Core Viewpoint - The announcement highlights the abnormal trading fluctuations of the company's convertible bonds, "Dayuan Convertible Bonds," which experienced a cumulative closing price increase of over 30% over three consecutive trading days, prompting a warning to investors about potential valuation risks [1][4]. Summary by Sections Convertible Bond Issuance Overview - The company received approval from the China Securities Regulatory Commission to publicly issue convertible bonds amounting to 450 million yuan, with a term of 6 years and a tiered interest rate starting from 0.4% in the first year [1][2]. - The "Dayuan Convertible Bonds" began trading on the Shanghai Stock Exchange on January 4, 2023, under the code "113664" [1]. Convertible Bond Conversion Details - The initial conversion price was set at 23.18 yuan per share, which has been adjusted multiple times, with the latest conversion price being 20.59 yuan per share as of August 12, 2025 [2][4]. - The conversion price will continue to be adjusted periodically based on the company's equity distribution [3][4]. Abnormal Trading Fluctuations - The "Dayuan Convertible Bonds" experienced significant price volatility, with a cumulative increase exceeding 30% over three trading days, which is classified as abnormal trading behavior according to the Shanghai Stock Exchange regulations [4][5]. Company Operations and Major Events - The company confirmed that its production and operations are normal, with no significant changes in its main business or market environment [4][5]. - There are no undisclosed major events or significant transactions related to the company, as confirmed by the controlling shareholders and actual controllers [4][5]. Media Reports and Other Situations - The company has not identified any media reports or market rumors that could significantly impact the trading price of its convertible bonds [5]. - There were no transactions involving the company's convertible bonds by its controlling shareholders or senior management during the period of abnormal trading fluctuations [5].
大元泵业: 浙江大元泵业股份有限公司可转债交易异常波动公告