Securities code: Jiangsu Bide Science And Technology Co.Ltd(605298) securities abbreviation: Jiangsu Bide Science And Technology Co.Ltd(605298) Announcement No.: 2021009 Jiangsu Bide Science And Technology Co.Ltd(605298)
Announcement on using idle self owned 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 250 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 self owned funds to purchase financial products. The board of supervisors of the company and the independent directors of the company express their explicit consent.
1、 Overview of this entrusted financial management
(I) purpose of entrusted financial management
Through proper financial management of idle self owned 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 its own funds.
(III) cash management amount and term
Idle self owned funds of no more than RMB 250 million (including RMB 250 million) 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. 2、 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, and plans to use temporarily idle self owned 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. 3、 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.
4、 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
（1） Rationality and necessity of entrusted financial management
The company's use of idle self owned 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 normal needs of the company's daily capital turnover and the normal development of the company's main business. The proper and timely cash management through the use of self owned funds is conducive to improving the efficiency of the company's fund use, 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.)
5、 Risk tips
1. In order to control risks, when using idle self owned funds for cash management, the company selects investment products with high security, 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 securities investment. The overall risk is controllable, but the financial market is greatly affected by macro-economy, so it is not excluded that this 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.
6、 Implementation of decision-making procedures and opinions of the board of supervisors and independent directors
(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 using idle self owned funds. The board of supervisors of the company and the independent directors of the company express their explicit consent.
(II) opinions of independent directors
On the premise of ensuring the capital and capital security required for the normal operation of the company, the company uses idle self owned funds with a quota of no more than RMB 250 million to purchase financial products with low risk, high security, good liquidity and an investment period of no more than 12 months, which is conducive to improving the utilization rate of idle self owned funds, obtaining certain investment income and obtaining more returns for the company and shareholders.
The use of some idle self owned funds to purchase financial products has fulfilled the necessary review procedures, which is in line with the relevant provisions of the articles of association. There is no situation that damages the interests of the company and all shareholders, especially small and medium-sized shareholders. It is agreed that the company uses idle self owned funds of no more than RMB 250 million to purchase financial products.
(III) opinions of the board of supervisors
On the premise of ensuring normal operation and capital safety, the company can improve the use efficiency of funds, increase investment income and obtain more return on investment for the company and shareholders by idle its own funds for cash management. The company uses some idle self owned funds for cash management this time. The relevant approval procedures comply with the relevant provisions of laws and regulations, in line with the interests of the company and all shareholders, and there is no damage to the interests of the company and minority shareholders. The board of supervisors agreed that the company and its subsidiaries use idle self owned funds of no more than 250 million yuan (including 250 million yuan) 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
Amount: 10000 yuan
Unrecovered serial number financial product type actual investment amount actual principal actual income
Principal amount
Huatai Securities Co.Ltd(601688) income
1 1,500.00 1,000.00 5.77 500.00
voucher
2 bank certificate of deposit 800000 - 31.17800000
Total 95 Shenzhen Ecobeauty Co.Ltd(000010) 0000 36.94850000
The maximum daily investment amount in the last 12 months is 850000
Maximum daily investment amount in the last 12 months / net assets of the last year (%) 8.77
Cumulative income from entrusted financial management in the last 12 months / net profit of the last year (%) 0.44
The used financial management limit is 850000
Unused financial limit 1650000
Total financial limit 2500000
It is hereby announced.
Jiangsu Bide Science And Technology Co.Ltd(605298) board of directors April 21, 2022
