Cecep Solar Energy recovers ¥100m cash management principal, earns ¥426,700

Cecep Solar Energy Co., Ltd. announced the timely recovery of principal and returns from its cash management product. On August 27, 2025, the company redeemed its ¥100,000,000 "Jindian Series Structured Deposit" from China Merchants Bank Co., Ltd., Beijing Branch. This investment, made using temporarily idle proceeds from its convertible corporate bonds, resulted in a gain of ¥426,700.

The decision to engage in cash management was approved on April 28, 2025, allowing the company to use up to ¥800,000,000 of temporarily idle convertible bond proceeds for cash management products, with a single product not exceeding ¥500,000,000. This strategy aimed to maximize the efficiency of its idle funds.

Following this recovery, the company’s balance of temporarily idle convertible bond proceeds used for cash management is now ¥0. The announcement highlights the company’s prudent financial management and its ability to effectively utilize surplus funds for income generation while adhering to approved investment limits.