Securities code: Jiangsu Bide Science And Technology Co.Ltd(605298) securities abbreviation: Jiangsu Bide Science And Technology Co.Ltd(605298) Announcement No.: 2021010 Jiangsu Bide Science And Technology Co.Ltd(605298)
Announcement on using idle raised funds to purchase financial products
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, securities companies and other financial institutions with large scale, strong strength and legal operation qualification
Amount of this entrusted financial management: the amount of funds used shall not exceed RMB 200 million, and the service life shall not exceed one year (including one year) from the date of deliberation and approval by the board of directors. Within the above limit, the funds can be used on a rolling basis.
Term of entrusted financial management: no more than one year (including one year) from the date of deliberation and approval by the board of directors
Review procedures: the company held the fourth meeting of the third board of directors and the fourth meeting of the third board of supervisors on April 20, 2022, and deliberated and adopted the proposal on using idle raised funds to purchase financial products. The board of supervisors, the independent directors and the sponsor China Industrial Securities Co.Ltd(601377) (hereinafter referred to as " China Industrial Securities Co.Ltd(601377) ") express their explicit consent.
1、 Development of entrusted financial management using some idle raised funds in 2021
On April 2, 2021, the 14th meeting of the second board of directors of the company deliberated and approved that the company plans to use the temporarily idle raised funds of no more than 200 million yuan (including 200 million yuan) for cash management without affecting the normal progress of the company's investment plan of raised funds, and the service life is no more than one year (including one year) from the date of deliberation and approval of the board of directors. Within the above-mentioned limit and term, the company can recycle and roll.
130 million yuan.
2、 Overview of this entrusted financial management
(I) purpose of entrusted financial management
By properly managing the idle raised funds, the company can improve the use efficiency of funds and obtain certain investment income, which is conducive to improving the overall performance level of the company and obtaining better investment return for the company and shareholders. (II) source of funds
Idle raised funds.
(III) cash management amount and term
The idle raised funds of no more than 200 million yuan (including 200 million yuan) can be recycled and rolled within the above limit. The service life shall not exceed one year (including one year) from the date of deliberation and approval by the board of directors.
(IV) the company's internal control over risks related to entrusted financial management
The financial department of the company will timely analyze and track the investment direction of financial products and project progress. Once adverse factors are found or judged, corresponding measures will be taken in time to control investment risks. 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. 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、 Details of this entrusted financial management
(I) main terms of entrusted financial management contract and capital investment direction
The company will strictly control risks in accordance with the company law, the securities law, the Listing Rules of Shanghai Stock Exchange and other relevant provisions. It plans to use the temporarily idle raised funds to purchase investment products with high safety, good liquidity and low risk level, and such cash management products shall not be used for pledge or investment for the purpose of securities investment.
(II) risk control analysis
The company will carry out strict risk control on the investment of entrusted financial products, strictly evaluate the income type of products, the qualification of financial institutions, capital liquidity and other aspects, and strictly control the safety of financial funds. 4、 Information of entrusted financial management trustee
The counterparties of financial products purchased by the company are banks, securities companies and other financial institutions with large scale, strong strength and legal business qualification. There is no related relationship or other relationship between the counterparty and the listed company, the controlling shareholder of the listed company, the person acting in concert and the actual controller, such as property rights, business, assets, creditor's rights and debts, personnel, etc.
5、 Impact on the company
Financial data of the company as of December 31, 2021 and 2020:
Unit: 10000 yuan
December 31, 2021 (audited) December 31, 2020 (audited)
Total assets 111543856327311
Total liabilities 1462242984524
Net assets 9692143534278,7
Project: January December 2021 January December 2020
Net cash flow from operating activities 1010080546947
(I) rationality and necessity of entrusted financial management
The company's use of idle raised funds for entrusted financial management is implemented on the premise of ensuring the company's daily operation and capital safety, which will not affect the needs of the company's daily capital turnover and the normal development of the company's main business. Through the use of raised funds, appropriate and timely cash management is conducive to improving the efficiency of the company's use of funds, appropriately increasing the income of cash management, reasonably reducing financial expenses and obtaining more return on investment for shareholders. (II) accounting treatment method and basis of entrusted financial management
The cash management products purchased by the company are calculated through the accounts of "bank deposits" and "trading financial assets", and the income is calculated in the accounts of "financial expenses" and "investment income". (the details shall be subject to the annual audit results.)
6、 Risk tips
1. In order to control risks, when using idle raised funds for cash management, the company selects investment products with high safety, good liquidity and low risk level, and these cash management products shall not be used for pledge, and shall not be used for investment behavior for the purpose of securities investment. 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.
2. The company makes timely and appropriate investment according to the economic situation and changes in the financial market, and the actual income of short-term investment is unpredictable.
7、 Implementation of decision-making procedures and opinions of the board of supervisors, independent directors and recommendation institutions
(I) decision making procedure
The company held the fourth meeting of the third board of directors and the fourth meeting of the third board of supervisors on April 20, 2022, and deliberated and adopted the proposal on cash management with idle raised funds. The board of supervisors of the company and the independent directors of the company express their explicit consent.
(II) opinions of independent directors
The company plans to use temporarily idle raised funds with a limit of no more than 200 million yuan (including 200 million yuan) for cash management, The decision-making procedures for the rolling use of funds within the above quota comply with the relevant provisions of the guidelines for the self discipline supervision of listed companies of Shanghai Stock Exchange No. 1 - standardized operation (revised in 2022) and the guidelines for the supervision of listed companies No. 2 - regulatory requirements for the management and use of raised funds of listed companies (revised in 2022). The company's use of temporarily idle raised funds for cash management this time does not conflict with the construction content of the raised funds investment project, does not affect the normal implementation of the raised funds investment project, does not change the purpose of the raised funds in a disguised manner, does not affect the normal development of the company's main business, and does not damage the interests of the company and all shareholders, especially small and medium-sized shareholders. Therefore, we unanimously agree that the company will use the temporarily idle raised funds with a limit of no more than 200 million yuan (including 200 million yuan) for cash management within one year (including one year) from the date of deliberation and approval by the board of directors.
(III) opinions of the board of supervisors
On the premise of ensuring the funds required by the company's raised investment projects and ensuring the safety of the raised funds, the company timely manages the temporarily idle raised funds, which will not affect the normal turnover needs of the company's daily funds and the normal operation of the raised funds projects, nor affect the normal development of the company's main business, and can improve the use efficiency of the raised funds and obtain certain investment income. Therefore, the board of supervisors of the company agrees that the company will use the temporarily idle raised funds with a limit of no more than 200 million yuan (including 200 million yuan) for cash management within one year (including one year) from the date of deliberation and approval by the board of directors.
(IV) opinions of the recommendation institution
1. As of the issuance date of this verification report, Jiangsu Bide Science And Technology Co.Ltd(605298) used the temporarily idle raised funds for cash management, amounting to 130 million yuan Jiangsu Bide Science And Technology Co.Ltd(605298) the fourth meeting of the third board of directors has considered and approved the implementation of entrusted financial management using some idle raised funds in 2021.
2. The board of directors has made clear that the use of idle funds is in line with the necessary review and approval procedures of the company The requirements of relevant provisions such as the guidelines for the supervision of listed companies No. 2 - regulatory requirements for the management and use of raised funds by listed companies and the guidelines for the self discipline supervision of listed companies on Shanghai Stock Exchange No. 1 - standardized operation;
The relevant commitments of the investment projects with raised funds will not affect the normal progress of the investment projects with raised funds, and there is no situation of changing the investment projects with raised funds in disguise and damaging the interests of shareholders; On the premise of not affecting the normal progress of the investment plan of the raised funds, Jiangsu Bide Science And Technology Co.Ltd(605298) through cash management, it can improve the use efficiency of funds and obtain certain income, which is in line with the interests of Jiangsu Bide Science And Technology Co.Ltd(605298) and all shareholders.
In conclusion, the recommendation institution agrees that Jiangsu Bide Science And Technology Co.Ltd(605298) this time use some temporarily idle raised funds for cash management.
8、 As of the date of this announcement, the company has used the raised funds for entrusted financial management in the past 12 months
Amount: 10000 yuan
Unrecovered serial number financial product type actual investment amount actual principal actual income
Principal amount
1 bank time deposit 36049002804900 164.71800000
China Industrial Securities Co.Ltd(601377) large 500000 - 104.50500000 2
deposit receipt
Total 41049002804900 269.211300000
The maximum daily investment amount in the last 12 months is 1904900
Maximum daily investment amount in the last 12 months / net assets of the last year (%) 19.65
Cumulative income from entrusted financial management in the last 12 months / net profit of the last year (%) 3.17
Currently used financial management limit 1300000
Unused financial limit 700000
Total financial limit: 2000000
It is hereby announced.
Jiangsu Bide Science And Technology Co.Ltd(605298) board of directors April 21, 2022
