ANHUI JINCHUN NONWOVEN plans to manage 300 million yuan of idle raised funds to enhance capital efficiency

Zhitong
2025.09.26 09:03

On September 26, 2025, Anhui Jinchun Nonwoven Co., Ltd. held a meeting to review and approve the proposal to use no more than 300 million yuan of idle raised funds for cash management. The company went public for the first time in 2020, raising a net amount of 846.6808 million yuan. Currently, due to the construction progress of the fundraising projects, some funds are temporarily idle. The cash management investment products are capital-protected financial products with high safety, good liquidity, and a term not exceeding 12 months, with a validity period of 12 months and available for recycling within the quota. Although there are risks such as macroeconomic fluctuations, the company will implement multiple measures for strict control. This initiative aims to improve the efficiency of fund utilization and increase returns, without affecting daily operations and fundraising projects, and has received support from the board of directors, supervisory board, and sponsoring institutions

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