Our financial assets at fair value through profit or loss then increased significantly to RMB1,606.2 million as of September 30, 2024.
Financial Information · 第 349 页
During the Track Record Period, our wealth management products primarily include wealth management products with maturity period within one year that we purchased from various national and rural commercial banks in China without guaranteed returns.
Financial Information · 第 349 页
In assessing the wealth management products, we apply a number of standards, including (i) investment in high risk products are prohibited; (ii) the primary objectives of investment activities focus on minimizing the financial risks by reasonably and conservatively matching the maturities of the portfolio to anticipated operating cash needs, while generating desirable investment returns for the benefits of our Shareholders; (iii) the proposed investment must not interfere with our business operations or capital expenditures; and (iv) the wealth management products should be issued by a reputable bank.
Our financial assets at fair value through profit or loss decreased from RMB272.8 million as of December 31, 2021 to RMB1.3 million as of December 31, 2022, as we redeemed the cash management products to satisfy the capital needs for our Reorganization in 2022.
Financial Information · 第 300 页
We form our portfolio of financial assets with the view of achieving (i) a relatively low level of risk, (ii) good liquidity and (iii) an enhanced yield.
Financial Information · 第 300 页
We have also established internal policy to safeguard our exposure to investment risks in connection with the purchase of cash management products and structured deposits.
脑动极光医疗科技有限公司BrainAurora Medical Technology Limited06681.HK
曾持理财及结构性存款2.29亿元
Financial assets at FVTPL primarily consists of short-term Level II structured deposits and wealth management products we purchased from reputable commercial banks in China.
Financial Information · 第 459 页
Our financial assets at fair value through profit or loss decreased from RMB228.8 million as of December 31, 2022 to nil as of December 31, 2023 and remained nil as of June 30, 2024, primarily due to the complete disposal of financial assets at FVTPL in 2023.
Financial Information · 第 459 页
We have adopted the Financial Internal Control Policy which prohibits investments in financial management or investment portfolios with a maturity of more than 12 months and that we will only make low-risk investments.
Our financial assets at FVPL decreased from RMB1,000.2 million as of December 31, 2021 to RMB658.9 million as of December 31, 2022, and subsequently decreased to RMB20.1 million as of December 31, 2023, primarily because the majority of the wealth management products were redeemed upon maturity.
Financial Information · 第 417 页
As of June 30, 2024, we had financial assets at FVOCI of RMB201.5 million, which primarily consisted of negotiable certificate of deposits with banks in the PRC which were principal protected for fund management purposes.
Financial Information · 第 417 页
Our investment policy in relation to the purchase of such financial assets is to monitor our level of idle cash and bank balances and, based on the working capital required at the relevant time, utilize such idle cash to increase the return.
As of December 31, 2021, 2022 and 2023 and June 30, 2024, we had cash and cash equivalents of RMB272.8 million, RMB243.8 million, RMB197.9 million and RMB220.1 million, respectively, and financial assets at FVPL of RMB135.2 million, RMB44.6 million, RMB210.6 million and RMB120.9 million, respectively.
Business · 第 303 页
We had net fair value gains on financial assets at FVPL, which were primarily in relation to our investments in structured deposits and wealth management products, of RMB2.7 million, RMB8.1 million, RMB3.8 million, RMB1.4 million and RMB2.4 million in 2021, 2022 and 2023 and the six months ended June 30, 2023 and 2024, respectively.
Financial Information · 第 393 页
Our net other gains decreased by 78.9% from RMB6.3 million in 2022 to RMB1.3 million in 2023, primarily due to a decrease in net fair value gains on financial assets at FVPL in relation to our investments in structured deposits and wealth management products.
小菜园国际控股有限公司XIAOCAIYUAN INTERNATIONAL HOLDING LTD.00999.HK
投资银行理财产品按公允价值计量
Our financial assets at FVPL were RMB19.5 million as of December 31, 2021 and RMB5.0 million as of December 31, 2022, representing the balance of two different wealth management products we invested in with a short term of one year. Our financial assets at FVPL were nil as of December 31, 2023, because we redeemed all of our short-term wealth management investments in 2023. Our financial assets at FVPL increased to RMB225.6 million as of August 31, 2024, primarily due to our purchase of wealth management products in 2024.
Financial Information · 第 293 页
We intend to continue to invest in low-risk wealth management products and we will ensure that all such investments comply with the applicable laws and regulations, including the relevant requirements under Chapter 14 of the Listing Rules after the Listing.
The current portion of our financial assets at fair value through profit or loss amounted to RMB10.4 billion, RMB7.4 billion, RMB6.8 billion and RMB18.0 billion as of December 31, 2021, 2022 and 2023 and June 30, 2024, respectively, primarily reflecting the changes in our structured deposits.
Financial Information · 第 406 页
The non-current portion of our financial assets at fair value through other comprehensive income further increased to RMB9.5 billion as of December 31, 2023, primarily attributable to the increase in our listed equity investments, at fair value, from RMB158.9 million as of December 31, 2022 to RMB2.4 billion as of December 31, 2023, mainly reflecting our investment in J&T Global Express Limited.
Financial Information · 第 405 页
Based on the above procedures, our Directors are of the view that the level 3 fair value measurement of our financial assets is fair and reasonable and our financial statements are properly prepared.
We recorded financial assets at fair value through profit or loss of RMB111.3 million, RMB98.3 million, RMB187.5 million and RMB116.9 million as of December 31, 2021, 2022, 2023 and May 31, 2024, respectively.
Financial Information · 第 410 页
Our current investments are principal-guaranteed wealth management products.
Financial Information · 第 410 页
Upon the Listing, our investment in wealth management products is subject to the compliance with Chapter 14 of the Listing Rules.
Other net income decreased by 22.5% from RMB14.8 million for the five months ended May 31, 2023 to RMB11.4 million for the same period in 2024, primarily due to a decrease in net realized and unrealized gains on investments in financial assets measured at FVPL, mainly resulting from the redemption of wealth management products.
Financial Information · 第 458 页
The decrease was mainly due to a decrease in financial assets, which resulted from the allocation of the funds towards daily operations.
Gain from changes in fair value of financial assets at FVTPL represents gain or loss from our listed and unlisted equity investments in PRC companies, our unlisted fund investment and the wealth management products we purchased.
Financial Information · 第 407 页
The wealth management products were structured deposits with financial institutions with maturities within one year.
Financial Information · 第 407 页
We believe the wealth management products we purchased are of low risks considering their guaranteed minimum returns and short terms.
华润饮料(控股)有限公司China Resources Beverage (Holdings) Company Limited02460.HK
以结构性存款为主的投资收益
In 2021, 2022 and 2023, we derived investment income from financial assets at FVTPL, which mainly represent short-term structured deposits placed with well-established commercial banks in China that are principal-protected with guaranteed minimum returns.
Financial Information · 第 342 页
We strictly abide by our financial management policies, and only invest in products with guaranteed minimum returns and principal protection.
Financial Information · 第 343 页
Our other income decreased by 9.1% from RMB83.9 million in the four months ended April 30, 2023 to RMB76.3 million in the same period of 2024, primarily due to a decrease in the investment income from financial assets at FVTPL, mainly as a result of a decrease in the structured deposits we purchased, which was partially offset by: (i) an increase in interest income resulting from an increased average balance of bank deposits; and (ii) an increase in the government grants.
Our financial assets at fair value through profit or loss primarily consist of our investments in principal non-guaranteed short-term wealth management products issued by commercial banks.
Financial Information · 第 398 页
Our financial assets at fair value through profit or loss increased by 25.2% from RMB40.0 million as of December 31, 2021 to RMB50.1 million as of December 31, 2022, primarily due to our purchase of RMB50.0 million of principal non-guaranteed short-term wealth management products in 2022 and recognition of net fair value gains on financial assets at fair value through profit or loss of RMB0.1 million.
Financial Information · 第 398 页
Our investment strategy related to wealth management products aims to minimize the financial risks by reasonably and conservatively matching the maturities of the portfolio to anticipated operating cash needs.
Our gains primarily consisted of (i) investment income on financial assets at FVTPL, representing realized gains on wealth management products purchased by us; and (ii) fair value gain or loss on financial assets at FVTPL, representing unrealized gains or losses on wealth management products purchased by us.
Financial Information · 第 467 页
partially offset by a decrease in investment income on financial assets at FVTPL of RMB1.6 million mainly due to a decrease in the scale of our investment in wealth management products.
黑芝麻智能国际控股有限公司Black Sesame International Holding Limited02533.HK
持有按公允价值计量的国库债券及货币市场基金
Our financial assets at fair value through profit or loss recorded as current assets amounted to nil, RMB706.5 million, RMB8.2 million and RMB8.3 million as of December 31, 2021, 2022 and 2023 and March 31, 2024, respectively.
Financial Information · 第 384 页
To control our risk exposure, we primarily procure Treasury bonds and money market fund unsecured with variable interest rates.
Our financial assets at fair value through profit or loss primarily consist of the structured notes issued by a PRC securities company.
Financial Information · 第 352 页
Our financial assets at fair value through profit or loss decreased from RMB238.7 million as at 31 December 2021 to nil as at 31 December 2022 and 2023 and 30 April 2024, mainly due to the change in our investment portfolio.
Financial Information · 第 352 页
We primarily invest in wealth management products and time deposit issued by major commercial banks with low risks.
We had financial assets at FVTPL of RMB238.3 million, RMB440.4 million and RMB300.7 million as of December 31, 2021, 2022 and 2023, respectively.
Financial Information · 第 389 页
We recorded fair value losses of financial assets and liabilities at FVTPL of RMB265.5 million, RMB53.5 million and RMB55.9 million in 2021, 2022 and 2023, respectively.
Financial Information · 第 366 页
Investment decisions on wealth management products must be approved by our chief financial officer.
Our unlisted equity instruments and unlisted debt security are measured at fair values based on the valuation performed by an independent professional valuer with fair values being determined based on significant unobservable inputs using valuation techniques.
Financial Information · 第 324 页
Fair value gain or loss on financial assets at FVTPL comprises the fair value gain or loss on our RMB-denominated structured deposits and unlisted debt security.
Financial Information · 第 334 页
(i) a decrease in our fair value gain on financial assets at FVTPL by 53.7% from RMB7.3 million in 2021 to RMB3.4 million in 2022 due to our disposal of certain financial assets as part of our investment decisions;
We had financial assets at fair value through profit or loss of RMB220.3 million, RMB150.7 million and RMB352.8 million as of December 31, 2021, 2022 and 2023, respectively, which represented our wealth management products purchased from a reputable licensed commercial bank in China.
Financial Information · 第 392 页
we mainly make investments in short-term wealth management products with low risk, high liquidity and reasonable returns; and
Financial Information · 第 392 页
Upon Listing, our investment in financial assets at fair value through profit or loss will be subject to compliance with Chapter 14 of the Listing Rules.
The current portion of our financial assets at FVTPL represent wealth management products issued by reputable PRC commercial banks, being structured deposits with terms not exceeding six months.
Financial Information · 第 584 页
We use alternative pricing sources and models utilizing market observable inputs to estimate the fair value, and we classify the valuation techniques that use these inputs as Level 3 of fair value measurement. The current portion of our financial assets at FVTPL was nil, RMB356.4 million and RMB863.4 million as of December 31, 2021, 2022 and 2023, respectively.
Financial Information · 第 584 页
In accordance with the strategy and investment committee charter, the strategy and investment committee is reporting to our Board and directly managed by chairman of the Board.
Shenzhen EDA Group recorded financial assets at fair value through profit or loss of RMB30.2 million as of December 31, 2021, and our Group recorded financial assets at fair value through profit or loss of RMB3.1 million as of December 31, 2022.
Financial Information · 第 383 页
We typically purchase short-term low-risk wealth management products with no fixed maturity term and are redeemable at will.
Financial Information · 第 383 页
Our investment strategy related to wealth management products focuses on minimizing the financial risks by reasonably and conservatively matching the maturities of the portfolio to anticipated operating cash needs, while maximizing the value of our surplus cash through investments at low risk.