Edifier technology expands wealth management for enhanced returns

Shenzhen Edifier Technology Co., Ltd. and its subsidiaries recently expanded their entrusted wealth management activities, utilizing up to 1.7 bn yuan in idle self-owned funds. This initiative allows for rolling investments over a 12-month period.

Recent investments include multiple floating-yield products from Ping An Bank Wealth Management, China Construction Bank Wealth Management, China Minsheng Bank Wealth Management, and Bank of Communications Wealth Management. Amounts range from 500,000 yuan to 4m yuan, with anticipated annualized returns varying between 1.38% and 2.99%. These products have diverse holding periods, from 14 days to 91 days, and some are callable at short notice.

The company emphasizes a cautious approach, focusing on risk prevention and value preservation. This strategy is expected to improve overall performance and shareholder returns without impacting daily operations or capital security.