SHEN YU(SZ:300563) Sou Hu Cai Jing·2025-12-14 09:24Group 1 - The core point of the news is the announcement of the subscription results for the convertible bonds issued by Shenyu Co., Ltd. (300563), with a total of 213,600 winning numbers, each allowing the subscription of 10 bonds (1,000 yuan) [1] - The current stock price of the underlying asset for Shenyu convertible bonds is 36.40 yuan, with a conversion price of 39.31 yuan, resulting in a conversion value of 92.60, indicating that the conversion value is relatively low [2] - The hot market for convertible bonds suggests that despite the low conversion value, there may still be an estimated profit of around 300 yuan for investors who successfully subscribe [2] Group 2 - The stock market is currently around 3,900 points, a relative high not seen by many investors in the past decade, leading to a sense of caution among stockholders [3] - Historical valuation metrics indicate that the A-share market is no longer perceived as cheap, but this does not necessarily mean it is overvalued; rather, it reflects a long-term undervaluation of the Chinese stock market [4] - The narrative suggests that the undervaluation of Chinese stocks may change in the coming years due to structural economic improvements, enhanced corporate profitability, and the maturation of capital market systems, indicating a potential revaluation of A-shares and Hong Kong stocks [6]