宁波联合集团股份有限公司关于使用暂时闲置自有资金开展国债逆回购、结构性存款业务的公告详细解读

一、公告要点梳理

• 投资种类： 上海证券交易所、深圳证券交易所挂牌交易的国债逆回购产品，以及金融机构发行的结构性存款。
• 投资金额及期限： 最高不超过4亿元人民币（含），在前述额度内的资金可自董事会审议通过之日起12个月内滚动使用。
• 已履行的审议程序： 本事项已于2026年4月9-10日召开的公司第十一届董事会第四次会议审议通过，无需提交股东大会审议。
• 资金来源： 全部为公司及控股子公司的自有资金，不涉及募集资金，不影响公司正常经营。
• 投资目的： 提高资金使用效率，增加收益，在保证流动性和风险可控前提下创造更大价值。
• 投资方式： 国债逆回购通过证券交易系统投资交易，结构性存款与审慎选定的商业银行合作认购。
• 投资期限： 自董事会审议通过之日起12个月内。
• 风险提示： 虽为安全性高的产品，但受市场、利率、宏观经济等影响，收益存在波动。

二、对投资者和股东的重要影响

• 资金流动性和安全性： 该方案明确仅使用“暂时闲置自有资金”，不影响生产经营和主营业务资金需求，确保公司运营稳定。同时采取严格的内部审计、投资审批和流程管理，极大降低了投资风险。
• 提升投资回报： 通过国债逆回购和结构性存款，理论上将提升公司整体资金利用效率和短期投资回报率，在当前经济和市场环境下有助于为公司和股东创造更多价值，提高现金资产的收益性。
• 信息披露与合规： 公司承诺将严格依据财政部相关会计准则进行会计核算和列报，按证监会和上交所信息披露规则履行披露义务，保障信息透明和股东知情权。
• 董事会授权机制： 在额度和期限范围内，公司董事会授权董事长行使具体投资决策权，提高投资响应速度，优化资金管理。
• 潜在价格敏感信息： 此举有望提升公司短期内的非主营业务投资收益，改善财务状况，若相关投资收益显著高于市场平均水平，有可能对公司净利润和股价产生积极影响。需要提示，投资收益仍受市场利率波动、经济环境等多因素影响，存在一定不确定性。

三、风险控制措施详解

• 公司已制定《委托理财管理制度》，明确投资审批权限和流程，对投资产品进行台账跟踪管理。
• 财务部、投资管理部负责具体投资操作，审计部门则对投资决策权限、流程及资金使用进行审计监督。
• 董事会审计委员会有权对投资情况进行监督与检查，确保投资行为合规。

四、总结与投资者建议

宁波联合本次使用不超过4亿元暂时闲置自有资金进行国债逆回购和结构性存款投资，属于低风险、流动性强的资金管理行为，符合公司稳健经营和提升资金利用效率的需求。对于希望公司提升资金回报率、优化资产配置的投资者而言，此举无疑是积极信号。但需注意，金融市场波动和宏观经济变动仍可能影响实际收益，建议投资者持续关注公司后续信息披露，理性判断投资风险与机会。

五、后续披露安排

公司承诺将根据相关法规及时披露投资进展和收益情况，提醒广大投资者关注后续公告，注意投资风险。

免责声明： 本文仅为根据公司公告整理的新闻解读，不构成任何投资建议。投资者据此操作，风险自负。

English Version

Detailed Analysis: Ningbo United Group Co., Ltd. Plans to Invest in Treasury Reverse Repo and Structured Deposits with Idle Funds

1. Key Points in the Announcement

• Investment Type: Treasury reverse repo products traded on the Shanghai and Shenzhen Stock Exchanges, and structured deposits issued by financial institutions.
• Investment Amount & Term: Up to RMB 400 million (inclusive), funds can be used on a rolling basis within 12 months from board approval.
• Approval Process: Approved at the 4th meeting of the 11th Board of Directors on April 9-10, 2026; no need for shareholder meeting approval.
• Funding Source: All from the company’s and subsidiaries’ own idle funds, not involving raised funds; will not affect normal operations.
• Investment Purpose: To improve capital utilization efficiency, increase returns, and create more value for the company and all shareholders while maintaining liquidity and manageable risks.
• Investment Method: Treasury reverse repos to be transacted through the securities trading system; structured deposits to be subscribed in cooperation with carefully selected commercial banks.
• Investment Period: 12 months from board approval.
• Risk Warning: Although these are low-risk products, returns may still fluctuate due to market, interest rate, and macroeconomic changes.

2. Key Information for Shareholders and Potential Share Price Impact

• Liquidity & Safety: This plan only uses idle funds and ensures no impact on production, operations, or main business capital needs. Internal audit and strict investment approval processes greatly reduce risk.
• Potential Return Enhancement: By using idle funds for low-risk investments, the company expects to boost overall capital utilization efficiency and short-term returns, which may improve overall profitability and create shareholder value.
• Disclosure & Compliance: The company will perform accounting and disclosure in accordance with national accounting standards and Shanghai Stock Exchange rules, ensuring transparency and shareholder rights.
• Board Authorization: The Board has authorized the Chairman to make specific investment decisions within the approved cap and term, improving responsiveness and capital management efficiency.
• Potential Price Sensitive Information: This move may increase non-operating investment income and improve financials in the short term. If actual returns exceed market average, it could positively impact net profit and share price. However, returns are still subject to market and macroeconomic uncertainties.

3. Risk Control Measures Explained

• The company has established a “Entrusted Wealth Management Internal Control System” with clear investment approval and management processes, and maintains a ledger for investment tracking.
• The Finance and Investment Management departments are responsible for executions, while the Audit department supervises investment decisions and fund use.
• The Board Audit Committee supervises and inspects the investment activities to ensure compliance.

4. Summary & Investor Suggestions

Ningbo United’s plan to use up to RMB 400 million of temporarily idle funds for treasury reverse repo and structured deposit investments is a prudent, low-risk move to enhance fund utilization efficiency. For investors looking for improved capital returns and optimized asset allocation, this is a positive signal. However, actual returns remain subject to market and economic fluctuations. Investors are advised to follow subsequent disclosures and assess risks and opportunities rationally.

5. Future Disclosure Arrangements

The company commits to timely disclosure of progress and returns according to regulations, and reminds investors to pay attention to follow-up announcements and investment risks.

Disclaimer: This article is a news interpretation based on the company’s announcement and does not constitute investment advice. Investors act at their own risk.

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