Stock Code: 603055 securities abbreviation: Zhe Jiang Taihua New Material Co.Ltd(603055) Announcement No.: 2022-009 Zhe Jiang Taihua New Material Co.Ltd(603055)
Announcement on the use of some idle raised funds for time deposits
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 the announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of the contents.
Important content tips:
● entrusted financial management trustee: Industrial And Commercial Bank Of China Limited(601398) Jiaxing Branch
● amount of entrusted financial management: 47 million yuan
● name of entrusted wealth management product: unit time deposit
● term of entrusted financial management: 30 days for 35 million and 60 days for 12 million
● review procedures to be performed: approved by the 15th meeting of the 4th board of directors and the 14th meeting of the 4th board of supervisors of Zhe Jiang Taihua New Material Co.Ltd(603055) (hereinafter referred to as "the company" or " Zhe Jiang Taihua New Material Co.Ltd(603055) "), it is agreed that the company will use the temporarily idle raised funds with a total amount of no more than 60 million yuan for cash management. Within the above limit, the funds can be recycled and rolled, It shall be valid within 12 months from the date of deliberation and approval by the board of directors of the company. The independent directors of the company expressed their independent opinions.
1、 Overview of entrusted financial management
(I) purpose of this entrusted financial management
In order to improve the use efficiency of funds and make rational use of idle raised funds, some temporarily idle raised funds are used for cash management without affecting the construction of raised investment projects and normal business operations of the company, so as to increase the company's income and protect the interests of shareholders of the company.
(II) capital source of this entrusted financial management
1. Source of funds
The source of funds for cash management using idle raised funds is the funds raised by the company's public issuance of convertible corporate bonds in 2021.
2. Basic information of raised funds
With the approval of the reply on approving Zhe Jiang Taihua New Material Co.Ltd(603055) public issuance of convertible corporate bonds (zjxk [2021] No. 2109) of the China Securities Regulatory Commission, the company's public issuance may
6 million convertible corporate bonds (hereinafter referred to as "convertible bonds"), with a face value of 100 yuan each, and the total amount of raised funds
The amount is 600 million yuan, after deducting various issuance expenses of 7.9745 million yuan (excluding tax), the actually raised capital
The net amount is 592025500 yuan. The balance of the above raised funds after deducting the recommendation and underwriting fee has been in 2022
On January 5, it was remitted into the special account for raised funds of convertible bonds established by the company, Zhonghui Certified Public Accountants (special ordinary)
The partnership) verified the availability of the raised funds and issued "Zhonghui kuaiyan [2022] No. 0006"
Verification report on the availability of funds raised by convertible corporate bonds.
The details of the above investment projects with funds raised by convertible bonds are as follows:
Unit: 10000 yuan
No. project name total project investment amount of raised funds to be used
(10000 yuan) (10000 yuan)
1 intelligent annual output of 120000 tons high performance 156100.00 53000.00
Environmental protection nylon fiber project
2. Supplementary working capital 7000.00 7000.00
Total 163100.00 60000.00
(III) basic information of the entrusted financial products
The trustee's product amount is expected to be annualized, and the expected revenue amount is whether the product revenue constitutes a name type name (RMB 10000) rate of return (RMB 10000) term type related party transaction
ICBC fixed term deposit 3500 2.75% 7.44 30 day principal guaranteed income no time deposit of Jiaxing Branch
ICBC fixed term deposit 1200 2.75% 5.10 60 day principal guaranteed income no time deposit of Jiaxing Branch
(IV) the company's internal control over risks related to entrusted financial management
1. Strictly select investment objects, and select those with good reputation, large scale and ability to ensure capital safety and operation
Products with good liquidity and high security issued by banks and other financial institutions with good efficiency and strong capital operation ability.
2. The company will select appropriate financial products according to the company's business arrangement and the investment plan of raised funds
And time limit to ensure that the normal investment of raised funds will not be affected.
3. The financial and accounting department of the company will establish a standing book to manage the purchased products and establish and improve the accounting system
Accounts, and do a good job in the accounting of the use of funds.
4. Independent directors and the board of supervisors have the right to supervise and inspect the use of funds. Internal Audit Department of the company
Evaluate the possible risks and benefits of various investments regularly according to the principle of prudence, and report to the audit committee of the board of directors
Report of the Commission.
5. The company will timely perform the obligation of information disclosure in accordance with the relevant provisions of Shanghai Stock Exchange.
2、 Details of this entrusted financial management
(I) main terms of this time deposit
The company made time deposit at Industrial And Commercial Bank Of China Limited(601398) Jiaxing branch on January 18, 2022. The details are as follows:
Name: fixed deposit of the company
Deposit amount: 35 million, 12 million
Deposit date: January 18, 2022
Value date: January 18, 2022
The deposit term is 30 days for 35 million yuan and 60 days for 12 million yuan
Annualized interest rate 2.75%
Interest settlement method: interest shall be settled with principal
(II) risk control analysis
The company purchases financial products or deposit products with high security and good liquidity from financial institutions with a product term of no more than 12 months and a break even agreement. The investment risk is small and within the company's control; The company shall establish and improve the approval and implementation procedures for purchasing financial products in accordance with the principle of separation of decision-making, implementation and supervision functions, so as to ensure the effective development and standardized operation of cash management matters and the safety of financial funds; Independent directors and the board of supervisors have the right to supervise and inspect the use of funds, and may hire professional institutions to audit when necessary.
3、 Information of entrusted financial management trustee
The counterparty Industrial And Commercial Bank Of China Limited(601398) Jiaxing Branch of the entrusted financial management has no relationship with the company, its holding subsidiaries, its controlling shareholders and actual controllers, such as property rights, business, assets, creditor's rights and debts, personnel, etc.
4、 Impact on the daily operation of the company
As of September 30, 2021, the company's asset liability ratio was 44.85%, with abundant operating cash flow and no
There is a situation of purchasing large financial products while bearing large liabilities. The main financial data of the company in the latest year and another period are as follows:
Unit: Yuan
Project September 30, 2021 December 31, 2020 (Unaudited) (audited)
Total assets 6507689231.94 5453002813.39
Total liabilities 2918547395.96 2450690521.59
Net assets 3589141835.98 3002312291.80
2021 (January September) 2020 (January December)
Net cash flow from operating activities 340964002.49 486297137.94
The use of some temporarily idle raised funds for cash management is to ensure that the raised funds are invested in the project
If it is implemented under the premise of normal operation and ensuring the safety of the raised funds, it will not affect the company's investment projects with the raised funds
Normal construction will not affect the normal development of the company's main business; At the same time, it is conducive to improving the use efficiency of raised funds
Rate, increase capital return and seek more return on investment for the company and shareholders.
5、 Risk tips
The idle raised funds are used for cash management this time. The products to be invested belong to principal guaranteed investment varieties with low risk. However, the financial market is greatly affected by macroeconomic, fiscal and monetary policies, so this investment is not excluded
The risk that the capital may be affected by market fluctuations and cannot achieve the expected return.
6、 Implementation of decision-making procedures and opinions of the board of supervisors, independent directors and recommendation institutions
On January 11, 2022, the company held the 15th meeting of the 4th board of directors and the 4th meeting of the 4th board of supervisors
At the 14th meeting, the proposal on the use of idle raised funds for cash management was considered and adopted, the same as
The company uses temporarily idle raised funds with a total amount of no more than 60 million yuan for cash management
Within the above limit, the funds can be recycled and used in a rolling manner within 12 months from the date of deliberation and approval by the board of directors of the company
Effective. The independent directors of the company expressed their independent opinions on the matter, and the sponsor Citic Securities Company Limited(600030) Co., Ltd
The company has issued verification opinions, which meet the relevant regulatory requirements of China Securities Regulatory Commission and Shanghai Stock Exchange. specific
For details, please refer to the information disclosed by the company on the website of Shanghai Stock Exchange and designated media on January 12, 2022
Announcement on Zhe Jiang Taihua New Material Co.Ltd(603055) using idle raised funds for cash management (Announcement No.: 2022-008). 7、 As of the date of this announcement, the company has used idle raised funds to entrust financial management in the last 12 months
Situation:
Amount: Yuan
No. financial product type actual investment amount actual principal recovered actual income outstanding principal amount
1 bank financial products 18000000.00 18000000.00 65243.84 0
2 bank financial products 18000000.00 18000000.00 59289.18 0
3 bank financial products 18000000.00 18000000.00 55060.27 0
4 bank financial products 17000000.00 17000000.00 54154.59 0
Total 71000000.00 233747.88 0
The maximum daily investment amount in the last 12 months is 18000000.00
Maximum investment amount in a single day in the last 12 months / net assets of the last year (%) 0.60
Cumulative income from entrusted financial management in the last 12 months / net profit of the last year (%)
