Jinli Permanent Magnet plans to use no more than 3 billion yuan of its own funds for cash management.

2026-04-09 22:10:17

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Jiangxi Jinli Permanent Magnet Technology Co., Ltd. (Stock code: 300748, Stock abbreviation: Jinli Permanent Magnet) announced on March 26, 2026, that the company’s 12th meeting of the 4th Board of Directors approved the proposal on “Using Part of Own Funds for Cash Management.” According to this proposal, the company plans to use no more than 3 billion yuan or equivalent foreign currency (including the current amount) of its own funds for cash management under the premise of not affecting normal operations. This limit can be reused within twelve months from the date of approval by the Board.

The announcement shows that the purpose of Jinli Permanent Magnet’s cash management this time is to make reasonable use of temporarily idle funds, increase returns, and obtain better returns for the company and shareholders. The source of funds is the company’s temporarily idle own funds.

Regarding investment varieties, the company plans to select cash management products sold by financial institutions with higher safety, good liquidity, lower risk, and legitimate operating qualifications, including but not limited to bank structured deposits, fixed deposits (excluding acceptance bill margin), large-denomination certificates of deposit (excluding acceptance bill margin), bank wealth management products, brokerage wealth management products, and trust wealth management products.

On the implementation method, the announcement states that within the scope of authorization, the Board has the right to select qualified financial institutions, specify the amount of cash management, investment period, choose investment product types, sign contracts and agreements, etc. The company’s Board authorizes the CEO to exercise the investment decision-making power and sign relevant contractual documents, with the CFO responsible for specific organization and implementation. Meanwhile, the company intends to purchase cash management products from financial institutions with no related-party relationships. This transaction does not constitute a related-party transaction.

Item
Specific Content
—
Investment amount
No more than 3 billion yuan or equivalent foreign currency (including the current amount), with the limit recyclable
Investment varieties
Bank structured deposits, fixed deposits (excluding acceptance bill margin), large-denomination certificates of deposit (excluding acceptance bill margin), bank wealth management products, brokerage wealth management products, trust wealth management products, etc.
Authorization validity period
Within twelve months from the date of approval by the Board
Investment decision and implementation
The Board authorizes the CEO to exercise investment decision-making power and sign relevant documents; the CFO is responsible for specific organization and implementation
Source of funds
The company’s temporarily idle own funds

The announcement also highlights related risks, including market risk, operational risk, and monitoring risk. Although the selected investment products are medium- to low-risk investments, the financial market is greatly affected by macroeconomic factors, and market fluctuations may impact this investment.

To address these risks, Jinli Permanent Magnet will adopt multiple control measures: the management and relevant financial personnel will continuously monitor the investment direction and project progress of bank wealth management products, and take protective measures promptly if adverse factors are found; the audit department will audit and supervise the use and safekeeping of funds in wealth management products, conducting regular comprehensive inspections; independent directors and the audit committee have the right to supervise and inspect the use of funds, and may hire professional agencies for audits if necessary.

The company states that using idle own funds for cash management is conducted under the premise of ensuring fund safety and will not affect normal production and operation. Through moderate financial management, the company aims to improve capital utilization efficiency, gain certain investment returns, and seek more investment returns for shareholders.

The company will fulfill its information disclosure obligations in a timely manner according to the “Guidelines for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange No. 2—Standard Operation of Growth Enterprise Market Listed Companies.” The supporting documents include the resolution of the 12th meeting of the 4th Board of Directors.

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