上海挚达科技发展股份有限公司Shanghai Zhida Technology Development Co., Ltd.02650.HK
曾投资银行理财产品并于上市后停止
As of December 31, 2022, 2023, 2024, and March 31, 2025, our financial assets at fair value through profit or loss was RMB32.0 million, RMB1.5 million, nil and nil, respectively.
Financial Information · 第 422 页
Specifically, we focus on investing in R1-grade bank wealth management products characterized by low risk and high liquidity, which typically offer capital preservation and stable returns.
Financial Information · 第 423 页
After the Listing, we will cease to invest in wealth management products.
Our financial assets at FVTPL increased from RMB236.4 million as of December 31, 2022 to RMB330.8 million as of December 31, 2023, primarily because we purchased new structured deposits to better utilize our idle cash.
Financial Information · 第 418 页
We generally limit our purchases to low-risk and short-term products which are redeemable on demand from reputable commercial banks.
Our other gains and losses consist primarily of (i) gains or losses from changes in fair value of financial assets at FVTPL which consist primarily of our equity investment in an intelligent new energy vehicle manufacturer, (ii) net foreign exchanges gains or losses mainly associated with overseas procurement of certain raw materials and components, (iii) donations primarily comprising those we made to a foundation that promotes open source collaboration and innovation and to a charity organization for flood relief, and (iv) losses on disposal of property, plant and equipment and early termination of lease.
Financial Information · 第 372 页
This decrease was primarily attributable to a decrease in gains from changes in fair value of financial assets at FVTPL of RMB46.1 million, mainly associated with our equity interest in an intelligent new energy vehicle manufacturer.
Financial Information · 第 394 页
(ii) we incurred loss from changes in fair value of financial assets at FVTPL associated with our equity interest in a new energy vehicle manufacturer for the five months ended May 31, 2025, compared to a gain we recognized in 2024.
Other gains and losses mainly comprised of loss on changes in fair value of gold loans, which is the financial liabilities at FVTPL, gain or loss on changes in fair value of financial assets at FVTPL which was derived from financial products in FY2022 and film investment in FY2023, and gain on early termination of leases.
Financial Information · 第 506 页
The increase was mainly due to the loss on changes in fair value of financial assets at FVTPL of RMB2.4 million in FY2023 because the expected return on the investment in a film decreased due to lower box office than expected.
Financial Information · 第 514 页
Valuation for investments in a film project for promoting our brand, which is under level 3 in fair value hierarchy, was based on the discounted cash flow method estimating the fair value of the film investment.
Our financial assets at FVTPL include (i) unlisted equity investments; (ii) listed convertible bonds; and (iii) wealth management products and structured deposits issued by banks in the PRC.
Financial Information · 第 406 页
Our financial assets at FVTPL increased to RMB19,640 million as of December 31, 2024, and then to RMB29,336 million as of March 31, 2025, primarily as a result of our efforts to increase returns of our idle cash and bank balances.
Financial Information · 第 406 页
To monitor and control the potential risks associated with our investment portfolio, we have adopted internal procedures to manage our investment.
Our other income and gains increased by 32.4% from RMB465.6 million for the year ended December 31, 2023 to RMB616.3 million for the year ended December 31, 2024, primarily due to (i) an increase of RMB99.0 million in government grants; (ii) an increase of RMB31.3 million in bank interest income; (iii) the RMB19.1 million in realized gains on derivative financial instruments we recorded in 2024 as we effectively managed foreign exchange risks utilizing forward exchange contracts and other financial derivatives to hedge against potential risks caused by currency fluctuations; and (iv) an increase of RMB13.8 million in fair value gains on financial assets at FVTPL, primarily because we purchased more structured deposits.
Financial Information · 第 330 页
Our other income and gains increased by 22.2% from RMB101.6 million for the three months ended March 31, 2024 to RMB124.2 million for the three months ended March 31, 2025, primarily due to (i) an increase of RMB33.8 million in realized gains on derivative financial instruments along with the fair value changes of our forward foreign exchange contracts; (ii) an increase of RMB10.3 million in government grants; partially offset by a decrease of RMB15.0 million in bank interest income.
Our financial assets at FVTPL decreased from RMB1,792.1 million as of December 31, 2022 to RMB277.1 million as of December 31, 2023, and subsequently decreased to RMB2.1 million as of December 31, 2024 primarily because the majority of the wealth management products were redeemed upon maturity.
Financial Information · 第 341 页
Our investment strategy related to such products focuses 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.
广州银诺医药集团股份有限公司Guangzhou Innogen Pharmaceutical Group Co., Ltd.02591.HK
结构性存款等理财产品规模及投资政策
Our financial assets at fair value through profit or loss decreased from RMB495.1 million as of December 31, 2023 to RMB225.2 million as of December 31, 2024 and further decreased to RMB130.1 million as of May 31, 2025, primarily due to the redemption of our matured wealth management products.
Financial Information · 第 410 页
As part of our treasury management, we invest in certain wealth management products to better utilize excess cash when our cash sufficiently covers our ordinary course of business.
Financial Information · 第 410 页
Specifically, our treasury management policies include, but not limited to that (i) we insist on investing in principal-guaranteed wealth management products such as structured deposits as our fundamental investment guideline; (ii) our finance department is in charge of assessment and purchase of wealth management products after considering the amount of our available funds and future capital needs while ensuring liquidity safety under the principle of maximizing the return on funds; and (iii) an application should be submitted to and approved by the CFO before any purchase of wealth management products.
We purchased structured deposits and wealth management products, which comprise certain short-term or low-risk financial products, from time to time, as a supplemental approach to improve utilization of our cash on hand on a short-term basis.
Financial Information · 第 463 页
In 2023, 2024 and the three months ended March 31, 2024 and 2025, our fair value gains on financial assets at FVTPL amounted to RMB6.4 million, RMB1.7 million, RMB0.4 million and RMB0.4 million, respectively.
Financial Information · 第 463 页
Our fair value gains on financial assets at FVTPL decreased by 73.3% from RMB6.4 million in 2023 to RMB1.7 million in 2024, primarily due to (i) the timing of our purchases of structured deposits and wealth management products in 2024, as the majority of these investments were made in November and December in that year, resulting in lower accrued interests from a shorter holding period; and (ii) a decrease in the rate of return per annum for our structured deposits in 2024.
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;