JINXD(SZ:300830) Zheng Quan Zhi Xing·2025-09-02 09:15Core Viewpoint - The company has decided to exercise its early redemption rights for the "Jinxian Convertible Bonds" due to the stock price exceeding the specified threshold, aiming to reduce interest expenses and improve capital efficiency [2][6]. Group 1: Convertible Bond Redemption - The "Jinxian Convertible Bonds" will be redeemed at a price of 100.41 CNY per bond, which includes accrued interest [6][7]. - The redemption was triggered as the stock price closed above 130% of the conversion price for 15 trading days from August 4 to August 22, 2025 [2][6]. - The redemption process will be completed by October 9, 2025, with the bonds being delisted from the Shenzhen Stock Exchange [7][8]. Group 2: Convertible Bond Details - The total amount of the convertible bonds issued was 202,512,500 CNY, with each bond having a face value of 100 CNY [2][3]. - The initial conversion price was set at 9.39 CNY per share, which has been adjusted to 9.35 CNY per share as of June 9, 2025 [3][5]. - The conversion period for the bonds is from June 3, 2024, to November 26, 2029, allowing bondholders to convert their bonds into shares [3][4]. Group 3: Financial Implications - The company aims to lower its financial costs and improve the efficiency of its capital utilization through this redemption [2][6]. - The accrued interest for the bonds is calculated based on a 0.5% annual interest rate, resulting in approximately 0.41 CNY per bond for the current period [6][7].