Securities code: 605228 securities abbreviation: Shentong Technology Group Co.Ltd(605228) Announcement No.: 2022-007 Shentong Technology Group Co.Ltd(605228)
Announcement on using temporarily idle self owned 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:
Cash management trustee: commercial banks, securities companies and other financial institutions.
Authorized entity of cash management: Shentong Technology Group Co.Ltd(605228) (hereinafter referred to as “the company”) and its subsidiaries.
Cash management limit and product type: the company and its subsidiaries intend to use temporarily idle self owned funds with a maximum limit of no more than RMB 400 million (including RMB 400 million, including financial products that have not yet expired purchased by the company and its subsidiaries with their own funds) for cash management, which has high purchase security Investment products that have good liquidity and do not affect the normal operation of the company and its subsidiaries, including but not limited to bank financial products, brokerage financial products and other investment products.
Term of cash management authorization: it shall be valid for one year from the date of deliberation and approval at the fifth meeting of the second board of directors. After the investment quota and authorization take effect, the cash management quota and authorization of the company’s own funds approved at the 14th meeting of the first board of directors will become invalid accordingly.
Review procedures: the company held the fifth meeting of the second board of directors on January 14, 2022, and considered and adopted the proposal on cash management with temporarily idle own funds. Within the scope and validity of the authorized amount, the board of directors of the company authorizes the management of the company to make investment decisions and organize their implementation. The independent directors of the company agreed with this.
1、 Overview of cash management
(I) purpose of cash management
Under the condition of ensuring stable operation and stable financial situation, the company and its subsidiaries use temporarily idle self owned funds for cash management, which is conducive to improving the use efficiency of self owned funds of the company and its subsidiaries, reducing financial costs and further improving the overall income, which is in line with the interests of the company and all shareholders.
(II) source of funds
The funds used by the company and its subsidiaries this time come from temporarily idle self owned funds.
(III) investment amount and term
The company and its subsidiaries intend to use the temporarily idle self owned funds with a maximum amount of no more than RMB 400 million (including RMB 400 million, including the unexpired financial products purchased by the company and its subsidiaries with their own funds) for cash management. The service life is valid for one year from the date of deliberation and approval at the fifth meeting of the second board of directors. Within the validity period of the above quota and resolution, the funds can be recycled and used in a rolling manner.
(IV) variety of financial products
The varieties of investment are investment products with high security, good liquidity and no impact on the normal operation of the company and its subsidiaries, including but not limited to bank financial products, brokerage financial products and other investment products.
(V) implementation mode
Authorize the company’s management to make investment decisions and organize their implementation within the scope and validity of the authorized amount. (VI) internal control of the company and its subsidiaries over risks related to cash management
1. Abide by the principle of prudent investment, strictly select issuers, and select issuers with good reputation and strong capital security ability.
2. According to the progress of self owned capital investment projects, conduct risk assessment on the safety, duration and income of products, and select appropriate investment products, which shall be implemented after being approved by the person in charge of the company’s financial department.
3. The personnel of the company’s capital department shall establish the standing book of financial products, timely analyze and track the net value change and safety status of products, and take effective measures in time to avoid risks and reduce the losses of the company and its subsidiaries if it is found that there are risk factors that may affect the capital safety of the company and its subsidiaries.
4. The company’s independent directors and the board of supervisors have the right to supervise and inspect the use of funds, and may hire professional institutions to conduct special audits when necessary.
2、 Impact on the company
The financial data of the company in the latest year and period are as follows:
Project 2020 / December 31, 2020 January September 2021 / September 30, 2021 (RMB 10000)
Total assets 191673.02 197030.17
Total liabilities 93546.63 54457.08
Net assets attributable to shareholders of the listed company 97962.04 142468.74
Net profit 11786.39 6874.75
Net cash flow from operating activities 23510.93 7845.92
Note: the data of 2020 was audited by Lixin Certified Public Accountants (special general partnership), and the data of the third quarter of 2021 was not audited.
The company and its subsidiaries use some temporarily idle self owned funds for cash management, which will not affect the normal needs of daily capital turnover of the company and its subsidiaries and the normal development of the main business of the company and its subsidiaries. Through appropriate low-risk short-term investment, the company and its subsidiaries take the initiative to manage the idle self owned funds in cash, which can obtain certain investment income, further improve the overall performance level of the company and seek better investment return for the company and shareholders.
According to the new financial instrument standards, the company and its subsidiaries present such financial products in the “trading financial assets” in the balance sheet, and its interest income is included in the “investment income” in the income statement.
3、 Risk tips
Although the products authorized by the board of directors for cash management are investment products with high safety, good liquidity and do not affect the normal operation of the company and its subsidiaries. However, the financial market is greatly affected by the macro-economy. It is not excluded that the investment is affected by income risk, interest rate risk, liquidity risk, policy risk, information transmission risk, force majeure risk and other risks, thus affecting the income. Please make careful decisions and pay attention to preventing investment risks. 4、 Implementation of decision-making procedures and opinions of independent directors
The company held the fifth meeting of the second board of directors on January 14, 2022, deliberated and adopted the proposal on cash management with temporarily idle own funds. Under the condition of ensuring stable operation and stable financial situation, the company and its subsidiaries, Use the temporarily idle self owned funds of no more than RMB 400 million (including RMB 400 million, including the unexpired financial products purchased by the company and its subsidiaries with their own funds) for cash management, and purchase investment products with high security, good liquidity and without affecting the normal operation of the company, including but not limited to bank financial products Financial products and other investment products of securities companies.
The service life is valid for one year from the date of deliberation and adoption at the fifth meeting of the second board of directors. Within the validity period of the above quota and resolution, the funds can be recycled and used in a rolling manner. The board of directors of the company authorizes the management of the company to make investment decisions and organize their implementation.
The independent directors of the company expressed their consent. We believe that on the premise of ensuring that the normal development of the main business of the company and its subsidiaries is not affected and that the working capital demand and risk are controllable, The company and its subsidiaries use no more than RMB 400 million (including RMB 400 million, which includes the unexpired financial products purchased by the company and its subsidiaries with their own funds) to temporarily idle their own funds for cash management and purchase investment products with high security and good liquidity (including but not limited to bank financial products, brokerage financial products and other investment products), It is conducive to improving the efficiency of capital utilization, making rational use of idle funds and increasing the income of the company and its subsidiaries. To sum up, the independent directors unanimously agreed that the company and its subsidiaries use idle funds for cash management. 5、 As of the date of this announcement, the company has used its own funds for entrusted financial management in the last 12 months
Unit: Yuan
Sequence financial product type actual investment amount actual principal recovered actual income not yet recovered amount of this number of gold
1 bank financial products 778135100.00 716935100.00 5083050.26 61200000.00
Total 778135100.00 716935100.00 5083050.26 61200000.00
The maximum daily investment amount in the last 12 months is 265600000.00
Maximum daily investment amount in the last 12 months / net assets of the last year
（%） 27.11
Cumulative income from entrusted financial management in the last 12 months / net profit of the last year (%) 4.31
The used financial management limit is 61200000.00
Unused financial management limit: 338.8 million.00
Total wealth management limit 400000000.00
6、 Documents for future reference
1. Shentong Technology Group Co.Ltd(605228) resolution of the fifth meeting of the second board of directors;
2. Shentong Technology Group Co.Ltd(605228) independent opinions of independent directors on matters related to the fifth meeting of the second board of directors.
It is hereby announced.
Shentong Technology Group Co.Ltd(605228) board of directors January 15, 2022
