HMT(SH:603306) Zheng Quan Zhi Xing·2025-08-01 16:10Core Viewpoint - The company, Huamao (Xiamen) New Materials Technology Co., Ltd., has announced that its convertible bonds, "Huamao Convertible Bonds," are expected to meet the redemption conditions based on stock price performance [1][4]. Group 1: Convertible Bond Issuance - The company issued 10.5 million convertible bonds with a total amount of 1.05 billion yuan, approved by the China Securities Regulatory Commission on September 14, 2023 [1][2]. - The bonds have a maturity period of six years, from September 14, 2023, to September 13, 2029 [1]. - The initial conversion price was set at 34.18 yuan per share, later adjusted to 34.15 yuan, 33.95 yuan, 33.85 yuan, and finally to 33.76 yuan due to various factors including stock option exercises and profit distribution [2][3]. Group 2: Redemption Conditions - The conditional redemption clause allows the company to redeem all or part of the unconverted bonds if the stock price exceeds 130% of the conversion price for at least 15 out of 30 consecutive trading days [4]. - As of June 25, 2025, the stock price has been above 43.89 yuan, which is 130% of the current conversion price, indicating a potential trigger for the redemption clause [4]. - The company will convene a board meeting to decide on the redemption if the conditions are met and will disclose the decision promptly [4].