Sichuan Chuantou Energy extends cash management of idle funds, reports strong Q3

Sichuan Chuantou Energy reported Q3 2025 operating revenue of 428,502,665.99 yuan and a net profit of 1,760,254,513.64 yuan attributable to shareholders. The company’s board approved the extension of cash management for idle raised funds, allowing up to 1.4 billion yuan to be managed through principal-protected bank wealth management products. This extension is effective from October 23, 2025, to October 22, 2026, with funds capable of rolling over within the 12-month period.

The board also approved significant revisions to its Articles of Association and related internal regulations, including the abolition of the Supervisory Board and the transfer of its functions to the Board’s Audit Committee. These changes aim to enhance corporate governance and streamline operational efficiency. The company will convene a second extraordinary general meeting on November 5, 2025, to seek shareholder approval for these amendments, a proposed change in the use of some raised funds, and the election of a new director.

The funds were originally raised from convertible corporate bonds issued in 2019, with a net amount of 3,994,065,400.00 yuan. The cash management extension ensures that while the funds are idle, they contribute to investment returns, without impacting ongoing investment projects or altering the original purpose of the raised funds.