New Stock Offerings - ST新潮 (600777) is undergoing a tender offer period from April 23, 2025, to May 22, 2025[1] - 普利退 (300630) and 普利转退 (123099) have 1 trading day remaining until the last trading day[1] - ST立方 (300344) and 利君股份 (002651) have recent announcements but no specific actions noted[1] Market Alerts - 成飞集成 (002190) reported severe abnormal fluctuations[1] - *ST凌云B (900957) and 恒而达 (300946) have recent announcements with no specific actions noted[1] - 华阳新材 (600281) and 江天化学 (300927) have recent announcements with no specific actions noted[1] Other Notable Stocks - *ST恒久 (002808) and 豪恩汽电 (301488) have recent announcements with no specific actions noted[1] - 安纳达 (002136) and 吉华集团 (603980) have recent announcements with no specific actions noted[1] - *ST双成 (002693) and 天汽模 (002510) have recent announcements with no specific actions noted[1]

证券代码：603105 证券简称：芯能科技 公告编号：2025-024 因实施 2024 年度权益分派,本公司的相关证券停复牌情况如下： 证券代码 证券简称 停复牌类型 停牌起始日 停牌期间 停牌终止日 复牌日 可转债转股 停牌 转债代码：113679 转债简称：芯能转债 浙江芯能光伏科技股份有限公司 关于实施 2024 年度权益分派时"芯能转债"停止转股的 提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 证券停复牌情况：适用 三、其他 联系部门：证券事务部 联系电话：0573-87393016 电子邮箱：xnkj@sunorensolar.com ? 权益分派公告前一交易日（2025年5月23日）至权益分派股权登记日期间，本公司可 转换公司债券将停止转股。 一、本次权益分派方案的基本情况 浙江芯能光伏科技股份有限公司（以下简称"公司"）于2025年5月15日召开的2024 年年度股东大会，审议通过了《关于公司2024年度利润分配方案的议案》。公司2024年 度以实施权益分派股权登记日登记的总股 ...

证券代码：300258 证券简称：精锻科技 公告编号：2025-048 债券代码：123174 债券简称：精锻转债 已发行股份总额 10%的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 司"）向不特定对象发行的可转换公司债券（以下简称"可转债"）"精锻转债" 累计有4,809,642张转换成公司已发行的A股股票，转股数累计为50,623,659股，占公 司可转债开始转股前已发行股份总数481,770,753的10.51%。 锻转债"发行总量9,800,000张的50.92%。 一、可转债的基本情况 （一）可转债发行情况 经中国证券监督管理委员会《关于同意江苏太平洋精锻科技股份有限公司向不 特定对象发行可转换公司债券注册的批复》（证监许可202345号）文核准，江苏 太平洋精锻科技股份有限公司（以下简称"公司"）于2023年2月15日向不特定对象 发行980万张可转换债券，债券面值人民币100元，发行总额人民币98,000.00万元。 江苏太平洋精锻科技股份有限公司 关于可转债转股数额累计达到转股前公司 精锻转债的初始转股价格为13.09元/ ...

Key Points - The cumulative number of shares converted from the "Feikai Convertible Bonds" has reached 52,599,668 shares, accounting for 10.20% of the total shares issued before the conversion period and 9.29% of the current total share capital of the company [1][7] - As of May 16, 2025, there are still 120,806 "Feikai Convertible Bonds" unconverted, which represents 1.46% of the total issuance of 8,250,000 bonds [7] - The "Feikai Convertible Bonds" were issued on November 27, 2020, with a total amount of RMB 825 million, and the initial conversion price was set at RMB 19.34 per share [1][2] - The conversion price has been adjusted multiple times, with the latest adjustment bringing it down to RMB 15.30 per share as of the date of the announcement [6] - The conversion period for the bonds is from June 3, 2021, to November 26, 2026 [2]

Group 1 - The company plans to distribute a total cash dividend of 750 million yuan for the year 2024, including 249,797,301.20 yuan already distributed in the first half of the year [1][2] - The proposed cash dividend per share is 0.8317 yuan (tax included), based on the total share capital minus the shares repurchased [2] - The convertible bonds "Jiu Feng Ding 01" and "Jiu Feng Ding 02" will suspend conversion during the dividend distribution period and will resume conversion on the first trading day after the equity registration date [2][1] Group 2 - The company will adjust the per-share distribution amount if there are changes in the total share capital or the number of shares to be distributed before the equity registration date, while maintaining the total distribution amount [2] - The company’s board of directors and all directors guarantee the truthfulness, accuracy, and completeness of the announcement content [1]

Group 1: Company Operations - The construction of the factory in the United States is currently in progress, with updates to be disclosed according to regulatory requirements [3] - The company reported good export performance for cellulose ether in May 2025 [4] - The price of cellulose ether has remained stable in 2025, with no significant fluctuations observed [5][6] Group 2: Financial and Strategic Plans - The company's 2025 performance is expected to grow, with detailed plans available in the 2024 annual report [7] - The strategy to address U.S. trade tariffs includes reserving 4 to 6 months' worth of plant-based capsules in the U.S. warehouse, classified as accounts receivable in financial statements [7] - The purpose of the share buyback is to convert shares into convertible bonds, with plans to implement the buyback at an appropriate time following regulatory approval [7] Group 3: Future Projections and Risks - The U.S. factory will only produce plant-based capsules, with cellulose ether sourced from domestic imports, which may still face high tariff risks [8]

Group 1 - The recent increase in the forced redemption ratio of convertible bonds has returned to around 70%, indicating that investors have made profits while companies have successfully raised funds, resulting in a win-win situation [1][2] - Convertible bonds serve as a financial instrument that combines characteristics of both bonds and stocks, facilitating a mutually beneficial relationship between investors and companies [1][2] - Investors benefit from convertible bonds by having the option to convert into equity during favorable market conditions, thus sharing in the company's performance and asset appreciation [1][2] Group 2 - For listed companies, convertible bonds are an effective financing tool, offering lower financing costs and minimal dilution of equity compared to traditional financing methods [2] - The issuance of convertible bonds allows companies to raise necessary funds for growth without immediately increasing equity pressure, thereby enhancing their capital structure and market competitiveness [2] - The rise in the forced redemption ratio reflects the healthy operation of market mechanisms, ensuring fair and efficient functioning of the convertible bond market [2]

Group 1: Company Performance and Financials - The company has a market capitalization of 4.6 billion yuan and a debt-to-asset ratio of 33% [12] - The company reported a loss in Q1 2025 due to a supply-demand imbalance in the packaging paper market, resulting in decreased sales revenue and a slight decline in gross margin compared to the previous year [3][4] - The company has 7.44 million yuan of convertible bonds remaining to be converted, with plans to improve stock prices through enhanced operational performance [3] Group 2: Shareholder Engagement and Stock Management - The company has repurchased 600,000 shares, accounting for 0.0477% of total share capital, with a total transaction amount of 2,088,976 yuan (excluding transaction fees) as of April 30, 2025 [6][7] - The management acknowledges the current stock price is below its intrinsic value and is committed to improving operational management to enhance shareholder returns [5][7] - The second phase of share repurchase is ongoing, with decisions based on market conditions and company assessments [5][7] Group 3: Strategic Initiatives and Market Position - The company is investing in a new project to produce 50,000 tons of recycled sanitary paper to meet growing market demand, particularly in overseas markets [4] - The company is focusing on expanding its product line to enhance market competitiveness and align with national carbon neutrality policies [4][8] - The Malaysian project is structured in two phases, with the second phase aimed at addressing domestic market needs and improving investment returns [8]

Core Viewpoint - The company announced a suspension of the conversion of its convertible bonds due to the implementation of the 2024 annual profit distribution plan, which includes a cash dividend of RMB 3.5 per 10 shares [1] Group 1 - The company will stop the conversion of "Wantiangzhuan Bonds" from May 19, 2025, until the equity registration date [1] - The conversion of "Wantiangzhuan Bonds" will resume on the first trading day after the equity registration date [1] - The profit distribution plan for 2024 includes a cash dividend of RMB 3.5 per 10 shares, which is inclusive of tax [1] Group 2 - Following the implementation of the profit distribution plan, the company will adjust the conversion price of the convertible bonds [1]

Core Points - The announcement highlights that the controlling shareholders of the company, Mr. Xiao Zhengqiang and Mr. Xiao Gaoqiang, experienced a passive dilution of their shareholding from 35.89% to 34.78% due to the conversion of convertible bonds, which increased the total share capital of the company [1][2] - The dilution reached the thresholds of 1% and 5% but did not involve any increase or decrease in the number of shares held by the shareholders, nor did it trigger a mandatory tender offer [1][2] Shareholding Details - The total number of shares held by the controlling shareholders remained unchanged at 6,639.9195 million shares, but their percentage ownership decreased from 18.30% to 17.74% following the increase in total share capital to 374,292,644 shares as of May 8, 2025 [1][2] - Mr. Xiao Zhengqiang's shareholding decreased from 4.58% to 4.43%, while Mr. Xiao Gaoqiang's shareholding decreased from 13.73% to 13.30% [1][2] Conversion Details - The rights change occurred between April 28, 2025, and May 8, 2025, due to the conversion of the company's convertible bonds named "Qianglian Convertible Bonds" [1][2] - The announcement confirms that the change in shareholding does not affect the company's governance structure or ongoing operations significantly [1]