Baida Group announced that from July 1 to July 9, 2026, the company cumulatively redeemed 229 million yuan in wealth management product principal and received corresponding income of 7.625 million yuan. The company was previously authorized to use up to 1.5 billion yuan of idle self-owned funds for entrusted wealth management. As of July 9, 2026, the company's entrusted wealth management balance was 1.029 billion yuan, including 485 million yuan in bank wealth management products, 169 million yuan in securities firm wealth management products, and 374 million yuan in trust products.
Baida Group Co LtdThe company redeemed 229 million yuan in wealth management products and received income, indicating successful capital management.