Core Points - The company announces the redemption and delisting of "Rongtai Convertible Bonds" effective September 12, 2025, following the last trading day on September 8, 2025 [4][15] - The last conversion date for the bonds is September 11, 2025, with only four trading days remaining as of September 5, 2025 [3][14] - The redemption price is set at 102.1713 CNY per bond, which includes the face value and accrued interest [9][10] Redemption Conditions - The conditional redemption clause was triggered as the company's stock price exceeded 130% of the conversion price for at least 15 out of 30 trading days [5][7] - The redemption date is September 11, 2025, with the redemption payment date on September 12, 2025 [6][13] Interest Calculation - The accrued interest is calculated based on the formula: IA = B × i × t / 365, resulting in an interest of 2.1713 CNY per bond [10][9] - The total redemption amount before tax is 102.1713 CNY, with the after-tax amount for individual investors being 101.7370 CNY [11][10] Trading and Conversion - Investors are advised to convert or sell their bonds before the last trading day to avoid forced redemption [17][16] - The bonds will be frozen after the redemption registration date, ceasing all trading and conversion activities [16][12]

| | | 上海荣泰健康科技股份有限公司 关于实施"荣泰转债"赎回暨摘牌的第九次提示性 公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 截至2025年9月5日收市后，距离9月8日（"荣泰转债"最后交易日）仅剩1 个交易日，9月8日为"荣泰转债"最后一个交易日。 最后转股日：2025 年 9 月 11 日 截至2025年9月5日收市后，距离9月11日（"荣泰转债"最后转股日）仅剩 4个交易日，9月11日为"荣泰转债"最后一个转股日。 本次提前赎回完成后，"荣泰转债"将自 2025 年 9 月 12 日起在上海证 券交易所摘牌。 投资者所持"荣泰转债"除在规定时限内通过二级市场继续交易或按照 23.07 元/股的转股价格进行转股外，仅能选择以 100 元/张的票面价格加当期 应计利息 2.1713 元/张（即合计 102.1713 元/张）被强制赎回。若被强制赎回， 可能面临较大投资损失。 公司提醒"荣泰转债"持有人注意在限期内转股或卖出。 上海荣泰健康科技股份有限公司（以下简称"公司"）股票自 2025 年 ...

Market Performance - The other home appliance sector increased by 2.23% compared to the previous trading day, with Rongtai Health leading the gains [1] - On the same day, the Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Stock Performance - Rongtai Health (603579) closed at 38.30, with a rise of 2.54% and a trading volume of 72,400 shares, amounting to a transaction value of 274 million yuan [1] - Rongjie Health (300247) closed at 4.45, up 2.53% with a trading volume of 197,300 shares, totaling 86.9957 million yuan [1] - Aojiahua (002614) closed at 7.04, increasing by 1.15% with a trading volume of 114,100 shares, resulting in a transaction value of 79.5841 million yuan [1] Capital Flow - The other home appliance sector saw a net inflow of 19.6829 million yuan from main funds, while retail funds experienced a net inflow of 4.4043 million yuan [1] - However, speculative funds recorded a net outflow of 24.0872 million yuan [1] Individual Stock Capital Flow - Rongtai Health had a main fund net inflow of 13.1731 million yuan, with a main fund net proportion of 4.81%, while speculative funds had a net outflow of 24.2501 million yuan [1] - Rongjie Health experienced a main fund net inflow of 7.6820 million yuan, with a main fund net proportion of 8.83%, and a speculative fund net outflow of 606.92 thousand yuan [1] - Aojiahua had a main fund net outflow of 117.23 thousand yuan, with a speculative fund net inflow of 623.20 thousand yuan [1]

Core Points - The company has announced the early redemption of "Rongtai Convertible Bonds" due to the stock price meeting the conditions for conditional redemption [2][6] - The last trading day for "Rongtai Convertible Bonds" is September 8, 2025, and the last conversion day is September 11, 2025 [12][14] - The redemption price is set at 102.1713 CNY per bond, which includes the face value and accrued interest [7][11] Redemption Conditions - The redemption condition was triggered as the company's stock price was above 130% of the conversion price for at least 15 out of 30 trading days [2][6] - The redemption will apply to all unconverted "Rongtai Convertible Bonds" registered by the redemption registration date [6][10] Financial Details - The accrued interest is calculated using the formula: IA = B × i × t / 365, where B is the total face value, i is the annual coupon rate of 2.5%, and t is the number of days from the last interest payment to the redemption date [4][7] - The total accrued interest per bond is 2.1713 CNY, leading to a total redemption amount of 102.1713 CNY per bond [7][11] Tax Implications - Individual investors are subject to a 20% tax on the interest income, resulting in a net redemption amount of 101.7370 CNY per bond after tax [8][9] - For qualified foreign institutional investors, the redemption amount will be distributed on a pre-tax basis [9] Important Dates - Redemption registration date is September 11, 2025, and the redemption payment date is September 12, 2025 [4][11] - The bonds will be delisted from the Shanghai Stock Exchange starting September 12, 2025 [13]

Group 1 - The core announcement from Rongtai Health states that the last conversion date for "Rongtai Convertible Bonds" is September 11, 2025, with only five trading days remaining until this date [2] - After the early redemption, "Rongtai Convertible Bonds" will be delisted from the Shanghai Stock Exchange starting September 12, 2025 [2] - Investors holding "Rongtai Convertible Bonds" can either continue trading in the secondary market within the specified time or convert at a price of 23.07 CNY per share, or face forced redemption at a price of 100 CNY per bond plus accrued interest of 2.1713 CNY per bond, totaling 102.1713 CNY per bond [2]

Core Points - The company announced the early redemption of "Rongtai Convertible Bonds" with a redemption price of 102.1713 CNY per bond [1][4] - The last trading day for the bonds is set for September 8, 2025, and the last conversion day is September 11, 2025 [1][6] - The bonds will be delisted from the Shanghai Stock Exchange starting September 12, 2025 [1][7] Redemption Details - Redemption registration date is September 11, 2025, and the redemption payment date is September 12, 2025 [1][4] - The company has triggered the conditional redemption clause due to the stock price exceeding 130% of the conversion price for a specified period [2][3] - The calculation for the accrued interest is based on a formula involving the bond's face value, interest rate, and the number of days [3][4] Tax Implications - Individual investors will be subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 101.7370 CNY per bond after tax [4][5] - Qualified foreign institutional investors will receive the full redemption amount of 102.1713 CNY per bond without tax deductions [5] Trading and Conversion - Investors are reminded to convert or sell their bonds within the specified time frame to avoid forced redemption [2][6] - The company will freeze all unconverted bonds after the redemption registration date [7]

| 证券代码：603579 | 证券简称：荣泰健康 | 公告编号：2025-064 | | --- | --- | --- | | 债券代码：113606 | 债券简称：荣泰转债 | | 上海荣泰健康科技股份有限公司 关于实施"荣泰转债"赎回暨摘牌的第八次提示性 公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 最后转股日：2025 年 9 月 11 日 截至2025年9月4日收市后，距离9月11日（"荣泰转债"最后转股日）仅剩 5个交易日，9月11日为"荣泰转债"最后一个转股日。 本次提前赎回完成后，"荣泰转债"将自 2025 年 9 月 12 日起在上海证 券交易所摘牌。 投资者所持"荣泰转债"除在规定时限内通过二级市场继续交易或按照 23.07 元/股的转股价格进行转股外，仅能选择以 100 元/张的票面价格加当期 应计利息 2.1713 元/张（即合计 102.1713 元/张）被强制赎回。若被强制赎回， 可能面临较大投资损失。 公司提醒"荣泰转债"持有人注意在限期内转股或卖出。 上海荣泰健康科技股份有限公司（以下 ...

Group 1 - The other home appliance sector declined by 2.46% on September 4, with Rongtai Health leading the drop [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] - Rongtai Health's stock price fell by 4.96% to 37.35, with a trading volume of 81,100 shares and a transaction value of 304 million yuan [1] Group 2 - The net outflow of main funds in the other home appliance sector was 21.65 million yuan, while retail investors saw a net inflow of 33.19 million yuan [1] - Rongtai Health experienced a net outflow of 2.39 million yuan from main funds, with retail investors contributing a net inflow of 17.86 million yuan [1] - The trading data for other companies in the sector showed mixed results, with Aojiahua gaining 1.46% and Rongjie Health declining by 0.46% [1]

Core Points - The company announced the early redemption and delisting of "Rongtai Convertible Bonds" effective September 12, 2025 [4][15] - The last trading day for "Rongtai Convertible Bonds" is September 8, 2025, and the last conversion day is September 11, 2025 [2][3][14] Redemption Details - The redemption price is set at 102.1713 CNY per bond, which includes the face value and accrued interest of 2.1713 CNY [4][10][9] - The accrued interest is calculated based on a formula involving the bond's face value, interest rate, and the number of days since the last interest payment [7][9] - The company triggered the conditional redemption clause as the stock price exceeded 130% of the conversion price for 15 out of 30 trading days [5][6][8] Important Dates - Redemption registration date is September 11, 2025, and the redemption payment date is September 12, 2025 [6][13] - Investors are reminded to convert or sell their bonds before the last trading day to avoid forced redemption [17][16] Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net redemption amount of 101.7370 CNY per bond after tax [10][11] - Qualified foreign institutional investors will receive the full redemption amount without tax deductions [11]

Investment Rating - The investment rating for the company is "Buy" and is maintained [7] Core Views - The company's revenue performance has experienced a phase decline due to overseas demand and policy impacts, with a 1.78% year-on-year decrease in revenue for H1 2025 [2][4] - The company is a leading player in the domestic massage chair market and a significant global manufacturer, with a well-established R&D, industrial design, and quality control system [11] - The company is expected to see a recovery in demand, leading to a rapid rebound in growth, with projected net profits of 173 million, 199 million, and 224 million yuan for 2025, 2026, and 2027 respectively [11] Financial Performance Summary - For H1 2025, the company achieved operating revenue of 810 million yuan, a decrease of 1.78% year-on-year, and a net profit attributable to shareholders of 85.34 million yuan, down 23.35% year-on-year [2][4] - In Q2 2025, the company reported operating revenue of 415 million yuan, a decline of 2.14% year-on-year, and a net profit of 41.40 million yuan, down 14.81% year-on-year [2][4] - The company's gross margin decreased by 0.43 percentage points year-on-year in H1 2025, with a notable improvement in Q2 2025 where gross margin increased by 1.95 percentage points year-on-year [11] Product and Market Analysis - The revenue from massage chairs decreased by 0.36% year-on-year, while the revenue from massage small appliances fell by 14.71%. Conversely, experiential massage services grew by 10.34% [11] - Domestic business revenue increased by 16.92% year-on-year, while overseas business revenue declined by 13.24% [11] - The company is expanding its market presence, with positive growth in regions like Australia, Central Asia, and South Asia, while facing challenges in the U.S. market due to increased tariff costs [11]