MACMIC(SH:688711) Zheng Quan Zhi Xing·2025-06-20 08:28Group 1 - The company Jiangsu Macmic Science & Technology Co., Ltd. issued convertible bonds totaling 4.3 million units at a price of 100 RMB per unit, raising a total of 430 million RMB, with a net amount of 423.2769 million RMB after deducting issuance costs [1][10][17] - The bonds have a maturity of six years, with an annual interest rate starting at 0.50% in the first year and increasing to 3.00% in the sixth year, with a redemption price of 115.00 RMB [1][10][11] - The initial conversion price for the bonds is set at 62.45 RMB per share, subject to adjustments based on various corporate actions [2][3][4] Group 2 - The company reported a net loss of 22.941 million RMB for the year 2024, a significant decrease compared to a profit of 114.209 million RMB in 2023, attributed to reduced customer procurement plans and pressure on product pricing [10][13] - Total assets increased by 4.52% to 2.601 billion RMB, while total liabilities rose by 13.20% to 1.524 billion RMB, resulting in a decrease in equity by 5.71% [11][12] - The company has no credit enhancement measures in place for the bonds, and the credit rating for the issuer and the bonds is rated A with a stable outlook [10][19] Group 3 - The funds raised from the bond issuance will be used for the development of automotive-grade power semiconductor discrete devices [10][14] - The company has established a special account for the management and use of the raised funds, ensuring compliance with regulatory requirements [10][19] - The company has maintained its obligations regarding interest payments, with the first interest payment made on July 25, 2024, at the agreed rate [10][11][12]