On February 8, Anhui Anhui Kouzi Distillery Co.Ltd(603589) Liquor Co., Ltd. (hereinafter referred to as ” Anhui Kouzi Distillery Co.Ltd(603589) “) announced that it had recently used idle raised funds of 80 million yuan to purchase investment and financial products, with a value date of February 8, 2022 and a maturity date of May 9, 2022, and an expected annualized rate of return of 2.38%.
On August 26, 2021, Anhui Kouzi Distillery Co.Ltd(603589) passed the proposal on the company’s use of some idle raised funds to purchase financial products, which agreed that the company would use idle raised funds of no more than 100 million yuan to invest in principal guaranteed financial products in a timely manner without affecting the construction of investment projects and the use of raised funds. The proposal stipulates that the amount of funds can be used on a rolling basis within the validity period of the resolution, and the authorization period is valid within one year from the date of deliberation and approval by the board of directors.
According to the financial report of the third quarter of 2021, the company achieved an operating revenue of 3.629 billion yuan in the first three quarters, a year-on-year increase of 35.05%, and the net profit attributable to shareholders of listed companies was 1.15 billion yuan, a year-on-year increase of 33.2%.
As of the closing on February 8, Anhui Kouzi Distillery Co.Ltd(603589) share price was 69.11 yuan, down 4.54% on the same day, with a total market value of 41.47 billion yuan.
