Conch Cement recovered 1 billion yuan of entrust finance and obtained 44.853 million yuan of income

Byzengjiaming12

Updated Thu, 21 Apr 2022 16:30:48 GMT

Conch Cement (600585) (600585.SH) announced that on March 31, 2021, the company will use 1 billion yuan of its own funds to purchase a fixed income and closed-end product "Pengxin", which is an institution exclusive product from Jianxin Wealth Management Co., Ltd., with a term of 362 days and an expected annualized yield rate of 4.51%.

The above entrust finance expired on March 30, 2022. On April 6, 2022, the company fully recovered the principal of 1 billion yuan of entrust finance and obtained 44.853 million yuan of financing income, which reaches the expected income target. As of the date of this announcement, the company's accumulated balance of entrust finance was RMB 12.9 billion.