Newtouch(SH:688590) Zheng Quan Zhi Xing·2025-06-20 08:28Core Viewpoint - Shanghai Newtouch Software Co., Ltd. has issued convertible bonds totaling RMB 484.81 million, with a maturity of six years and a structured interest rate that increases over time [2][3][12]. Section 1: Overview of Convertible Bonds - The company has received approval from the China Securities Regulatory Commission to issue 4,848,100 convertible bonds, each with a face value of RMB 100, amounting to a total of RMB 48,481,000 [2][3]. - The bonds are listed on the Shanghai Stock Exchange under the name "Newtouch Convertible Bonds" with the code "118021" [3]. Section 2: Basic Information of the Bonds - The bonds have a structured interest rate starting at 0.5% in the first year and increasing to 3.0% by the sixth year [3][12]. - The bonds will pay interest annually and will return the principal at maturity [3][10]. Section 3: Financial Performance - In 2024, the company reported total revenue of RMB 1.995 billion, an increase of 18.57% year-on-year, while net profit attributable to shareholders decreased by 88.21% to RMB 8.09 million [15][16]. - The company’s net assets increased by 0.93% to RMB 1.458 billion, and total assets rose by 14.95% to RMB 3.103 billion [16]. Section 4: Use of Proceeds - The proceeds from the bond issuance will be used for various projects, with a total investment amount of RMB 62.55 million, of which RMB 48.48 million will be funded by the bond proceeds [12][18]. - The company has also engaged in cash management for temporarily idle funds, investing up to RMB 100 million in safe, liquid financial products [18][19]. Section 5: Credit Rating - The bonds have been rated "A" by a credit rating agency, with a stable outlook for the company [13][21]. Section 6: Management of Bondholder Interests - The bond trustee, Changjiang Securities, is responsible for monitoring the company's financial health and ensuring compliance with disclosure obligations [12][22].