债券代码：127052 债券简称：西子转债 西子清洁能源装备制造股份有限公司 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： 调整前"西子转债"转股价格为：11.00 元/股 调整后"西子转债"转股价格为：10.99 元/股 转股价格调整生效日期：2025 年 8 月 12 日 一、 关于"西子转债"转股价格调整的相关规定 证券代码：002534 证券简称：西子洁能 编号：2025－075 其中：P1 为调整后转股价；P0 为调整前转股价；n 为派送股票股利或转增 股本率；A 为增发新股价或配股价；k 为增发新股或配股率；D 为每股派送现金 股利。 当公司出现上述股份和/或股东权益变化情况时，将依次进行转股价格调整， 并在中国证券监督管理委员会指定的上市公司信息披露媒体上刊登转股价格调 整的公告，并于公告中载明转股价格调整日、调整办法及暂停转股时期(如需)。 当转股价格调整日为本次发行的可转债持有人转股申请日或之后，转换股份登记 日之前，则该持有人的转股申请按公司调整后的转股价格执行。 当公司可能发生股份回购、合并、分立或任何其他情形使公司股份类别 ...

Core Points - The company, Qingdao Huicheng Environmental Technology Group Co., Ltd., has announced adjustments to the conversion price of its convertible bonds, Huicheng Convertible Bonds [1][2][3] Group 1: Convertible Bond Issuance - The company issued 3.2 million convertible bonds with a total value of 320 million yuan, with an initial conversion price set at 17.11 yuan per share [1] - The bonds were approved by the China Securities Regulatory Commission and began trading on July 26, 2021 [1] Group 2: Conversion Price Adjustment Mechanism - The conversion price will be adjusted based on various corporate actions such as stock dividends, capital increases, and cash dividends, following specific formulas outlined in the announcement [2][3] - The adjusted conversion price will be published in accordance with regulatory requirements, detailing the adjustment date and method [3] Group 3: Historical Conversion Price Adjustments - The conversion price has been adjusted multiple times, including a reduction from 17.11 yuan to 17.06 yuan in June 2022, and further adjustments to 15.99 yuan in July 2023 and 15.93 yuan in August 2023 [3][4] - The most recent adjustment reduced the conversion price from 11.25 yuan to 11.15 yuan, effective from July 22, 2025 [5] Group 4: Recent Developments - The company held board meetings to approve the vesting of restricted stock for eligible employees, which will affect the conversion price of the bonds [5][6] - The new conversion price of 11.11 yuan per share will take effect on August 14, 2025, following the completion of the stock registration process [6]

Group 1 - The company held its 24th meeting of the 9th Board of Directors on August 8, 2025, with all 7 directors present, and the meeting was conducted via telecommunication [2][4] - The Board of Directors approved the proposal not to lower the conversion price of the "Heda Convertible Bonds" [3][4] - The current conversion price is set at 16.85 yuan per share, and the conversion period is from January 8, 2024, to July 2, 2029 [8][9] Group 2 - The company issued a total of 600 million yuan in convertible bonds, with a face value of 100 yuan each, on July 3, 2023 [9] - The initial conversion price was set at 17.40 yuan per share, which has been adjusted multiple times due to various corporate actions [11][12][14] - As of August 8, 2025, the company's stock has triggered the downward adjustment clause for the conversion price, but the Board decided not to implement any downward adjustments for the next six months [17]

Core Viewpoint - Zhejiang Liziyuan Food Co., Ltd. has completed the repurchase and cancellation of shares from its 2024 employee stock ownership plan, affecting its capital structure and the conversion price of its convertible bonds [1][3][10]. Group 1: Share Repurchase and Cancellation - The company held board meetings on April 26, 2025, and a shareholder meeting on May 19, 2025, to approve the repurchase and cancellation of shares from the 2024 employee stock ownership plan [1][10]. - A total of 4.3313 million shares were repurchased and canceled, with the process completed on July 31, 2025 [2][3]. - The company has received confirmation from the China Securities Depository and Clearing Corporation regarding the transfer and cancellation of these shares [3]. Group 2: Capital Structure Changes - Following the repurchase and cancellation, the company's capital structure will be adjusted, with specific data to be confirmed by the China Securities Depository and Clearing Corporation [4]. - The repurchase price for the canceled shares was set at 7.50 yuan per share [10]. Group 3: Convertible Bond Price Adjustment - The conversion price of the "Liziyuan Convertible Bonds" will be adjusted from 18.49 yuan per share to 18.61 yuan per share, effective from August 6, 2025 [11][14]. - This adjustment is due to the repurchase and cancellation of shares, in accordance with the company's bond issuance terms [13][14]. - The bonds were initially issued on June 20, 2023, with a total amount of 600 million yuan [8].

Core Viewpoint - The company has decided not to exercise the right to adjust the conversion price of its convertible bonds, "Xianle Convertible Bonds," despite meeting the conditions for downward adjustment, in order to protect the interests of all investors [10]. Group 1: Convertible Bond Issuance - The company issued 10.2489 million convertible bonds with a total fundraising amount of RMB 1,024.8929 million, netting RMB 1,016.1675 million after expenses [1]. - The bonds were listed on the Shenzhen Stock Exchange on May 14, 2021, under the name "Xianle Convertible Bonds" and code "123113" [2]. - The conversion period for the bonds began on October 25, 2021, following the end of the bond issuance [2]. Group 2: Conversion Price Adjustment - The conversion price was initially set at RMB 85.98 per share and was adjusted to RMB 56.92 per share after a cash dividend and capital increase [2][3]. - Subsequent adjustments to the conversion price occurred on several occasions, with the latest adjustment reducing the price to RMB 31.82 per share effective May 27, 2025 [8]. - The company has the authority to propose a downward adjustment of the conversion price if the stock price falls below 85% of the conversion price for at least 15 trading days within a 30-day period [9]. Group 3: Board Decisions - The company's board of directors convened on July 30, 2025, and decided not to propose a downward adjustment of the conversion price for the next six months, even if the conditions for adjustment are met again [10]. - This decision was made to maintain investor confidence and protect the interests of all stakeholders [10].

Core Viewpoint - The company anticipates a downward adjustment of the conversion price for its convertible bond "Jingrui Zhuan 2" due to the stock price falling below 85% of the current conversion price [1][10]. Summary by Sections Convertible Bond Issuance Overview - The company issued 5.23 million convertible bonds with a total value of 523 million yuan, each with a face value of 100 yuan, on August 16, 2021, with a 6-year term [1]. - The net proceeds from the bond issuance, after deducting issuance costs, amounted to approximately 514.7 million yuan [1]. Historical Adjustments of Conversion Price - The initial conversion price was set at 50.31 yuan per share, adjusted to 50.16 yuan on February 7, 2022, following a specific stock issuance [2]. - Subsequent adjustments occurred, with the conversion price reaching 29.62 yuan by July 10, 2023, and further adjustments leading to a price of 16.70 yuan by June 4, 2025 [6][9][10]. Downward Adjustment Clause for Conversion Price - The company has the authority to propose a downward adjustment of the conversion price if the stock price is below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [10][11]. - The adjustment requires approval from two-thirds of the voting rights at a shareholders' meeting, excluding bondholders from voting [10]. Anticipated Trigger for Downward Adjustment - As of July 10, 2025, the company's stock has recorded 10 trading days where the closing price was below 85% of the current conversion price of 16.70 yuan, indicating a potential trigger for a downward adjustment [11].

Core Viewpoint - The company has announced adjustments to the conversion price of its convertible bonds, "威唐转债," based on various corporate actions such as stock dividends, capital increases, and cash dividends [1][2][3]. Summary by Sections 1. Basis for Conversion Price Adjustment - The conversion price of "威唐转债" will be adjusted according to specific formulas when the company undergoes changes in its share capital or shareholder equity [1][2]. 2. Historical Adjustments of Conversion Price - On May 28, 2021, the conversion price was adjusted from 20.75 CNY/share to 20.72 CNY/share following a cash dividend distribution of 0.30 CNY per 10 shares [2]. - On July 1, 2022, the conversion price was adjusted due to another cash dividend distribution, with the new price effective from that date [3]. - On June 2, 2023, the conversion price was adjusted again due to a cash dividend distribution, with the new price effective from that date [3]. - On December 27, 2023, following a new stock issuance, the conversion price was adjusted from 20.62 CNY/share to 20.30 CNY/share [4]. - The conversion price was further adjusted to 20.28 CNY/share due to the 2023 profit distribution, effective from June 7, 2024 [5]. - Another adjustment occurred on September 13, 2024, lowering the conversion price to 20.25 CNY/share due to the 2024 semi-annual profit distribution [5]. - On November 1, 2024, the conversion price was significantly reduced to 15.00 CNY/share following a downward revision approved by the board [6]. - The conversion price was adjusted to 14.97 CNY/share due to the 2024 profit distribution, effective from June 9, 2025 [7]. 3. Reason and Result of Recent Adjustment - The recent adjustment of the conversion price is due to the completion of the repurchase and cancellation of 462,500 shares, which represents a 0.26% reduction in the total share capital [8]. - The new conversion price will be set at 14.99 CNY/share, effective from July 21, 2025, and this adjustment does not require a suspension of conversions [8].

Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds due to the implementation of the 2024 annual profit distribution, resulting in a decrease from 8.20 CNY/share to 8.09 CNY/share, effective from July 25, 2025 [1][2]. Group 1: Conversion Price Adjustment - The previous conversion price was set at 8.20 CNY/share, and the new conversion price will be 8.09 CNY/share after the adjustment [1][2]. - The adjustment is based on the company's 2024 annual profit distribution plan, which was approved at the shareholders' meeting on June 19, 2025, involving a cash dividend of 0.11 CNY per share (including tax) [1][2]. - The adjustment formula used for the conversion price is P1 = P0 - D, where P0 is the previous conversion price, D is the cash dividend per share, and P1 is the adjusted conversion price [2]. Group 2: Suspension and Resumption of Trading - The convertible bonds will be suspended from conversion starting July 17, 2025, and will resume conversion at the new price on July 25, 2025 [2]. - The company’s convertible bonds have a maturity period of six years, from December 10, 2020, to December 9, 2026, with the conversion period running from June 16, 2021, to December 9, 2026 [1].

New Stock Offerings - Jichuan Pharmaceutical (600566) is in the offer period from June 18, 2025, to July 17, 2025[1] - Zhongcheng Tui (300208) has 3 trading days remaining until the last trading day[1] - Tui Shi Jin Gang (600190) and Tui Shi Jin B (900952) both have 3 trading days remaining until the last trading day[1] Delisting and Trading Alerts - Hengli Tui (000622) has its last trading day on July 15, 2025[1] - Shangwei New Materials (688585) is experiencing severe abnormal fluctuations[1] - Multiple stocks including Huayin Power (600744) and Changcheng Military Industry (601606) have recent announcements regarding trading status[1] Market Trends and Insights - A total of 30 stocks are highlighted for trading alerts, indicating a significant market activity[1] - The report includes links to detailed announcements for each stock, providing transparency and access to further information[1]

Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds due to the implementation of its 2024 annual equity distribution plan, resulting in a new conversion price of 17.90 yuan per share, effective from July 23, 2025 [1][3]. Group 1: Conversion Price Adjustment Basis - The company issued 4.2 million convertible bonds with a total value of 420 million yuan on November 17, 2020, with an initial conversion price of 18.00 yuan per share [1]. - The adjustment formula for the conversion price is based on various corporate actions such as cash dividends, stock distributions, and capital increases [1][2]. Group 2: Reasons and Results of Adjustment - The company plans to distribute a cash dividend of 1.00 yuan per share to all shareholders, totaling 40,866,556.30 yuan (including tax), based on a total share capital of 408,665,563 shares as of April 18, 2025 [2]. - The conversion price is adjusted from 18.00 yuan to 17.90 yuan per share due to the cash dividend distribution, effective from the ex-dividend date of July 23, 2025 [3].