Securities code: Huadian Heavy Industries Co.Ltd(601226) securities abbreviation: Huadian Heavy Industries Co.Ltd(601226) Announcement No.: pro 2022015 Huadian Heavy Industries Co.Ltd(601226)
Announcement on using some idle raised 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:
Huadian Heavy Industries Co.Ltd(601226) (hereinafter referred to as "the company") will use the idle raised funds with an amount of no more than 500 million yuan for cash management, and timely use them to purchase cash management products such as bank structured deposits with high safety, good liquidity and guaranteed principal. The term is valid for one year from May 27, 2022, and the investment term of a single cash management product is no more than one year.
The company held the sixth meeting of the Fourth Board of directors on April 21, 2022, and deliberated and adopted the proposal on cash management of some temporarily idle raised funds. In order to maximize the interests of shareholders and improve the use efficiency of idle raised funds, the company plans to carry out cash management for idle raised funds with a maximum amount of no more than 500 million yuan according to the progress arrangement of raised investment projects and capital investment plan, so as to timely purchase funds with high safety, good liquidity and Cash management products such as structured deposits of banks and other financial institutions with breakeven agreements. The above amount of funds can be used on a rolling basis within the validity period, and the general manager of the company is authorized to exercise the decision-making power within the validity period and the above amount.
1、 Overview of cash management with temporarily idle raised funds
(I) purpose of using temporarily idle raised funds for cash management
In order to maximize the interests of shareholders and improve the use efficiency of temporarily idle raised funds, the company plans to conduct cash management of temporarily idle raised funds with a maximum amount of no more than 500 million yuan according to the progress arrangement and capital investment plan of raised investment projects without affecting the construction and use of raised funds, which is mainly used for timely purchase with high safety, good liquidity Cash management products such as structured deposits of banks and other financial institutions with breakeven agreements.
(II) capital source of cash management
1. Source of funds
The maximum amount of cash management this time shall not exceed 500 million yuan, and the fund comes from the temporarily idle raised funds of the company. The above amount of funds can be used on a rolling basis within the validity period, and the general manager of the company is authorized to exercise the decision-making power within the validity period and the above amount.
The amount of cash management with idle raised funds will be effective within one year from May 27, 2022. The investment period of a single cash management product shall not exceed one year.
2. Basic information of raised funds
(1) Basic information
With the approval of China Securities Regulatory Commission (zjxk [2014] No. 1186), the company issued 150 million shares in the initial public offering, with an issue price of 10 yuan per share and a total raised capital of 150 million yuan. After deducting the issuance cost of 54.2 million yuan, the net raised capital was 144.58 million yuan. The availability of the above raised funds has been verified by Daxin Certified Public Accountants (special general partnership), and a capital verification report (daxinyz [2014] No. 100082) was issued on December 2, 2014. The company has adopted a special account for the raised funds.
(2) Investment plan and use of raised funds
The investment plan of the company's raised funds and the details of the balance of raised funds of each raised investment project as of December 31, 2021 are as follows:
Unit: 10000 yuan
Project Name: after the adjustment of the original total investment, the investment in the previous year has raised funds in 2021
Total used amount used amount balance
Huadian Caofeidian heavy industry equipment Co., Ltd
Caofeidian heavy industry equipment manufacturing base phase II 5476 Addsino Co.Ltd(000547) 6 Chang Jiang Shipping Group Phoenix Co.Ltd(000520) 000 0.004956000 project
Huadian Heavy Industries Co.Ltd(601226) material conveying system core production 307520011999941199994 0.00 0.00 0.00 product expansion and supporting projects
Huadian Heavy Industries Co.Ltd(601226) high end steel structure product expansion 2393662 0.00 0.00 0.00 0.00 capacity project
Huadian Heavy Industries Co.Ltd(601226) R & D center construction project 16522001652200 0.001652200
Supplementary engineering project working capital project 186093818609381860938 0.00 0.00
Permanent supplementary working capital 0.0042688684268868 0.00 0.00
Total 14458000144580007849800 0.006608200
In 2021, according to the resolution of the third meeting of the Fourth Board of directors, the company used the idle raised funds of 150 million yuan to supplement the working capital temporarily and used the idle raised funds of 500 million yuan to carry out cash management. The maturity and return date of the above temporary supplementary working capital and cash management funds is before May 27, 2022.
As of December 31, 2021, the balance of raised funds temporarily idle by the company was 66.82 million yuan (excluding interest).
(3) Opening and storage of special account for raised funds
In order to regulate the management and use of the company's raised funds and protect the rights and interests of investors, according to the guidelines for the supervision of listed companies No. 2 - regulatory requirements for the management and use of the raised funds of listed companies, the measures for the administration of the raised funds of listed companies of Shanghai Stock Exchange and other relevant provisions, the company and its sponsor China Merchants Securities Co.Ltd(600999) have signed a joint venture with China Merchants Bank Co.Ltd(600036) Beijing West Third Ring sub branch, Bank Of Beijing Co.Ltd(601169) Huiyuan sub branch China Minsheng Banking Corp.Ltd(600016) the business department of the head office signed the tripartite supervision agreement on the storage of raised funds in the special account.
The opening and storage of the company's special account for raised funds are as follows:
Purpose of account number amount of special account for raised funds (yuan)
China Merchants Bank Co.Ltd(600036) Co., Ltd. Huadian Caofeidian heavy industry equipment Co., Ltd. caosi Beijing West Third Ring sub branch 11090678141091873369380000 phase II project of Feidian heavy industry equipment manufacturing base and supplementary engineering project working capital project
Bank Of Beijing Co.Ltd(601169) Co., Ltd. 2 Ping An Bank Co.Ltd(000001) 7039383896 Shanghai Supezet Engineering Technology Corp.Ltd(688121) 6522000000 Huadian Heavy Industries Co.Ltd(601226) R & D center construction project
Sihuiyuan sub branch
China China Minsheng Banking Corp.Ltd(600016) Co., Ltd. has the 69273523754688620000 capacity expansion and supporting projects of the head office business department of Huadian Heavy Industries Co.Ltd(601226) material conveying system core products Co., Ltd., and the capacity expansion project of Huadian Heavy Industries Co.Ltd(601226) high-end steel structure products
On December 29, 2015, the company, Huadian Heavy Industries Co.Ltd(601226) Machinery Co., Ltd. and the sponsor China Merchants Securities Co.Ltd(600999) signed the four party supervision agreement on the storage of special account for raised funds with China Construction Bank Corporation(601939) Tianjin Beichen sub branch of China. As of December 31, 2021, the storage of each special account for raised funds is as follows:
Purpose of account number amount of special account for raised funds (yuan)
China Merchants Bank Co.Ltd(600036) Co., Ltd. Huadian Caofeidian heavy industry equipment Co., Ltd. caosi Beijing West Third Ring sub branch 110906781410918659496084 phase II project of Feidian heavy industry equipment manufacturing base and supplementary engineering project working capital project
Bank Of Beijing Co.Ltd(601169) Co., Ltd. 2 Ping An Bank Co.Ltd(000001) 7039383896 Shanghai Supezet Engineering Technology Corp.Ltd(688121) 797631375 Huadian Heavy Industries Co.Ltd(601226) R & D center construction project
Sihuiyuan sub branch
Huadian Heavy Industries Co.Ltd(601226) core product of material conveying system China China Minsheng Banking Corp.Ltd(600016) Co., Ltd. has 6927352371778092347 capacity expansion and supporting projects (changed), and capacity expansion project of heavy industry high-end steel structure products of the business department of Huadian Co., Ltd. head office (changed)
China China Construction Bank Corporation(601939) Co., Ltd. has 120501815700 China Vanke Co.Ltd(000002) 1815788.25 Huadian Heavy Industries Co.Ltd(601226) material conveying system core products Co., Ltd. Tianjin Beichen sub branch capacity expansion and supporting projects (changed)
(III) basic information of cash management with temporarily idle raised funds
In order to control risks, the varieties of cash management products need to have the characteristics of high security, good liquidity and breakeven agreement. The annualized rate of return of cash management products is higher than the bank deposit interest rate of the same term. The details are as follows:
1. Principal guaranteed structured deposits issued by banks and other financial institutions
For Principal Guaranteed structured deposits issued by banks and other financial institutions, the product term can be formulated according to the implementation plan of raised investment projects, which is more flexible and can bring benefits while meeting the capital needs of raised investment projects.
2. Other cash management products that meet the requirements of China Securities Regulatory Commission, Shanghai Stock Exchange and other regulatory authorities and the provisions of this proposal.
After signing the agreement on purchasing cash management products with banks and other financial institutions, the company will timely disclose the information of cash management products such as cash management trustee, product type, product name, amount, expected annualized rate of return, expected amount of return, product term, income type, structured arrangement, reference annualized rate of return, expected income, whether it constitutes related party transactions and so on in the form of temporary announcement.
(IV) risk control analysis of the company's use of temporarily idle raised funds for cash management 1. Control security risks
When using the temporarily idle raised funds to purchase cash management products, the company's financial assets department shall conduct prior review and risk assessment, and the purchased cash management products shall meet the capital preservation requirements. In addition, the financial assets Department of the company will track the investment direction and project progress of cash management products purchased by temporarily idle raised funds. If risk factors that may affect the safety of funds are found, corresponding preservation measures will be taken in time to control security risks.
2. Prevent liquidity risk and cash flow risk
The company will select the appropriate types and duration of cash management products according to the progress arrangement of the raised capital investment project and the capital investment plan, so as to ensure that the normal progress of the raised capital investment plan will not be affected. The company's independent directors, the audit committee of the board of directors or the board of supervisors have the right to supervise and inspect the deposit and use of the raised funds, and can hire professional institutions to audit when necessary, and the expenses shall be borne by the company.
2、 Main contents of cash management product contract
After signing the agreement on purchasing cash management products with banks and other financial institutions, the company will timely disclose the product name, product code, product type, currency, scale, product term, contract signing date, start date, maturity date, expected due interest rate, product structure, payment time of principal and income, capital investment direction and other main terms of the agreement in the form of temporary announcement.
3、 Basic information of the trustee
The company shall not be associated with the issuer of cash management products. After signing the basic agreement with the financial institution, the trustee shall disclose the information related to the purchase of products with the bank in a timely manner. If the trustee is not listed, the company will disclose the basic information such as its enterprise name, time of establishment, legal representative, registered capital, main business, major shareholders and actual controllers, whether it is specially designed for trading, main business development, main financial indicators and other operating and financial conditions, and the description of the relationship or other relationships with the company, the controlling shareholders of the company and their persons acting in concert and actual controllers, Due diligence of the board of directors
