Money begets money! This year, Conch Cement's financial management income has exceeded 150 million yuan!

June 20, Conch Cement announced that on June 9, 2021, the company used 900 million yuan of its own funds to purchase the closed-end fixed income financing plan No.12 of Zhaorui Zengli Selection of Zhaoyin Finance Co., Ltd. for a period of 735 days. The expected annualized yield is 5.70%. On June 14,

2023, when the entrusted financial product expired, the company recovered 900 million yuan of entrusted financial principal in full, and obtained 104 million yuan of financial income , reaching the expected income target. As of the date of this announcement, the accumulated balance of entrusted wealth management of the Company is RMB 1 billion.

In addition, on the evening of April 10, 2023, Conch Cement announced that on March 31, 2021, the company would use 500 million yuan of its own funds to purchase "Anying" fixed income net value financial products of Huiyin Finance Co., Ltd. for a period of 735 days, with an expected annual return of 5.40%. On April 7,

2023, the entrusted wealth management product expired, and the Company fully recovered the principal of entrusted wealth management of 500 million yuan, and obtained the wealth management income of 54.37 million yuan, reaching the expected income target.

Financial income has always been one of the important sources of Conch Cement's income. According to the above information, up to now, Conch Cement's financial income has exceeded 150 million yuan in 2023. At present, the development of cement industry is facing various challenges, and the financial income also alleviates the operating pressure of conch cement to a certain extent.