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.
As of December 31, 2024, our financial assets at FVTPL were RMB130.9 million, representing the unlisted investments issued by a private equity fund in Hong Kong SAR.
Financial Information · 第 372 页
However, as the principal or return of investment in such private equity fund is not guaranteed, we may incur losses from such investment.
Financial Information · 第 372 页
As part of our investment strategy, we will make investments in equity interests, debts, funds and wealth management products in accordance with applicable laws and regulations and our development strategies, and at the same time carefully control investment risks.
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.
During the Track Record Period, we had certain financial assets categorized within Level 3 fair value measurement, which included the fair value of investment in private equity fund.
Financial Information · 第 500 页
For the year ended December 31, 2024, we recognized a fair value loss of US$0.25 million on the investment in preference shares.
Financial Information · 第 550 页
To enhance our ability to monitor and manage the investment risks associated with Level 3 financial assets and similar investments, we have implemented an internal investment policy that serves as a guiding framework for our strategic investment decisions.
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.
江苏宏信超市连锁股份有限公司JIANGSU HORIZON CHAIN SUPERMARKET COMPANY LIMITED02625.HK
持有江都农商行股权按第三层次公允价值计量
For unlisted equity securities, they represented our investment in unlisted equity interest in Jiangsu Jiangdu Rural Commercial Bank Co., Ltd.* (江蘇江都農村商業銀行股份有限公司), which is a bank which is principally engaged in offering banking services to individuals and enterprises.
Financial Information · 第 445 页
We measured the fair value of our investment in unlisted equity interest at the end of each reporting period using valuation multiples, adjusted for changing trend of medium market multiples of comparable companies.
Financial Information · 第 445 页
According to our Group’s short-term investment policies, the short-term investments are to better utilise our temporary surplus funds by investing in low-risk financial products including structured deposits and wealth management products without affecting the funds needed for our normal business operations.
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.
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.
For our risk management purpose, our Group will only invest in principal guaranteed wealth management products issued by major commercial banks in the PRC.
Financial Information · 第 455 页
Having considered the work done by our Directors, the Reporting Accountant and the Valuer and the relevant due diligence conducted as stated above, nothing has come to the Sole Sponsor’s attention that would cause the Sole Sponsor to cast doubts on the valuation of the Level 3 Financial Assets.
宜宾市商业银行股份有限公司YIBIN CITY COMMERCIAL BANK CO., LTD02596.HK
金融投资规模重大并披露投资政策与风险管控
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 · 第 235 页
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 · 第 236 页
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.
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.