Sunway Petrochemical manages idle funds with wealth management products

Shandong Sunway Petrochemical Engineering announced its ongoing use of proprietary funds for wealth management, following approvals from its board of directors and annual shareholders' meeting. The company and its subsidiaries are authorized to invest up to 500 million yuan of idle funds, with a rolling balance not exceeding 500 million yuan at any given time, excluding reverse repo transactions. Individual investments or those with a single institution are capped at 100 million yuan.

Recent investment activities include a 100 million yuan investment in Huatai Securities' Hengyi 25057 income certificates with an expected annual yield of 1.65%, maturing in April 2026. Other significant investments feature 100 million yuan in Industrial Bank's corporate financial structured deposit with a variable yield of 1.30%-2.16%, maturing in March 2025, yielding 337,300 yuan in profit.

Additionally, the company invested 50 million yuan in Shenwan Hongyuan Securities' Longding Customized 1563 income certificates at 1.85%-2.05% expected annual yield, which matured in March 2025, generating 433,600 yuan. As of the announcement date, the total outstanding wealth management balance held by the company and its subsidiaries is 100 million yuan.