Core Points - The company held its 17th meeting of the 3rd Board of Directors on August 14, 2025, where all 7 directors attended and the meeting was deemed legally valid [1] - The Board approved the 2025 semi-annual report and its summary, confirming that the report accurately reflects the company's financial status and operational results without any misleading statements [1][2] - The Board also approved a special report on the storage and actual use of raised funds for the first half of 2025, confirming compliance with relevant regulations and proper use of funds [2] - A semi-annual evaluation report on the quality improvement and efficiency enhancement action plan for 2025 was also approved by the Board [2][3] - The Board approved an adjustment to the issuance price and quantity of shares for a specific group following the implementation of the 2024 annual equity distribution, with the price adjusted from 44.29 yuan to 31.21 yuan and the number of shares increased from 4,515,692 to 6,408,202 [3]

Summary of Key Points Core Viewpoint - The company, Zhuzhou Huari Precision Tools Co., Ltd., has announced the interest payment schedule for its convertible bonds, which will begin on June 24, 2025, following the issuance of 4 million convertible bonds in 2022, totaling 400 million yuan [1][2]. Group 1: Convertible Bond Issuance Overview - The company issued 4 million convertible bonds with a face value of 100 yuan each, totaling 400 million yuan, with a maturity period of six years from June 24, 2022, to June 23, 2028 [1][2]. - The coupon rates for the bonds are structured as follows: 0.30% for the first year, 0.50% for the second year, 1.00% for the third year, 1.80% for the fourth year, 2.50% for the fifth year, and 3.00% for the sixth year [1][2]. Group 2: Interest Payment Details - The interest payment for the third year will be calculated for the period from June 24, 2024, to June 23, 2025, at a rate of 1.00%, resulting in an interest payment of 1.00 yuan per bond (before tax) [3][4]. - The interest payment dates are set as follows: the record date for interest payment is June 23, 2025; the ex-dividend date is June 24, 2025; and the payment date is also June 24, 2025 [4][5]. Group 3: Tax Implications for Investors - Individual investors are subject to a 20% personal income tax on the interest income, resulting in a net payment of 0.80 yuan per bond after tax [5]. - Non-resident enterprises holding the bonds are exempt from corporate income tax on the interest income until December 31, 2025, allowing them to receive the full interest amount of 1.00 yuan per bond [5]. Group 4: Contact Information - The company and its associated institutions have provided contact details for inquiries regarding the bond issuance and interest payments [6].

Group 1 - The company's credit rating remains at "A+" with a stable outlook for both the company and the convertible bonds [1][2] - The tracking credit rating report was issued by Zhongceng Pengyuan on June 16, 2025, confirming the previous ratings [2] - The previous credit rating was conducted on June 24, 2024, with the same results [1][2] Group 2 - The company issued convertible bonds to unspecified investors in June 2022 [1] - The rating agency conducted a comprehensive analysis of the company's operational status and related industries [2]

Core Points - The company announced the implementation of the 2024 annual profit distribution plan, which includes a cash dividend of 0.60 CNY per share and a capital increase of 0.40 shares for every share held [3][5][10] - The total cash dividend distribution amounts to approximately 37.35 million CNY, and the capital increase will result in a total share capital of 87.16 million shares after the distribution [5][10] - The adjustment of the convertible bond conversion price from 91.31 CNY to 64.79 CNY per share will take effect on June 25, 2025, following the profit distribution [11][15][16] Profit Distribution and Capital Increase - The profit distribution and capital increase plan was approved at the company's annual general meeting on May 22, 2025 [3][4] - The distribution is based on a total share capital of 62,257,132 shares, with a cash dividend of 0.60 CNY per share and a capital increase of 0.40 shares per share [5][10] - The total cash dividend to be distributed is 37,354,279.20 CNY, and the capital increase will add 24,902,852 shares [5][10] Convertible Bond Adjustment - The adjustment of the convertible bond conversion price is based on the profit distribution plan, with the new conversion price set at 64.79 CNY per share [11][15][16] - The conversion price adjustment formula considers the cash dividend and the capital increase ratio [13][15] - The adjustment will be effective from June 25, 2025, after the profit distribution [11][16] Cash Management of Idle Funds - The company plans to use up to 70 million CNY of temporarily idle convertible bond funds for cash management, investing in low-risk, liquid financial products [18][20][22] - The cash management strategy aims to enhance the efficiency of fund utilization without affecting the ongoing projects funded by the convertible bonds [20][26] - The board of directors and the supervisory board have approved this cash management plan, ensuring compliance with relevant regulations [30][31][42]

Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds in conjunction with the 2024 annual profit distribution and capital reserve increase plan, which includes a cash dividend and a stock bonus distribution [3][4][6]. Group 1: Securities Suspension and Resumption - The company's securities will be suspended and resumed trading due to the implementation of the 2024 annual profit distribution [1]. Group 2: Annual Shareholder Meeting Decisions - The company held its 2024 annual shareholder meeting on May 22, 2025, where it approved a cash dividend of 6 yuan (including tax) for every 10 shares and a capital reserve increase of 4 shares for every 10 shares [3]. Group 3: Adjustment of Conversion Price - The adjustment formula for the conversion price of the convertible bonds is specified, taking into account various scenarios such as stock dividends, capital increases, and cash dividends [4][5]. - The conversion price will be adjusted from 91.31 yuan per share to 64.79 yuan per share, effective from June 25, 2025 [6][8]. - The calculation for the new conversion price is based on the cash dividend of 0.60 yuan per share and a capital increase rate of 0.4 [7][8].

Core Viewpoint - The company has announced adjustments to its 2024 annual profit distribution cash dividend total and capital reserve fund increase in share capital total due to the conversion of its convertible bonds, maintaining the per-share distribution ratio unchanged [1][2][5]. Summary by Relevant Sections Cash Dividend Adjustment - The company plans to distribute a cash dividend of 6 yuan (including tax) per 10 shares, with the total cash dividend amount adjusted from 37,354,267.20 yuan (including tax) to 37,354,279.20 yuan (including tax) [1][5]. - The cash dividend ratio for the year remains at 34.92% [5]. Capital Reserve Fund Increase in Share Capital Adjustment - The company intends to increase share capital by 4 shares for every 10 shares held, with the total number of shares to be increased adjusted from 24,902,844 shares to 24,902,852 shares [1][5]. - Following the adjustment, the total share capital will increase to 87,159,984 shares [5]. Reason for Adjustment - The adjustments are necessitated by the conversion of the company's convertible bonds "Huarui Convertible Bonds," which will increase the total share capital from 62,257,112 shares to 62,257,132 shares [2][3].

Group 1 - The company, Zhuzhou Huarui Precision Cutting Tools Co., Ltd, issued convertible bonds totaling RMB 400 million, with a net amount of RMB 393.43 million after deducting issuance costs [3][14]. - The bonds have a maturity of six years, from June 24, 2022, to June 23, 2028, with an annual interest rate that increases from 0.30% in the first year to 3.00% in the sixth year [4][11]. - The initial conversion price of the bonds was set at RMB 130.91 per share, which has been adjusted to RMB 91.31 per share as of the report date [7][8]. Group 2 - In 2024, the company reported a revenue of RMB 75.91 million, a decrease of 4.43% compared to the previous year, and a net profit of RMB 10.70 million, down 32.26% year-on-year [15]. - The decline in revenue and profit is attributed to macroeconomic fluctuations, reduced capacity utilization, and a higher proportion of lower-margin products [15]. - The company's total assets increased by 14.41% to RMB 2.53 billion in 2024 compared to 2023 [15]. Group 3 - The funds raised from the bond issuance are allocated for various projects, including the construction of precision CNC tool production lines, with a total investment of RMB 47.14 million [14][16]. - As of December 31, 2024, the company has invested RMB 322.31 million of the raised funds, with some projects experiencing delays due to the complexity of construction and the need for phased investment [17] - The company has also engaged in cash management of temporarily idle funds, investing in safe and liquid financial products [17].

Core Viewpoint - The company announces the adjustment of the conversion price for its convertible bonds due to the implementation of the 2024 annual profit distribution and capital reserve increase, resulting in a new conversion price of 64.79 CNY per share from the previous 91.31 CNY per share [1][2][3]. Summary of Key Points 1. Securities Suspension and Resumption - The company's convertible bonds will be suspended from conversion from June 18, 2025, until the registration date for the rights distribution, with resumption on the first trading day after the registration date [1][2]. 2. Annual Profit Distribution Plan - The company plans to distribute a cash dividend of 6 CNY (including tax) for every 10 shares and increase capital reserves by converting them into shares at a ratio of 0.4 for every 10 shares held [1][2]. 3. Adjustment of Conversion Price - The conversion price for the convertible bonds will be adjusted according to the formula: P1 = (P0 - D) / (1 + n), where P0 is the previous conversion price of 91.31 CNY, D is the cash dividend of 0.60 CNY per share, and n is the capital increase ratio of 0.4, resulting in a new conversion price of 64.79 CNY per share [2][3]. 4. Announcement and Contact Information - The company will publish the implementation announcement and the adjustment of the conversion price on June 19, 2025, and investors can refer to the company's bond issuance prospectus for more details [2][4].

Core Points - The company announced that due to the implementation of the 2024 annual equity distribution, the convertible bonds will stop conversion from June 18, 2025, until the equity distribution registration date [1] - The equity distribution plan includes a cash dividend of 6 yuan (after tax) for every 10 shares and a capital reserve increase of 4 shares for every 10 shares [1] - The adjusted conversion price for the convertible bonds will be 64.79 yuan per share, effective from the first trading day after the equity distribution registration date [1] - Holders of convertible bonds wishing to enjoy the equity distribution must convert their bonds before June 17, 2025 [1]

| 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2025-015 | | --- | --- | --- | | 转债代码：118009 | 转债简称：华锐转债 | | 株洲华锐精密工具股份有限公司 关于不向下修正"华锐转债"转股价格的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 截至本公告披露日，株洲华锐精密工具股份有限公司（以下简称"公司"） 股价已触发"华锐转债"转股价格向下修正条款。 经公司第三届董事会第十四次会议审议，公司董事会决定本次不向下修 正"华锐转债"转股价格，同时在未来六个月内（即 2025 年 2 月 26 日至 2025 年 8 月 25 日），如再次触发"华锐转债"转股价格向下修正条款，亦不提出向 下修正方案。 一、可转换公司债券基本情况 因公司实施 2023 年年度权益分派方案，自 2024 年 6 月 28 日起转股价格调 整为 91.65 元/股，具体内容详见公司于 2024 年 6 月 22 日在上海证券交易所网站 (http://www.sse. ...