Core Points - The company announced the interest payment schedule for its convertible bonds, "Wujin Convertible Bonds," which will start on July 10, 2025 [1][2] - The bonds were issued on July 10, 2023, with a total of 3.1 million bonds at a face value of 31 million yuan, and they are set to be traded on the Shanghai Stock Exchange [1][2] - The bonds have a maturity period of six years, from July 10, 2023, to July 9, 2029, with an annual interest rate of 0.30% for the first year and 0.50% for the second year [2][3] Bond Issuance Overview - The bonds were approved by the China Securities Regulatory Commission and began trading on August 3, 2023 [1][2] - The initial conversion price was set at 8.55 yuan per share, which has been adjusted to 7.93 yuan due to the company's equity distribution plans [2] Interest Payment Details - The interest payment method is annual, with the first payment scheduled for July 10, 2025, covering the period from July 10, 2024, to July 9, 2025 [3][4] - The interest amount for each bond is calculated based on the face value and the applicable interest rate, resulting in a payment of 0.50 yuan per bond (before tax) for the second year [4][5] Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net payment of 0.40 yuan per bond after tax [5][6] - Non-resident enterprises are exempt from corporate income tax on the interest earned from these bonds [6]
武进不锈: 江苏武进不锈股份有限公司关于“武进转债”2025年付息的公告