DAYUAN PUMP(SH:603757) Zheng Quan Zhi Xing·2025-08-15 11:28Core Viewpoint - Zhejiang Dayuan Pump Industry Co., Ltd. is expected to meet the redemption conditions for its convertible bonds, "Dayuan Convertible Bonds," based on the stock price performance from August 4 to August 15, 2025 [1][3]. Summary by Sections 1. Convertible Bond Issuance Overview - The company issued 450,000 convertible bonds on December 5, 2022, with a total amount of 450 million yuan and a maturity of 6 years [2]. - The coupon rates are structured as follows: 0.4% for the first year, 0.6% for the second year, 1.0% for the third year, 1.5% for the fourth year, 2.5% for the fifth year, and 3.0% for the sixth year, with a redemption price of 115 yuan [1][2]. 2. Redemption Terms and Expected Trigger Conditions - The company has the right to redeem all or part of the unconverted bonds if either of the following conditions is met: 1. The stock price remains above 130% of the current conversion price for at least 15 out of 30 trading days during the conversion period [2][3]. 2. The total amount of unconverted bonds is less than 30 million yuan [2]. - As of the specified period, the stock price has been above 26.77 yuan (130% of the current conversion price of 20.59 yuan) for 10 trading days, and if it continues to meet the criteria, the redemption clause may be triggered [1][3].