福立旺完成可转债提前赎回，总股本增加致控股股东持股稀释

Group 1 - The core event is the early redemption of "Fuli Convertible Bonds" by Fuliwang on February 11, 2026, involving the redemption of 10,280 bonds and a total payout of 1.0321 million yuan, leading to the delisting of the convertible bonds on the same day [1] - This redemption increased the total share capital to 287,933,215 shares, resulting in a passive dilution of the controlling shareholder's stake to 33.33%, which may temporarily dilute earnings per share [1] - In the medium to long term, this event is expected to help reduce the company's debt ratio and interest expenses, marking it as a key factor affecting the company's capital structure [1] Group 2 - Over the past 7 trading days (February 6 to 12, 2026), Fuliwang's stock price exhibited significant volatility, with a range increase of 15.45% and an amplitude of 22.52% [2] - On February 11, the stock surged by 7.99%, closing at 25.00 yuan with a trading volume of 518 million yuan and a net inflow of 13.3745 million yuan from main funds [2] - The fund flow showed that on February 6 and 10, there were net outflows of 14.2143 million yuan and 12.4778 million yuan respectively, but on February 11, there was a shift to net inflow, indicating an improvement in short-term fund sentiment [2]