Oppein Home Group Uses 60 Million Yuan in Idle Raised Funds to Purchase Large-Denomination Certificates of Deposit with 0.9% Annual Yield

[Finance News] On March 13, Oppein Home Group Co., Ltd. (Stock Code: 603833, Stock Abbreviation: Oppein Home) announced that the company used 60 million yuan of temporarily idle raised funds to purchase a large ordinary deposit certificate from China Construction Bank to improve capital utilization efficiency.

The announcement shows that the purchased product is China Construction Bank’s Large Unit Deposit Certificate 2025, Issue 052 (1-Month Warm Winter Enjoyment), which is a principal-protected fixed-income product with an investment period of 31 days and an expected annualized yield of 0.9%. The funds come from the company’s temporarily idle raised funds from the 2022 public issuance of convertible bonds.

It is understood that Oppein Home’s relevant proposal was approved at the 26th meeting of the 4th Board of Directors and the 17th meeting of the 4th Supervisory Committee held on August 8, 2025, which authorized the company to use up to 350 million yuan (including) of temporarily idle raised funds for cash management. The resolution is valid from August 19, 2025, to August 18, 2026. The investment amount in this purchase falls within the scope of this authorization.

The basic information on the raised funds shows that the company issued 20 million convertible bonds in 2022, each with a face value of 100 yuan, raising a total of 20 billion yuan. After deducting 5 million yuan in issuance and underwriting fees, the net amount of raised funds received was 19.95 billion yuan.

As of January 2026, the cumulative investment progress of each project is as follows:

Note 1: On January 21, 2026, the company held the first extraordinary general meeting of 2026 and the first bondholder meeting for “Oppein 22 Convertible Bonds,” approving the proposal to change some of the raised projects and adjust the use of related project assets, deciding to reallocate remaining funds from “Oppein 22 Convertible Bonds” to new projects.

The company states that using idle raised funds for cash management will not affect the construction of the raised projects or the use plan of the funds, does not involve changes in the use of raised funds, and will not impact the normal operation of the company’s main business. Through prudent implementation of cash management, the company aims to optimize capital efficiency and generate reasonable returns for shareholders.

Regarding risk control, the company has established multiple measures, including strictly adhering to the scope authorized by the Board, selecting high-quality financial institutions, strengthening pre-approval processes, tracking product progress, supervision by the audit department, and checks by independent directors and the Audit and Risk Management Committee to control investment risks.

The announcement also discloses the company’s main financial data for the most recent year and quarter. As of September 30, 2025, the total assets were 353.654 billion yuan, total liabilities were 159.883 billion yuan, and net assets were 193.682 billion yuan; from January to September 2025, operating income was 13.213 billion yuan, net profit was 1.835 billion yuan, and net cash flow from operating activities was 2.744 billion yuan. The amount of cash management this time accounts for 1.24% of the company’s latest ending monetary funds, 0.31% of net assets, and 0.17% of total assets.

Additionally, the company’s cash management using raised funds over the past twelve months (from March 13, 2025, to March 12, 2026) shows a total actual investment of 18.25 billion yuan, a total actual recovery of 15.15 billion yuan, and an actual profit of 1.7416 million yuan, with an unrecovered principal of 3.1 billion yuan. Currently, the used idle raised funds for cash management amount to 3.1 billion yuan, with 400 million yuan remaining unused.

The company reminds that although this investment product is a high-security, low-risk principal-protected product, it may still be affected by macroeconomic and financial market fluctuations, with potential market risk, liquidity risk, credit risk, and short-term investment return volatility. The company will adjust the scale and timing of investments dynamically based on market conditions.

Click to view the original announcement>>

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI model based on third-party databases and does not represent Sina Finance’s views. All information herein is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for accuracy. If you have questions, contact biz@staff.sina.com.cn.