Bethel Redeems 40 Million Yuan Structured Deposit at Maturity, Earns 162,700 Yuan in Returns

[Finance.com News] On March 13, Wuhu Bertley Automotive Safety Systems Co., Ltd. (Stock Code: 603596, hereinafter referred to as “Bertley”) announced that the structured deposit products purchased with some of its idle raised funds have matured and been redeemed, recovering 40 million yuan in principal and earning 162,700 yuan in financial income.

The announcement shows that the redeemed product is “China Merchants Bank Gold Series Bullish Two-Stage Range 90-Day Structured Deposit (NHF02576)”, issued by China Merchants Bank Co., Ltd. The product type is bank wealth management, with an investment period from December 12, 2025, to March 12, 2026, and an expected annualized return of 1.0% or 1.6%. The investment funds come from the company’s idle raised funds and do not constitute a related-party transaction.

Looking back at the announcement, Bertley approved the “Proposal on Using Part of Temporarily Idle Raised Funds for Cash Management” at the 9th meeting of the 4th Board of Directors and the 9th meeting of the 4th Supervisory Committee held on July 30, 2025. The company agreed to use up to 1.3 billion yuan of idle raised funds for cash management without affecting the construction of raised fund projects and normal operations, with a term not exceeding 12 months, and the funds could be used cyclically within the approved limit and validity period.

As of the date of this announcement, the company’s cash management of idle raised funds over the past twelve months is as follows:

The maximum single-day investment in cash management of raised funds over the past 12 months was 1.3 billion yuan. Currently, the used cash management quota of raised funds is 920 million yuan, with an unused quota of 380 million yuan. The total cash management quota for raised funds is 1.3 billion yuan.

Data shows that over the past twelve months, the company has invested a total of 1.67 billion yuan of idle raised funds in cash management, with 750 million yuan recovered and a total return of 3.55 million yuan. As of the announcement date, unrecovered principal amounts to 920 million yuan, accounting for 70.77% of the total approved cash management limit of 1.3 billion yuan. The remaining unused cash management quota is 380 million yuan.

Bertley stated that the use of idle raised funds for cash management is conducted under the premise of ensuring the construction of raised fund projects and normal company operations. It helps improve the efficiency of idle funds, increase returns, and generate more investment income for the company and shareholders.

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