Chang Jiang Shang Bao·2025-08-06 00:01Core Viewpoint - The company, Jinli Permanent Magnet, has successfully completed its first issuance of USD convertible bonds, raising a total of USD 117.5 million, which will be used for share repurchase, debt repayment, and general working capital [1][2]. Group 1: Convertible Bond Issuance - Jinli Permanent Magnet issued USD 117.5 million in guaranteed convertible bonds with an interest rate of 1.75%, attracting significant market attention [1][2]. - The initial conversion price for the bonds is set at HKD 21.38 per share, allowing for the conversion into approximately 43.14 million H-shares, representing about 3.14% of the company's total issued share capital [2]. Group 2: Financial Performance - The company expects to achieve a net profit attributable to shareholders of between RMB 300 million and RMB 335 million for the first half of 2025, reflecting a year-on-year growth of 151% to 180% [1][4]. - For the first half of 2025, the company's revenue is projected to reach approximately RMB 3.5 billion, marking a historical high with a year-on-year increase of 4% to 5% [4]. Group 3: Strategic Expansion - Jinli Permanent Magnet is expanding into emerging fields, including collaboration with a well-known international technology company for the development of motor rotors for embodied robots, with initial deliveries already taking place [1][5]. - The company plans to invest in a project to produce 20,000 tons of high-performance rare earth permanent magnet materials annually, aiming to reach a total capacity of 60,000 tons by 2027 [5].