Xiamen Tungsten redeems cash management funds, generating over 40 million yuan

Xiamen Tungsten Company Limited announced the redemption of idle raised funds invested in cash management products, generating a total of 40,239,906.30 yuan in principal and earnings. This follows a December 30, 2024, resolution to utilize up to 2.2 billion yuan of idle raised funds for cash management, investing in safe and liquid products with maturities not exceeding 12 months.

The redeemed products include "7-Day Notice Deposits" and "RMB Structured Deposit Products" from Industrial Bank Co., Ltd. purchased on May 16, 2025. Both products matured and were redeemed on September 19, 2025. The principal amount for the 7-Day Notice Deposits was 800,000 yuan, yielding a profit of 2.10 yuan. The RMB Structured Deposit Products, with a principal of 3,200,000 yuan, returned 21.890630 yuan in earnings.

As of the announcement date, Xiamen Tungsten's outstanding balance in idle raised funds utilized for cash management totals 2.105 billion yuan. All cash management activities remain within the board's authorized limits and have no overdue unrecovered products. The company plans to continue cash management within the approved timeframe and limits.