Wujin Stainless Steel allocates more idle funds to wealth management products

Jiangsu Wujin Stainless Steel Co., Ltd. has committed 255 million yuan of idle self-owned funds to new wealth management products. This amount represents 9.80% of the company's net assets attributable to shareholders as of its latest audited period, which totaled 2,601.3726 million yuan. The company's total outstanding idle fund wealth management balance is now 430 million yuan, accounting for 16.53% of its net assets attributable to shareholders.

Between March 19, 2025, and the announcement date, the company purchased various wealth management products from institutions including Jiangsu Jiangnan Rural Commercial Bank, CITIC Futures Co., Haitong Futures Co., CITIC Securities Asset Management Co., Shanghai Haitong Securities Asset Management Co., Huaxia Capital Asset Management Co., China Securities Investment Consulting Co., and Shanghai Pudong Development Bank Co. These investments are part of a strategy approved by the board on April 24, 2025, and by shareholders on May 21, 2024, to use up to 800 million yuan of idle funds for wealth management within a one-year period.

The company also reported the redemption of three wealth management products. These include 20 million yuan from Jiangsu Jiangnan Rural Commercial Bank, yielding 3.73 yuan in profit; 100 million yuan from China Construction Bank Wealth Management Co., with a total profit of 622.49 yuan; and 35 million yuan from Jiangsu Jiangnan Rural Commercial Bank, generating 2.17 yuan in profit. All principal amounts were successfully recovered.