TBEA(SH:600089) Sou Hu Cai Jing·2025-09-20 17:21Core Viewpoint - TBEA Co., Ltd. (特变电工) has seen a significant increase in stock price, reaching a near one-year high, and is planning to issue convertible bonds to fund a coal-to-natural gas project [1][2][3] Group 1: Stock Performance - As of September 19, 2025, TBEA's stock closed at 16.38 CNY, up 10.45% from the previous week [1] - The stock reached a peak price of 16.62 CNY during the week, marking its highest point in nearly a year [1] - The total market capitalization of TBEA is currently 82.765 billion CNY, ranking 2nd in the electric grid equipment sector and 203rd among all A-shares [1] Group 2: Corporate Announcements - On September 19, 2025, TBEA held its ninth temporary board meeting and fifth temporary supervisory meeting, where it approved a revised proposal to issue convertible bonds [2] - The company plans to raise up to 800 million CNY through the issuance of convertible bonds, which will be used for the 20 billion Nm³/year coal-to-natural gas project [2][3] - The bonds will have a term of 6 years, issued at face value of 100 CNY each, with an initial conversion price based on the higher of the average stock price over the last 20 trading days or the previous trading day [2]