Core Points - The company Kunming Chuanjinno Chemical Co., Ltd. has approved the use of up to 400 million RMB of temporarily idle raised funds for cash management, with a validity period of 12 months from the board's approval date [1][2] - The company has redeemed some financial products purchased with idle raised funds, and the details of these products are disclosed [1][3] Summary of Financial Management - The company has utilized idle raised funds to invest in various financial products, including structured deposits and wealth management products, with a total investment amount of 360 million RMB in one product and 29 million RMB in another [2][3] - The expected annualized return rates for these investments range from 1.85% to 2.10% [2][3] - The company has also engaged in cash management through fixed income and floating income products, ensuring a mix of guaranteed returns and market-linked performance [2][3]

Core Viewpoint - Kunming Chuanjin Nuo Chemical Co., Ltd. has announced the progress of cash management using idle raised funds, with a total amount not exceeding 400 million RMB approved for use within a 12-month period [1]. Group 1: Cash Management Approval - The company held its fifth board meeting on June 20, 2024, where it approved the use of idle raised funds for cash management [1]. - The approved amount for cash management is capped at 400 million RMB, which can be used in a rolling manner over the next 12 months [1]. Group 2: Redemption of Financial Products - Several financial products purchased with idle funds have reached maturity and have been redeemed [1]. - The company has provided details on the redeemed financial products, including the type, amount, and expected annualized returns [1]. Group 3: Financial Product Details - One of the redeemed products was a fixed-rate deposit certificate from China Merchants Bank, with a principal of 50 million RMB and an annualized return of 1.8% [1]. - Another product was a structured floating income product from Shenwan Hongyuan Securities, with a principal of 36 million RMB and an expected annualized return of 1.75% [1].