珠海冠宇: 珠海冠宇电池股份有限公司向不特定对象发行可转换公司债券受托管理事务报告（2024年度）

Group 1 - The company, Zhuhai CosMX Battery Co., Ltd., issued convertible bonds totaling RMB 308,904.30 million, with a net amount of RMB 305,738.66 million after deducting issuance costs [1][12][14] - The bonds were approved by the China Securities Regulatory Commission on September 15, 2022, and began trading on the Shanghai Stock Exchange on November 17, 2022 [1][12] - The bonds have a six-year term, with an annual interest rate that increases from 0.30% in the first year to 2.00% in the sixth year [1][12] Group 2 - The company reported total revenue of RMB 1,154,107.20 million for the year 2024, a 0.83% increase from the previous year, and a net profit attributable to shareholders of RMB 43,035.47 million, up 25.03% [13][14] - The company's total assets decreased by 2.58% to RMB 2,095,315.66 million, while net assets increased by 2.48% to RMB 714,724.03 million [13][14] - The company has a strong focus on research and development, with R&D expenses accounting for 12.64% of revenue, an increase from 10.05% the previous year [14] Group 3 - The initial conversion price for the bonds was set at RMB 23.68 per share, with adjustments made due to stock dividends and other corporate actions [2][4][12] - The company has provisions for downward adjustments to the conversion price if the stock price falls below 85% of the current conversion price for a specified period [6][7][12] - The bonds are not secured and are managed by a trustee, China Merchants Securities Co., Ltd., which oversees the use of raised funds and ensures compliance with regulations [12][13] Group 4 - The funds raised from the bond issuance are allocated to various projects, including the construction of lithium-ion battery production lines and upgrades to existing facilities [12][14] - The company has established a dedicated account for the management of the raised funds, ensuring compliance with regulatory requirements [12][14] - The company has implemented a management system for the raised funds to protect investor interests and ensure proper usage [12][14]