On October 22, Wangfujing Group Co., Ltd. announced the latest developments regarding the use of temporarily idle raised funds for cash management. According to the announcement, the group has resolved in the 16th meeting of the 11th Board of Directors to invest CNY 100 million of temporarily idle raised funds into structured deposit products from the Bank Of Beijing Co., Ltd. This investment does not require approval from the shareholders' meeting. The objective of this cash management initiative is to enhance the efficiency of fund utilization, preserve and increase the value of cash assets, thereby safeguarding the interests of the company and its shareholders. The investment product is a principal-protected floating income structured deposit with a term of 47 days, and it is expected to yield an annualized return of 0.85% or 1.8%. As of June 30, 2025, Wangfujing Group reported total assets of CNY 40.318 billion, total liabilities of CNY 20.131 billion, total equity of CNY 20.187 billion, and a net cash flow from operating activities of CNY 527 million, with a debt-to-asset ratio of 49.93%. Wangfujing Group Co., Ltd. stated that this cash management initiative will not significantly impact the company's future main business operations, financial condition, operating results, or cash flow.
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