Muyuan Foods (002714) 证券之星·2025-04-02 10:39Core Points - The announcement details the conversion of the company's convertible bonds and the changes in its share capital for the first quarter of 2025 [1][8] - The initial conversion price of the bonds was set at RMB 47.91 per share, which has been adjusted multiple times due to various corporate actions [2][3][4] - As of March 31, 2025, the remaining convertible bonds amount to 95,431,653 units, equivalent to RMB 9,543,165,300 [8] Convertible Bond Issuance - The company issued 95.5 million convertible bonds with a total value of RMB 955 million, approved by the China Securities Regulatory Commission [1] - The bonds were listed on the Shenzhen Stock Exchange on September 10, 2021, under the name "牧原转债" [1] Conversion Price Adjustments - The conversion price has been adjusted several times: - From RMB 47.91 to RMB 47.71 on March 25, 2022, due to stock grants [3] - Further adjustments to RMB 47.46 on June 9, 2022, and RMB 47.27 on April 18, 2023, due to cash dividends and stock buybacks [4][5] - The latest adjustment to RMB 45.74 will take effect on December 30, 2024, following the profit distribution plan [8] Share Capital Changes - The total share capital increased from 5,262,387,699 shares to 5,322,072,890 shares after the issuance of restricted stock [3] - As of March 31, 2025, the shareholding structure shows that the number of locked shares held by executives remains at 1,652,045,238, representing 30.24% of the total shares [11]