Kexin Electromechanical's 200 million yuan idle raised funds' wealth management matured and was redeemed, yielding a profit of 554,300 yuan.

Recently, Sichuan Kexin Electromechanical Co., Ltd. (Stock Code: 300092, Stock Abbreviation: Kexin Electromechanical) announced that the bank wealth management products purchased with some idle raised funds have matured and been redeemed, recovering a total principal of 200 million yuan and earning an actual return of 554,300 yuan.

The announcement shows that on March 27, 2025, Kexin Electromechanical held the 6th Board of Directors’ 9th meeting and the 6th Supervisory Committee’s 8th meeting, during which they approved the proposal for continued cash management using part of the idle raised funds. The company agreed to use no more than 320 million yuan (including this amount) of idle raised funds for cash management, without affecting normal operations or the construction of investment projects funded by the raised capital. The usage period is valid for 12 months from the date of board approval, and funds may be used cyclically.

Details of this redemption are as follows:

Additionally, the announcement discloses the company’s cash management using idle raised funds over the past 12 months. Data shows that during this period, the company conducted 26 structured deposit investments, all redeemed on time. The total invested amount was substantial, and all products were principal protected, effectively safeguarding the safety and liquidity of the raised funds.

Kexin Electromechanical states that using idle raised funds for cash management is conducted under the premise of ensuring normal investment project operations and the safety of the raised capital. It helps improve the utilization efficiency of idle funds, increase cash asset returns, and generate more investment returns for the company and shareholders. As of the date of this announcement, all financial products purchased with idle raised funds have been redeemed on time.

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