GTIG(SZ:002091) Mei Ri Jing Ji Xin Wen·2025-08-24 05:27Core Viewpoint - The recent surge in A-share market has led to a renewed interest among listed companies in stock trading and investment, with Jiangsu Guotai announcing significant plans for both entrusted wealth management and securities investment [2][3]. Group 1: Investment Plans - Jiangsu Guotai plans to use no more than 120 billion RMB for entrusted wealth management and up to 18.3 billion RMB for securities investment, totaling over 138 billion RMB [2][6]. - The company has already invested 3.306 billion RMB in securities as part of its investment strategy [3]. - Other companies are also engaging in similar investment activities, with around 60 listed companies announcing plans to use idle funds for securities investment this year [2]. Group 2: Market Context - The Shanghai Composite Index surpassed the 3,800-point mark, reaching a 10-year high, with trading volumes exceeding 2.57 trillion RMB on August 22 [2]. - The current market rally is largely driven by liquidity, with various sources of funds entering the market, including foreign investments and retail investor participation [3]. Group 3: Financial Performance - Despite the enthusiasm for stock trading, Jiangsu Guotai's investment returns have been disappointing, with cumulative fair value changes from securities investments showing losses over the past three years [8]. - The company's cash balance has also been declining, indicating potential liquidity concerns [9]. Group 4: Project Termination - Jiangsu Guotai announced the termination of its lithium-ion battery electrolyte project, which was initially projected to generate significant revenue [10][12]. - The decision to halt the project was influenced by land delivery issues and a challenging industry environment characterized by overcapacity and declining prices [14][15].