HFCC(SZ:002806) Zheng Quan Zhi Xing·2025-07-31 16:26Core Points - The company Guangdong Huafeng New Energy Technology Co., Ltd. has had its credit rating for both the company and its "Huafeng Convertible Bonds" rated at A- with a stable outlook by United Credit Rating Co., Ltd. [1][2] - The company triggered the conditional redemption clause for the "Huafeng Convertible Bonds" due to its stock price being above 130% of the conversion price for fifteen consecutive trading days [1][2] - The company decided to redeem 4,181 units of the "Huafeng Convertible Bonds" at a price of 101.764 yuan per unit, including accrued interest, with a current annual interest rate of 2.80% [1][2] - The total redemption payment amounted to 425,475.13 yuan, excluding redemption fees, and the bonds will be delisted from the Shenzhen Stock Exchange starting July 30, 2025 [2] Summary by Sections Credit Rating - The long-term credit rating for the company and its "Huafeng Convertible Bonds" is A- with a stable outlook [1][2] Redemption Details - The redemption was triggered as the stock price reached 11.31 yuan per share, which is 130% of the conversion price of 8.70 yuan per share [1] - The company held a board meeting on June 27, 2025, to approve the early redemption of the bonds [1] Financial Implications - The redemption price for the bonds was set at 101.764 yuan per unit, which includes the accrued interest [1][2] - The total amount paid for the redemption was 425,475.13 yuan, excluding any redemption fees [2] Termination of Rating - Following the announcement, United Credit Rating will terminate the credit rating for the company and the "Huafeng Convertible Bonds" and will not update the ratings further [2]