科达利（002850）公告，截至2025年6月13日，公司股票在连续三十个交易日中已有十个交易日的收盘 价低于当前转股价格的85%(即126.40元/股)，预计后续可能触发转股价格向下修正条件。公司当前转股 价格为人民币148.7元/股，转股起止时间为2023年1月16日至2028年7月7日。本次触发转股价格修正条 件的期间从2025年5月30日起算。若触发转股价格修正条件，公司将及时履行后续审议程序和信息披露 义务。 ...

Key Points - The company has announced the possibility of triggering the downward adjustment of the conversion price for its convertible bonds due to the stock price closing below 85% of the current conversion price for 10 consecutive trading days [1] - The company issued 5.2 million convertible bonds on July 6, 2023, with a total issuance amount of 520 million yuan, and the net proceeds after deducting issuance costs were approximately 507.67 million yuan [1] - The initial conversion price for the bonds is set at 47.85 yuan per share, and the conversion period is from January 12, 2024, to July 5, 2029 [2] - If the stock price remains below 85% of the conversion price for at least 15 out of 30 consecutive trading days, the company’s board can propose a downward adjustment of the conversion price [6][7] - The conversion price was adjusted from 47.54 yuan to 29.58 yuan on June 6, 2024, after the conditions for downward adjustment were met [2] - The current conversion price is subject to further adjustments based on the company's stock performance and the implementation of annual profit distribution plans [6][8]

分析师：贸易不确定性遏制了欧元波动 金十数据6月5日讯，外汇分析师表示，从表面上看，欧洲央行下修通胀预期可能会引发更剧烈的外汇反 应。但挥之不去的贸易不确定性，以及最近欧元与利率的相关性的崩溃，使欧元在很大程度上受到了遏 制。不过，欧元再次测试日高，这是一个微妙的信号，表明即使在低波动环境下，交易商可能仍倾向于 上行敞口。 ...

| 投资者关系活动类别 | 特定对象调研 ☐分析师会议 | | --- | --- | | | ☐媒体采访 ☐业绩说明会 | | | ☐新闻发布会 ☐路演活动 | | | ☐现场参观 | | | ☐其他（请文字说明其他活动内容） | | 参与单位名称及人员 | 信堡信息技术公司罗雪珍 | | | 深高投资高睿 | | 姓名 | 华安证券李芳、胡倩倩、李玉伍 | | 时间 | 2025年5月28日10:00-11:00 | | 地点 | 公司会议室 | | 上市公司接待人员姓名 | 副总经理、董事会秘书罗联明 | | | 财务总监宋月月 | | 投资者关系活动主要 | 首先，副总经理、董事会秘书罗联明先生，财务总 | | | 监宋月月女士分别介绍了公司的业务、财务情况。 | | | 1、《关于深化新能源上网电价市场化改革 促进新 | | | 能源高质量发展的通知》（发改价格〔2025〕136号）对 | | 内容介绍 | 公司业务的影响？ | | | 答：目前，各省份的落实细则正在陆续出台中。光 | | | 伏行业资方也在观望，投资速度一定程度上也在放缓， | | | 对公司业务有一定的拖累。但我们认为光伏新能 ...

Group 1: Military Product Business - The company's military product orders have not shown significant cyclicality, with a year-on-year growth in the small solid rocket business as reported in the 2024 annual report [2] - The gross profit margin for military products increased significantly in 2022, primarily due to a higher proportion of high-margin guided rocket launch control systems sold during that year [2] - The company maintains a market share of over 50% in the artificial weather modification business, consistently holding the industry lead [3] Group 2: Subsidiary Performance - The low profit of the subsidiary, Supercode Technology, is attributed to intensified competition in the photovoltaic industry, leading to a decline in product prices and gross profit margins [4] - The subsidiary Sanwo Electromechanical has faced declining sales due to changes in national highway truck weight charging policies, prompting a shift towards "non-site enforcement" products, which are still in the market development phase [4] Group 3: Product Development and Market Feedback - The company is one of the first in China to develop small guided rockets weighing less than 20kg, with positive customer feedback regarding product quality and performance in counter-terrorism and anti-armor scenarios [5] - A series of small guided rockets have been developed and launched into the market, achieving economic benefits [5] Group 4: Financial Instruments and Corporate Strategy - Currently, the company has no plans to adjust the conversion price of its convertible bonds, with future decisions to be based on operational needs [6] - There are no ongoing plans for mergers or acquisitions [7] - The Sanwo Electromechanical division is undergoing a market transformation in response to policy changes, focusing on promoting "non-site enforcement" projects nationwide [8]

Core Viewpoint - The company has decided not to adjust the conversion price of its convertible bonds despite triggering the downward adjustment clause due to stock prices falling below 85% of the current conversion price [4][5]. Group 1: Convertible Bond Issuance - The company issued 2.8 million convertible bonds with a total value of 280 million yuan, approved by the China Securities Regulatory Commission [1]. - The bonds were listed on the Shenzhen Stock Exchange on February 10, 2023, under the name "声迅转债" and code "127080" [2]. Group 2: Conversion Price Adjustments - The initial conversion price was set at 29.34 yuan per share, which was adjusted to 29.14 yuan following a cash dividend distribution of 0.2 yuan per share [2][3]. - A further adjustment will take the conversion price down to 28.94 yuan per share effective from June 4, 2024 [3]. Group 3: Downward Adjustment Clause - The downward adjustment clause is triggered if the stock price is below 85% of the conversion price for at least 15 out of 30 consecutive trading days [4]. - The board has the authority to propose a downward adjustment, which requires a two-thirds majority approval from shareholders [4]. Group 4: Decision on Adjustment - As of May 27, 2025, the stock price had triggered the downward adjustment clause, but the board decided not to proceed with the adjustment [5]. - The company will reassess the situation if the clause is triggered again after May 28, 2025 [5].

Group 1 - The board of directors of Beijing Shouxin Electronics Co., Ltd. held its 17th meeting on May 27, 2025, where the attendance and procedural requirements were met [1][2] - The board reviewed and approved a resolution regarding the company's convertible bonds, noting that the stock price had been below 85% of the conversion price for at least 15 trading days out of the last 30 [1] - The board decided not to adjust the conversion price of the "Shouxin Convertible Bonds" despite the triggering of the downward adjustment clause [1][2] Group 2 - The voting results for the resolution were 4 votes in favor, 0 against, and 0 abstentions, with 2 members recusing themselves from the vote due to their holdings in the convertible bonds [2]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603477 证券简称：巨星农牧 公告编号：2025-048 债券代码：113648 债券简称：巨星转债 乐山巨星农牧股份有限公司 关于"巨星转债"预计触发转股价格向下修正条件的 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： ● "巨星转债"本次触发转股价格向下修正条件的期间从2025年4月28日起算，截止2025年5月26日，乐山 巨星农牧股份有限公司（以下简称"公司"）股价已出现有十个交易日的收盘价低于转股价的80%，若公 司股价在任意连续三十个交易日中至少有十五个交易日的收盘价低于转股价的80%，预计将触发"巨星 转债"转股价格向下修正条款，公司将于触发转股价格向下修正条款当日召开董事会决定是否行使"巨星 转债"的转股价格向下修正权利。 一、巨星转债基本情况 （一）可转债发行情况 据《上海证券交易所股票上市规则》有关规定及《乐山巨星农牧股份有限公司公开发行可转换公司债券 募集说明书》（以下简称"《募集说明书》"）的约定，公司发行的" ...

Core Viewpoint - The company has announced a potential downward adjustment of the conversion price for its convertible bonds due to the stock price falling below a specified threshold for a consecutive period [1][12]. Group 1: Convertible Bond Basic Information - The company issued 14,761,896 convertible bonds on November 4, 2020, with a total amount of RMB 1,476.1896 million and an initial conversion price of RMB 8.31 per share [2][3]. - The bonds were listed on the Shenzhen Stock Exchange on December 2, 2020, under the name "Yingfeng Convertible Bonds" with the code "127024.SZ" [3]. - The conversion period for the bonds is from May 10, 2021, to November 3, 2026 [4]. Group 2: Conversion Price Adjustment History - The initial conversion price was set at RMB 8.31 per share [6]. - The conversion price was adjusted to RMB 8.19 per share on July 8, 2021, following a cash dividend distribution [7]. - The conversion price was further adjusted to RMB 8.09 per share on July 20, 2022, due to another cash dividend distribution [8]. - The conversion price was adjusted again to RMB 7.98 per share on July 18, 2023, after a cash dividend distribution [9]. - The most recent adjustment set the conversion price at RMB 7.86 per share effective from July 16, 2024 [10]. Group 3: Downward Adjustment Clause - The company has a clause that allows for a downward adjustment of the conversion price if the stock price falls below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [11]. - If triggered, the company will follow the necessary procedures for the adjustment and disclose the details to investors [12]. - As of April 26, 2025, the stock price has been below RMB 6.681 per share for 10 trading days, indicating a potential trigger for the downward adjustment [12].

Core Viewpoint - The company announces that the "Qifan Convertible Bonds" are expected to trigger conditions for a downward adjustment of the conversion price due to the stock price being below 85% of the conversion price for ten consecutive trading days from May 8, 2025, to May 21, 2025 [1][5] Summary by Sections Convertible Bond Issuance Overview - The company received approval from the China Securities Regulatory Commission for the public issuance of convertible bonds, amounting to 1 billion yuan, with a term of 6 years starting from June 17, 2021 [1][2] - The initial conversion price was set at 20.53 yuan per share [2] Adjustment of Conversion Price - The conversion price has been adjusted multiple times due to corporate actions: - Adjusted from 20.53 yuan to 20.10 yuan due to a restricted stock incentive plan [2] - Adjusted from 20.10 yuan to 19.86 yuan following the 2021 profit distribution [2] - Adjusted from 19.86 yuan to 19.75 yuan after the 2022 profit distribution [3] - Adjusted from 19.75 yuan to 19.59 yuan after the 2023 profit distribution, effective from June 18, 2024 [3] Downward Adjustment Clause and Trigger Conditions - The downward adjustment clause states that if the stock price is below 85% of the conversion price for at least 15 out of 30 consecutive trading days, the board may propose a downward adjustment [4] - The company will hold a board meeting to decide whether to exercise the downward adjustment right if the conditions are met [4][5]