Zheng Quan Zhi Xing·2025-06-25 17:55Group 1 - The company Jiangsu Wujin Stainless Steel Co., Ltd. issued convertible bonds totaling RMB 310 million, with 3,100,000 bonds at a face value of RMB 100 each [3][19][26] - The bonds have a maturity period of six years, from July 10, 2023, to July 9, 2029, with an annual interest rate that increases from 0.30% in the first year to 2.00% in the sixth year [4][10] - The initial conversion price for the bonds is set at RMB 8.55 per share, with provisions for adjustments based on stock dividends and other corporate actions [6][7][10] Group 2 - The company reported a significant decline in net profit for 2024, amounting to RMB 125.71 million, a decrease of 64.25% compared to the previous year, primarily due to downturns in the petrochemical industry [20][26] - The total revenue for 2024 was RMB 2.65 billion, reflecting a 24.57% decrease from RMB 3.52 billion in 2023 [20][26] - The company’s total assets at the end of 2024 were RMB 4.05 billion, down 4.98% from RMB 4.26 billion in 2023 [20][26] Group 3 - The company has established a special account for managing the raised funds, with agreements signed with multiple banks to ensure proper oversight [19][21] - As of July 25, 2024, the company had permanently supplemented its working capital with surplus funds amounting to approximately RMB 14.89 million [25][26] - The company’s credit rating is "AA" with a stable outlook, indicating a strong capacity to meet its financial obligations [19][26]