Yingli Motors’ 97 million yuan of idle raised funds cash management matures, earning a return of 88,900 yuan

Changchun Yingli Automobile Industry Co., Ltd. (Stock code: 601279; Stock abbreviation: Yingli Auto) announced on April 8 that the company’s two large enterprise deposit products purchased previously using idle raised funds have reached maturity and been redeemed. The company recovered a total principal of 97 million yuan and earned 88,900 yuan in financial wealth-management gains.

The announcement shows that Yingli Auto purchased two large enterprise deposit products at the Bank of Communications Co., Ltd. Jilin Branch on March 4, 2026. On April 4, 2026, the two large deposits were redeemed upon maturity, and both the principal and earnings have been returned to the raised funds account.

The specific redemption details are as follows:

| 2 | | Bank of Communications Co., Ltd. Jilin Branch | | Large Deposit | | Bank of Communications Co., Ltd. 2026 No. 2 Large Enterprise Deposit | | 6,000.00 | | 1.10% | | 2026-3-4 | | 2026-4-4 | | 6,000.00 | | 5.50 |

It is understood that the company’s use of idle raised funds for cash management this time was based on the relevant proposals approved at the 8th meeting of the Fifth Session of the Board of Directors held on October 30, 2025. The resolution agreed that, while ensuring that it does not affect the implementation of the projects funded by the fund-raising proceeds, the company may use, within the authorized period, a total of no more than 145 million yuan of idle raised funds for cash management. The funds can be used in a rolling manner within the above limit. The authorization period is from October 30, 2025 to October 30, 2026.

The announcement also disclosed that, among the products purchased using temporarily idle raised funds, there is no situation where any product has not been redeemed and recovered upon maturity. As of April 7, 2026, the amount of raised funds used for cash management by the company is 116,144.49 yuan, all of which are under call deposits; the remaining unused cash management quota for raised funds is 2,885.51 yuan.

Click to view the full text of the announcement>>

Disclaimer: There are risks in the market; investment requires caution. This article is automatically published by an AI large model based on third-party databases, and does not represent Sina Finance’s views. Any information appearing in this article is for reference only and does not constitute personal investment advice. If there is any discrepancy, please refer to the actual announcement. If you have any questions, please contact biz@staff.sina.com.cn.

Massive information and precise interpretation—available on the Sina Finance APP

Responsible editor: Xiao Lang Kuai Bao