First(SH:603806) Shang Hai Zheng Quan Bao·2025-11-14 20:00Core Points - The company announces the interest payment for its convertible bonds "福22转债" on November 24, 2025, due to the holiday on November 22, 2025 [2][4] - The convertible bonds were issued on November 22, 2022, with a total issuance scale of 3.03 billion RMB and a maturity period of 6 years [2][5] - The interest rates for the bonds increase progressively from 0.20% in the first year to 2.00% in the sixth year [2][3] Summary by Sections Convertible Bond Issuance Overview - Bond Type: Convertible bonds that can be converted into the company's A-shares [2] - Issuance Scale: 303 million RMB [2] - Number of Bonds: 30.3 million [2] - Face Value: Each bond has a face value of 100 RMB [2] - Maturity: From November 22, 2022, to November 21, 2028 [2] Interest Payment Details - Interest Calculation: Annual interest is calculated based on the face value and applicable interest rate [3] - Interest Payment Date: November 24, 2025 [4] - Interest Record Date: November 21, 2025 [4] - Interest Rate for Current Period: 0.40% for the period from November 22, 2024, to November 21, 2025, resulting in an interest payment of 0.40 RMB per bond [13] Conversion and Pricing Information - Initial Conversion Price: 65.07 RMB per share [7] - Latest Conversion Price: Adjusted to 14.74 RMB per share as of June 24, 2025, due to profit distribution and capital increase [8][9] - Conversion Period: From May 29, 2023, to November 21, 2028 [6] Credit Rating and Guarantee - Credit Rating: The company's long-term credit rating is AA, with a stable outlook for the "福22转债" [9] - Guarantee: The convertible bonds are not secured by any guarantees [11] Taxation on Interest Income - Individual Investors: Subject to a 20% tax on interest income, resulting in a net payment of 0.32 RMB per bond after tax [15] - Corporate Investors: Responsible for their own tax payments on interest income [16]