Shiyun Circuit Redeems 100 Million Yuan of Idle Raised Funds for Wealth Management, Earns 1.74 Million Yuan in Returns

MaticHoleFiller · 2026-03-17T12:17:41+00:00

Shiyun Circuit recently redeemed a wealth management product from CITIC Securities, recovering principal of 100 million yuan with actual gains of 1.74 million yuan. The company plans to use no more than 1.1 billion yuan of idle raised funds for cash management, ensuring no impact on project construction and normal operations.

MaticHoleFiller

2026-03-17 12:17:41

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[Finance Website News] On March 13, Guangdong Shiyun Circuit Technology Co., Ltd. (Stock Code: 603920, Stock Abbreviation: Shiyun Circuit) announced that the company recently redeemed a CITIC Securities wealth management product purchased with idle raised funds, recovering 100 million yuan principal and earning an actual profit of 1.74 million yuan.

The announcement shows that at the fifth session of the third board of directors and the fifth session of the third supervisory committee held on April 15, 2025, the company approved the “Proposal on Using Part of Idle Raised Funds for Cash Management.” According to the proposal, the company agrees to use up to 1.1 billion yuan of temporarily idle raised funds for cash management, to purchase high-security, highly liquid, principal-protected fixed deposits or wealth management products. The products must not be used as collateral, with individual investment products not exceeding 12 months in duration. The resolution is valid for 12 months from the date of approval by the board of directors, and the company may roll over the investment within the specified limit and period.

The specific details of this redemption are as follows:

Product Name	Trustee Name	Investment Amount (10,000 yuan)	Start Date	Maturity Date	Annualized Yield (%)	Redemption Amount (10,000 yuan)	Actual Profit (10,000 yuan)
CITIC Securities Trust Zhian An Ying Series [1903] Income Certificate	CITIC Securities	100,000	2025/06/11	2026/03/11	2.32	100,000	1.74

Note: The company has no related-party relationship with the trustee mentioned above.

As of the date of this announcement, the amount of idle raised funds still available for cash management that has not yet matured is 330 million yuan. The company states that using part of the idle raised funds for cash management is conducted under the premise of not affecting the construction of raised fund projects and normal operations, which helps improve the efficiency of fund utilization, increase cash asset returns, and generate more investment returns for the company and shareholders.

Click here to view the original announcement >>

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