Core Viewpoint - The company, Yantai Ruichuang Micro-Nano Technology Co., Ltd., announced the adjustment of the conversion price for its convertible bonds due to the implementation of the 2024 annual equity distribution, with the new conversion price set at 39.35 CNY per share, down from 39.43 CNY per share [1]. Group 1: Equity Distribution and Conversion Price Adjustment - The equity distribution will result in the suspension of the conversion of convertible bonds from July 2, 2025, to July 8, 2025, with resumption on July 9, 2025 [1]. - The adjustment of the conversion price is based on the company's issuance of convertible bonds and the relevant regulations, with the new price calculated as 39.35 CNY per share after accounting for a cash dividend of 0.08 CNY per share [1]. - The total share capital of the company is 456,962,515 shares, with 448,698,915 shares participating in the distribution after deducting shares held in the repurchase account [1]. Group 2: Regulatory Compliance and Investor Information - The equity distribution plan was approved at the company's annual general meeting on May 20, 2025, and the details were disclosed on the Shanghai Stock Exchange [1]. - Investors seeking more information about the convertible bonds can refer to the company's prospectus published on December 28, 2022 [1]. - The company has a legal responsibility to ensure the accuracy and completeness of the announcement content [1].

证券代码：000789 证券简称：万年青 公告编号：2025-55 债券代码：127017 债券简称：万青转债 债券代码：524330 债券简称：25 江泥 01 江西万年青水泥股份有限公司 关于实施"万青转债"转股价格调整的提示性公告 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"万青转债"转股价格为：8.67 元/股 调整后"万青转债"转股价格为：8.53 元/股 转股价格调整起始日：2025 年 7 月 10 日 一、转股价格调整依据 江西万年青水泥股份有限公司（以下简称"公司"）于 2020 年 6 月 3 日公开发行了 1000 万张可转换公司债券，每张面值 100 元，发行总额为 根据中国证券监督管理委员会关于可转换公司债券发行的有关规定及 《江西万年青水泥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》）的相关条款，万青转债在发行之后，当公司 发生送红股、转增股本、增发新股或配股、派发现金股利等情况（不包括 因本次发行的可转债转股而增加的股本）使公司股份发生变化时，公司应 当同时调整转股价格并按下述公 ...

湖北京山轻工机械股份有限公司 J.S. Corrugating Machinery Co., Ltd. Stock Code : 000821 证券代码：000821 证券简称：京山轻机 公告编号：2025-22 湖北京山轻工机械股份有限公司 关于公司控股股东非公开发行可交换公司债券因公司 实施权益分派后换股价格调整的提示性公告 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、误导性陈述或者重大遗漏。 湖北京山轻工机械股份有限公司（以下简称"公司"）近日收到公司控股股 东京山京源科技投资有限公司（以下简称"京源科技"）的通知，其以公司部分 股票为标的发行的 2023 年非公开发行可交换公司债券（以下简称"本次可交换 公司债券"）因公司将于 2025 年 7 月 8 日向全体股东每 10 股派发现金红利 0.70 元（含税），京源科技将相应调整本次可交换公司债券的换股价格。具体情况如 下： 为人民币 2.00 亿元人民币，债券期限为 3 年，初始换股价格为 17.00 元/股，债 券简称："23 京源 EB"，债券代码："117212"。具体内容详见公司于 2023 年 10 月 26 ...

Core Viewpoint - The announcement details the conversion results of Huayou Cobalt's convertible bonds, highlighting the limited conversion activity and the significant amount of unconverted bonds remaining. Group 1: Convertible Bond Issuance Overview - Huayou Cobalt issued 76 million convertible bonds with a face value of 100 yuan each, totaling 7.6 billion yuan, with a maturity of 6 years and a tiered interest rate structure [3] - The initial conversion price was set at 110.26 yuan per share, which has undergone several adjustments since issuance [3][4] Group 2: Conversion and Redemption Status - As of June 30, 2025, a total of 2,135,000 yuan of Huayou convertible bonds have been converted into shares, amounting to 36,888 shares, which is 0.00231% of the total shares before conversion [2][14] - The remaining unconverted bonds amount to 7,597,865,000 yuan, representing 99.97191% of the total issuance [2][14] - During the second quarter of 2025, only 15,000 yuan of convertible bonds were converted, resulting in 430 shares [2][14] Group 3: Conversion Price Adjustments - The conversion price has been adjusted multiple times due to various corporate actions, with the latest adjustment setting the price at 34.43 yuan per share as of June 11, 2025 [10][11] - Significant adjustments include a drop to 45.00 yuan on January 31, 2024, and further reductions due to stock incentive plans and annual profit distributions [8][10] Group 4: Share Capital Changes - Following the conversion of bonds, the company's share capital structure has been updated, with a minor increase in total shares due to the conversion activity [15] Group 5: Contact Information - For further inquiries, the company can be contacted through its Securities Management Department at 0573-88589981 or via email at information@huayou.com [16][17]

Group 1 - The core point of the announcement is the adjustment of the conversion price for the company's convertible bonds due to the profit distribution plan for the year 2024 [1][2] - The conversion price before adjustment was set at RMB 4.12 per share, which will be adjusted to RMB 4.00 per share [1][2] - The effective date for the new conversion price will be July 9, 2025, following the equity distribution date of July 8, 2025 [1][2] Group 2 - The company issued a total of RMB 5 billion in A-share convertible bonds on August 25, 2020, under the name "Qingnong Convertible Bonds" [2] - According to the company's regulations, the conversion price is adjusted based on the formula: P1 = P0 - D, where P0 is the initial conversion price, D is the cash dividend per share, and P1 is the adjusted conversion price [2] - The cash dividend distribution will be RMB 1.20 per 10 shares for shareholders registered after the market closes on July 8, 2025, with no stock bonus or capital increase [1][2]

Core Viewpoint - Puyang Pina High-Temperature Materials (Group) Co., Ltd. will implement the 2024 annual equity distribution, affecting the convertible bonds' conversion rights during the specified period [1][2] Group 1: Equity Distribution and Convertible Bonds - The company will suspend the conversion of its convertible bonds (Pina Convertible Bonds; bond code: 127035) from July 3, 2025, until the equity distribution registration date for the 2024 annual equity distribution [1] - The conversion of the bonds will resume on the first trading day after the equity distribution registration date [1] - The convertible bonds will continue to trade normally during the suspension period, and bondholders are advised to pay attention [1] Group 2: Adjustment of Conversion Price - The adjustment of the conversion price will occur in the event of stock dividends, capital increases, new share issuances, rights issues, or cash dividends, following specific formulas outlined in the bond issuance prospectus [1][2] - The formulas for adjusting the conversion price include calculations based on the number of shares distributed, the price of new shares, and the amount of cash dividends [1] - The company will announce any adjustments to the conversion price on the Shenzhen Stock Exchange and other designated media, ensuring transparency and protection of bondholders' rights [2]

Group 1 - The company has announced an adjustment to the conversion price of its convertible bonds "蓝晓转 02" from 60.31 yuan/share to 60.28 yuan/share, effective from January 23, 2025 [6][7] - The company plans to distribute a cash dividend of 6.00 yuan for every 10 shares, without issuing new shares or increasing capital reserves, which will affect the conversion price [7][8] - The total number of shares after the latest adjustments will be 507,665,541 shares, with a cash dividend total of 304,269,324.60 yuan (including tax) [8][9] Group 2 - The conversion price will be further adjusted to 59.68 yuan/share after accounting for the cash dividend, effective from the specified date [9] - The company has issued a total of 5,460,645 convertible bonds, with a total issuance amount of 54,606.45 million yuan [1][2] - The company will follow the regulations set by the China Securities Regulatory Commission regarding the adjustment of conversion prices in response to changes in share capital and shareholder equity [2][3]

Core Viewpoint - The recent adjustment in domestic fuel prices reflects ongoing volatility in international oil markets, with expectations of a potential decrease in the next pricing cycle due to easing geopolitical tensions in the Middle East [1][6]. Price Adjustment Summary - As of July 1, 2025, domestic gasoline and diesel prices will increase by 235 yuan and 225 yuan per ton, respectively, marking the sixth price increase of the year and the first consecutive three increases [2][3]. - The average reference price for crude oil was reported at 70.61 USD per barrel, with a change rate of 4.74% [2]. - Following the latest adjustment, the retail prices for 92-octane gasoline will range between 7.5 and 7.6 yuan per liter, while diesel prices will be between 7.1 and 7.3 yuan per liter [2]. Impact on Consumers and Logistics - For an average private car with a 50L fuel tank, filling up will cost approximately 9 yuan more, while logistics vehicles carrying 50 tons will see an increase of about 7.6 yuan per 100 kilometers driven [3]. - Consumers using a small car with an average fuel consumption of 8L per 100 kilometers will incur an additional cost of 13 yuan before the next price adjustment [3]. International Oil Price Trends - The recent pricing cycle experienced significant fluctuations due to geopolitical tensions, with oil prices initially rising due to concerns over supply disruptions, followed by a sharp decline after a ceasefire agreement [4][6]. - Analysts suggest that while the geopolitical situation has stabilized, uncertainties remain, and the market is cautious about making bold predictions [4]. Future Price Expectations - Analysts predict a high probability of a price decrease in the next adjustment cycle, with estimates suggesting a potential reduction of 290 yuan per ton for gasoline and diesel [6]. - The upcoming pricing window is expected to open on July 15, 2025, with market conditions indicating a likely negative change rate at the start of the new cycle [6]. Market Dynamics - Attention is shifting towards OPEC+ and their potential production increases, which could influence future oil supply and demand dynamics [5]. - The performance of major Chinese oil companies, referred to as the "three barrels of oil," has been closely tied to international oil price movements, with recent stock fluctuations reflecting geopolitical developments [7].

本计价周期内国际市场消息面表现较为波动，原油价格走势急涨急跌。EIA数据显示，美国原 油库存大幅减少以及以伊冲突持续升级后市场担心局势恶化影响石油供应，国际油价连续上 涨。随后地缘冲突缓和，国际油价报复性下跌，两日累计跌幅逾14%，油价基本回落至冲突之 前水平。随后消息面支撑温和向好，美国原油库存减少以及投资者对能源需求旺季期间需求 存向好的预期，国际油价小幅反弹。 作 者丨费心懿 编 辑丨朱益民 国家发展改革委今日消息，根据近期国际市场油价变化情况，按照现行成品油价格形成机 制，自2025年7月1日24时，汽、柴油零售限价每吨分别上调235元/吨，225元/吨，折升价92# 汽油、95#汽油、0#柴油 分别上调0.18元、0.19元、0.19元。 据悉，下轮调价窗口期为2025年7月15日24时。 SFC 本期编辑 刘雪莹 实习生郑莹莹 21君荐读 受国际油价走势影响，本轮变化率走势先涨后落，受前期原油持续上涨影响，零售价上调预 期一度攀高至600元/吨，随后国际油价大幅度收跌，变化率高位回落，零售价上调预期幅度持 续收窄。 本轮成品油零售限价上涨落地后，消费者出行方面， 按照油箱容量为50L的家用轿车为例 ...

Core Viewpoint - The domestic refined oil prices in China will increase starting from July 1, 2025, with gasoline prices rising by 235 yuan per ton and diesel prices by 225 yuan per ton, marking the first "three consecutive increases" of the year [1] Price Adjustment Summary - The price adjustment translates to an increase of 0.18 yuan per liter for 92-octane gasoline, 0.19 yuan per liter for 95-octane gasoline, and 0.19 yuan per liter for 0-octane diesel [1] - For an average private car with a 50L fuel tank, filling up will cost approximately 9 yuan more after this adjustment [1] Market Trends - This adjustment marks the 13th price change in 2025, with the overall trend showing "six increases, five decreases, and two pauses" for the year [1] - Analysts indicate that the price increase was influenced by international oil price trends, which initially showed a high expectation for price increases but later saw a significant drop [1] Future Outlook - Analysts predict that the next round of price adjustments, scheduled for July 15, 2025, may see a decrease in prices due to the easing of geopolitical tensions and potential increases in production by OPEC+ [2] - The current pricing cycle is expected to start with a negative change rate, indicating a likelihood of price reductions in the near future [2]