Suzhou Longjie invests 240 million yuan in structured deposits, with a total unredeemed amount reaching 500 million yuan.

[Finance Network News] Suzhou Longjie Specialty Fiber Co., Ltd. (Stock Code: 603332 Stock Abbreviation: Suzhou Longjie) announced on March 28 that it has disclosed the progress of the company’s recent cash management using idle self-owned funds. The announcement shows that from March 17, 2026, to the date of this announcement, the company has invested a total of 240 million yuan in rolling purchases of structured deposit products from three banks.

According to the announcement, the specific details of the structured deposit products purchased by Suzhou Longjie are as follows:

The announcement also disclosed that the company redeemed the previously purchased “Company Structured Deposit No. 2025193” product on March 25, 2026, with an investment amount of 180 million yuan, achieving an actual yield of 1.5621 million yuan, and the expected annualized yield rate range was 1.30%-2.05%.

As of the date of this announcement, the total amount of self-owned funds entrusted for wealth management that has not been redeemed by Suzhou Longjie is 500 million yuan. The company stated that the total payment for this entrusted wealth management amounts to 240 million yuan, which accounts for 253.08% of the latest period-end monetary funds.

Suzhou Longjie emphasized in the announcement that while ensuring daily operations and the safety of funds, it is utilizing self-owned funds for cash management, which does not affect the normal turnover needs of the company’s daily funds and will not affect the normal development of the company’s main business. By managing idle self-owned funds in a moderate and timely manner, it can reduce idle funds and achieve certain investment returns, which is beneficial for further enhancing the overall performance level of the company.

The company also reminded that the investment products are wealth management products issued by financial institutions with controllable risks, and the yield situation may exhibit certain volatility due to macroeconomic influences. Wealth management products face yield risk, interest rate risk, liquidity risk, policy risk, and force majeure risk, among others.

According to information, Suzhou Longjie held a board of directors and supervisory board meeting on April 18, 2025, to review and approve the “Proposal on Using Part of the Idle Self-owned Funds for Cash Management,” agreeing that the company may use idle self-owned funds for cash management within a maximum single-day balance of 800 million yuan, for a term of 12 months from the date of board approval, and the funds may be used in a rolling manner.

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Editor: Xiao Lang Quick Report