EMT(SH:601208) Zheng Quan Zhi Xing·2025-06-09 13:44Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds due to the implementation of the 2024 profit distribution plan, resulting in a decrease in the conversion price from 11.63 CNY to 11.53 CNY per share, effective from June 17, 2025 [1][4]. Group 1: Securities and Trading Information - The company's convertible bonds, known as "东材转债" (Dongcai Convertible Bonds), were approved for listing on the Shanghai Stock Exchange starting December 12, 2022, with a total issuance of 1.4 billion CNY [2]. - The trading of "东材转债" will be suspended from June 9, 2025, until the equity registration date on June 16, 2025, and will resume on June 17, 2025 [1][2]. Group 2: Profit Distribution Details - The company plans to distribute a cash dividend of 0.10 CNY per share, totaling approximately 88.88 million CNY, based on a total share count of 888,849,732 shares after accounting for treasury shares [2][3]. - The total cash distribution, including both dividends and share buybacks, amounts to approximately 158.88 million CNY, representing 87.77% of the net profit attributable to shareholders for the year 2024 [3]. Group 3: Conversion Price Adjustment Formula - The adjustment of the conversion price is based on the formula P1 = P0 - D, where P0 is the previous conversion price, D is the cash dividend per share, resulting in the new conversion price of 11.53 CNY per share [4][5]. - The adjustment complies with the terms outlined in the company's bond issuance prospectus, which stipulates that changes in share capital due to profit distribution will necessitate a conversion price adjustment [4].