Securities code: 600537 securities abbreviation: Eging Photovoltaic Technology Co.Ltd(600537) Announcement No.: 2020-012 Eging Photovoltaic Technology Co.Ltd(600537)
Announcement on using some idle self owned funds for entrusted financial 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 note: entrusted financial trustee: financial institutions such as banks, securities companies or trust companies. Entrusted financial amount: the maximum balance of entrusted financial products in a single day shall not exceed 1 billion yuan (RMB, the same below). Entrusted financial products: low risk financial products. Entrusted financial period: within 12 months from the date of deliberation and approval by the general meeting of shareholders.
Review procedures performed: on January 17, 2021, Eging Photovoltaic Technology Co.Ltd(600537) (hereinafter referred to as "the company") convened the 10th meeting of the 7th board of directors and the 7th Meeting of the 7th board of supervisors, deliberated and adopted the proposal on using some idle self owned funds for entrusted financial management, and agreed that the company, in order to improve the use efficiency of self owned funds, without affecting the normal operation of the company, During the authorization period, idle self owned funds with a maximum balance of no more than RMB 1 billion per day are used for entrusted financial management. Within the above limit, the funds can be used on a rolling basis. The authorization period shall be within 12 months from the date of deliberation and approval by the general meeting of shareholders. This proposal needs to be submitted to the general meeting of shareholders for deliberation.
1、 Overview of entrusted financial management
(I) purpose of entrusted financial management
In order to improve the use efficiency of the company's funds and make rational use of idle funds, the company plans to use some idle self owned funds to invest in low-risk financial products of financial institutions such as banks, securities companies or trust companies without affecting the normal operation of the company.
(II) source of funds
(III) amount of entrusted financial management
The maximum balance of entrusted financial products in a single day shall not exceed 1 billion yuan. Within this limit, the funds can be used on a rolling basis. (IV) authorization period
The authorization period shall be within 12 months from the date of deliberation and approval by the general meeting of shareholders. At the same time, the chairman or general manager of the company shall be authorized to sign relevant contract documents within the above limit, and the Finance Department of the company shall be authorized to organize the implementation.
(V) the company's internal control over risks related to entrusted financial management
1. The company will select financial institutions with large asset scale and high reputation to carry out financial activities; The company strictly reviews investment products and financial management contracts to ensure the safety of funds.
2. The company will regularly or irregularly pay attention to the relevant situation of entrusted financial management funds. Once any situation that may produce risks is found, the company will take corresponding measures in time to control investment risks.
3. In accordance with relevant laws and regulations, the company has established and improved the special system of fund management, standardized the approval and implementation procedures of entrusted financial management, and ensured the effective development and standardized operation of entrusted financial management.
2、 Basic information of this entrusted financial management
(I) main terms of entrusted financial management contract
Up to now, the company has not signed the entrusted financial management contract related to the above authorization. The company will timely disclose the progress of entrusted financial management in accordance with the requirements of the stock listing rules of Shanghai Stock Exchange.
(II) investment direction of entrusted financial management funds
In order to control risks, the company uses idle self owned funds to invest in low-risk financial products, which are not used for securities investment, and does not buy high-risk financial products with stocks, derivatives and unsecured bonds as investment targets.
(III) risk control analysis
1. The financial products to be purchased by the company belong to low-risk financial products. For the development of entrusted financial management business, the investment category and investment variety will be carefully selected in strict accordance with the entrusted financial management scale approved by the board of directors, and it is strictly prohibited to invest in financial instruments or products explicitly prohibited from investment.
2. The board of directors of the company authorizes the chairman or general manager to sign relevant contract documents within the above limit. The Finance Department of the company is responsible for organizing the implementation, timely analyzing and tracking the investment direction of financial products and the progress of the project. If the evaluation finds that there are risk factors that may affect the safety of the company's funds, it will take corresponding measures in time to control the investment risk. 3. The independent directors of the company have the right to supervise and inspect the use of funds, and can hire professional institutions to audit when necessary.
3、 Impact on the company
The main financial information of the company in the latest year and period is as follows:
Unit: 10000 yuan currency: RMB
December 31, 2020 September 30, 2021
Total assets 750918.10 732742.10
Total liabilities 483804.20 418471.93
Net assets attributable to shareholders of the listed company 267113.90 270195.71
Project 2020 January September 2021
Net cash flow from operating activities: 44359.58 -55605.51
The company does not purchase large financial products while bearing large liabilities. Under the condition of ensuring the capital demand for normal production and operation, the company uses some idle self owned funds to purchase financial products, which is conducive to increasing capital income, better maintaining and increasing the value of the company's funds, and protecting the interests of the company's shareholders. This entrusted financial management will not have a significant impact on the company's future main business, financial status, operating results and cash flow.
Up to now, the maximum amount of the company's use of idle self owned funds to purchase financial products is no more than RMB 1 billion, and the paid amount of idle self owned funds to purchase financial products is RMB 56.1459 million, accounting for 30.78% of the monetary fund balance at the end of the latest period.
According to the new financial instrument standards issued by the Ministry of finance, the company's entrusted financial products are included in the trading financial assets or other current assets in the balance sheet, and the interest income is included in the profit and loss from changes in fair value or investment income in the income statement.
4、 Risk tips
Although the products to be purchased by the company in this entrusted financial management are low-risk products, 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, which will affect the income. Please pay attention to the investment risk.
5、 Implementation of decision-making procedures and opinions of the board of supervisors and independent directors (I) implementation of decision-making procedures
On January 17, 2021, the company held the 10th meeting of the 7th board of directors and the 7th Meeting of the 7th board of supervisors, deliberated and adopted the proposal on using some idle self owned funds for entrusted financial management, and agreed that in order to improve the use efficiency of self owned funds, without affecting the normal operation of the company, During the authorization period, idle self owned funds with a maximum balance of no more than RMB 1 billion per day are used for entrusted financial management. Within the above limit, the funds can be used on a rolling basis.
The authorization period shall be valid within 12 months from the date of deliberation and approval by the general meeting of shareholders. This proposal needs to be submitted to the general meeting of shareholders for deliberation. (II) opinions of the board of supervisors
The board of supervisors believes that the entrusted financial management of idle self owned funds without affecting the normal operation of the company, the matter and its decision-making procedures comply with laws, regulations and relevant provisions of the company, and there is no situation damaging the interests of the company and all shareholders. (III) opinions of independent directors
The independent directors believe that: on the premise of complying with national laws and regulations, ensuring the safety of purchase funds and ensuring that the normal production and operation of the company are not affected, the company uses idle self owned funds to timely purchase financial products with high safety and good liquidity, which is conducive to improving the use efficiency of self owned funds and obtaining certain investment income, which is in line with the interests of the company and all shareholders. There is no situation that damages the interests of the company and all shareholders, especially minority shareholders; The relevant approval procedures shall comply with the relevant provisions of laws and regulations and the articles of association. Therefore, we agree that the company
On the premise of ensuring that it does not affect the normal operation capital demand and capital security, use idle self owned funds of no more than RMB 1 billion (balance) to purchase financial products with high security and good liquidity in a timely manner.
6、 As of the date of this announcement, the company has used its own funds for entrusted financial management in the last 12 months
Amount: 10000 yuan
No. not yet recovered name of financial product actual investment amount actual principal actually recovered actual income
Principal amount
1 structured deposit (60 days) 10000.00 10000.00 52.60
2 structured deposit (180 days) 10000.00 10000.00 159.56
3 structured deposit (90 days) 30000.00 30000.00 236.71
4 structured deposit (180 days) 4640.00 4640.00 78.51
5 structured deposit (180 days) 5000.00 5000.00
6 structured deposit (180 days) 5000.00 5000.00
7 structured deposit (90 days) 5000.00 5000.00
8 structured deposit (180 days) 2000.00 2000.00
9 structured deposit (180 days) 2000.00 2000.00
10 structured deposit (180 days) 3000.00 3000.00
11 structured deposit (180 days) 3000.00 3000.00
12 company's stable profit 21jg6506 (one month) outlets 4200.00 4200.00 10.85
Exclusive (paragraph b)
13 Lido time deposit 7145.90 7145.90
14 structured deposit (180 days) 10000.00 10000.00
15 Bank Of Jiangsu Co.Ltd(600919) "Jubao wealth financing cash 1 3000.00 3000.00 0.78
"No." open net worth financial product
16 Nanyin financial management ririjuxin 1500.00 1500.00 0.54
17 corporate structured deposit 2022 phase 2 6 months of 8000.00 B
18 rich Jiangnan Ruixi series jr1901 structured deposit 3000.00 3000.00
19 rich Jiangnan Ruixi series jr1901 structured deposit of 3000.00
Total 119485.90 63340.00 539.55 56145.90
The maximum investment amount per day in the last 12 months is 30000.00
11.23%
Maximum daily investment amount in the last 12 months / net assets of the last year
