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]

| | | 上海荣泰健康科技股份有限公司 截至2025年9月3日收市后，距离9月8日（"荣泰转债"最后交易日）仅剩3 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3日收市后，距离9月11日（"荣泰转债"最后转股日）仅剩 6个交易日，9月11日为"荣泰转债"最后一个转股日。 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 7 月 29 日至 2025 年 8 月 18 日，已在连续三十个交易日内有十五个交易日的收盘价 关于实施"荣泰转债"赎回暨摘牌的第七次提示性 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： 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 ...

Group 1 - The other home appliance sector experienced a decline of 2.07% on September 3, with Aojiahua leading the drop [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] - Key stocks in the other home appliance sector showed varying performance, with Rongtai Health down 1.80% to 39.30, Ronger Health down 2.24% to 4.36, and Aojiahua down 2.56% to 6.86 [1] Group 2 - The net inflow of main funds in the other home appliance sector was 852,200 yuan, while retail funds saw a net inflow of 1,932,300 yuan, and speculative funds experienced a net outflow of 2,784,500 yuan [1] - Detailed fund flow for key stocks showed Rongtai Health with a main net inflow of 18,606,900 yuan, while Aojiahua had a significant main net outflow of 15,010,200 yuan [1]

Core Viewpoint - The company announces the early redemption of "Rongtai Convertible Bonds" with specific dates and conditions for investors to be aware of [1][2][6]. Redemption Details - Redemption registration date is September 11, 2025 [1][4]. - Redemption price is set at 102.1713 CNY per bond [1][4]. - Redemption payment date is September 12, 2025 [1][4]. - Last trading day for the bonds is September 8, 2025 [1][6]. - Last conversion day is also September 11, 2025 [1][6]. Conditions for Redemption - The company has triggered the conditional redemption clause due to the stock price being at least 130% of the conversion price for 15 out of 30 trading days [2][3]. - The conversion price is 23.07 CNY per share, meaning the stock price must be at least 29.99 CNY per share [2][3]. Interest Calculation - The accrued interest per bond is calculated as 2.1713 CNY based on a face value of 100 CNY, an annual interest rate of 2.5%, and a total of 317 days from the last interest payment [3][4]. Tax Implications - Individual investors will be subject to a 20% tax on the interest income, resulting in a net redemption amount of 101.7370 CNY per bond after tax [4][5]. Redemption Process - The company will notify bondholders of the redemption details before the redemption period ends [5]. - Bonds will be frozen after the redemption registration date, and the company will announce the redemption results afterward [5][6]. Trading and Conversion Timeline - As of September 2, 2025, there are 4 trading days left until the last trading day and 7 trading days until the last conversion day [6][7]. Delisting Information - The "Rongtai Convertible Bonds" will be delisted from the Shanghai Stock Exchange starting September 12, 2025 [7].

重要内容提示： | | | 上海荣泰健康科技股份有限公司 关于实施"荣泰转债"赎回暨摘牌的第六次提示性 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。 截至2025年9月2日收市后，距离9月8日（"荣泰转债"最后交易日）仅剩4 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2日收市后，距离9月11日（"荣泰转债"最后转股日）仅剩 7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 ...