SUNOREN(SH:603105) Shang Hai Zheng Quan Bao·2025-10-20 19:29Core Points - The company Zhejiang Xinneng Photovoltaic Technology Co., Ltd. has announced the interest payment details for its convertible bonds, known as "Xinneng Convertible Bonds" [2][6] - The total issuance amount of the convertible bonds is 880 million yuan, with a maturity period of six years and a tiered interest rate structure [2][3] - The bond's initial conversion price is set at 13.10 yuan per share, which will be adjusted to 12.95 yuan after the 2023 annual equity distribution [3][5] Summary by Sections Issuance Overview - The company received approval from the China Securities Regulatory Commission to issue 8.80 million convertible bonds at a face value of 100 yuan each, totaling 880 million yuan [2][3] - The interest rates for the bonds are structured to increase over the six-year period, starting from 0.30% in the first year to 2.50% in the sixth year [2] Interest Payment Details - The interest payment for the second year will be 0.50 yuan per bond, with the interest period from October 26, 2024, to October 25, 2025 [6][8] - The bondholders will be registered as of October 24, 2025, with the interest payment date set for October 27, 2025 [8][9] Conversion and Adjustment - The bonds can be converted into shares starting from May 6, 2024, until October 25, 2029, with the conversion price initially set at 13.10 yuan per share [3][4] - The conversion price will be adjusted to 12.75 yuan per share after the 2024 annual equity distribution [4][5] Taxation Information - Individual investors are subject to a 20% tax on interest income, resulting in a net interest payment of 0.40 yuan per bond after tax [11] - Non-resident enterprises are exempt from corporate income tax on bond interest income until December 31, 2025 [12]