Securities code: Suzhou Longjie Special Fiber Co.Ltd(603332) securities abbreviation: Suzhou Longjie Special Fiber Co.Ltd(603332) Announcement No.: 2022019 Suzhou Longjie Special Fiber Co.Ltd(603332)
Announcement on the progress of idle 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: China Construction Bank Corporation(601939) Zhangjiagang Customs Road sub branch
The entrusted financial management amount: 100 million yuan; 100 million yuan
Name of entrusted financial product: China China Construction Bank Corporation(601939) Suzhou branch unit RMB customized structured deposit (3229862020220407025); China China Construction Bank Corporation(601939) Suzhou branch unit RMB customized structured deposit (3229862 Dalian Huarui Heavy Industry Group Co.Ltd(002204) 07026)
Period of entrusted financial management: 184 days; 215 days
Deliberation procedures to be performed: Suzhou Longjie Special Fiber Co.Ltd(603332) (hereinafter referred to as “the company” and ” Suzhou Longjie Special Fiber Co.Ltd(603332) “) held the 9th meeting of the 4th board of directors and the 9th meeting of the 4th board of supervisors on March 1, 2022, deliberated and adopted the proposal on using some idle self owned funds for cash management, It is agreed that the company will use idle self owned funds for cash management within the maximum balance of no more than RMB 60 million per day. The above cash limit and management period can be used within 12 months from the date of deliberation by the board of directors.
For details, please refer to China Securities Journal, Shanghai Securities News, securities times and the website of Shanghai Stock Exchange (www.sse. Com. CN.) published on March 2, 2022 Announcement on using some idle self owned funds for cash management (Announcement No.: 2022008).
1、 Overview of this entrusted financial management
(I) purpose of entrusted financial management: through appropriate and timely cash management of idle self owned funds, we can reduce idle funds and obtain certain investment income, which is conducive to further improve the overall performance level of the company and seek more investment returns for the company and shareholders.
(II) capital source: idle self owned working capital of the company.
(III) basic information of entrusted financial products
Order trustee’s product amount expected annualized expected return no. Name type name (10000 yuan) rate of return amount (10000 yuan)
China China Construction Bank Corporation(601939) Suzhou Branch
China China Construction Bank Corporation(601939) shares RMB customized structure 1.80% – 3.6
1 Limited company Zhangjia bank financial product deposit 100006%-
Gangguan road sub branch (3229862 Dalian Huarui Heavy Industry Group Co.Ltd(002204) 070)
25）
China China Construction Bank Corporation(601939) Suzhou Branch
China China Construction Bank Corporation(601939) shares RMB customized structure 1.80% – 3.6
2 limited company financial product deposits of Zhangjia bank 100006%-
Gangguan road sub branch (3229862 Dalian Huarui Heavy Industry Group Co.Ltd(002204) 070)
26）
Sequence product revenue structure refers to whether the annualized expected revenue constitutes No. term type arrangement rate of return (if any) related party transactions
Breakeven floating income
1 184 day structured deposit – no product
Breakeven floating income
2 215 day structured deposit – no product
(IV) the company’s internal control over risks related to entrusted financial management
The company will strictly comply with the relevant laws and regulations such as the Listing Rules of Shanghai Stock Exchange and the company
Handle relevant cash management business in accordance with the articles of Association; The company will timely analyze and track the operation of cash investment products,
If adverse factors are found or judged, corresponding measures will be taken in time to control investment risks; Independent director and supervisor
The board of directors has the right to supervise and inspect the use of funds and cash management of the company; The company will be based on Shanghai Securities
Fulfill the obligation of information disclosure in time according to the relevant provisions of the exchange.
2、 Details of this entrusted financial management
(I) main terms of entrusted financial management contract
Serial number 1 2
Product name China China Construction Bank Corporation(601939) Suzhou branch unit person China China Construction Bank Corporation(601939) Suzhou branch unit person
RMB customized structured deposit RMB customized structured deposit
Product income type breakeven floating income breakeven floating income
Product code 3229862 Shanghai Kehua Bio-Engineering Co.Ltd(002022) 04070253229862 Shanghai Kehua Bio-Engineering Co.Ltd(002022) 0407026
Value date April 7, 2022 April 7, 2022
Maturity date: October 8, 2022 November 8, 2022
The calculation period of product revenue is 184 days and 215 days
The estimated annualized rate of return is 1.80% – 3.66%
(II) investment direction of entrusted financial management funds
China Construction Bank Corporation(601939) Zhangjiagang Customs Road sub branch (China China Construction Bank Corporation(601939) Suzhou branch unit RMB customized structured deposit): the principal part is included in the unified management of China China Construction Bank Corporation(601939) internal funds, the income part is invested in financial derivatives, and the product income is linked to the performance of financial derivatives.
(III) risk control analysis
The trustee is a financial institution that can provide capital preservation commitment. The products purchased are structural deposits with high security and good liquidity, and the trustee has capital preservation agreement, and these investment products are not used for pledge.
The company will handle relevant cash management business in strict accordance with relevant laws and regulations such as the Listing Rules of Shanghai Stock Exchange and the articles of Association; The company will timely analyze and track the operation of cash investment products. If adverse factors are found or judged, the company will timely take corresponding measures to control investment risks; Independent directors and the board of supervisors have the right to supervise and inspect the use of funds and cash management of the company; The company will timely perform the obligation of information disclosure in accordance with the relevant provisions of Shanghai Stock Exchange.
3、 Information of entrusted financial management trustee
The entrusted party of this entrusted financial management:
China Construction Bank Corporation(601939) (handled by Zhangjiagang Customs Road sub branch), a listed company of Shanghai Stock Exchange (securities code: Industrial And Commercial Bank Of China Limited(601398) ), has no relationship with the company, its controlling shareholders, persons acting in concert and actual controllers.
4、 Impact on the company
The financial situation of the company in the latest year and period is as follows:
Unit: yuan currency: RMB
December 31, 2020 September 30, 2021
Total assets 148562772563160230459391
Total liabilities 1492408842625157038569
Project: January December 2020 January September 2021
Net profit attributable to shareholders of listed company 35805282403218806685
Net cash flow from operating activities 160626725358564803852
On the premise of ensuring the daily operation and capital safety of the company, the company uses its own funds for cash management. There is no case of purchasing large financial products while bearing large liabilities, which will not affect the normal needs of the company’s daily capital turnover and the normal development of the company’s main business. Appropriate and timely cash management of idle self owned funds can reduce idle funds and obtain certain investment income, which is conducive to further improve the overall performance level of the company and seek more investment returns for the company and shareholders.
The company’s entrusted financial management payment amount is 200 million yuan, accounting for 75.52% of the monetary capital 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.
5、 Risk tips
The investment products involved in the company’s entrusted financial management with idle self owned funds this time are financial products with controllable risks issued by financial institutions, and the income may fluctuate due to the impact of macro-economy. The issuer of financial products has indicated the risks faced by the products, including income risk, interest rate risk, liquidity risk, policy risk, force majeure risk, etc.
6、 Implementation of decision-making procedures
The company held the 9th meeting of the 4th board of directors and the 9th meeting of the 4th board of supervisors on March 1, 2022, deliberated and approved the proposal on using some idle self owned funds for cash management, and agreed that the company would use idle self owned funds for cash management within the range of the maximum balance of no more than RMB 60 million per day. The above cash management period is 12 months from the date of deliberation and approval by the board of directors. Within the scope and period of the limit, the funds can be recycled and used.
For details, please refer to China Securities Journal, Shanghai Securities News, securities times and the website of Shanghai Stock Exchange (www.sse. Com. CN.) published on March 2, 2022 Announcement on using some idle self owned funds for cash management (Announcement No.: 2022008).
7、 As of the date of this announcement, the company has used its own funds to entrust financial management in the last 12 months
Amount: RMB 10000
No. financial product type actual investment amount actual principal recovered actual income outstanding principal amount
1 China China Construction Bank Corporation(601939) 7000 408.65 0
Open principal guaranteed financial products
2 Jiangsu Zhangjiagang rural commercial bank 500082.07 0
Breakeven floating income financial products
3 Zhangjiagang, Jiangsu
