Summary of Key Points Core Viewpoint - The announcement details the conversion results of Jiangsu Lidao New Materials Co., Ltd.'s convertible bonds, indicating minimal conversion activity and a significant amount of unconverted bonds. Group 1: Conversion Status - As of June 30, 2025, a total of RMB 12,000 of Lidao convertible bonds have been converted into A-shares, resulting in 925 shares, which represents 0.000443% of the total A-shares before conversion [1][2] - From April 1, 2025, to June 30, 2025, RMB 1,000 of Lidao convertible bonds were converted, resulting in 77 shares, which is 0.000037% of the total A-shares before conversion [2][3] Group 2: Unconverted Bonds - As of June 30, 2025, the amount of unconverted Lidao convertible bonds stands at RMB 299,988,000, accounting for 99.9960% of the total issuance [3] Group 3: Share Capital Changes - The total share capital before the conversion on March 31, 2025, was 208,880,848 shares, which increased to 208,880,925 shares after the conversion, reflecting the addition of 77 shares [3]

Core Viewpoint - Jiangsu Lidao New Material Co., Ltd. has successfully issued convertible bonds totaling RMB 300 million, with the funds primarily allocated for the expansion of its aluminum material production capacity [2][15][20]. Group 1: Convertible Bond Issuance - The company has issued 3 million convertible bonds, each with a face value of RMB 100, raising a total of RMB 30 million, netting RMB 29.34 million after deducting fees [2][3][19]. - The bonds will be listed on the Shanghai Stock Exchange starting December 5, 2023, under the name "Lidao Convertible Bonds" [3][4]. - The bonds have a six-year term, with interest rates starting at 0.20% in the first year and increasing to 3.00% by the sixth year [3][4]. Group 2: Financial Performance - For the reporting period, the company achieved a revenue of RMB 1.58 billion, a year-on-year increase of 12.21% [18]. - The net profit attributable to shareholders was a loss of RMB 34.23 million, indicating a significant decline compared to the previous year [19]. - The company’s total assets decreased by 3.39% to RMB 2.53 billion as of the end of 2024 [19]. Group 3: Use of Proceeds - The raised funds will be specifically used for the "Annual Production of 86,000 Tons of New Energy Battery Collecting Fluid Materials and Other New Aluminum Material Projects (Phase II)" [15][20]. - The company has established a dedicated account for the management of the raised funds, ensuring compliance with regulatory requirements [15][20]. Group 4: Market Conditions - The aluminum processing industry is facing challenges such as overcapacity and intensified competition, impacting the company's operational performance [18][20]. - The company is focusing on cost reduction and market expansion to enhance profitability amidst these challenges [18].

中证转债指数高开0.03%，天阳转债、丽岛转债涨近5%，佳禾转债涨4.6%；振华转债跌2.6%，奥飞转 债跌近2%。 ...

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