Jiamei Packaging(SZ:002969) Zhong Guo Zheng Quan Bao·2026-01-15 14:38Core Viewpoint - The company has decided to exercise the early redemption rights of its convertible bonds due to the stock price exceeding 130% of the conversion price for 15 out of 30 trading days, indicating a significant market reaction and potential investor risks [1][2]. Group 1: Convertible Bond Redemption - The company announced on January 15 that it will redeem all unconverted "Jia Mei Convertible Bonds" at a price of 100.893 yuan per bond, effective after the close of trading on February 5, 2026 [1][2]. - The "Jia Mei Convertible Bonds" were issued on August 9, 2021, with a total issuance of 7.5 billion yuan, consisting of 7.5 million bonds with a face value of 100 yuan each [2]. Group 2: Stock Performance and Market Conditions - As of January 15, the latest conversion price for the "Jia Mei Convertible Bonds" is 4.55 yuan per share, while the stock price closed at 17.38 yuan per share, reflecting a 9.99% decline [3]. - The stock price has experienced a significant increase of 323.46% from December 17, 2025, to January 14, 2026, leading to concerns about market overheating and irrational speculation [3]. Group 3: Financial Performance Outlook - The company expects a decline in net profit for the year 2025, projecting a range of 85.4371 million to 104.4231 million yuan, representing a year-on-year decrease of 43.02% to 53.38% [4].