Total 625 Northeast Electric Development Company Limited(000585) 000 46.58 400.00
The maximum daily investment amount in the last 12 months is 500000
Maximum daily investment amount in the last 12 months / net assets of the last year (%) 2.62
Cumulative income from entrusted financial management in the last 12 months / net profit of the last year (%) 0.15
Currently used financial limit
