JSAC(SH:600389) Sou Hu Cai Jing·2026-01-14 19:01Summary of Key Points Core Viewpoint - Jiangshan Co., Ltd. is in the process of issuing convertible bonds to raise up to 1.2 billion yuan for various projects, including green herbicides and chiral pesticide upgrades, with the application already accepted by the Shanghai Stock Exchange [2][3]. Group 1: Trading Information - As of January 14, 2026, Jiangshan Co., Ltd. closed at 22.93 yuan, down 0.95%, with a turnover rate of 2.22%, trading volume of 95,800 shares, and a total transaction value of 221 million yuan [1]. - On the same day, the net outflow of main funds was 4.67 million yuan, accounting for 2.11% of the total transaction value, while speculative funds saw a net inflow of 9.58 million yuan, representing 4.33% of the total transaction value [2][4]. Group 2: Company Announcements - Shenwan Hongyuan Securities issued a sponsorship letter confirming that Jiangshan Co., Ltd. meets the conditions for issuing and listing convertible bonds, with average distributable profits over the last three years sufficient to cover one year of bond interest [2]. - Beijing Wei Heng Law Firm provided a legal opinion affirming the company's eligibility to issue bonds in compliance with relevant laws and regulations, pending approval from the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission [2]. - The prospectus for the convertible bond issuance indicates that the total amount raised will not exceed 1.2 billion yuan, aimed at funding new projects and supplementing working capital, with the company's credit rating and bond rating both at AA+ [2].