Ming Yang Smart Energy re-invests idle funds in short-term deposit

Ming Yang Smart Energy Group Co. announced its latest move in cash management, utilizing idle raised funds to purchase a principal-protected structured deposit product from China Construction Bank, Zhongshan Branch. The company invested 500 million yuan for a 26-day term, with an expected annualized return between 0.65% and 2.2%. This decision follows the approval on July 22, 2025, to manage up to 500 million yuan of idle funds within a 12-month period.

This transaction is part of the company's strategy to improve the efficiency of its raised funds without impacting investment plans. The previously redeemed product, also from China Construction Bank, yielded a profit of 610,400 yuan on a 500 million yuan principal. The company emphasizes that the current product is high-security, liquid, and principal-protected, aligning with its commitment to shareholder interests.

As of the announcement date, Ming Yang Smart Energy Group's total cash management activities over the past 12 months involve a total of 1 billion yuan, with 500 million yuan currently outstanding and a cumulative profit of 610,400 yuan from matured products. The highest single-day investment in the last 12 months was 500 million yuan.