CJJG(SH:600496) Zheng Quan Zhi Xing·2025-06-10 09:18Group 1 - The company issued convertible bonds totaling RMB 2 billion, approved by the board and shareholders in 2021, with a maturity of 6 years [1][2][3] - The bonds were issued at a face value of RMB 100 each, with a total of 20 million bonds sold, raising RMB 200 million after expenses [1][2] - The interest rates for the bonds are structured to increase over the years, starting at 0.3% in the first year and reaching 2.0% in the sixth year [1][2] Group 2 - The initial conversion price for the bonds was set at RMB 5.00 per share, with adjustments made due to dividend distributions, currently at RMB 4.86 per share [2][10][11] - The company has provisions for redeeming the bonds at 112% of the face value plus interest if certain conditions are met, such as stock prices exceeding 130% of the conversion price [4][5] - Holders of the convertible bonds have the right to sell them back to the company if the stock price falls below 70% of the conversion price during the last two years of the bond's term [5][6] Group 3 - The company reported a revenue of RMB 18.49 billion in 2024, a 12.03% increase from the previous year, while net profit decreased by 6.69% to RMB 512 million [7][8] - Total assets increased by 9.80% to RMB 25.61 billion, with equity attributable to shareholders rising by 5.05% to RMB 8.94 billion [7][8] - The company has utilized RMB 187.62 million of the raised funds, with a remaining balance of RMB 11.31 million, primarily for operational liquidity [8]