IKD redeems and reinvests idle funds, continues cash management strategy

IKD announced the redemption of idle raised funds totaling RMB 55 million from structured deposit products and their immediate reinvestment in similar products. On September 9, 2025, RMB 55 million from a structured deposit product with Hangzhou Bank Co., Ltd. Ningbo Beilun Branch matured, yielding RMB 29.11 million in income. This follows previous redemptions between December 2024 and March 2025, which generated various returns from similar products.

The company has approved the continued use of idle raised funds for cash management, specifically for purchasing highly secure and liquid products like structured deposits and large-denomination certificates of deposit, up to a maximum of RMB 1 billion. This strategy aims to enhance the efficiency of capital utilization and generate investment returns without affecting the progress of its investment projects funded by raised capital.

IKD's financial position as of June 30, 2025, shows total assets of RMB 1,504,103.68, total liabilities of RMB 614,842.40, and owners' equity attributable to the parent company of RMB 861,813.45. For the first half of 2025, the net cash flow from operating activities was RMB 111,363.46.