Weixing New Materials expands wealth management investments, boosts returns

Zhejiang Weixing New Building Materials Co., Ltd. and its subsidiary, Linhai New Materials, announced recent purchases of bank wealth management products totaling 400,000,000 yuan in September and October 2025. These investments were made within the approved limit of 1.2 billion yuan in idle self-owned funds, authorized by the 2024 annual shareholders' meeting on May 7, 2025, for the period of May 7, 2025, to May 6, 2026.

The company invested 100,000,000 yuan in two Zheshang Bank unit-structured deposits in September and an additional 150,000,000 yuan in two more Zheshang Bank unit-structured deposits in October. Linhai New Materials also invested 100,000,000 yuan in two Zheshang Bank unit-structured deposits in September. Additionally, the company allocated 80,000,000 yuan across two Industrial and Commercial Bank of China wealth management products in October. These products are primarily capital-protected floating income or fixed-income, with expected annualized returns ranging from 1.20% to 2.65%.

As of October 23, 2025, the company's cumulative wealth management product purchases over the past 12 months reached 4.181 billion yuan. Realized income from matured products amounted to 13,747,800 yuan, with outstanding investments of 1.199 billion yuan, representing 23.54% of the company's latest audited net assets.