Core Viewpoint - Baida Group has actively utilized its idle funds for entrusted wealth management, amounting to 258.95 million yuan, reflecting a strategic approach to enhance fund utilization efficiency and returns [2][10]. Summary by Category Investment Strategy - The company has subscribed to 27 trust products in the past 12 months, all of which have been repaid normally without any defaults, indicating a robust risk management strategy [2][10]. - The main investment categories include trust wealth management, securities firm wealth management, and bank wealth management [2]. Financial Performance - In the last 12 months, Baida Group has invested a total of 2.603 billion yuan in entrusted wealth management, with 31 transactions, of which 27 were trust products [5][10]. - The contribution of entrusted wealth management earnings to the company's net profit reached 33.49%, significantly enhancing overall profitability [10]. Trust Products Overview - Recent investments include: - "Huaneng Trust·Bai Cheng Zeng Li Wealth Management Trust No. 13" with an investment of 37.7 million yuan and an expected annual yield of 4.7% [2][4]. - "Zhong Cheng Trust Zhong Hui No. 12 Collective Fund Trust Plan" with an investment of 30 million yuan and a similar yield of 4.7% [3][4]. - Other notable investments include "Huaneng Trust·Feng Yuan Ze Cheng No. 1" and "Huaneng Trust·Wan Cheng No. 3," both with an investment of 30 million yuan and an expected yield of 4.5% [3][4]. Risk Management - The trust products are favored for their higher yield compared to traditional bank deposits, with expected annual yields ranging from 4.5% to 5% [5][10]. - The company has maintained a strong focus on risk control, ensuring that all selected trust institutions have a solid background and stable historical performance [10]. Redemption and Current Status - As of September 18, 2025, the company has recovered 238.559 million yuan in principal from entrusted wealth management products, with a remaining balance of 1.0134497 billion yuan [8][10].