New Stock Listings - Huadian New Energy (600930) listed at an issue price of 3.18 on July 16, 2025[1] - Zhongcheng Tui (300208) has 2 trading days remaining until the last trading day[1] - Tui Shi Jin Gang (600190) also has 2 trading days remaining until the last trading day[1] Abnormal Fluctuations - Huayin Power (600744) reported severe abnormal fluctuations on July 15, 2025[1] - Changcheng Military Industry (601606) announced abnormal fluctuations on July 15, 2025[1] - ST Yanzhen (603389) reported abnormal fluctuations on July 16, 2025[1] Other Notable Announcements - ST Ya Zhen (000627) reported significant fluctuations with a value of 7189 on July 16, 2025[3] - Guosheng Technology (603778) reported fluctuations with a value of 3370 on July 15, 2025[3] - ST Xin Chao (600777) reported fluctuations with a value of 1008 on July 11, 2025[3]

Group 1 - The company has decided to abolish the supervisory board and transfer its responsibilities to the audit committee, in accordance with relevant laws and regulations [1][2][3] - The registered capital of the company has been increased from 458,508,680 yuan to 469,659,755 yuan due to the conversion of convertible bonds into shares, resulting in a total of 11,159,755 shares being converted [1][2] - The company has updated its articles of association to reflect the changes in governance structure and registered capital [2][3] Group 2 - The company issued 5,705,370 convertible bonds at a face value of 100 yuan each, totaling 57,053.70 million yuan, which began trading on June 21, 2022 [1] - The audit committee will now exercise the powers previously held by the supervisory board, and the relevant rules governing the supervisory board have been abolished [1][2] - The updated articles of association include provisions for the responsibilities of the legal representative and the handling of civil activities conducted in the company's name [2][3]

Group 1 - The company has approved a profit distribution plan at the annual shareholders' meeting held on May 19, 2025, which includes a cash dividend of RMB 0.3 per 10 shares, totaling approximately RMB 13.98 million based on the total share capital as of December 31, 2024 [1][2] - The cash dividend will be distributed to all shareholders based on the total share capital on the record date, with adjustments made for any changes in share capital due to convertible bonds [1][2] - The record date for the distribution is set for July 16, 2025, and the ex-dividend date is also July 16, 2025 [2] Group 2 - The cash dividends will be directly credited to shareholders' accounts on July 17, 2025, through their custodial securities companies [2] - Following the distribution, the conversion price of the company's convertible bonds will be adjusted from RMB 6.46 to RMB 6.43 per share, effective July 17, 2025 [2]

Core Viewpoint - The company has announced an adjustment to the conversion price of its convertible bonds, reducing it from 7.78 CNY per share to 6.50 CNY per share, effective from May 14, 2024, and further adjusting it to 6.43 CNY per share due to a cash dividend distribution, effective from 2025 [3][5]. Group 1: Convertible Bond Issuance - The company issued 5.70537 million convertible bonds on May 31, 2022, with a total value of 570.537 million CNY [1]. - The bonds were listed on the Shenzhen Stock Exchange on June 21, 2022, under the code "123147" [1]. Group 2: Conversion Price Adjustment Mechanism - The conversion price will be adjusted based on events such as stock dividends, capital increases, new share issuances, and cash dividends, following specific formulas outlined in the prospectus [2][3]. - The adjusted conversion price will be published on the Shenzhen Stock Exchange and other designated media [3]. Group 3: Recent Adjustments - The conversion price was adjusted to 6.50 CNY per share following a resolution passed at the third extraordinary general meeting of shareholders on May 13, 2024 [3]. - The conversion price was further adjusted to 6.43 CNY per share due to a cash dividend of 0.3 CNY per share, effective from 2025 [5].

Company Overview - The company specializes in the research, production, and sales of electric wires, cables, and cable accessories, primarily serving major clients such as the State Grid Corporation and Southern Power Grid [5][12] - The company achieved operating revenue of 3,089,873,737.70 yuan, representing a year-on-year increase of 10.38%, while the net profit attributable to shareholders decreased by 42.55% to 38,121,440.92 yuan [5] Financial Performance - As of December 31, 2024, the company's total assets amounted to 428,040.81 million yuan, with equity attributable to shareholders of 166,233.53 million yuan [5] - The company received a standard unqualified audit opinion from the accounting firm Xin Yong Zhong He [3] Business Segments - The main products include 220kV and below power cables, electrical installation wires and cables, overhead bare conductors, and cable accessories, which are designed to meet various special performance requirements [7][10] - Power cables are used for transmitting and distributing high-power electrical energy, while electrical installation wires and cables connect power to various devices [8][9] Industry Position - The company has been recognized as one of the top 100 competitive enterprises in the Chinese cable industry for several consecutive years [12] - The wire and cable products are essential for the electrification and informationization of society, widely used in power generation, transmission, and various applications across different sectors [11]