GALAXY MICROELECTRONICS(SH:688689) Zheng Quan Zhi Xing·2025-06-26 16:15Group 1 - The company, Changzhou Galaxy Century Microelectronics Co., Ltd., issued convertible bonds totaling RMB 500 million, with a face value of RMB 100 per bond, approved by the board and shareholders in 2021 [3][6][17] - The bonds are listed on the Shanghai Stock Exchange under the name "Yinwei Convertible Bonds" with the code "118011" [3][6] - The bonds have a six-year term from July 4, 2022, to July 3, 2028, with an annual interest rate that increases over the years, starting at 0.40% in the first year and reaching 3.00% in the sixth year [6][10] Group 2 - The company reported a revenue of approximately RMB 909 million in 2024, a 30.75% increase from 2023, and a net profit of approximately RMB 71.87 million, up 12.21% year-on-year [16] - The company’s total assets increased by 10.83% to approximately RMB 2.21 billion by the end of 2024, while net assets rose by 0.70% [16] - The company focuses on semiconductor discrete devices, with products widely used in various sectors including computers, home appliances, and automotive electronics [16] Group 3 - The funds raised from the convertible bonds are allocated to projects including the industrialization of automotive-grade semiconductor devices and to supplement working capital, with a total planned investment of RMB 55.36 million [13][17] - The company has not provided any guarantees for the bonds issued [13][18] - The credit rating for the company and the bonds has consistently been rated A+ with a stable outlook by Dongfang Jincheng International Credit Rating Co., Ltd. [14][18]