FilingReader Intelligence
Qifeng New Material deploys 1.2bn yuan cash management strategy
August 11, 2025 at 12:38 PM UTC•By FilingReader AI
Qifeng New Material Company Limited has deployed proprietary funds into low-risk financial products following approval to utilize up to 1.2 billion yuan of idle cash.
The company invested in wealth management products from major Chinese banks including 30 million yuan each in China Everbright Bank and Agricultural Bank of China products, plus 12.9 million yuan in an Industrial and Commercial Bank of China product.
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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