Huafeng Power: Using idle funds raised to purchase wealth management products, redeeming 38 million yuan upon maturity.
Huafeng Power announced that in 2025, the company approved the use of temporarily idle raised funds not exceeding 100 million yuan for cash management. In 2025, the company used 38 million yuan of idle raised funds to purchase the "Bank of Communications Wealth Builder Regular Structured Deposit", which will mature in 2026. The company received back the principal of 38 million yuan and obtained an investment income of 52,300 yuan, all of which have been returned to the raised funds account. The products purchased by the company using idle raised funds have not experienced any overdue situations.
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