Rhombus Electric Control Plans to Utilize 900 Million Yuan in Idle Self-Owned Funds for Cash Management to Improve Capital Utilization Efficiency

MaticHoleFiller

2026-03-22 10:55:46

Abstract generation in progress

Wuhan Lingdian Automotive Electronic Control System Co., Ltd. (Stock Code: 688667, Stock Abbreviation: Lingdian Electronic Control [Rights Protection]) announced on March 17, 2026, that the company’s Ninth Meeting of the Fourth Board of Directors approved the proposal on “Using Idle Own Funds for Cash Management,” agreeing to use up to RMB 900 million of idle own funds for cash management.

The announcement states that the purpose of this cash management is to improve the efficiency of the company’s use of its own funds. Under the premise of ensuring the company’s daily operating capital needs and capital safety, the company will manage idle funds through cash management to increase asset returns and protect shareholders’ interests. The funds will come from the company’s idle own funds, with a validity period of 12 months from the date of board approval, and within the specified limit and period, the funds can be used cyclically and rolled over.

Regarding investment methods, to control risks, the company plans to purchase safe, liquid, and stable investment products issued by financial institutions with legitimate operating qualifications, such as banks, securities firms, and trust companies. The company’s board of directors authorizes the chairman to exercise decision-making power and sign relevant legal documents within the approved limit and duration. Specific implementation will be organized by the company’s finance department.

As for investment risks, the announcement points out that although the company intends to select high-safety, liquid products, there is still a risk that investment returns could be affected by macroeconomic factors, policy changes, market interest rate fluctuations, and other systemic risks. In response, the company will adopt multiple risk control measures, including timely analysis and tracking of the investment direction and project progress of cash management products, and taking protective measures promptly if adverse factors are identified. Independent directors and the Audit Committee of the Board have the right to supervise and inspect the use of funds, and may hire professional agencies for audits if necessary.

The company states that this use of temporarily idle own funds for cash management is conducted under the condition of ensuring sufficient liquidity for normal operations. It is beneficial for improving capital utilization efficiency and reducing financial costs. It will not affect the company’s daily cash flow or the development of its main business, and there is no situation that harms the interests of the company and its shareholders.

Item	Details
Investment Limit	Up to RMB 900 million
Source of Funds	Idle own funds of the company
Investment Products	High-safety, liquid, and stable investment products issued by banks, securities firms, trust companies, and other financial institutions
Investment Period	Within 12 months from the date of board approval, with rolling and cyclic use within the limit
Decision and Implementation	The board authorizes the chairman to decide and sign documents; the finance department is responsible for organizing and implementing
Main Risks	Systemic risks from macroeconomic factors, policy changes, market interest rate fluctuations, etc.
Risk Control Measures	Track product investments and progress, take protective measures promptly; supervised by independent directors and the audit committee

Click to view the original announcement >>

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. All information in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for accuracy. If you have questions, contact biz@staff.sina.com.cn.

Massive information, precise analysis, all on Sina Finance APP

Editor: Xiao Lang Kuai Bao

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.