Hong Kong IPO disclosure precedents · 4 companies, 4 items
Disclosure of the group's investment or treasury policy and controls for deploying idle cash into financial products, including changes to cash-management strategy.
During the Track Record Period, we invested in wealth management products from time to time to make better use of our cash.
Financial Information · p. 194
We only invest in wealth management products with low-risk and high-liquidity, such as low-risk asset management and trust products issued by reputable financial institutions.
Financial Information · p. 194
We intend to continue to invest in short-term and low-risk wealth management products and will ensure all such investments comply with the applicable laws and regulations, including the relevant requirements under Chapter 14 of the Listing Rules after the Listing.
As of December 31, 2025, our financial assets at FVPL increased by 151.7% to RMB1,377.5 million, primarily due to the purchase of structured deposits based on our Group's treasury strategy.
Financial Information · p. 234
Our Group has established comprehensive investment policies and strategies for financial assets measured at FVPL with a strong emphasis on capital preservation and alignment with operational needs.
Financial Information · p. 234
A tiered authorization and approval process is strictly enforced, requiring prior approval for all investment decisions.
Our financial assets at fair value through profit or loss increased from nil in 2023 to RMB220.2 million in 2024, and then increased from RMB220.2 million in 2024 to RMB435.0 million in 2025, as a result of the adjustments in our cash management policy with an increase in short-term, low-risk and highly liquid wealth management products.
Financial Information · p. 228
We have implemented internal policies on purchase and management of wealth management products.
As of June 30, 2024, our debt securities investment and SPV investment amounted to RMB32,372.1 million and RMB1,375.7 million, respectively, accounting for 95.8% and 4.1%, respectively, of our net financial investments.
Business · p. 235
As of December 31, 2021, 2022 and 2023 and June 30, 2024, our debt securities investment amounted to RMB21,122.3 million, RMB23,527.2 million, RMB28,961.1 million and RMB32,372.1 million, respectively, accounting for 30.8%, 29.3%, 31.0% and 32.3% of our total assets as of the same respective dates.
Business · p. 236
Our financial investment policy, particularly in the realm of wealth management products, is meticulously crafted and implemented following approval by the Board of Directors as part of our annual development plan for financial market operations.