本次发行证券的种类为可转换为公司A股股票的可转换公司债券。本次可转债及未来经本次可转债 转换的公司A股股票将在上海证券交易所上市。 本次发行的可转债每张面值人民币100元，按面值发行。本次发行的可转债期限为自发行之日起六 年。本次发行的可转债票面利率的确定方式及每一计息年度的最终利率水平，提请公司股东会授权公司 董事会或董事会授权人士在发行前根据国家政策、市场状况和公司具体情况与保荐机构（主承销商）协 商确定。 本次发行的可转债采用每年付息一次的付息方式，到期归还所有未转换成公司A股股票的可转债本 金和最后一年利息。 本次发行的可转债转股期自可转债发行结束之日起满六个月后的第一个交易日起至可转债到期日 止。债券持有人对是否转股具有选择权，并于转股的次日成为上市公司股东。 中国经济网北京8月18日讯 申能股份（600642.SH）近日披露《向不特定对象发行可转换公司债券 预案》。公司本次向不特定对象发行可转换公司债券拟募集资金总额不超过人民币200,000.00万元（含 本数），扣除发行费用后募集资金净额将用于投资以下项目：申能新疆塔城托里县135万千瓦风电项 目、临港1＃海上光伏项目、补充流动资金。 本次可转 ...

Group 1 - The company plans to issue convertible bonds amounting to 1.292 billion yuan, totaling approximately 12.92 billion yuan [1] - The total number of convertible bonds to be issued is 12,924,948 shares [1] - The initial conversion price for the bonds is set at 19.59 yuan per share [1] Group 2 - The subscription date for the preferential allocation to existing shareholders and online subscription is scheduled for August 20, 2025 [1] - The subscription time on the issuance date is from 9:15 to 11:30 and 13:00 to 15:00 [1]

Investment Rating - The investment rating for the company is maintained at "Buy" with a target price of RMB 5.16 [1][5]. Core Views - The company reported a significant revenue increase of 53% year-on-year to RMB 38.2 billion in H1 2025, but net profit attributable to shareholders fell by 86% to RMB 1.7 billion due to low profit margins on delivered projects and inventory impairment provisions [1][2]. - The company is actively promoting the liquidation of idle assets and optimizing inventory structure, which may impact land acquisition and sales performance [1][3]. - The company has successfully obtained approval for the issuance of convertible bonds, which is expected to enhance liquidity and optimize asset structure [1][4]. Summary by Sections Financial Performance - In H1 2025, the company achieved a revenue of RMB 38.2 billion, a year-on-year increase of 53%, while net profit attributable to shareholders decreased by 86% to RMB 1.7 billion [1][2]. - The gross profit margin declined by 2.6 percentage points to 14.2%, and investment income turned negative at RMB -1.4 billion [2]. Sales and Asset Management - The company focused on sales liquidation, achieving a total sales amount of RMB 50.2 billion, which is an 11% increase year-on-year, outperforming the top 100 real estate companies [3]. - The company is expected to continue prioritizing inventory reduction and structural adjustment, with cautious land acquisition strategies [3]. Financing and Capital Structure - The company issued RMB 2.85 billion in domestic bonds at historically low interest rates, and it has received approval for a RMB 4.8 billion convertible bond issuance [4]. - The average financing cost in H1 2025 decreased by 46 basis points to 4.76% compared to 2024 [4]. Profit Forecast and Valuation - The earnings per share (EPS) forecast for 2025-2027 is RMB 0.30, RMB 0.42, and RMB 0.52 respectively, with a book value per share (BPS) of RMB 7.37 for 2025 [5][10]. - The company is valued at a price-to-book (PB) ratio of 0.7, corresponding to the target price of RMB 5.16 [5].

长高电新（002452）(002452.SZ)公告，公司于2025年8月14日收到深圳证券交易所出具的《关于受理长 高电新科技股份公司向不特定对象发行可转换公司债券申请文件的通知》。深交所对公司报送的向不特 定对象发行可转换公司债券的申请文件进行了核对，认为申请文件齐备，决定予以受理。 ...

智通财经APP讯，长高电新(002452.SZ)公告，公司于2025年8月14日收到深圳证券交易所出具的《关于 受理长高电新科技股份公司向不特定对象发行可转换公司债券申请文件的通知》。深交所对公司报送的 向不特定对象发行可转换公司债券的申请文件进行了核对，认为申请文件齐备，决定予以受理。 ...

Core Viewpoint - Shengjian Environment has withdrawn its application for issuing convertible bonds, which was intended to raise up to 500 million yuan for semiconductor-related projects and working capital [1] Group 1: Company Actions - On August 8, Shengjian Environment and its sponsor, Guotai Junan Securities, submitted a request to the Shanghai Stock Exchange to withdraw the application for issuing convertible bonds [1] - On August 11, the Shanghai Stock Exchange officially terminated the review of the convertible bond issuance [1] Group 2: Fundraising Purpose - The company planned to raise no more than 500 million yuan, with funds primarily allocated for the "Domestic Semiconductor Process Auxiliary Equipment and Key Components Project (Phase I)" and to supplement working capital [1] - The project aligns with national industrial policies and the company's strategic development direction, aiming to enhance automation production capabilities in semiconductor auxiliary equipment and key components [1] Group 3: Market Outlook - Shengjian Environment emphasized that the fundraising project relies on the company's existing technology and business experience, indicating a favorable market outlook and potential to enhance the company's sustainable profitability [1]

Core Viewpoint - Shengjian Technology has decided to terminate the issuance of convertible bonds to unspecified objects and withdraw the application documents due to changes in external environment and its own development plans [1] Group 1: Announcement Details - The company held its 15th meeting of the third board of directors and the 13th meeting of the third supervisory board on August 8, 2025, where the decision to terminate the bond issuance was approved [1] - The proposed issuance aimed to raise a total of RMB 492.80 million, which was intended for projects related to domestic semiconductor process auxiliary equipment and working capital replenishment [1] Group 2: Bond Issuance Specifications - The type of securities to be issued is convertible bonds that can be converted into the company's A-shares, with a face value of RMB 100 per bond [2] - The bonds were set to have a term of six years from the date of issuance, with interest paid annually and the principal returned at maturity [3] - The conversion period for the bonds was to start six months after issuance and last until the maturity date [4] Group 3: Underwriting and Regulatory Aspects - The lead underwriter for the bond issuance was Guotai Junan Securities Co., Ltd., with representatives Hu Panpan and Zhou Hangning [5]

Core Viewpoint - Sanxin Medical (300453) announced a plan to issue convertible bonds to unspecified investors, aiming to raise a total of no more than 530 million yuan, including the principal amount [1] Summary by Categories Fundraising Details - The company plans to issue convertible bonds that can be converted into A-shares [1] - The total amount to be raised is capped at 530 million yuan [1] Investment Projects - The fundraising will support four main projects: 1. Expansion project for the annual production of 10 million blood dialysis membranes and 10 million blood dialysis devices [1] 2. Establishment of a new production line for high-performance blood purification equipment and supporting consumables, with an annual capacity of 30 million sets of blood dialysis tubing [1] 3. Expansion of the irradiation sterilization production line for Jiangxi Chengtukang Electronics [1] 4. Supplementing working capital [1]

Core Viewpoint - ZTE Corporation has successfully completed the issuance of H-share convertible bonds totaling RMB 3.584 billion, which are zero-coupon, US dollar-settled, and will mature in 2030 [1] Financial Data - Issuance Scale: RMB 3.584 billion [1] - Net Proceeds: Approximately USD 494.3 million (equivalent to about RMB 3.543 billion) [1] - Purpose of Funds: To enhance the company's investment in computing power product research and development [1] Important Timelines - Issuance Completion Date: August 5, 2025 [1] - Expected Listing Date: August 6, 2025, on the Hong Kong Stock Exchange [1] - Maturity Date: 2030 [1] Additional Points - All preconditions of the subscription agreement have been fulfilled [1] - Convertible shares have received listing and trading approval from the Hong Kong Stock Exchange [1] - The company will comply with relevant filing procedures as per the China Securities Regulatory Commission [1] - Joint Global Coordinators are CITIC Securities and CITIC Jinshi International [1]

Core Viewpoint - The company Jingyan Technology (300709) plans to issue convertible bonds to raise funds for various projects, including the production of precision MIM components for new consumer electronics and data servers, as well as the construction of its headquarters and R&D center [1][2]. Group 1: Convertible Bond Issuance - The company intends to issue convertible bonds with a face value of 100 yuan each, with a total fundraising amount not exceeding 577.89 million yuan [2][4]. - The bonds will have a term of six years and will be listed on the Shenzhen Stock Exchange's Growth Enterprise Market [1]. - The initial conversion price will be determined based on the average stock price over the 20 trading days prior to the announcement, ensuring it does not fall below the latest audited net asset value per share [1][2]. Group 2: Fund Allocation - The total investment for the projects funded by the bond issuance is approximately 588.42 million yuan, with the following allocations: - New consumer electronics and data server precision MIM components production project: 405.34 million yuan - Headquarters and R&D center construction project: 122.06 million yuan - Precision mold center construction project: 61.02 million yuan [4]. - The net proceeds from the bond issuance will be used specifically for these projects after deducting issuance costs [2][4]. Group 3: Shareholder Rights and Prioritization - Existing shareholders will have priority in the allocation of the convertible bonds, with specific ratios to be determined by the board of directors [4]. - The bonds will not be guaranteed, and a qualified credit rating agency will conduct credit ratings and follow-up ratings for the bonds [4].