Major Events - *ST Yazhen's stock trading suspension has been completed, and it will resume trading on August 21, 2025, after a price deviation of 33.92% from July 30 to August 6, 2025 [2] - Kosen Technology clarified that it does not produce AI glasses or related structural components, despite being listed in media reports as a robotics and AI glasses concept stock [3] Performance Reports - Kingsoft Office reported a 10.12% year-on-year increase in revenue to 2.657 billion yuan, with a net profit of 747 million yuan, up 3.57% year-on-year for the first half of 2025 [4] - Weicai Technology's revenue reached 634 million yuan, a 47.53% increase year-on-year, with a net profit of 101 million yuan, reflecting an impressive growth of 831.03% year-on-year [5] Shareholding Changes - Dongfang Zirconium's chairman plans to reduce his holdings by up to 1.315 million shares, representing 0.17% of the total share capital [6] - Nanjing New Hundred plans to reduce its repurchased shares by up to 6 million shares, accounting for 0.45% of the total share capital [7] - Gaode Investment intends to reduce its holdings by up to 537.6 million shares, which is 3% of the total share capital [8] - Xiamen International Bank plans to reduce its holdings by up to 17.74 million shares, representing 1% of the total share capital [9]

Core Viewpoint - The company, Weicet Technology, reported significant growth in its financial performance for the first half of 2025, indicating strong market demand and effective investment strategies in advanced chip testing technologies [1] Financial Performance - The company achieved operating revenue of 634 million yuan, representing a year-on-year increase of 47.53% [1] - The net profit attributable to shareholders reached 101 million yuan, showing a remarkable year-on-year growth of 831.03% [1] - Basic earnings per share were reported at 0.68 yuan [1] Investment and Development - During the reporting period, the company increased its investment in the research and development of advanced packaging chips, high-reliability chips, and high-performance computing chips [1] - The company actively procured high-end testing equipment to enhance its testing capabilities [1] - The market penetration rate of the company has further improved, contributing to sustained high-speed revenue growth [1]

Core Viewpoint - The announcement details the shareholding structure and the planned share reduction by key shareholders of Guangdong Liyang Chip Testing Co., Ltd, indicating a strategic move to liquidate some of their holdings while adhering to regulatory requirements [2][4][16]. Shareholder Holdings - As of the announcement date, shareholder Zhang Liping holds 6,205,887 shares, representing 3.0569% of the total share capital [2] - Shareholder and director Qu Hao holds 7,181,680 shares, accounting for 3.5376% of the total share capital [2] - Core technical personnel Lu Xukun holds 272,073 shares, which is 0.1340% of the total share capital [2] - Core technical personnel Zheng Zhaosheng holds 120,698 shares, representing 0.0595% of the total share capital [2] Share Reduction Plan - Zhang Liping plans to reduce his holdings by up to 6,086,000 shares, not exceeding 2.9979% of the total share capital [4] - Qu Hao intends to reduce his holdings by up to 1,600,000 shares, not exceeding 0.7881% of the total share capital [4] - Lu Xukun plans to reduce his holdings by up to 250,000 shares, not exceeding 0.1231% of the total share capital [4] - Zheng Zhaosheng plans to reduce his holdings by up to 58,000 shares, not exceeding 0.0286% of the total share capital [4] - The reduction period for shareholders is set to begin 15 trading days after the announcement and will last for three months, with specific limits on the number of shares that can be sold within any 90-day period [4] Compliance and Commitments - The shareholders have made commitments regarding their shareholding, including a lock-up period of 12 months post-IPO during which they will not transfer their shares [10][11][12][14] - Any reduction in shares will be conducted in compliance with the regulations set forth by the China Securities Regulatory Commission and the Shanghai Stock Exchange [16]

Core Viewpoint - The announcement details the shareholding structure and the planned share reduction by major shareholders of Guangdong Liyang Chip Testing Co., Ltd, indicating a strategic move to meet personal funding needs without significantly impacting the company's governance or operational continuity [1][12]. Shareholding Structure - As of the announcement date, shareholder Zhang Liping holds 6,205,887 shares, representing 3.0569% of the total share capital [1] - Shareholder and director Qu Hao holds 7,181,680 shares, accounting for 3.5376% of the total share capital [5] - Core technical personnel Lu Xukun holds 272,073 shares, which is 0.1340% of the total share capital [5] - Core technical personnel Zheng Chaosheng holds 120,698 shares, representing 0.0595% of the total share capital [5] Reduction Plans - Zhang Liping plans to reduce his holdings by up to 6,086,000 shares, or 2.9979% of the total share capital, through centralized bidding and block trading [2][6] - Qu Hao intends to reduce his holdings by up to 1,600,000 shares, or 0.7881% of the total share capital, also through centralized bidding and block trading [2][6] - Lu Xukun plans to reduce his holdings by up to 250,000 shares, or 0.1231% of the total share capital, via centralized bidding [2][6] - Zheng Chaosheng plans to reduce his holdings by up to 58,000 shares, or 0.0286% of the total share capital, through centralized bidding [2][6] Reduction Period and Conditions - The reduction period for all shareholders is set from September 2, 2025, to December 1, 2025 [6] - Shareholders are allowed to reduce their holdings within specific limits: no more than 1% of total shares in any 90-day period for centralized bidding and 2% for block trading [2][3] Share Source and Reasons for Reduction - The shares to be reduced primarily come from pre-IPO holdings and capital reserve increases [6] - The stated reason for the reduction is personal funding needs for all shareholders involved [6][12]

Group 1 - The company has triggered the conditional redemption clause for its convertible bonds, "Li Yang Convertible Bonds," as the stock price has met the required threshold of 130% of the current conversion price of 16.12 CNY per share for 15 out of 30 trading days from July 7, 2025, to August 6, 2025 [1][4] - The board of directors has decided not to exercise the early redemption rights for the "Li Yang Convertible Bonds" due to the short time since issuance and the desire to treat all investors fairly, considering the company's fundamentals and market conditions [4][5] - The company will not propose a conditional redemption plan if the "Li Yang Convertible Bonds" trigger the redemption clause again within the next six months, from August 7, 2025, to February 6, 2026 [2][4] Group 2 - The company was approved to issue 5.2 million convertible bonds with a face value of 100 CNY each, raising a total of 520 million CNY, with a net amount of approximately 512.89 million CNY after expenses [2][3] - The initial conversion price for the "Li Yang Convertible Bonds" was set at 16.13 CNY per share, which was adjusted to 16.12 CNY per share following the completion of a stock incentive plan [3][4] - The company has disclosed the trading activities of its major shareholders and executives regarding the "Li Yang Convertible Bonds," indicating that the controlling shareholder and other related parties did not trade the bonds during the six months leading up to the redemption condition being met [5]

Group 1 - The core point of the article is that Liyang Chip (SH 688135) held its fourth board meeting on August 6, 2025, to discuss the proposal regarding the non-early redemption of "Liyang Convertible Bonds" [2] - For the fiscal year 2024, Liyang Chip's revenue composition is as follows: testing revenue accounts for 92.26%, other business accounts for 6.0%, and wafer grinding services account for 1.74% [2]

Group 1 - The board of directors of Guangdong Liyang Chip Testing Co., Ltd. held its tenth meeting of the fourth session on August 6, 2025, where all nine directors attended and agreed to waive the notice period for the meeting [1] - The meeting confirmed that the company's stock had triggered the conditional redemption clause of the "Liyang Convertible Bond" as it met the requirement of closing prices being at least 130% of the conversion price for at least 15 trading days within any 30 consecutive trading days from July 7 to August 6, 2025 [1] Group 2 - The board decided not to exercise the early redemption rights of the "Liyang Convertible Bond" considering the bond's short issuance period, the company's fundamentals, stock price trends, and market conditions, ensuring fair treatment of all investors [2] - The company will reassess the situation on February 7, 2026, and if the conditional redemption clause is triggered again, the board will convene to decide on the early redemption rights [2]

Core Viewpoint - Guangdong Liyang Chip Testing Co., Ltd. has announced that its convertible bonds, "Liyang Convertible Bonds," are expected to meet the redemption conditions based on stock price performance [1][2]. Group 1: Convertible Bond Issuance and Trading - The company has been approved by the China Securities Regulatory Commission to issue convertible bonds totaling RMB 520 million, with a term of 6 years [2][3]. - The bonds have been listed and traded on the Shanghai Stock Exchange since July 19, 2024, under the code "118048" [3]. Group 2: Conversion Price and Adjustments - The initial conversion price for the bonds was set at RMB 16.13 per share, which will be adjusted to RMB 16.12 per share starting July 9, 2025, due to an increase in the company's total share capital [4]. Group 3: Redemption Conditions - The company may redeem the bonds if, during a specified period, the stock price remains at or above 130% of the conversion price for a certain number of trading days [6][8]. - The redemption price will be at the face value plus accrued interest, with specific conditions outlined in the bond issuance prospectus [6][7].

Summary of Key Points Core Viewpoint - Guangdong Liyang Chip Testing Co., Ltd. has announced the potential conditional redemption of its convertible bonds if certain stock price conditions are met, indicating a strategic financial maneuver to manage its debt obligations and capital structure [1][2]. Group 1: Convertible Bond Issuance - The company has been authorized by the China Securities Regulatory Commission to issue convertible bonds totaling RMB 520 million, with a maturity of 6 years [1]. - The convertible bonds, named "Liyang Convertible Bonds" with code "118048," began trading on July 19, 2024 [2]. - The initial conversion price for the bonds was set at RMB 16.13 per share, which has been adjusted to RMB 16.12 per share following a stock incentive plan [2][4]. Group 2: Redemption Conditions - The company may redeem the convertible bonds if, during the conversion period, the stock price remains at or above 130% of the conversion price for at least 5 out of 12 consecutive trading days [1][4]. - As of the announcement, the stock price has already met the condition for 10 trading days, indicating a strong likelihood of triggering the redemption clause [4]. - The redemption will be executed at the bond's face value plus accrued interest, should the conditions be satisfied [3][4]. Group 3: Interest Calculation - The accrued interest for the bonds is calculated based on the formula: IA = B × i × t / 365, where IA is the accrued interest, B is the total face value of the bonds held, i is the annual coupon rate, and t is the number of days since the last interest payment [3].

（编辑 任世碧） 证券日报网讯 7月30日晚间，利扬芯片发布公告称，公司股票自2025年7月7日至2025年7月30日已有10 个交易日的收盘价不低于当期转股价格的130%（即20.956元/股），若未来连续12个交易日内，公司股 票有5个交易日的收盘价格不低于当期转股价的130%（含130%），将触发《广东利扬芯片测试股份有 限公司向不特定对象发行可转换公司债券募集说明书》中规定的有条件赎回条款。若触发条件，公司有 权决定是否按照债券面值加当期应计利息的价格赎回全部或部分未转股的"利扬转债"。 ...