Tianhe Magnetic Materials redeems 4 idle raised fund cash management products, with a total earnings of 105.2k yuan.

Recently, Baotou Tianhe Magnet Material Technology Co., Ltd. (Securities code: 603072; Securities abbreviation: Tianhe Magnet Material) released an announcement stating that four cash management products purchased previously using certain idle raised funds have reached maturity and have been redeemed. The principal and the corresponding returns have all been returned to the raised funds account.

According to the announcement, the four products to be redeemed at maturity are all corporate structured deposits issued by Bank of China Co., Ltd., and they are principal-guaranteed with floating returns. The specific redemption details are as follows:

The total subscription amount of the above four products is 10,450 million yuan, and the cumulative investment income is 10.52 million yuan.

Looking back at the announcement, on December 29, 2025, Tianhe Magnet Material held the 9th meeting of the third session of its board of directors, at which it considered and approved the proposal on using some idle raised funds for cash management. The company agreed that, while ensuring the normal implementation of the raised funds investment plan and the safety of the raised funds, it would use idle raised funds with a maximum amount not exceeding RMB 35,000 million yuan (the highest single-day balance, inclusive) for cash management, for the purpose of purchasing investment products with high security and good liquidity. The usage period shall not exceed 12 months from the date on which the board approved the proposal. The funds can be used in a revolving manner within the approved limits and within the term.

As of the date of this announcement, within the validity period of this authorization, the company’s cash management using idle raised funds shows that, in addition to the above-redeemed products, there are currently still 4 products that have not yet matured, with a total subscription amount of 20,350 million yuan. These include: China CITIC Bank Co., Ltd.’s “Winning Wisdom FX-Linked RMB Structured Deposit, Tranche A25652” (two tranches of 20,000,000 yuan and 12,000,000 yuan) and Bank of China Co., Ltd.’s “(Inner Mongolia) Corporate Structured Deposit 202610397” (two tranches of 15,500,000 yuan and 58,000,000 yuan).

The company stated that this use of idle raised funds for cash management is carried out on the premise of ensuring that the company’s raised funds investment projects are implemented normally and that the raised funds are safe. It will not affect the company’s normal daily working-capital turnover needs or the normal operation of the raised funds projects. Through appropriate cash management, the company can improve the efficiency of using idle raised funds, and obtain more investment returns for the company and its shareholders.

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Editor: Xiao Lang Express