SD HEAD(SZ:002810) Shang Hai Zheng Quan Bao·2025-10-09 20:55Core Points - The announcement details the conversion of the company's convertible bonds and the changes in its share capital structure [2][8] - The initial conversion price of the bonds has been adjusted multiple times due to corporate actions such as stock buybacks and profit distributions [4][5][6] - The company has been actively repurchasing its shares to facilitate the conversion of the bonds, with a total of 2,427,700 shares repurchased by September 30, 2025 [12][13] Convertible Bond Issuance - The company issued 6 million convertible bonds on July 3, 2023, with a total value of 600 million yuan and a maturity of 6 years [2] - The bonds are listed on the Shenzhen Stock Exchange under the name "赫达转债" with a bond code of 127088 [2] Conversion Price Adjustments - The initial conversion price was set at 17.40 yuan per share, which was adjusted to 17.39 yuan after a stock buyback [4] - Further adjustments brought the conversion price down to 17.19 yuan and then to 17.00 yuan due to additional corporate actions [5][6] - The latest adjustment set the conversion price at 16.85 yuan, effective from January 3, 2025 [6] Share Capital Changes - As of September 30, 2025, the company had 5,998,463 convertible bonds remaining, with a total value of approximately 599.85 million yuan [8] - The company reported a reduction of 130 bonds and an increase of 771 shares due to the conversion process [8] Share Buyback Progress - The company initiated a share buyback program with a budget between 50 million and 100 million yuan, with a maximum buyback price of 18.00 yuan per share [12] - By September 30, 2025, the company had repurchased shares at prices ranging from 11.10 yuan to 14.289 yuan, totaling approximately 29.93 million yuan [13]