Core Points - The company Qingdao Guanzhong Ecological Co., Ltd. will pay the second-year interest on its convertible bonds "Guanzhong Convertible Bonds" on July 21, 2025, with a coupon rate of 0.60% [1][2] - The interest payment for every 10 bonds (face value of 1,000 yuan) will be 6.00 yuan (including tax), with the actual amount received by bondholders being 4.80 yuan after a 20% tax deduction [4][5] - The bonds were approved for issuance by the China Securities Regulatory Commission and began trading on the Shenzhen Stock Exchange on August 9, 2023 [1][2] Bond Details - The interest calculation for the bonds is based on the formula I = B × i, where I is the annual interest amount, B is the total face value of the bonds held, and i is the coupon rate [2][3] - The interest payment will occur annually, with the first payment starting from the issuance date of the bonds [3][4] - The bondholders must hold the bonds until the interest payment date to receive the interest, and if they convert the bonds to shares before this date, they will not receive the interest for that year [3][4] Taxation Information - Individual bondholders are responsible for paying a personal income tax on the interest income at a rate of 20% [5] - Non-resident enterprises holding the bonds are exempt from corporate income tax and value-added tax on the interest income until December 31, 2025 [5]

Group 1 - The stock price of Guanzhong Ecological (300948) closed at 9.38 yuan, down 7.4% from the previous week [1] - The total market capitalization of Guanzhong Ecological is 1.326 billion yuan, ranking 44th out of 46 in the infrastructure sector and 5086th out of 5140 in the A-share market [1] - The convertible bond "Guanzhong Convertible Bond" has a conversion period from January 29, 2024, to July 20, 2029, with the latest conversion price set at 10.44 yuan per share [1] Group 2 - The revised performance forecast for 2024 indicates a net loss attributable to shareholders of 58 million to 73 million yuan, with a net loss excluding non-recurring gains and losses of 66 million to 81 million yuan [2] - The performance revision is primarily due to audit results from multiple projects, leading to a reduction in net profit by approximately 26 million yuan [2] - The company has expressed sincere apologies for the impact of this performance revision on investors and will ensure timely information disclosure in accordance with relevant laws and regulations [2]

Key Points - The company Qingdao Guanzhong Ecological Co., Ltd. has issued convertible bonds totaling RMB 399,752,400, with a net fundraising amount of RMB 391,499,056.61 after deducting issuance costs [1][2] - The convertible bonds, named "Guanzhong Convertible Bonds" with code "123207," were listed on the Shenzhen Stock Exchange on August 9, 2023 [1][2] - The conversion period for the bonds is from January 29, 2024, to July 29, 2029, with no additional interest on the principal [2][3] - The board of directors proposed to lower the conversion price of the bonds to RMB 10.50 per share, which will be adjusted to RMB 10.44 per share after the annual equity distribution in 2023 [3][4] - As of the end of the first quarter of 2025, there are 3,997,524 convertible bonds remaining, with a total face value of RMB 399,752,400 [4] - The total number of shares before the conversion was 140,030,118, and after the conversion, it increased to 140,030,146 shares, indicating a minor change in the total share capital [4]