Suzhou Longjie Invests 190 Million Yuan in Structured Deposits; Cumulative Unredeemed Wealth Management Products Reach 440 Million Yuan

[Finance News] Suzhou Longjie Special Fiber Co., Ltd. (Stock code: 603332, hereinafter referred to as “Suzhou Longjie”) announced on March 17 that the company recently used 190 million yuan of idle proprietary funds to purchase four bank structured deposit products. As of the announcement date, the total amount of entrusted wealth management using proprietary funds that has not yet been redeemed reached 440 million yuan.

The announcement shows that from January 22, 2026, to the disclosure date of this announcement, Suzhou Longjie has continuously purchased structured deposit products from Industrial and Commercial Bank of China, China Merchants Bank, and Jiangsu Bank. The details are as follows:

It is understood that on April 18, 2025, Suzhou Longjie’s Fifth Board of Directors held the 13th meeting, which approved the “Proposal on Using Part of Idle Proprietary Funds for Cash Management.” The company agreed to use idle proprietary funds for cash management within a single-day maximum balance of 800 million yuan, for a period of up to 12 months from the date of board approval, with funds available for rolling over.

The announcement also disclosed recent redeemed wealth management products. During the reporting period, the company redeemed six bank wealth management products, recovering a total principal of 250 million yuan and earning a total actual return of 1.2252 million yuan. Among them, the structured deposit redeemed from Jiangsu Zhangjiagang Rural Commercial Bank with 60 million yuan yielded the highest return of 520,700 yuan, with an expected annualized return range of 1.30%-2.05%.

Suzhou Longjie stated that, under the premise of ensuring daily operations and fund safety, it uses proprietary funds for cash management without affecting normal daily cash flow and main business development. Proper and timely cash management of idle funds can reduce idle capital and generate certain investment returns, which is beneficial to improving the company’s overall performance. The entrusted wealth management payment amount accounts for 200.36% of the company’s latest period-end monetary funds.

Regarding risk, the company pointed out that the wealth management products involved in this investment face risks such as yield risk, interest rate risk, liquidity risk, policy risk, and force majeure risk. Returns may fluctuate due to macroeconomic influences. The company will strictly follow relevant regulations for cash management, monitor product operations in a timely manner, and control investment risks.

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