所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 √适用 □不适用 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002937 证券简称：兴瑞科技 公告编号：2025-070 债券代码：127090 债券简称：兴瑞转债 一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到证监会指定媒体仔细阅读半年度报告全文。 是否以公积金转增股本 □是 √否 公司经本次董事会审议通过的利润分配预案为：以2025年半年度权益分派实施时股权登记日的总股本扣 除公司回购专用证券账户中股份数量后的股份总数为基数，向全体股东每10股派发现金红利1.00元（含 税），送红股0股（含税），不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 □适用 √不适用 二、公司基本情况 1、公司简介 ■ 2、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 √否 ■ 3、公司股东数量及持股情况 单位：股 ■ 持股5%以上股东、前10名股东及前10名无限售流 ...

Group 1 - The controlling shareholder of Baiyang Pharmaceutical plans to reduce its stake by no more than 3% [1] - The shareholder of Tianchuang Fashion intends to reduce its stake by no more than 1% [1] - The following convertible bonds: Mars Convertible Bond, Wanqing Convertible Bond, Jidong Convertible Bond, Xingrui Convertible Bond, and Jingke Convertible Bond will not undergo adjustments [1] Group 2 - The emergency convertible bond will be forcibly redeemed [1] - The Libo Convertible Bond has been listed [1] - Dingjia Precision is a new stock available for subscription on the Beijing Stock Exchange [1]

Core Viewpoint - The company has decided not to adjust the conversion price of its convertible bonds, despite triggering conditions for a downward adjustment due to stock price performance [1][4]. Group 1: Convertible Bond Issuance - The company issued 4.62 million convertible bonds at a face value of 100 RMB each, raising a total of 462 million RMB, with a net amount of 454.907 million RMB after deducting issuance costs [1]. - The bonds have a maturity period of 6 years, from July 24, 2023, to July 23, 2029, and were listed on August 15, 2023 [1]. Group 2: Conversion Price Adjustment - The conversion price has been adjusted multiple times, currently set at 25.60 RMB per share, with previous adjustments occurring on January 2, 2024 (from 26.30 to 26.20 RMB), June 6, 2024 (from 26.20 to 25.90 RMB), and May 29, 2025 (from 25.90 to 25.60 RMB) [2]. - The downward adjustment clause allows the company to propose a conversion price adjustment if the stock price is below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [2][3]. Group 3: Decision on Price Adjustment - The board of directors decided not to adjust the conversion price after considering the company's fundamentals, stock price trends, and market conditions, aiming to protect the interests of all investors [4]. - The next period for potential price adjustment will start from October 23, 2025, should the conditions be met again [4].

Group 1 - The company will pay the second-year interest on the convertible bonds "Xingrui Convertible Bonds" on July 24, 2025, at a rate of 4.00 CNY per 10 bonds (including tax) [1][5] - The total issuance amount of the convertible bonds is 462 million CNY (46,200 million CNY) with a total of 4.62 million bonds issued [2][5] - The interest rates for the convertible bonds are structured as follows: 0.2% for the first year, 0.4% for the second year, 0.8% for the third year, 1.5% for the fourth year, 2.0% for the fifth year, and 2.5% for the sixth year [2][3] Group 2 - The interest payment will be made annually, with the first interest payment starting from the issuance date on July 24, 2023 [3][6] - The bondholders must hold the bonds until the record date of July 23, 2025, to receive the interest payment [1][6] - The company has appointed China Securities Depository and Clearing Corporation Limited Shenzhen Branch as the registration agency for the bonds [4][5] Group 3 - The company has received a credit rating of AA- for the issuer and AA for the bonds from Dongfang Jincheng International Credit Rating Co., Ltd [5] - The actual interest received by individual investors will be 3.20 CNY per 10 bonds after a 20% withholding tax [5][7] - For qualified foreign institutional investors (QFII and RQFII), the interest is exempt from corporate income tax and value-added tax, resulting in a full payment of 4.00 CNY per 10 bonds [5][7]

Group 1 - The company issued 4,620,000 convertible bonds with a total amount of RMB 462 million, with a maturity of 6 years from July 24, 2023, to July 23, 2029 [1][2] - The initial conversion price for the bonds is set at RMB 26.30 per share, which has been adjusted to RMB 25.60 per share for the current period [2] - As of June 30, 2025, the remaining convertible bonds amount to 4,616,296, equivalent to RMB 461,629,600 [2][3] Group 2 - The total number of shares before the conversion was 297,777,393, which increased to 297,777,779 after the conversion of 386 shares [3] - The proportion of restricted shares decreased from 0.33% to 0.28%, while the proportion of unrestricted shares increased from 99.67% to 99.72% [3]

Core Points - Ningbo Xingrui Electronic Technology Co., Ltd. is issuing convertible bonds named "Xingrui Convertible Bonds" with a total issuance scale of RMB 462 million [3][4] - The bonds will have a maturity period of six years, from July 24, 2023, to July 23, 2029, with an annual interest rate of 0.2% for the first year [3][4] - The initial conversion price for the bonds is set at RMB 26.30 per share, which will be adjusted based on specific corporate actions such as stock dividends and capital increases [6][10] Bond Issuance Details - The bond issuance was approved by the company's board meetings held on October 26, 2022, and April 14, 2023, and received regulatory approval from the China Securities Regulatory Commission on June 28, 2023 [2] - The bonds are issued in a total of 4,620,000 units, each with a face value of RMB 100 [3][4] - The bonds will pay interest annually, with the first interest payment occurring five working days after the end of the first year [4][5] Conversion and Adjustment Mechanism - The conversion period for the bonds will start on January 29, 2024, and end on July 23, 2029 [5][6] - The conversion price will be adjusted in accordance with the company's actions such as stock dividends, capital increases, and cash dividends, ensuring the protection of bondholders' rights [8][9] - The first adjustment of the conversion price occurred on January 2, 2024, reducing it from RMB 26.30 to RMB 26.20 per share, and further adjusted to RMB 25.90 following a cash dividend distribution [9][10] Credit Rating and Management - The bonds have been rated AA- by Dongfang Jincheng International Credit Evaluation Co., Ltd., with a stable outlook [6] - China International Capital Corporation (CICC) serves as the sponsor, lead underwriter, and trustee for the bonds, ensuring the protection of bondholders' interests [2][10]

Core Viewpoint - The article discusses the upcoming voting deadline for holders of the SouTe convertible bond, emphasizing the importance of participation in the bankruptcy proceedings and the election of two bondholders [1]. Group 1 - The voting deadline is set for March 27 at 15:00, with only one day left for holders to cast their votes [1]. - The proposal includes electing two bondholders to participate in the bankruptcy process and obtaining the list of bondholders for further communication [1]. - Voting can be done through the China Securities Depository and Clearing Corporation's WeChat mini-program or official website, taking approximately two minutes after real-name verification [2]. Group 2 - The article mentions specific convertible bonds: Kangtai Convertible Bond is set for a downward adjustment, while Kaisheng and Xingrui Convertible Bonds will not undergo adjustments [2]. - Yonggui Convertible Bond is scheduled to be listed on March 28 [2]. - The article encourages following the Jisilu WeChat account for more updates and information [3].