2月27日是赛龙转债最后交易日，2月27日中午收盘，赛龙转债二级市场价格为131.11元/张，而赎回价格为100.33元/ 张，投资者如未及时转股或卖出，损失或达23.48%。 不操作或面临较大损失 近期，赛龙转债正股聚赛龙多次发布公告称，提示赛龙转债提前赎回。公告显示，2月27日为赛龙转债最后一个交 易日，当日赛龙转债简称为"Z龙转债"；2月27日收市后，赛龙转债将停止交易。 根据公告，聚赛龙股票自2025年12月25日至2026年1月19日，已有15个交易日的收盘价不低于赛龙转债当期转股价 格（即36.20元/股）的130%（即47.06元/股），已触发赛龙转债有条件赎回条款。 Wind数据显示，赛龙转债2月27日午盘收盘价为131.11元/张，以此价格计算，若不及时交易或转股，投资者或将亏 损23.48%。截至27日午间收盘，赛龙转债未转股比例为31.92%，转债余额为0.8亿元。 多只可转债将被赎回 图片来源：公司公告 根据公告，3月4日是赛龙转债最后一个转股日，3月4日收市前，持有赛龙转债的投资者仍可进行转股；3月4日收市 后，未转股的赛龙转债将停止转股。剩余可转债将按照100.33元/张的价格被强 ...

Group 1 - The core event is the early redemption of "Fuli Convertible Bonds" by Fuliwang on February 11, 2026, involving the redemption of 10,280 bonds and a total payout of 1.0321 million yuan, leading to the delisting of the convertible bonds on the same day [1] - This redemption increased the total share capital to 287,933,215 shares, resulting in a passive dilution of the controlling shareholder's stake to 33.33%, which may temporarily dilute earnings per share [1] - In the medium to long term, this event is expected to help reduce the company's debt ratio and interest expenses, marking it as a key factor affecting the company's capital structure [1] Group 2 - Over the past 7 trading days (February 6 to 12, 2026), Fuliwang's stock price exhibited significant volatility, with a range increase of 15.45% and an amplitude of 22.52% [2] - On February 11, the stock surged by 7.99%, closing at 25.00 yuan with a trading volume of 518 million yuan and a net inflow of 13.3745 million yuan from main funds [2] - The fund flow showed that on February 6 and 10, there were net outflows of 14.2143 million yuan and 12.4778 million yuan respectively, but on February 11, there was a shift to net inflow, indicating an improvement in short-term fund sentiment [2]

Core Viewpoint - The company has decided to exercise its right for early redemption of the "Beigang Convertible Bonds" due to current market conditions and internal considerations, with the redemption process outlined in detail [3][4]. Group 1: Redemption Details - The last trading day for "Beigang Convertible Bonds" is February 9, 2026, after which trading will cease [2]. - The final conversion date is February 12, 2026, and any bonds not converted by this date will be forcibly redeemed [2]. - The redemption price is set at 101.13 CNY per bond, which includes interest and tax [16][21]. Group 2: Issuance and Trading Information - The company issued 30 million convertible bonds on June 29, 2021, with a total value of 3 billion CNY and a maturity of six years [5]. - The bonds were listed on the Shenzhen Stock Exchange on July 23, 2021, under the name "Beigang Convertible Bonds" [6]. Group 3: Conversion Terms and Adjustments - The conversion period for the bonds started on January 5, 2022, and will end on June 28, 2027 [7]. - The initial conversion price was set at 8.35 CNY per share, which has been adjusted multiple times due to profit distribution [8][9][10][11][12]. Group 4: Conditional Redemption Clauses - The company has the right to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 trading days within a 30-day period or if the remaining balance of unconverted bonds is less than 30 million CNY [13][15]. Group 5: Redemption Process and Timeline - The redemption registration date is February 12, 2026, and the redemption will be executed on February 13, 2026 [20][21]. - Funds from the redemption will be credited to bondholders' accounts by March 2, 2026 [21]. Group 6: Other Important Information - Bondholders must process conversion requests through their respective securities companies, and the minimum conversion unit is one bond [22]. - New shares from conversions will be listed the next trading day and will enjoy the same rights as existing shares [23].

Core Viewpoint - The company, Xinjiang Zhonghe Co., Ltd., has triggered the conditional redemption of its convertible bonds, "Zhonghe Convertible Bonds," due to the stock price meeting specific criteria, leading to a decision to redeem all outstanding bonds at face value plus accrued interest [2][7]. Group 1: Convertible Bond Redemption Announcement - The company’s stock has closed at or above 130% of the current conversion price of 6.65 CNY per share for 15 out of 20 trading days from January 13, 2026, to February 9, 2026, triggering the redemption clause [2][7]. - The board of directors convened on February 9, 2026, and approved the early redemption of the "Zhonghe Convertible Bonds," deciding to exercise the redemption rights [2][7]. Group 2: Convertible Bond Issuance and Terms - The company issued 13.75 million convertible bonds on July 18, 2023, with a total amount of 137.5 million CNY and a maturity period of six years [3]. - The bonds have a tiered interest rate structure, starting at 0.2% in the first year and increasing to 2.0% in the sixth year [3]. Group 3: Conversion Price Adjustments - The initial conversion price was set at 8.20 CNY per share, which has been adjusted down to 6.65 CNY per share through several resolutions and dividend distributions [5][6]. - The conversion price adjustments were made following shareholder meetings and dividend announcements, reflecting changes in the company's financial distributions [5][6]. Group 4: Regulatory Compliance - The company’s actions regarding the early redemption of the convertible bonds have been reviewed and deemed compliant with relevant regulations and the terms outlined in the offering prospectus [9][10].

Core Viewpoint - The company has decided not to exercise the early redemption rights for its convertible bonds, "洁美转债," during a specified period, indicating a strategic financial decision to maintain flexibility in capital management [1] Group 1 - The fifth meeting of the company's fifth board of directors was held on February 9, 2026, where the decision regarding the early redemption of "洁美转债" was made [1] - The company will not exercise the early redemption rights from February 10, 2026, to May 9, 2026, even if the conditional redemption clauses are triggered [1] - After May 9, 2026, the board will reconvene to decide on the early redemption rights if the bonds trigger the redemption clauses again [1]

Core Viewpoint - Jiemai Technology (002859.SZ) has triggered the conditional redemption clause of its convertible bonds due to its stock price exceeding 130% of the conversion price for 15 trading days [1] Group 1 - The stock price of Jiemai Technology has been above 34.40 CNY per share, which is 130% of the conversion price of 26.46 CNY per share, from January 20, 2026, to February 9, 2026 [1] - The company held its fifth board meeting on February 9, 2026, and approved a proposal not to redeem the convertible bonds early [1] - The decision states that from February 10, 2026, to May 9, 2026, the company will not exercise its right to redeem the convertible bonds even though the redemption clause has been triggered [1] Group 2 - After May 9, 2026, if the convertible bonds trigger the redemption clause again, the board will hold another meeting to decide on the early redemption rights [1]

Core Viewpoint - The company, Alliance Electronics (688311.SH), has triggered the conditional redemption clause for its convertible bonds due to the stock price meeting specific criteria, leading to a decision to redeem all outstanding bonds at face value plus accrued interest [1] Group 1: Stock Performance and Redemption Trigger - The company's stock price must remain above 130% of the current conversion price of the convertible bonds, which is set at 20.94 CNY, equating to 27.22 CNY per share, for at least 15 out of 30 consecutive trading days [1] - The redemption period is specified from January 19, 2026, to February 6, 2026, during which the stock price conditions were met [1] Group 2: Board Decision and Redemption Process - On February 6, 2026, the company's board of directors approved the proposal for early redemption of the convertible bonds [1] - Investors holding the convertible bonds can either continue trading them in the secondary market or convert them at the price of 20.94 CNY per share, or face mandatory redemption at 100 CNY per bond plus accrued interest [1] Group 3: Investment Risks - If investors are forced to redeem the bonds, they may incur significant investment losses [1]

Core Viewpoint - The company, Shaanxi Zhongtian Rocket Technology Co., Ltd., has triggered the conditional redemption of its convertible bonds, "Tianjian Convertible Bonds," due to the stock price meeting specific criteria, leading to an early redemption scheduled for March 6, 2026 [4][11]. Group 1: Redemption Details - The redemption conditions for the convertible bonds are met as the company's stock price has been above 130% of the conversion price for at least 15 trading days within a 30-day period [4][11]. - The redemption price is set at 100.81 yuan per bond, which includes accrued interest at an annual rate of 1.50% [2][12]. - The bonds will stop trading on March 3, 2026, and the conversion will cease on March 6, 2026 [3][15]. Group 2: Bond Issuance and Trading - The company issued 4,950,000 convertible bonds on August 22, 2022, with a total value of 49.5 million yuan, and they began trading on September 19, 2022 [5][6]. - The initial conversion price was set at 53.11 yuan per share, which has been adjusted multiple times due to dividend distributions [6][7][8]. Group 3: Redemption Process - The redemption process includes a series of dates: the redemption registration date is March 5, 2026, and the funds will be credited to bondholders' accounts by March 13, 2026 [3][13][15]. - The company will issue daily announcements regarding the redemption until the redemption date [14]. Group 4: Shareholder Information - The company confirms that there have been no transactions of "Tianjian Convertible Bonds" by major shareholders or executives in the six months leading up to the redemption condition being met [16].

Core Viewpoint - The company has announced the early redemption of its convertible bonds, "Beigang Convertible Bonds," due to the current market conditions and the company's situation, with specific dates and procedures outlined for investors [3][4]. Group 1: Redemption Details - The last trading day for "Beigang Convertible Bonds" is February 9, 2026, after which trading will cease [2]. - The last conversion day for the bonds is February 12, 2026, and any bonds not converted by this date will be forcibly redeemed [2][3]. - The redemption price is set at 101.13 yuan per bond, which includes interest and tax [16]. Group 2: Issuance and Trading Information - The company issued 30 million convertible bonds on June 29, 2021, with a total value of 3 billion yuan and a six-year term [5]. - The bonds were listed for trading on July 23, 2021, under the name "Beigang Convertible Bonds" with the code "127039" [6]. Group 3: Conversion Terms - The conversion period for the bonds started on January 5, 2022, and will end on June 28, 2027 [7]. - The initial conversion price was set at 8.35 yuan per share, which has been adjusted multiple times due to profit distribution [8][9][10]. Group 4: Conditional Redemption Clauses - The company has the right to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 trading days within a 30-day period or if the remaining balance of unconverted bonds is less than 30 million yuan [13][15].

Core Viewpoint - The company has decided to exercise its right to redeem the "Beigang Convertible Bonds" early due to market conditions and internal considerations, with specific redemption dates and procedures outlined for bondholders [2][12]. Group 1: Redemption Details - The redemption conditions for the "Beigang Convertible Bonds" are set to be met on January 22, 2026, with the redemption price established at 101.13 yuan per bond, including interest and tax [1][13]. - The redemption registration date is February 12, 2026, and the actual redemption date is February 13, 2026 [1][16]. - The bonds will cease trading on February 10, 2026, and the conversion of bonds to shares will stop on February 13, 2026 [1][16]. Group 2: Bond Issuance and Trading - The company issued 30 million convertible bonds on June 29, 2021, with a total value of 3 billion yuan and a maturity period of six years [3]. - The bonds were listed on the Shenzhen Stock Exchange on July 23, 2021, under the name "Beigang Convertible Bonds" [4]. Group 3: Conversion Price Adjustments - The initial conversion price was set at 8.35 yuan per share, which has been adjusted multiple times due to profit distribution, with the latest adjustment bringing it to 7.31 yuan per share as of October 22, 2025 [5][6][9]. Group 4: Conditions for Redemption - The company can redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days or if the remaining balance of the bonds is less than 30 million yuan [10][12].