Sinotruk redeems structured deposits, boosting cash by over 60.2bn yuan

Sinotruk Jinan Truck Company Limited announced the redemption of structured deposit products purchased with partially idle raised funds. The company's board had approved the continued cash management of idle raised funds up to 60,000 million yuan, aiming to invest in low-risk, highly liquid products without affecting capital expenditure or normal operations. The term for these investments extended from the approval date until December 31, 2025, with funds available for revolving use within this period.

All structured deposit products entered into with China Merchants Bank and Bank of Communications in September 2025 have matured. The company has fully redeemed these products, with the principal and total proceeds of 60,277.57 million yuan being deposited back into the raised funds account. The investments included two structured deposits with China Merchants Bank totaling 50,000 million yuan, yielding 234.72 million yuan, and one structured deposit with Bank of Communications for 10,000 million yuan, yielding 42.85 million yuan.

Over the past twelve months, including the recently matured products, Sinotruk has engaged in cash management activities totaling 100,000 million yuan, generating total proceeds of 955.38 million yuan. All products have been redeemed on schedule and the funds fully returned to the raised funds account, staying within the board's authorized limits.