FilingReader Intelligence

JIULI Hi-tech Metals reports Q3 revenue jump, optimizes cash and subsidiary support

October 28, 2025 at 05:05 AM UTCBy FilingReader AI

Zhejiang JIULI Hi-tech Metals reported a 36.45% increase in Q3 2025 operating revenue to CNY 9,746,721,458.13, with net profit attributable to shareholders rising 20.73% to CNY 1,261,622,157.80. The company’s board of directors approved using up to CNY 2.8 billion in idle self-owned funds for cash management, including non-principal-guaranteed products up to CNY 800 million. This aims to boost returns while maintaining liquidity, with the authorization valid for 12 months.

In a related move, the company also increased its guarantee limit for its controlling subsidiary, Huzhou JIULI Yongxing Special Alloy Materials. The board approved an additional CNY 167.825 million in joint liability guarantees for a construction bank loan, raising the total guarantee for the subsidiary to CNY 743.225 million. As of September 30, 2025, the new guarantee amount represents 2.06% of JIULI Hi-tech Metals' latest net assets.

This strategic increase in guarantees supports the subsidiary's operational and project financing needs, aligning with the company's overall development strategy. The measures underscore JIULI Hi-tech Metals' commitment to optimizing capital utilization and strengthening its subsidiaries.

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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