Zhongfu Straits Pingtan increases investment in low-risk financial products

Zhongfu Straits Pingtan Development (SZSE:000592) announced that its cumulative undisclosed investments in financial products have surpassed 10% of the company's most recent audited net assets, triggering disclosure requirements according to Shenzhen Stock Exchange regulations. Approved in December 2024, the company is authorized to invest up to CNY 800 million in high-security, liquid financial products issued by banks and securities firms, with funds to be used on a rolling basis until December 31, 2025. The recent investments include various structured deposits and fixed-income products from institutions like China Merchants Bank and China Bank, with expected annualized returns ranging from 1.00% to 1.95%. The company aims to enhance capital efficiency without impacting ongoing project investments. Historical data shows returns on past investments ranging from 0.55% to 1.75%. As of the announcement date, many past investments have already matured, contributing to increased shareholder value.