Shandong Kaisheng New Materials (SZ:301069) Zheng Quan Zhi Xing·2025-06-25 16:36Group 1 - The company, Shandong Kaisheng New Materials Co., Ltd., has issued convertible bonds totaling RMB 650 million, with a net amount of RMB 639.73 million after deducting issuance costs [3][4][13] - The convertible bonds have a maturity of six years, from November 29, 2023, to November 28, 2029, and will pay interest annually [4][5][6] - The initial conversion price for the bonds is set at RMB 20.26 per share, with provisions for adjustments based on various corporate actions [8][9][10] Group 2 - The company reported a revenue of RMB 927.93 million for 2024, a decrease of 5.97% compared to the previous year, and a net profit attributable to shareholders of RMB 55.99 million, down 64.56% [16] - The company's total assets decreased by 3.79% to RMB 2.39 billion, while the net assets attributable to shareholders fell by 1.76% to RMB 1.64 billion [16] - The company is involved in the production and sale of fine chemical products and new polymer materials, with a focus on inorganic chemicals and various chlorinated compounds [15][16] Group 3 - The company has not provided any guarantees for the convertible bonds, and no internal or external credit enhancement measures have been implemented [12][15] - The bond trustee, Southwest Securities, is responsible for monitoring the company's financial health and ensuring the protection of bondholders' interests [15][17] - The company has maintained compliance with its obligations as outlined in the bond issuance prospectus [17]