Jiangsu King'S Luck Brewery Joint-Stock Co.Ltd(603369) plans to purchase principal guaranteed financial products of RMB 830 million

According to the news of Red Star capital Bureau on April 9, Jiangsu King'S Luck Brewery Joint-Stock Co.Ltd(603369) ( Jiangsu King'S Luck Brewery Joint-Stock Co.Ltd(603369) . SH) issued an announcement on entrusted financial management, plans to spend 830 million yuan for financial management, and can make rolling investment within the scope of authorized amount and regulations

Entrusted financial products mainly include: 250 million yuan China Construction Bank Corporation(601939) structured deposits and 100 million yuan Bank Of China Limited(601988) structured deposits. The purchase period is 6 months; The purchase period of Bank Of China Limited(601988) structured deposit of RMB 200 million and Industrial And Commercial Bank Of China Limited(601398) structured deposit of RMB 230 million is 3 months; There is no fixed maturity date (open every working day) for the 50 million yuan Suyin financial Hengyuan weekly opening No. 1 product.

The announcement disclosed that as of September 30, 2021, the company's monetary capital (excluding entrusted financial management funds) was 3.136 billion yuan and the above entrusted financial management funds accounted for 26.46% of the company's monetary capital (excluding entrusted financial management funds) at the end of the latest period, which will not have a significant impact on the company's main business, financial status, operating results and cash flow in the future.

Jiangsu King'S Luck Brewery Joint-Stock Co.Ltd(603369) using idle funds for financial management is common, and most of them are principal guaranteed financial products based on bank structured deposits. However, it has also bought high-risk and high-yield trust products. After the trust thunderstorm, the company no longer involves high-risk trust products.

Jiangsu King'S Luck Brewery Joint-Stock Co.Ltd(603369) 2021 is expected to achieve an operating revenue of 6.3 billion yuan to 6.5 billion yuan, with a year-on-year increase of 23% to 27%; The net profit attributable to shareholders of listed companies is expected to be 1.9 billion yuan to 2.1 billion yuan, with a year-on-year increase of 21% to 34%.

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