PDH(SH:600048) Zheng Quan Zhi Xing·2025-08-13 11:11Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds based on the 2024 profit distribution plan, reducing the price from 16.09 CNY to 15.92 CNY, effective from August 20, 2025 [1][2][3] Group 1: Convertible Bond Details - The company issued 85 million convertible bonds with a face value of 100 CNY each, raising a total of 850 million CNY, with a net amount of 847.875 million CNY after deducting issuance costs of 21.25 million CNY [1] - The convertible bonds, named "保利定转" with the code "110817," were registered on May 30, 2025, and began trading on June 19, 2025 [2] Group 2: Conversion Price Adjustment Basis - The adjustment of the conversion price is based on the company's profit distribution plan, which includes a cash dividend of 1.70 CNY per 10 shares (pre-tax) [2] - The cash dividend per share is calculated as approximately 0.1685 CNY, derived from the total share capital and the actual cash dividend distributed [3] Group 3: Adjustment Results - The new conversion price is calculated using the formula P1 = P0 - D, where P0 is the previous conversion price and D is the cash dividend per share [3] - The adjusted conversion price of approximately 15.92 CNY will take effect on August 20, 2025, which is the ex-dividend date [3]