Zhuzhou Kibing (SH:601636) Shang Hai Zheng Quan Bao·2025-12-03 19:57Core Viewpoint - The company, Zhuzhou Qibin Group Co., Ltd., has announced the redemption of its convertible bonds, "Qibin Convertible Bonds," due to the fulfillment of specific conditions related to stock price performance, which will enhance its capital structure and reduce financial costs [2][11]. Group 1: Redemption Details - The total amount redeemed is 4,401,000 yuan (44,010 bonds) [1][5]. - The redemption price is set at 101.1737 yuan per bond, which includes accrued interest [4][5]. - The total redemption payment amount is 4,452,655.91 yuan, including accrued interest, with the payment date scheduled for December 3, 2025 [10][11]. Group 2: Conditions for Redemption - The redemption conditions were met as the stock price was above 130% of the conversion price (7.06 yuan) for 15 out of 21 trading days from September 30 to November 5, 2025 [2][3]. Group 3: Impact on Company - The total outstanding amount of "Qibin Convertible Bonds" after redemption will be 4,401,000 yuan, representing 0.2934% of the total issuance [5][11]. - The total share capital of the company will increase to 2,958,653,728 shares following the redemption, which may dilute earnings per share in the short term [11][12]. - The redemption is expected to strengthen the company's capital position, optimize its capital structure, lower the debt ratio, and enhance its financing capabilities for sustainable development [11]. Group 4: Conversion Status - As of December 2, 2025, a total of 1,495,595,000 yuan of "Qibin Convertible Bonds" has been converted into 275,260,380 shares, accounting for 10.2471% of the company's total shares before conversion [6][12]. - The bonds will cease trading on December 28, 2025, and any remaining unconverted bonds will be frozen [8].