Tianhe Magnetic Materials Redeems 50 Million Yuan Structured Deposit, Gains Investment Income of 110,600 Yuan

MaticHoleFiller · 2026-03-27T01:10:39+00:00

Tianhe Magnetic Materials announced that the company's structured deposit products invested with idle funds have matured, generating a profit of 110,600 yuan. The company manages its cash flow without affecting daily operations, aiming to improve capital utilization and achieve higher returns.

MaticHoleFiller

2026-03-27 01:10:39

Abstract generation in progress

On March 21, Baotou Tianhe Magnetic Materials Technology Co., Ltd. (Stock Code: 603072, Stock Name: Tianhe Magnetic) announced that the structured deposit products purchased with idle proprietary funds have matured and been redeemed, generating an investment income of 110,600 yuan.

The announcement shows that Tianhe Magnetic approved the “Proposal on Using Idle Proprietary Funds for Cash Management” at the Ninth Meeting of the Third Board of Directors held on December 29, 2025. The company agreed to use up to 300 million yuan (highest single-day balance, including the principal) of idle proprietary funds for cash management, provided it does not affect daily operating funds and ensures the safety of the funds. The funds will be used to purchase high-security, highly liquid, low-risk financial products, with a term not exceeding 12 months from the date of board approval, and the funds may be rolled over cyclically.

Recently, the company’s cash management product has been fully redeemed upon maturity. The details are as follows:

Trustee
Product Name
Income Type
Subscription Amount (10,000 yuan)
Start Date
Maturity Date
Expected Annualized Return Rate
Investment Income (10,000 yuan)
Redeemed?
—
Shanghai Pudong Development Bank Co., Ltd.
Li Duo Duo Corporate Stable Profit 26JG5627 (Tier 3 Call Option) RMB Structured Deposit
Principal-protected Floating Return
50,000.00
2026/2/5
2026/3/19
0.70% or 1.81% or 2.01%
110.6
Yes

Tianhe Magnetic stated that using idle proprietary funds for cash management is carried out under the premise of ensuring the company’s daily operating funds and fund safety, and will not affect the normal operation of the company’s main business. Through appropriate cash management, the company can improve the efficiency of idle funds, gain certain investment returns, and generate more returns for the company and shareholders.

Shengang Securities Co., Ltd., as the company’s sponsor, issued an unqualified verification opinion on this matter.

Click to view the original announcement >>

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