Group 1 - The article highlights the imminent redemption risk associated with convertible bonds, specifically mentioning Zhenyu Convertible Bond and Torch Convertible Bond, which could lead to potential losses of nearly 60% for investors who do not act in time [1][2] - Zhenyu Technology has triggered the conditional redemption clause for its convertible bonds due to its stock price exceeding 130% of the conversion price for 15 trading days from March 11 to March 31 [2][3] - The redemption price for Zhenyu Convertible Bond is set at 100.20 CNY per bond, and it will be delisted from the Shenzhen Stock Exchange after the redemption [2][3] Group 2 - As of April 14, the price of Zhenyu Convertible Bond was 239.80 CNY per bond, indicating a potential loss of 58.22% for investors who fail to act before the last trading day on April 17 [3] - The Torch Convertible Bond is also facing significant losses, with a current price of 168.477 CNY per bond, leading to a potential loss of 39.68% if investors do not convert or sell in time [3] - The article emphasizes the importance of investors being aware of the redemption terms and acting promptly to mitigate losses [1][2][3] Group 3 - The convertible bond market has shown resilience despite recent volatility influenced by geopolitical factors, with the China Convertible Bond Index experiencing a significant drop but subsequently recovering [4] - Analysts suggest that the convertible bonds exhibit better performance compared to equities, with a favorable Sharpe ratio, indicating a more stable investment option in the current market environment [4] - However, there are concerns regarding the valuation of convertible bonds, which may not be low compared to future periods, and the market's performance is expected to be influenced by equity market trends [4][5]
紧急提醒！不操作，最高或亏近60%