HXG(SH:603112) Zheng Quan Zhi Xing·2025-05-12 09:33Core Points - The cumulative conversion of "Hua Xiang Convertible Bonds" reached 10.3146% of the company's total issued shares before conversion as of May 9, 2025, with a total conversion amount of RMB 525,336,000 and a total of 45,090,219 shares converted [1][5] - The total amount of unconverted convertible bonds as of May 9, 2025, is RMB 274,664,000, accounting for 34.33% of the total issuance [5] Convertible Bond Issuance Overview - The company issued 8,000,000 convertible bonds on December 22, 2021, with a total amount of RMB 80,000 million, netting RMB 786,510,715.10 after deducting issuance costs [1][2] - The bonds have a term of six years, from December 22, 2021, to December 21, 2027, with a coupon rate starting at 0.4% in the first year [1][2] Conversion Price Adjustments - The initial conversion price was set at RMB 12.97 per share, adjusted to RMB 12.98 after a stock buyback on March 17, 2022, and further adjusted to RMB 12.75 after a cash dividend distribution on June 14, 2022 [2] - Subsequent adjustments were made to the conversion price, reaching RMB 12.57 after a cash dividend on June 21, 2023, and RMB 12.26 after a cash dividend on May 31, 2024 [3][4] Share Capital Changes - As of May 9, 2025, the total share capital increased from 470,585,121 shares to 515,648,025 shares due to the conversion of bonds, with 45,062,904 new shares issued [5] - The number of unrestricted circulating shares increased from 436,300,582 to 481,363,486 shares following the conversion [5] Shareholder Changes - The conversion of bonds resulted in changes to the shareholding ratios of major shareholders, with specific details provided in the company's announcements [5]