注意！操作不当将巨亏，逾10只可转债即将强赎！

Core Viewpoint - A significant number of convertible bonds are approaching mandatory redemption, with over 10 identified, prompting investors to pay close attention to the last trading days and conversion details to avoid losses [1][5]. Group 1: Mandatory Redemption Announcements - Multiple companies, including China Shipbuilding Emergency, Lian De Equipment, and Chu Jiang New Materials, have issued announcements regarding the early redemption of their convertible bonds [3]. - For instance, China Shipbuilding Emergency announced that its convertible bonds will be forcibly redeemed at a price of 100.77 CNY per bond if not converted by August 27, 2025, highlighting a significant price difference from the current market price [4]. - Lian De Equipment's convertible bonds will be redeemed at 101.70 CNY per bond if not converted by August 11, 2025, with a recommendation for holders to resolve any pledges or freezes before the conversion deadline [4]. Group 2: Last Trading and Conversion Dates - The North Lu convertible bonds have ceased trading, with the last trading day on July 30, 2025, and the final conversion day on August 4, 2025, after which they will be redeemed at 101.64 CNY per bond [6]. - The closing price of North Lu convertible bonds was 133 CNY per bond, indicating a potential loss of 23.58% for investors who do not convert by the deadline [7]. - Several convertible bonds, including Zhi Te, Fei Lu, and Lian De, will reach their last trading days in early August, necessitating close monitoring by investors [9]. Group 3: Risks of Non-Conversion - Convertible bond holders in the ChiNext board must have the appropriate trading permissions to convert their bonds, with a warning that those who do not meet suitability requirements cannot convert their bonds into stocks [8]. - Most of the identified convertible bonds are priced above 110 CNY per bond, with some exceeding 150 CNY, indicating a risk of significant losses if investors fail to sell or convert in time [10]. Group 4: Non-Redemption Decisions - Some companies, such as Microchip Biotech and Tongguang Cable, have opted not to redeem their convertible bonds early, citing compliance with specific price conditions [12][14]. - Microchip Biotech's board decided against early redemption after meeting the required stock price conditions, while Tongguang Cable also chose not to exercise its redemption rights [13][14]. - Other companies like Aofei Convertible Bonds and Huicheng Convertible Bonds have similarly announced their decision not to redeem early [15].