Taihe Intelligent's 40 million yuan idle raised funds to purchase structured deposits with an expected annualized return of up to 2.20%

Hefei Taihe Intelligent Technology Group Co., Ltd. (stock code: 603656, hereinafter referred to as “Taihe Intelligent”) announced on March 21 the progress of the company’s use of part of the idle raised funds for cash management. Recently, the company redeemed the cash management products purchased from Guoyuan Securities and used 40 million yuan of idle raised funds to purchase structured deposit products from Guangfa Bank to improve the efficiency of fund utilization.

The announcement shows that the cash management product, the floating income certificate of Guoyuan Securities Yuan Ding Zun Xiang No. 187/188 (amounting to 40 million yuan) purchased by Taihe Intelligent on September 15, 2025, has matured and been redeemed, yielding a cash management income of 318,900 yuan.

To further enhance the yield on idle funds, the company signed an agreement with Guangfa Bank Co., Ltd. on March 20, 2026, using 40 million yuan of idle raised funds to purchase structured deposit products issued by it. The full name of this product is “Guangfa Bank ‘Wuhua Tianbao’ G Type Customized RMB Structured Deposit for the 338th Phase in 2026 (linked to gold spot bullish ladder) (Xi’an Branch)," with a product term from March 20, 2026, to June 16, 2026, totaling 88 days.

The income from the structured deposit is linked to the gold spot price, with specific yields determined based on the comparison of the gold spot (Au99.99) closing price on the observation date (June 11, 2026) against the initial price: if the closing price is below 92.40% of the initial price, the annualized yield is 0.50%; if the closing price is between 92.40% and 119.00% of the initial price, the annualized yield is 2.05%; if the closing price reaches or exceeds 119.00% of the initial price, the annualized yield can reach 2.20%.

According to the announcement, the use of idle raised funds for cash management by Taihe Intelligent is conducted under the premise of ensuring that it does not affect the construction of investment projects funded by the raised funds and the normal operations of the company. The company’s annual general meeting held on April 11, 2025, has reviewed and approved the proposal on the use of part of the idle raised funds for cash management, agreeing to allow the company and its subsidiaries to use no more than 35 million yuan of idle raised funds to purchase financial products that are highly secure, have good liquidity, and come with principal protection agreements, with this amount being valid for 12 months from the date of approval by the shareholders’ meeting and can be rolled over.

Taihe Intelligent stated that the net amount of funds raised from the non-public issuance of stocks is 344,493,800 yuan, with 140,186,300 yuan already invested in raised fund projects by the end of 2024. This cash management does not exceed the authorized limit from the shareholders’ meeting and does not involve any behavior that changes the use of raised funds in a disguised manner.

• | 219,093.70 | 0.00 | | | Total | 350,580.00 | 359,280.00 | 140,186.30 |

The company emphasizes that it will strictly control the risks of cash management products according to relevant regulations, with the finance department tracking the investment direction and progress of the products, and independent directors supervising and inspecting the use of funds. The financial products purchased by the company will be recorded in the balance sheet as “trading financial assets,” and the interest income will be recorded in the income statement as “investment income.”

The announcement also cautions that although this investment is in low-risk principal-protected products, the financial market is significantly influenced by macroeconomic factors, fiscal and monetary policies, and does not rule out the possibility that investments may be affected by market fluctuations. Investors are advised to pay attention to related risks.

Click to view the original announcement>>

Statement: The market has risks, and investment requires caution. This article is automatically published by an AI large model based on third-party databases and does not represent the views of Sina Finance. Any information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for discrepancies. For inquiries, please contact biz@staff.sina.com.cn.

Massive information, precise interpretation, all in the Sina Finance APP

Editor: Xiao Lang Brief Report