NJBK(SH:601009) 券商中国·2025-07-19 10:27Core Viewpoint - Nanjing Bank's "Nan Yin Convertible Bond" has been forcibly redeemed and converted into A-shares, leading to an increase in the bank's total share capital and enhancing its capital strength for sustainable development [1][3][7]. Summary by Sections Announcement of Redemption - On July 18, Nanjing Bank announced the strong redemption and conversion of its "Nan Yin Convertible Bond," which has been delisted from the Shanghai Stock Exchange [1]. - The total amount of "Nan Yin Convertible Bond" converted into A-shares reached 199.96 billion yuan, resulting in 2.357 billion shares being converted [2][5]. Impact on Share Capital - Following the redemption, Nanjing Bank's total share capital increased to 12.364 billion shares [6]. - The conversion accounted for 23.55% of the bank's total A-shares before the conversion [5]. Financial Implications - The high conversion rate allows Nanjing Bank to further supplement its capital, which is beneficial for long-term sustainable development despite short-term dilution of earnings per share [3][7]. - The "Nan Yin Convertible Bond" achieved a conversion rate of 99.98%, indicating strong investor confidence in the bank's stock performance [11]. Market Context - Nanjing Bank is the fourth bank this year to complete forced redemption of convertible bonds, following Chengdu Bank, Suzhou Bank, and Hangzhou Bank [9]. - The overall market for bank convertible bonds is expected to reduce to seven after the completion of the redemption of "Qi Lu Convertible Bond" [10]. Stock Performance - Nanjing Bank's stock price has seen significant growth, with a 57.96% increase in 2024 and a 12.86% increase in 2025 as of July 18 [13]. - The banking sector has shown strong performance, with several banks experiencing notable stock price increases [14].