Recodeal(SH:688800) Shang Hai Zheng Quan Bao·2025-12-10 14:07Core Viewpoint - Suzhou Ruikeda Connection System Co., Ltd. is issuing convertible bonds totaling 1 billion yuan, with a focus on expanding its market presence in the fields of new energy, communication, and industrial applications [5][24][32]. Overview - The convertible bonds will be listed on December 12, 2025, with a maturity period of six years from November 14, 2025, to November 13, 2031 [2][3]. - The total issuance amount is 1 billion yuan, with 10 million bonds issued at a face value of 100 yuan each [5][24]. - The bonds will be rated AA- by China Chengxin International Credit Rating Co., Ltd., with a stable outlook [4][34]. Company Background - The company specializes in the research, production, and sales of connection system products, and has developed a complete product chain including connectors, components, and modules [12][13]. - It has established itself as a key supplier in the new energy vehicle sector, providing comprehensive connection system solutions [15][20]. - The company aims to become a leader in the global connector industry, focusing on customer value and innovation [18][19]. Business Strategy - The company plans to deepen its focus on the communication and new energy sectors, enhancing its market share and product offerings [19][20]. - It will continue to invest in product research and development, targeting new business areas such as AI, data centers, and 6G communication [19][20]. - The company is also pursuing international expansion to provide products and services globally [19][20]. Financial Details - The bonds will have a tiered interest rate structure, starting at 0.20% in the first year and increasing to 2.00% by the sixth year [34]. - The initial conversion price for the bonds is set at 73.85 yuan per share [44]. - The total estimated issuance costs are approximately 11.15 million yuan [28].