Ningbo Tuopu redeems structured deposit, generating over 2.3m yuan in income
Ningbo Tuopu Group announced the redemption of a matured cash management product, generating over 2.3 million yuan in investment income. The company utilized idle raised funds to purchase a Ping An Bank Ningbo Beilun Branch public structured deposit product (100% principal-protected linked to gold) on April 17, 2025. This product matured on October 20, 2025, returning a principal of 200,000,000 yuan and investment income of 2,331,500 yuan. Both principal and income have been successfully returned to the company's dedicated fundraising account.
This redemption is part of a broader strategy, approved by the board and shareholders, allowing the company to use up to 2,400,000,000 yuan of idle raised funds for principal-protected wealth management products or structured deposits from July 1, 2025, to June 30, 2026.
As of October 20, 2025, Ningbo Tuopu Group's total cumulative wealth management income from idle raised funds over the last twelve months reached 16,330,700 yuan, representing 0.54% of its latest annual net profit. Currently, 90,000,000 yuan of wealth management products are in use, with an additional 150,000,000 yuan available for future investments.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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