DYRS(SZ:002713) Mei Ri Jing Ji Xin Wen·2025-12-23 15:11Core Viewpoint - *ST Dongyi is undergoing a restructuring plan, which has raised concerns among existing shareholders regarding the impending stock price ex-rights event, as the average price for capital reserve conversion is set at 5.89 yuan per share [2][6]. Group 1: Restructuring and Stock Price Impact - The restructuring plan involves a capital reserve conversion where every 10 shares will increase to 12.7 shares, raising the total shares from 420 million to 950 million, with the new shares not allocated to existing shareholders [4][6]. - The stock price is expected to undergo an ex-rights adjustment, which is a technical adjustment rather than a typical stock bonus, meaning existing shareholders will not receive additional shares [6][7]. - The stock price as of now is 10.42 yuan, and the ex-rights date is set for December 29, 2025, making the adjustment inevitable [6][7]. Group 2: Market Reactions and Historical Precedents - Historical examples from *ST Mingjia and *ST Ningke show that stocks can experience a rebound after an ex-rights event, with *ST Ningke seeing a 26.24% drop on the ex-rights day but later achieving a "seven consecutive board" rise [8][9]. - *ST Mingjia experienced a 9.55% drop on the ex-rights day but rebounded by 14.78% the following day, indicating potential for a similar recovery for *ST Dongyi if market sentiment remains positive regarding the restructuring [9]. - The market's perception of the restructuring's success and the improvement of assets and operations will significantly influence whether *ST Dongyi can replicate the rebound seen in its peers [9].