Core Viewpoint - The company has adjusted its plan for issuing convertible bonds, including changes in the number of bonds, total issuance scale, and the use of raised funds [2][3][5] Group 1: Issuance Details - The number of convertible bonds to be issued has been adjusted from a maximum of 5,812,500 to 5,625,000 [2][3] - The total amount of the convertible bond issuance has been revised from RMB 58,125.00 million to RMB 56,250.00 million [3][5] Group 2: Fund Utilization - The net amount of raised funds (after deducting issuance costs) will be used for specific projects, with the total investment amount adjusted from RMB 58,334.98 million to RMB 56,459.98 million [3][5] - The company will prioritize the use of raised funds based on the importance and urgency of the projects, and any shortfall will be addressed through self-raised funds [4][5] Group 3: Regulatory Compliance - The issuance plan is subject to approval from the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission [6]

Group 1 - The company received a second round inquiry letter from Shenzhen Stock Exchange regarding its application to issue convertible bonds to unspecified objects on July 7, 2025 [1] - The company has responded to the inquiry letter by addressing each question raised and has disclosed the detailed response on July 9, 2025 [1] - The issuance of convertible bonds is subject to approval from Shenzhen Stock Exchange and the China Securities Regulatory Commission, with the timeline for approval remaining uncertain [2] Group 2 - The company assures that the information disclosed is true, accurate, and complete, with no false records or misleading statements [1] - The company will fulfill its information disclosure obligations in accordance with relevant laws and regulations as the situation progresses [2]

Core Viewpoint - The company plans to issue convertible bonds to unspecified investors, with a total amount not exceeding RMB 880 million, to support its operational and investment needs [5][16]. Group 1: Issuance Overview - The type of securities to be issued is convertible bonds that can be converted into the company's A-share stock [5]. - The total issuance amount is capped at RMB 880 million, with the specific amount to be determined by the board of directors [5][16]. - Each bond will have a face value of RMB 100 and will be issued at par [6]. Group 2: Terms and Conditions - The bonds will have a maturity period of six years from the date of issuance [6]. - The interest will be paid annually, with the principal and final year's interest due at maturity [6][7]. - The conversion period for the bonds will start six months after issuance and end at maturity [7]. Group 3: Financial Information - As of March 31, 2025, the company's total assets amounted to approximately RMB 2.52 billion, with total liabilities of about RMB 671 million [20][21]. - The company's net profit for the first quarter of 2025 was approximately RMB 10.74 million, showing a significant increase compared to previous years [23]. Group 4: Use of Proceeds - The proceeds from the bond issuance will be allocated to various projects, with a total investment requirement of approximately RMB 993.75 million [17][18]. - The company has the authority to adjust the allocation of funds based on actual project needs, should the proceeds be less than anticipated [18].

Core Viewpoint - Changzhou Aohong Electronics Co., Ltd. is responding to the Shanghai Stock Exchange's inquiry regarding its application for issuing convertible bonds, specifically addressing financial and accounting issues related to its fundraising project for a production base in Thailand [1][2]. Group 1: Financing Scale and Effectiveness - The project aims to construct a production base in Thailand with a total investment of 595.04 million yuan, which includes building construction, site decoration, hardware equipment, and other costs. The project is expected to achieve an average annual revenue of 663.2 million yuan after reaching full production capacity, with a pre-tax internal rate of return of 13.77% and a payback period of 7.39 years [2][3]. - The project will have an annual production capacity of 1.2 million square meters for single-sided, double-sided, and multi-layer boards, with a total construction area of 70,574 square meters [8][10]. Group 2: Investment Breakdown - The investment breakdown for the project includes: - Construction costs: 157.51 million yuan, covering main factory buildings, auxiliary buildings, and employee living quarters [5][6]. - Hardware equipment costs: 384.28 million yuan, for production, testing, and storage equipment [6][7]. - Software tools: 2.5 million yuan for production management and control software [8]. - Other construction costs: 29.83 million yuan for land acquisition and management fees [8]. - Contingency costs: 2.82 million yuan, calculated as 0.5% of the project costs [8]. Group 3: Comparison with Industry Standards - The unit construction cost for the project is approximately 0.25 million yuan per square meter, which is within the reasonable range compared to similar projects in the region, where costs range from 0.21 to 0.45 million yuan per square meter [15][16]. - The project’s equipment investment per unit capacity is 320.23 yuan per square meter, which is lower than the average of 451.75 yuan per square meter for comparable projects in the industry, indicating a reasonable investment strategy [12][14].

Core Viewpoint - Jiangsu Libat Co., Ltd. is issuing 750 million yuan of convertible bonds to unspecified investors, having received approval from the China Securities Regulatory Commission [1][19]. Group 1: Issuance Details - The total amount of the convertible bonds to be issued is 750 million yuan [13]. - The bonds will be issued at a price of 100 yuan per bond [14]. - The issuance will prioritize existing shareholders, who can subscribe to the bonds based on their shareholding as of July 2, 2025 [9][10]. Group 2: Subscription Process - The subscription date for existing shareholders is set for July 3, 2025, during normal trading hours [11]. - The subscription ratio for existing shareholders is 0.001689 bonds per share [5][10]. - Investors must ensure they have sufficient funds in their accounts to cover their subscription amounts [12]. Group 3: Underwriting and Risk Management - The lead underwriter, Guotai Junan Securities Co., Ltd., will underwrite any shortfall in subscriptions, with a maximum underwriting limit of 30% of the total issuance [8][19]. - If the total subscriptions do not reach 70% of the issuance amount, the issuer and underwriter may consider suspending the issuance [17][19]. Group 4: Investor Eligibility - Eligible investors include individuals, legal entities, and other investors holding accounts with the China Securities Depository and Clearing Corporation [12][14]. - Investors must comply with the relevant regulations regarding the suitability of investments in convertible bonds [12][14].

Core Viewpoint - Suzhou Kecuan Electronic Technology Co., Ltd. is planning to issue convertible bonds to raise a total of up to RMB 500 million for its lithium battery new composite material project, which is expected to achieve an internal rate of return of 19.50% and a static investment payback period of 6.70 years [2][3]. Financing Scale and Effectiveness Assessment - The total investment for the lithium battery new composite material project (Phase I) is RMB 748.38 million, with RMB 500 million planned to be raised through this bond issuance [3][4]. - The project is expected to reach full production capacity in the fifth year, with an annual production capacity of 95 million square meters of composite aluminum foil [7][8]. - The financing scale is deemed reasonable based on the company's existing cash flow, funding gaps, and the projected investment needs over the next three years [10][12]. Project Investment Breakdown - The project includes specific investments in engineering construction and equipment procurement, with no allocation for non-capital expenditures exceeding 30% of the total raised funds [4][6]. - The engineering construction costs are estimated at RMB 138.92 million, while equipment procurement costs total RMB 533.01 million, primarily for the purchase of 18 vacuum coating machines [5][6]. Revenue and Profitability Projections - The projected sales prices for the composite aluminum foil are set at RMB 10 per square meter for consumer electronics and RMB 7 per square meter for power batteries, with a planned annual price reduction of 10% starting from the fifth year [12][13]. - The expected revenue from the project is projected to reach RMB 517 million in the fifth year, with cumulative revenues increasing significantly in subsequent years [15]. Cost Structure and Financial Health - The main production costs include direct materials, labor, and depreciation, with careful consideration of production processes and historical data [15]. - The company anticipates a funding gap of approximately RMB 670.40 million, necessitating the bond issuance to cover operational and project-related expenses [10][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].

Meeting Overview - The fourth meeting of the supervisory board of Wuhu Berteli Automotive Safety Systems Co., Ltd. was held on June 26, 2025, with all three supervisors present, confirming the legality and validity of the meeting [1][2]. Convertible Bond Issuance - The supervisory board approved the proposal to clarify the issuance plan for convertible bonds to unspecified objects, with a total fundraising amount of RMB 2,802 million and an issuance of 28,020,000 bonds [2][3]. - Each bond has a face value of RMB 100 and will be issued at face value [2][3]. - The bonds will be listed on the Shanghai Stock Exchange [2][3]. Bond Characteristics - The bonds will have an annual interest rate of 2.0%, with interest paid annually starting from July 1, 2025 [3][4]. - The redemption price for unconverted bonds will be 110% of the face value, including the last annual interest [5][12]. - The bonds will not have a holding period restriction, allowing trading on the first day of listing [8][12]. Subscription and Allocation - Original shareholders will have priority in subscribing to the bonds, with the subscription date set for July 1, 2025 [5][6]. - The total number of shares eligible for priority allocation is 604,710,820, after excluding treasury shares [6][7]. - The minimum subscription unit is 1,000 RMB, with a maximum of 1,000,000 RMB per account [8][9]. Adjustments and Rights - The conversion price will be adjusted in case of stock dividends, capital increases, or cash dividends [10][11]. - Holders of the convertible bonds have the right to sell back their bonds to the company if certain conditions are met, such as the stock price falling below 70% of the conversion price [13][14]. Related Transactions - The company plans to increase and adjust the expected daily related transactions for 2025, specifically with Chery Automobile and its affiliates, increasing the procurement amount by RMB 65 million while keeping the sales amount unchanged at RMB 655.1 million [17].

Core Viewpoint - The company, Tongling Jingda Special Electromagnetic Wire Co., Ltd., is planning to issue convertible bonds to unspecified investors, which requires legal opinions to ensure compliance with relevant laws and regulations [1][2][3]. Group 1: Issuance Details - The company has obtained necessary internal approvals for the issuance of convertible bonds, including various resolutions related to the issuance plan and the use of raised funds [6][7][8]. - The total amount to be raised from the issuance is not exceeding 1.12622 billion yuan, which will be used for several projects including a 40,000-ton new energy copper-based electromagnetic wire project and an 80,000-ton new energy copper material project [12][16]. Group 2: Legal Compliance - The issuance complies with the Company Law and Securities Law, with the company having a sound organizational structure and fulfilling its obligations [10][11][14]. - The company has confirmed that the raised funds will not be used for loss compensation or non-productive expenditures, adhering to national industrial policies [16][17]. Group 3: Company Background - The company is a legally established joint-stock limited company with its shares publicly traded on the Shanghai Stock Exchange since September 11, 2002 [10][19]. - The company has maintained continuous profitability over the past three years, indicating a stable operational status [25]. Group 4: Shareholder Structure - As of the reporting period, the major shareholders include Huazhong Insurance and Qiao Xiaohui, with no single shareholder holding more than 50% of the shares, ensuring no dominant control [22][23]. - The actual controller, Li Guangrong, holds a total of 9.28% of the shares through various entities, maintaining a diversified ownership structure [22][24]. Group 5: Independence and Operations - The company operates independently from its major shareholders and has a complete production and sales system, ensuring operational autonomy [19][20]. - The company has not faced any significant legal or regulatory issues, and its business activities align with national industrial policies [25].

证券代码：605319 证券简称：无锡振华 公告编号：2025-034 无锡市振华汽车部件股份有限公司 保荐人（主承销商）：东方证券股份有限公司 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： 无锡市振华汽车部件股份有限公司（以下简称"发行人"或"公司"）向不 特定对象发行可转换公司债券（以下简称"可转债"）已获得中国证券监督管理 委员会证监许可〔2025〕995 号文同意注册。东方证券股份有限公司（以下简称"东 方证券""主承销商"或"保荐人（主承销商）"）为本次发行的保荐人（主承 销商）。本次发行的可转债简称为"锡振转债"，债券代码为"111022"。 | 类别 | 认购数量（手） | | 放弃认购数量（手） | | | --- | --- | --- | --- | --- | | 原股东 | 448,228 | | 0 | | | 网上社会公众投资者 | | 70,505 | | 1,267 | | 网下机构投资者 | | - | | - | | 主承销商包销数量 | | | | | | （放弃认购总数 ...