Our financial assets at fair value through profit or loss decreased from RMB1,467.6 million as of December 31, 2022 to RMB1,070.6 million as of December 31, 2023, and further decreased to RMB824.4 million as of December 31, 2024, mainly due to redemption of wealth management products and structured deposits which were mainly used for purchase of negotiable certificates of deposit.
Financial Information · 第 228 页
During the Track Record Period, we made investments in negotiable certificates of deposit, structured deposits and, to a lesser extent, wealth management products, primarily to generate additional returns on cash reserves, while ensuring liquidity and capital preservation.
Financial Information · 第 229 页
Our debt investments at fair value through other comprehensive income increased from RMB110.9 million as of December 31, 2022 to RMB461.0 million as of December 31, 2023, and further increased to RMB794.3 million as of December 31, 2024, mainly due to our increased purchase of negotiable certificates of deposit.
武汉大众口腔医疗股份有限公司Wuhan Dazhong Dental Medical Co., Ltd.02651.HK
理财产品投资及内部投资政策
As part of our treasury management, during the Track Record Period, we purchased and held several wealth management products issued by several commercial banks and other authorized financial institutions in China, with expected return rates ranging from 1.65% to 4.40% per annum.
Financial Information · 第 345 页
Under our investment policies, we are prohibited from investing in high-risk products and the proposed investment must not interfere with our business operations or capital expenditure.
Our financial assets at fair value through profit or loss during the Track Record Period mainly represented wealth management products, which were structured deposits and debt bonds in nature.
Financial Information · 第 320 页
RMB1,033.2 million as of December 31, 2023 and further increased to RMB3,321.2 million as of December 31, 2024. Such increase during the Track Record Period was primarily due to an increase in wealth management products.
Financial Information · 第 321 页
We primarily invest in short-to-mid-term financial products issued by major commercial banks in Mainland China.
云知声智能科技股份有限公司UNISOUND AI TECHNOLOGY CO., LTD.09678.HK
持有理财产品及未上市AI公司股权投资
The balance of our current financial assets at fair value through profit or loss increased from nil as of December 31, 2022 to RMB69.0 million as of December 31, 2023 as we purchased wealth management products mainly comprising (i) structured deposit of RMB50.0 million with China CITIC Bank, (ii) structured deposit of RMB10.0 million with China Minsheng Bank, and (iii) open-end nonprincipal guaranteed product of RMB9.0 million issues by ICBC.
Financial Information · 第 314 页
We make investments in AI companies in accordance with our business development strategy to establish a presence in the interconnected sectors such as Internet of Vehicles, automotive chips, and IoT, which help us expand the use cases for our products.
Financial Information · 第 313 页
Prior to making any material investments in wealth management products or modifying our existing investment portfolio, the proposal shall be reviewed and approved by our chief executive officer, chief financial officer and financial manager jointly.
We had financial assets at fair value through profit or loss of RMB73.5 million, nil, and RMB19.6 million, respectively, as of December 31, 2022, 2023, and 2024.
Financial Information · 第 404 页
During the Track Record Period, our financial assets at fair value through profit or loss primarily consisted of wealth management products and trust products (including certain structured deposits) issued by commercial banks in China.
Financial Information · 第 404 页
Upon the Listing, if our investment in wealth management products and trust products triggers any compliance obligation under Chapter 14 of the Listing Rules, such investment will be subject to the approval by our Board.
周六福珠宝股份有限公司Zhou Liu Fu Jewellery Co., Ltd.06168.HK
持有银行结构性存款及投资政策
We recorded financial assets at fair value through profit or loss of RMB33.5 million as of December 31, 2024, which represented investment in structured deposit that was issued by banks with expected interest rates of 2.4% per annum.
Financial Information · 第 402 页
We primarily invest in financial products issued by major commercial banks in mainland China with low risks and a short-to-mid-term.
Financial Information · 第 402 页
After Listing, our investments in financial products will be subject to compliance with Chapter 14 of the Listing Rules.
During the Track Record Period, our fair value gains on financial assets at FVTPL represented realized gains on the wealth management products we purchased primarily from commercial banks.
Financial Information · 第 468 页
Our other gains decreased by RMB6.4 million from RMB17.1 million for the year ended December 31, 2023 to RMB10.7 million for the year ended December 31, 2024, primarily due to (i) a decrease in fair value gain on financial assets at FVTPL of RMB3.4 million mainly attributable to the decrease in the average balance of our financial asset at FVTPL in 2024; and
Financial Information · 第 472 页
Our net current asset decreased from RMB743.0 million as of December 31, 2023 to RMB481.9 million as of December 31, 2024, primarily due to a decrease in financial assets at FVTPL of RMB338.5 million.
We recorded RMB109.0 million, RMB22.6 million and RMB6.2 million of financial assets at fair value through profit or loss as of December 31, 2022, 2023 and 2024.
Financial Information · 第 334 页
We engage in derivative transactions to mitigate the risks arising from fluctuations in foreign exchange rates and raw material prices and purchase wealth management products with high liquidity and low risk to increase the return of idle cash and bank balances.
Financial Information · 第 334 页
We endeavor to further reduce risks and enhance compliance associated with investments, by, for example, (i) controlling the amount and scale of investments, (ii) ensuring investments are closely related to our business operations and financial needs and (iii) prohibiting hedging for speculative purposes, among others.
佛山市海天调味食品股份有限公司FOSHAN HAITIAN FLAVOURING AND FOOD COMPANY LTD.03288.HK
理财公允价值变动收益占其他收入净额约九成
Net fair value changes on other financial assets at FVPL | 134,372 | 88.8 | 230,126 | 102.2 | 237,355 | 90.1
Financial Information · 第 284 页
Our other net income increased by 48.9% from RMB151.3 million in 2022 to RMB225.1 million in 2023, primarily due to an increase in net fair value changes on other financial assets at FVPL in 2023.
Financial Information · 第 295 页
Other financial assets at FVPL mainly related to the wealth management products we purchased with commercial banks in China.
新琪安集团股份有限公司Newtrend Group Holding Co., Ltd.02573.HK
往绩期间大额购买按公允价值计量的理财产品
During each of FY2022 and FY2023, we acquired financial assets at FVPL at the amount of approximately RMB236.1 million and RMB105.0 million, respectively.
Financial Information · 第 330 页
As part of our treasury management policy, we have purchased wealth management products as a means to better utilise our cash on hand on a short-term basis.
Financial Information · 第 330 页
the types of investment shall generally be low-risk wealth management products including fixed deposits and investments with fixed investment amounts and/or guaranteed returns;
容大合众(厦门)科技集团股份公司Rongta Technology (Xiamen) Group Co., Ltd.09881.HK
按公允值计量的理财产品及远期合约投资
We recorded financial assets at fair value through profit or loss of RMB56.5 million, RMB11.5 million and RMB22.4 million as at 31 December 2022, 2023 and 2024, respectively.
Financial Information · 第 370 页
As part of our treasury management, we invested in certain low risk wealth management products from reputable banks to better utilise our short-term surplus cash.
Financial Information · 第 370 页
We mainly invest in structured deposits and high-yield deposits from banks, and low-risk central government bonds with banks acting as the intermediary (excluding securities, futures, local government bonds, corporate bonds or other derivatives), which last for less than 12 months.
Our financial assets measured at fair value through profit or loss increased from RMB240.4 million as of December 31, 2022 to RMB369.5 million as of December 31, 2023, and further increased to RMB504.8 million as of December 31, 2024, mainly attributable to the increase in wealth management products as we purchased more wealth management products with surplus cash from operating activities.
Financial Information · 第 414 页
To manage credit risk, we only purchase low-risk wealth management products with our own funds and make short-term investments less than one year.
Financial Information · 第 414 页
Our finance department also monitors and reports the balance of our wealth management products to our chairman of the Board and chief financial officer on a weekly basis.
During the Track Record Period, we purchased certain wealth management products and negotiable certificate of deposits with banks in order to generate reasonable low risk returns.
Financial Information · 第 445 页
Our financial assets at FVPL decreased from RMB263.1 million as of December 31, 2023 to RMB153.7 million as of December 31, 2024, primarily attributable to sales of certain negotiable certificate of deposits in 2024.
Financial Information · 第 445 页
Our Level 3 Financial Assets include wealth management products and banks deposits. We have a team performing valuations for the financial instruments categories into Level 3 of the fair value hierarchy.
We typically invest in low-risk, liquid wealth management products issued by large reputable financial institutions to make better use of our idle cash before their scheduled use in our business operations.
Financial Information · 第 364 页
Our other income and gains increased by 13.6% from RMB1,033.8 million in 2023 to RMB1,174.6 million in 2024, primarily attributable to an RMB126.1 million increase in bank interest income due to increased balance of bank deposits and an RMB88.8 million increase in gain on financial assets at FVTPL primarily due to an increase in the fair value of our equity interest in an investee company.
Financial Information · 第 371 页
These factors were partially offset by (i) an RMB2,661.4 million decrease in financial assets at FVTPL, as we redeemed our relevant investments in wealth management products offered by licensed banks, and (ii) an RMB2,206.6 million decrease in trade and bills receivables, primarily due to our collection of trade and bills receivables.
Our financial assets at FVPL consist of low-risk wealth management products.
Financial Information · 第 299 页
We only invest in wealth management products offered by reputable commercial banks that guarantee the principal amounts of our investments.
Financial Information · 第 305 页
Based on the above procedures, our Directors are of the view that the valuation analysis is fair and reasonable, and our financial statements are properly prepared.
Our financial assets at fair value through profit or loss increased from RMB260.9 million as of December 31, 2022 to RMB431.3 million as of December 31, 2023, and further to RMB948.1 million as of December 31, 2024, primarily due to our increased purchase of wealth management products and structured deposits as we generated more cash from our operating activities in line with our business growth.
Financial Information · 第 285 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 285 页
We have also established a set of internal control measures to safeguard our exposure to investment risks in connection with the purchase of wealth management products and structured deposits.
海南钧达新能源科技股份有限公司Hainan Drinda New Energy Technology Co., Ltd.02865.HK
持有4.302亿元理财产品按第三层次计量
During the Track Record Period, we purchased open-ended and redeemable short-term wealth management products, mainly structured deposits, from reputable financial institutions in China in line with our liquidity management policies.
Financial Information · 第 417 页
Our financial assets at fair value through profit or loss were level 3 financial assets because the inputs used in determining the fair value are not based on observable market data.
Financial Information · 第 417 页
we mainly make investments in short-term wealth management products with low risk, high liquidity and reasonable returns; and
During the Track Record Period, we purchased structured deposits issued by reputable commercial banks in the PRC, with a floating return being paid together with the principal on the maturity date, which were recognized as financial assets at fair value through profit or loss.
Financial Information · 第 460 页
We generally limit our purchases to low-risk and short-term products which are redeemable on demand from reputable commercial banks.
Financial Information · 第 460 页
After Listing, we may continue to purchase low-risk wealth management products with a short maturity period based on our operational needs, strictly in accordance with our internal policies and measures and the requirements under Chapter 14 of the Listing Rules.
江苏正力新能电池技术股份有限公司Jiangsu Zenergy Battery Technologies Group Co., Ltd.03677.HK
2022年末持有11.626亿元理财及结构性存款
We had financial assets measured at fair value through profit or loss of nil, RMB1,162.6 million, nil and nil as of December 31, 2021, 2022, 2023 and 2024, respectively.
Financial Information · 第 447 页
We believe we can make better use of our cash by making appropriate investments in wealth management products of low-to-medium risk, which generate income without interfering with our business operation or capital expenditures.
Our financial assets at fair value through profit or loss primarily represent the wealth management products that we acquired.
Financial Information · 第 342 页
Our financial assets at fair value through profit or loss increased from RMB900.2 million as of December 31, 2021 to RMB1,865.7 million as of December 31, 2022, and from RMB746.0 million as of December 31, 2023 to RMB2,842.6 million as of September 30, 2024, primarily due to increased investments aimed at effectively managing the cash flows generated from our operating activities, which was in line with our business expansion and revenue growth.
Financial Information · 第 343 页
Specifically, we are only allowed by our internal policies and guidelines to invest in wealth management products that carry low risk labels of R1 or R2 level, although these products may not always be principal-protected.