Group 1 - The company Shenma Industrial Co., Ltd. issued convertible bonds totaling 3 billion RMB, with a net amount of approximately 2.96 billion RMB after deducting issuance costs [1][10] - The convertible bonds have a maturity period of six years, from March 16, 2023, to March 15, 2029, with an annual interest rate starting at 0.20% in the first year [1][6] - The initial conversion price for the bonds is set at 8.38 RMB per share, subject to adjustments based on various corporate actions [2][3] Group 2 - The company reported a revenue of approximately 1.40 billion RMB for 2024, reflecting a 4.08% increase compared to the previous year [12][13] - The net profit attributable to shareholders decreased significantly by 77.57% to approximately 3.35 million RMB, primarily due to rising material costs and increased R&D investments [12][13] - The company's total assets decreased by 12.71% to approximately 2.80 billion RMB, while the net assets attributable to shareholders fell by 10.87% to approximately 716.33 million RMB [12][13] Group 3 - The company has a debt guarantee from its controlling shareholder, China Pingmei Shenma Group, covering the principal and interest of the bonds [10][11] - The company has established a special account for managing the funds raised from the bond issuance, ensuring proper allocation and usage [11] - The company has a current ratio of 1.87 and a quick ratio of 1.58 as of the end of 2024, indicating improved short-term solvency compared to the previous year [12][13]

Core Viewpoint - Jiangsu Jinling Sports Equipment Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price exceeding 130% of the conversion price for 15 consecutive trading days, leading to the decision to redeem the bonds early [2][6]. Group 1: Convertible Bond Overview - The company issued 250 million yuan of convertible bonds on February 18, 2021, with a face value of 100 yuan each and a term of six years [2][3]. - The bonds are listed on the Shenzhen Stock Exchange under the name "Jinling Convertible Bonds" with the code "123093" [3]. - The conversion period for the bonds is from July 26, 2021, to January 18, 2027 [3]. Group 2: Redemption Details - The conditional redemption clause allows the company to redeem the bonds if the stock price exceeds 130% of the conversion price [5]. - The current conversion price is set at 19.85 yuan per share, and the threshold for redemption is 25.805 yuan per share [6]. - The redemption price is confirmed at 101.726 yuan per bond, which includes accrued interest calculated based on the bond's interest rate of 3.5% [6][7]. Group 3: Redemption Process - The redemption will be executed for all bondholders registered with China Securities Depository and Clearing Corporation Limited by the redemption registration date of July 17, 2025 [7]. - Following the redemption, the bonds will be delisted from the Shenzhen Stock Exchange [7]. - Payments will be directly transferred to the bondholders' accounts through their custodial brokers [7].

Core Viewpoint - The report outlines the issuance of convertible bonds by Dazhong Mining Co., Ltd., detailing the bond's terms, the company's financial performance, and the management of the raised funds. Group 1: Bond Overview - The issuer is Dazhong Mining Co., Ltd., which changed its name from Inner Mongolia Dazhong Mining Co., Ltd. on July 31, 2024 [2]. - The total amount raised from the issuance of convertible bonds is RMB 1.52 billion, with each bond having a face value of RMB 100 [3][4]. - The bonds have a six-year term, with a fixed interest rate that increases annually from 0.30% in the first year to 2.00% in the sixth year [3][4]. Group 2: Financial Performance - In 2024, the company produced 3.7666 million tons of iron concentrate and 1.0501 million tons of pellets, generating total revenue of RMB 3.843 billion [20]. - The net profit for the year was RMB 751 million, with earnings per share of RMB 0.51 [20]. - The company's total assets increased by 9.67% year-on-year, reaching RMB 15.42 billion by the end of 2024 [21]. Group 3: Fund Utilization - The raised funds are allocated to various projects, including RMB 243.93 million for the iron selection technology transformation project and RMB 462.65 million for the intelligent mining mechanization upgrade project [18][24]. - The company plans to adjust the use of remaining funds to implement a lithium carbonate project, reflecting a strategic shift towards the lithium mining sector [24]. - As of December 31, 2024, the company had an unused balance of RMB 728.36 million from the raised funds [24]. Group 4: Management and Oversight - The trustee, Guodu Securities, has established a monitoring mechanism to oversee the issuer's credit status and the use of raised funds [19]. - The trustee has ensured compliance with the bond issuance regulations and has reported on the issuer's significant events and financial obligations [19][20].

Group 1 - The company, Zhe Kuang Heavy Industry Co., Ltd., issued convertible bonds totaling 320 million RMB, with a net amount of approximately 311.48 million RMB after deducting fees [3][4][12] - The bonds have a maturity period of 6 years, from March 9, 2023, to March 8, 2029, with an initial conversion price set at 48.79 RMB per share [4][5][8] - The company reported a revenue of approximately 653.11 million RMB for the year 2024, representing a 19.19% increase compared to 2023 [14] Group 2 - The company achieved a net profit of approximately 80.13 million RMB in 2024, while the net profit attributable to shareholders decreased by 29.47% compared to the previous year [14] - The total assets of the company increased by 8.56% year-on-year, reaching approximately 2.36 billion RMB by the end of 2024 [14] - The company has not experienced any delays in the payment of interest or principal on its various bonds and debt financing tools [14][15] Group 3 - The company has established a special account for the management of the funds raised from the bond issuance, ensuring proper oversight and usage of the funds [15] - As of December 31, 2024, the company had invested approximately 28.59 million RMB of the raised funds into its projects [15] - The company has not made any changes to the intended use of the raised funds, and the funds are being utilized as per the original commitments [15][16]

Group 1 - The company, Suzhou Kechuan Electronic Technology Co., Ltd., has received an inquiry letter from the Shanghai Stock Exchange regarding its application for issuing convertible bonds to unspecified objects [1][2] - The company has conducted thorough research and addressed the questions raised in the inquiry letter in collaboration with relevant intermediaries [1] - The company plans to publicly disclose the updated responses to the inquiry letter on the Shanghai Stock Exchange website [1][2] Group 2 - The issuance of convertible bonds is subject to approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [2] - There is uncertainty regarding whether the issuance will pass the review and receive registration approval from the regulatory authority [2] - The company commits to timely information disclosure based on the progress of this matter [2]

Core Viewpoint - The report outlines the management and status of the convertible bonds issued by Jiangsu Sobute New Materials Co., Ltd., detailing the bond's terms, financial performance, and the company's operational status in 2024. Section 1: Debt Situation - The company has issued a total of 800,000 convertible bonds with a total value of RMB 80 million, approved by the board and shareholders [3][4]. - The bonds are set to mature in six years, from July 1, 2022, to June 30, 2028, with an annual interest rate that increases from 0.30% in the first year to 3.00% in the sixth year [4][5]. Section 2: Financial Performance - In 2024, the company reported a revenue of RMB 355.54 million, a slight decrease of 0.75% compared to 2023 [15]. - The net profit attributable to shareholders decreased by 40.24% to RMB 9.59 million [15]. - The net cash flow from operating activities increased by 56.97% to RMB 58.07 million [15]. Section 3: Fund Utilization - The company raised RMB 79.1 million after deducting underwriting fees, with the funds allocated to specific projects and managed in a dedicated account [4][15]. - As of December 31, 2024, the company had utilized RMB 63.38 million of the raised funds, with a remaining balance of RMB 15.96 million [15][16]. - The company has not changed the use of raised funds or used idle funds for temporary liquidity [16]. Section 4: Company Overview - Jiangsu Sobute New Materials Co., Ltd. is a leading supplier of new civil engineering materials in China, specializing in high-performance concrete additives [14]. - The company has received multiple accolades, including being recognized as a national high-tech enterprise and a champion product by the Ministry of Industry and Information Technology [14].

证券代码：300498 证券简称：温氏股份 债券代码：123107 债券简称：温氏转债 温氏食品集团股份有限公司 向不特定对象发行可转换公司债券 受托管理事务报告 （2024年度） 债券受托管理人 中国国际金融股份有限公司 北京市朝阳区建国门外大街1号国贸大厦2座27层及28层 重要声明 中国国际金融股份有限公司（以下简称"中金公司"）编制本报告的内容及信息均来 源于温氏食品集团股份有限公司（以下简称"发行人"、"公司"）相关信息披露文件以 及第三方中介机构出具的专业意见。中金公司对报告中所包含的相关引述内容和信息未 进行独立验证，也不就该等引述内容和信息的真实性、准确性和完整性做出任何保证或 承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关事宜做 出独立判断，而不应将本报告中的任何内容据以作为中金公司所作的承诺或声明。在任 何情况下，投资者依据本报告所进行的任何作为或不作为，中金公司不承担任何责任。 目 录 第十三章 与发行人偿债能力和增信措施有关的其他情况及受托管理人采取的应对措 第一章 可转换公司债券概要 一、注册文件和注册规模 经中国证券监督管理委员会《关于同意温氏食 ...

Group 1 - The company issued convertible bonds totaling RMB 200 million, with a net amount of RMB 198.966 million after deducting issuance costs [1][10][12] - The bonds have a maturity period of six years, from July 15, 2021, to July 14, 2027, with an annual interest rate that increases from 0.30% in the first year to 1.50% in the fifth year [1][3][12] - The initial conversion price for the bonds is set at RMB 145.63 per share, subject to adjustments based on various corporate actions [3][4][6] Group 2 - The funds raised will be allocated to two main projects: the "Baiwangxin Emergency Engineering Construction Project" and the "Adenovirus Vector COVID-19 Vaccine Workshop Project," with a total investment of RMB 317.267 million [9][10][12] - The company reported a significant decline in revenue for 2024, with total revenue of approximately RMB 2.652 billion, down 23.75% from the previous year [12] - The net profit for 2024 was RMB 20.155 million, representing a 76.60% decrease compared to the previous year, attributed to increased fixed asset depreciation and other factors [12][13] Group 3 - The company has a credit rating of AA for the bonds, with a stable outlook as assessed by Zhongjian Pengyuan Credit Rating Co., Ltd. [10][11] - The company has implemented strict management and supervision of the raised funds, ensuring compliance with relevant regulations [12][13] - The company has a total asset value of approximately RMB 14.564 billion as of December 31, 2024, reflecting a decrease of 3.46% from the previous year [12]

Core Viewpoint - The company is proposing to issue convertible bonds to unspecified investors to raise funds for business expansion and enhance profitability, with a total fundraising target of up to RMB 150,000 million [10][22][23]. Group 1: Meeting Procedures - The meeting will be held on July 14, 2025, at 10:00 AM, with both on-site and online voting options available [5][6]. - Shareholders must register to attend the meeting and can express their opinions or ask questions within the first 15 minutes after the meeting starts [2][3]. - The voting process will combine on-site and online methods, with the first vote being the final result if repeated [4][5]. Group 2: Bond Issuance Details - The proposed convertible bonds will have a face value of RMB 100 each and a term of six years [10][11]. - The total amount to be raised through the bond issuance will not exceed RMB 150,000 million, with the specific amount to be determined by the board of directors [10][22]. - The bonds will be listed on the Shanghai Stock Exchange, and the interest will be paid annually [11][12]. Group 3: Financial Health and Compliance - The company meets the necessary qualifications for issuing convertible bonds, including having a sound organizational structure and sufficient profit to cover interest payments [9][10]. - The company has not faced any significant legal or financial issues that would impede its ability to issue bonds [8][9]. - The funds raised will not be used for non-productive expenditures or to cover losses, ensuring compliance with relevant regulations [9][22]. Group 4: Use of Proceeds - The funds from the bond issuance will be allocated to specific projects aimed at enhancing the company's operational capabilities and market competitiveness [22][24]. - The total investment for the projects is estimated at RMB 203,433.29 million, with the bond proceeds covering RMB 150,000 million of this amount [22]. Group 5: Shareholder Rights and Protections - The company has outlined measures to mitigate the dilution of immediate returns for existing shareholders due to the bond issuance [27]. - Shareholders will have priority in the allocation of the bonds, with specific arrangements for existing shareholders to participate [19][20]. - The company has committed to ensuring that the interests of minority investors are protected throughout the bond issuance process [27].

Group 1 - The core viewpoint of the news is the performance and characteristics of Mengsheng Convertible Bonds, which closed at 221.166 yuan per share with a trading volume of 600 million yuan and a conversion premium rate of 7.58% [1] - Mengsheng Convertible Bonds have a credit rating of "A" and a maturity period of 6 years, with a coupon rate that increases over the years, starting from 0.20% in the first year to 2.50% in the sixth year [1] - The underlying stock for the convertible bonds is Mengsheng Electronics, which is engaged in satellite navigation, satellite communication, electronic countermeasures, and data link technology [1] Group 2 - For the first quarter of 2025, Mengsheng Electronics reported a revenue of 21.113 million yuan, representing a year-on-year increase of 48.01% [2] - The net profit attributable to shareholders was -0.15 billion yuan, showing a year-on-year increase of 30.88%, while the net profit excluding non-recurring items was -0.195 billion yuan, up by 26.22% year-on-year [2] - As of March 2025, the concentration of shareholding in Mengsheng Electronics is high, with the top ten shareholders holding a combined 49.52% and the top ten circulating shareholders holding 49.54% [2]