Securities code: Zhejiang Sanfer Electric Co.Ltd(605336) securities abbreviation: Zhejiang Sanfer Electric Co.Ltd(605336) Announcement No.: 2022029 Zhejiang Sanfer Electric Co.Ltd(605336)
Special report on the deposit and use of raised funds in 2021
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.
In accordance with the provisions of the guidelines for the supervision of listed companies No. 2 - regulatory requirements for the management and use of raised funds by listed companies, the guidelines for the self discipline supervision of listed companies on Shanghai Stock Exchange No. 1 - standardized operation and relevant format guidelines, the deposit and actual use of raised funds of Zhejiang Sanfer Electric Co.Ltd(605336) (hereinafter referred to as "the company" or "the company") in 2021 are described as follows:
1、 Basic information of raised funds
（1） Actual amount of raised funds and arrival time of funds
Approved by the China Securities Regulatory Commission on August 31, 2020 with the reply on approving Zhejiang Sanfer Electric Co.Ltd(605336) initial public offering of shares (zjxk [2020] No. 2017), the company publicly issued 35.2 million ordinary shares (A shares), with an issue price of 24.29 yuan / share and a total raised capital of 85500800000 yuan, After deducting 6375981174 yuan of listing and issuance expenses (excluding value-added tax), the net amount of raised funds is 79124818826 yuan. The availability of the above raised funds was verified by Ernst & Young Huaming Certified Public Accountants (special general partnership), and the capital verification report (Ernst & Young Huaming (2020) Yan Zi No. 61444050b01) was issued on September 30, 2020.
（2） Use amount and year-end balance of raised funds in this year
As of December 31, 2021, the company invested the raised funds in the projects with the amount of raised funds as
31309239271 yuan, and the balance of raised funds is 49090226956 yuan. As of December 31, 2021, the balance of current deposits in the special account for raised funds is shown in the following table:
Project amount (RMB)
Total raised funds 85500800000
Less: Tax inclusive recommendation and underwriting fees of securities companies 51 Gl Tech Co.Ltd(300480) 00
The total amount of raised funds received is 80370752000
Less: payment for the period from October 1, 2020 to December 31, 2020
The amount including tax issuance expenses is 121 Shanghai Pudong Development Bank Co.Ltd(600000) 0
Less: raised funds invested from October 1, 2020 to December 31, 2020
The amount of the fund-raising project is 3574849226
Plus: hand deducted during the period from October 1, 2020 to December 31, 2020
Interest income from renewal 263162162
On December 31, 2020, the balance of raised funds was 75843064936
Less: 29933174 paid for other issuance expenses including tax in 2021
Less: 12775075151 of self raised funds invested in advance replaced by raised funds
Less: 14959314894 yuan invested in the project of raising funds in 2021
Plus: income from financial products in 2021 (note) 577335784
Plus: interest income deducting handling charges in 2021: 434149455
The balance of raised funds on December 31, 2021 was 49090226956
Note: the company held the 14th meeting of the first board of directors and the 8th meeting of the first board of supervisors on December 12, 2020, deliberated and approved the proposal on using part of the idle raised funds for cash management, and agreed that the company could use part of the idle raised funds up to RMB 350000000000 for cash management for the purchase of high security, good liquidity Investment products that meet the capital preservation requirements (Principal Guaranteed agreed deposits or financial products issued by commercial banks with a period of no more than 12 months) can be used on a rolling basis within the above limit; The resolution shall be valid within 12 months from the date of deliberation and adoption by the board of directors of the company. The recommendation institution of the company Guosen Securities Co.Ltd(002736) issued the verification opinions of Guosen Securities Co.Ltd(002736) on Zhejiang Sanfer Electric Co.Ltd(605336) using some idle raised funds for cash management.
The company held the 11th meeting of the second board of directors and the 10th meeting of the second board of supervisors on December 15, 2021, and deliberated and adopted the proposal on cash management using some idle raised funds, which is consistent with the above proposal; The resolution shall be valid within 12 months from the date of deliberation and adoption by the board of directors of the company. The recommendation institution of the company Guosen Securities Co.Ltd(002736) issued the verification opinions of Guosen Securities Co.Ltd(002736) on Zhejiang Sanfer Electric Co.Ltd(605336) using some idle raised funds for cash management.
Under the authorization of the board of directors, the company purchased the following financial products in 2021:
1) China Construction Bank Corporation(601939) issued "customized unit structured deposit of China Construction Bank Zhejiang branch"
"Money" financial products, with a total amount of RMB 75000000000. As of December 31, 2021, the company has recovered part of the above financial products due, with a total principal and income of RMB 50437808332;
2) Industrial And Commercial Bank Of China Limited(601398) issued "China Industrial And Commercial Bank Of China Limited(601398) linked exchange rate range cumulative corporate RMB structured deposit" financial product, with a total amount of RMB 20000000000.
As of December 31, 2021, the company has recovered some of the above financial products due, with a total principal and income of RMB 10139527452.
As of December 31, 2021, the principal of the financial products that the company has not yet recovered due totaled RMB 350000000000, and the above funds are included in the balance of the special account for raised funds. The company's purchase of financial products does not exceed the amount of investment authorized by the board of directors to use idle raised funds for cash management. The total amount of raised funds invested by the company in 2021 was 27734390045 yuan, of which the amount of self raised funds invested in advance was 12775075151 yuan. As of December 31, 2021, the balance of the special account for raised funds of the company was 49090226956 yuan. 2、 Management of raised funds
In order to standardize the management and use of raised funds and effectively protect the interests of investors, the company, in accordance with the provisions of the company law, the securities law, the guidelines for the supervision of listed companies No. 2 - regulatory requirements for the management and use of raised funds of listed companies, the Listing Rules of Shanghai Stock Exchange, the guidelines for the self discipline supervision of Shanghai Stock Exchange No. 1 - standardized operation and the articles of association, and in combination with the actual situation of the company, The measures for the management of Zhejiang Sanfer Electric Co.Ltd(605336) raised funds (hereinafter referred to as the "measures for the management of raised funds") has been formulated, which has made specific and clear provisions on the storage, use, supervision and management of the company's raised funds. The measures for the administration of raised funds were deliberated and adopted at the 14th meeting of the first board of directors of the company in 2020. Since the raised funds were in place, the company has been storing, using and managing the raised funds in strict accordance with the provisions of the measures for the management of raised funds.
In accordance with the provisions of the above relevant laws and regulations, the company signed the tripartite supervision agreement on the storage of special account for raised funds with China Construction Bank Corporation(601939) Shengzhou sub branch and the sponsor Guosen Securities Co.Ltd(002736) (hereinafter referred to as " Guosen Securities Co.Ltd(002736) ") on September 18, 2020; On September 21, 2020, the company signed the tripartite supervision agreement on the storage of special account for raised funds with Industrial And Commercial Bank Of China Limited(601398) Shengzhou sub branch and Guosen Securities Co.Ltd(002736) Shengzhou sub branch.
There is no significant difference between the above three-party supervision agreement on the special account storage of raised funds and the model three-party supervision agreement of Shanghai Stock Exchange. The company has strictly complied with the use of raised funds, so as to facilitate the management and use of raised funds and supervise their use, so as to ensure the special use of funds.
In accordance with the provisions of the measures for the administration of raised funds, the company has opened a special account for raised funds. As of December 31, 2021, the storage of raised funds in the special account of each bank is shown in the following table:
Unit: RMB
Account nature balance of deposit bank
China Construction Bank Corporation(601939) Shengzhou sub branch 330501654609188888 current deposit 8064191078
China Construction Bank Corporation(601939) Shengzhou sub branch 330501654609188888 financial products 25000000000
Industrial And Commercial Bank Of China Limited(601398) Shengzhou sub branch 1211026129101777777 current deposit 2423323215
Industrial And Commercial Bank Of China Limited(601398) Shengzhou sub branch 1211026129101777777 financial products 3000000000
Industrial And Commercial Bank Of China Limited(601398) Shengzhou sub branch 1211026129178888888 current deposit 3602712663
Industrial And Commercial Bank Of China Limited(601398) Shengzhou sub branch 1211026129178888888 financial products 7000000000
Total 49090226956
3、 Actual use of raised funds this year
(I) use of funds for investment projects with raised funds
As of December 31, 2021, the actual use of the raised funds of the company is shown in "Schedule 1: comparison table of the use of raised funds".
(II) advance investment and replacement of investment projects with raised funds
After the deliberation and approval of the fourth meeting of the first board of directors held on July 10, 2018 and the approval of the third extraordinary general meeting of shareholders held on July 26, 2018, the funds raised by the company's public offering of shares will be used to invest in the following projects after deducting the issuance expenses:
No. project name total budget investment amount of raised capital investment (RMB 10000) (RMB 10000)
In one year, 400000 intelligent high-efficiency and energy-saving 9710 Guangzhou Hengyun Enterprises Holdings Ltd(000531) 2482 integrated stove industrialization demonstration projects will be added
2. Marketing network construction project 20141671500000
11000 high-end kitchen production line
Total 130891057912482
On January 5, 2021, the first meeting of the second board of directors of the company deliberated and approved the proposal on using the raised funds to replace the self raised funds invested in the raised investment projects in advance. The total amount of self raised funds invested in advance by the company with the raised funds was RMB 1277508 million.
The specific conditions of replacing self raised funds with raised funds in advance are as follows:
No. project name investment amount of raised funds this replacement amount (RMB 10000) (RMB 10000)
400000 intelligent, high-efficiency and energy-saving units were added in one year 1081232
