Core Viewpoint - The last trading day for the Emergency Convertible Bond and Youzu Convertible Bond is August 22, with significant potential losses for investors who do not act in time [2][3][5]. Group 1: Important Dates and Actions - Investors are reminded that August 22 is the last trading day for both Emergency Convertible Bond and Youzu Convertible Bond, with August 27 being the final conversion day [3][5]. - After August 27, unconverted convertible bonds will be frozen and cease trading and conversion [3][4]. - The conversion prices for the Emergency Convertible Bond and Youzu Convertible Bond are set at 7.06 CNY/share and 10.10 CNY/share, respectively, during the conversion period from August 25 to 27 [3][4]. Group 2: Financial Implications - As of August 21, the closing prices for Emergency Convertible Bond and Youzu Convertible Bond were 126.099 CNY and 163.240 CNY per bond, respectively, indicating potential losses of over 20% and 37% if investors fail to act [5]. - There are still 143 million CNY and 59 million CNY of Emergency Convertible Bond and Youzu Convertible Bond, respectively, that have not been traded or converted, representing over 17% and 5% of their total [5]. - Other convertible bonds, including Hongfeng Convertible Bond, Haopeng Convertible Bond, and others, are also approaching their last trading days, with various balances remaining [5]. Group 3: Redemption Mechanism - The forced redemption of convertible bonds occurs when the underlying stock price exceeds 130% of the conversion price for at least 15 out of 30 trading days [7]. - Investors are advised to either sell the convertible bonds or convert them within the specified period to avoid losses, as the company will redeem unconverted bonds at a price slightly above face value [7]. - New regulations have introduced a "Z" identifier for the last trading day of convertible bonds to alert investors of the associated risks [7].

Summary of Key Points - The core point of the article is that Dayu Water-saving (300021) announced that August 20 is the last conversion day for its convertible bonds, after which unconverted bonds will be forcibly redeemed at a price of 100.2 yuan per bond, including tax [1]. Group 1 - Dayu Water-saving's convertible bonds can still be converted by investors until the market closes on August 20 [1]. - After the market closes on August 20, any unconverted Dayu convertible bonds will cease to be convertible [1]. - The remaining convertible bonds will be redeemed at a price of 100.2 yuan per bond, which includes tax [1].

Core Viewpoint - The article discusses recent developments in convertible bonds, including strong redemption announcements and changes in stock names, indicating active market movements and potential investment opportunities in the convertible bond sector [1][2]. Group 1: Convertible Bond Announcements - Rongtai Convertible Bond has announced a strong redemption, effective from August 19, 2025 [1][2]. - Silk Road Convertible Bond will not undergo a down adjustment [1][2]. Group 2: Company Developments - ST Dongshi has signed a restructuring investment agreement with investors and will resume trading on August 19 [1]. - Diou Home intends to change its stock name to "Diou Shuihua" [1]. Group 3: Market Data on Convertible Bonds - Various convertible bonds are listed with their current prices, redemption prices, last trading dates, last conversion dates, conversion values, remaining scales, and the proportion of convertible bonds to the underlying stocks [4][6]. - For example, the current price of Bohui Convertible Bond is 177.000, with a redemption price of 100.020, and a conversion value of 177.25 [4].

Core Points - The company announced that the "Dayu Convertible Bonds" will be forcibly redeemed at a price of 100.20 yuan per bond (including tax) after the market closes on August 20, 2025, and investors are advised to convert their bonds into stocks before the deadline to avoid potential losses [1][2][11] - The conditional redemption clause was triggered as the company's stock price met the criteria of being at least 130% of the conversion price of 3.66 yuan per share for at least 15 out of 30 consecutive trading days [2][11] - The company issued 6.38 million convertible bonds at a face value of 100 yuan each, totaling 638 million yuan, with a maturity period of 6 years starting from the issuance date [2][3] Convertible Bond Details - The initial conversion price was set at 4.94 yuan per share, which was adjusted to 4.84 yuan per share following the company's 2020 profit distribution plan [3][4] - The conversion price has undergone several adjustments, with the latest being 3.71 yuan per share effective from August 13, 2024, due to stock repurchases and annual profit distribution [9][10] - The bonds were issued on July 28, 2020, and began trading on the Shenzhen Stock Exchange on August 20, 2020 [3][4] Redemption Process - The redemption price is calculated based on the bond's face value plus accrued interest, resulting in a total of 100.20 yuan per bond [13] - The redemption will be executed for all bondholders registered with the China Securities Depository and Clearing Corporation by the close of trading on August 20, 2025 [13][14] - Bondholders must apply for conversion through the securities company that holds their bonds, with a minimum conversion unit of 1 bond [15]

Core Viewpoint - The company has announced the mandatory redemption of its convertible bonds, "Dayu Convertible Bonds," at a price of 100.20 yuan per bond, highlighting the significant difference between the secondary market price and the redemption price, urging bondholders to convert their bonds into shares within the specified period [1][12][13]. Group 1: Convertible Bond Overview - The company issued 6.38 million convertible bonds on July 28, 2020, with a face value of 100 yuan each, totaling 638 million yuan, and a maturity period of 6 years [2]. - The initial conversion price was set at 4.94 yuan per share, which was adjusted to 4.84 yuan per share on May 27, 2021, following the company's profit distribution plan [3][4]. - The conversion price has undergone several adjustments, with the latest being 3.71 yuan per share as of August 13, 2024, due to share buybacks and annual profit distributions [10][11]. Group 2: Redemption Conditions and Procedures - The redemption condition was triggered as the company's stock price met the requirement of being at least 130% of the conversion price (4.76 yuan) for 15 out of 30 consecutive trading days from July 4 to July 30, 2025 [1][12]. - The redemption price is calculated as the bond's face value plus accrued interest, totaling 100.20 yuan per bond, which includes a 3.00% annual interest rate [12][13]. - Bondholders must apply for conversion through their securities company, with a minimum conversion unit of 1 bond, and any fractional shares will be compensated in cash [14].

Group 1 - The core announcement from Dayu Water-saving indicates that as of August 20, 2025, any unconverted Dayu convertible bonds will be forcibly redeemed at a price of 100.20 yuan per bond (including tax) [1] - The current secondary market price of Dayu convertible bonds shows a significant difference from the redemption price, prompting the company to remind bondholders to convert their bonds within the specified period [1] - Investors who fail to convert their bonds in time may face potential losses, highlighting the importance of timely action for bondholders [1]

Core Viewpoint - The company has announced the mandatory redemption of its convertible bonds, "Dayu Convertible Bonds," at a price of 100.20 CNY per bond, highlighting the significant difference between the secondary market price and the redemption price, urging bondholders to convert their bonds into shares within the specified period [1][2]. Summary by Sections Convertible Bond Basic Information - The company issued 6.38 million convertible bonds on July 28, 2020, with a face value of 100 CNY each, totaling 638 million CNY, and a maturity period of 6 years [2]. - The bonds were listed on the Shenzhen Stock Exchange on August 20, 2020, under the name "Dayu Convertible Bonds" and code "123063" [2]. Conversion Period and Price Adjustments - The conversion period for the bonds started on February 3, 2021, and will end on July 27, 2026 [2]. - The initial conversion price was set at 4.94 CNY per share, which was adjusted to 4.84 CNY per share on May 27, 2021, due to the company's profit distribution plan [3][4]. - Further adjustments to the conversion price occurred, with the latest adjustment setting the price at 3.66 CNY per share as of June 24, 2025 [11]. Redemption Conditions - The company triggered the conditional redemption clause for the bonds, as the stock price met the criteria of being at least 130% of the conversion price (4.76 CNY) for 15 out of 30 consecutive trading days from July 4 to July 30, 2025 [1][12]. - The redemption price is calculated to include accrued interest, resulting in a total of 100.20 CNY per bond [13]. Redemption Process - The redemption will be executed for all bondholders registered with the China Securities Depository and Clearing Corporation by August 20, 2025 [13]. - Bondholders must apply for conversion through their securities company, with a minimum conversion unit of 1 bond [14].

Core Viewpoint - The company has announced the mandatory redemption of its convertible bonds, "Dayu Convertible Bonds," at a price of 100.20 CNY per bond, highlighting the significant difference between the market price and the redemption price, urging bondholders to convert their bonds into shares within the specified period [1][12][13]. Group 1: Convertible Bond Overview - The company issued 6.38 million convertible bonds on July 28, 2020, with a total value of 638 million CNY and a maturity of six years [2]. - The initial conversion price was set at 4.94 CNY per share, which was adjusted to 4.84 CNY per share on May 27, 2021, due to the company's profit distribution plan [3][4]. - The conversion price has undergone several adjustments, with the latest being 3.71 CNY per share effective from August 13, 2024 [10][11]. Group 2: Redemption Conditions - The redemption condition was triggered as the company's stock price was at least 130% of the conversion price (4.76 CNY) for at least 15 out of 30 consecutive trading days from July 4 to July 30, 2025 [1][12]. - The redemption price includes the face value of the bond plus accrued interest, calculated to be 100.20 CNY per bond [12][13]. Group 3: Redemption Process - Bondholders must apply for conversion through the securities company that holds their bonds, with a minimum conversion unit of one bond [14]. - The company will publish announcements regarding the redemption results and the delisting of the "Dayu Convertible Bonds" from the Shenzhen Stock Exchange [13][14].

Group 1: New Stock Issuances - China Heavy Industry (601989) has a cash option declaration period from August 13, 2025[1] - China Shipbuilding (600150) has a buyback request period from August 13 to August 15, 2025[1] - Shenkai Co. (002633) has a tender offer period from July 29 to August 27, 2025[1] Group 2: Tender Offers and Mergers - ST Kelly (300326) has a tender offer period from July 17 to August 15, 2025[1] - Fushun Special Steel (600399) has a tender offer period from August 12 to September 10, 2025[1] - China Heavy Industry (601989) is involved in an absorption merger[1] Group 3: Abnormal Fluctuations - Tianlu Convertible Bond (110060) reported severe abnormal fluctuations on July 30, 2025[2] - Henghe Precision (300539) reported abnormal fluctuations on July 29, 2025[2] - ST Suwu (600200) reported abnormal fluctuations on August 6, 2025[2]

Core Viewpoint - The company has announced the mandatory redemption of its convertible bonds, "Dayu Convertible Bonds," at a price of 100.20 yuan per bond, highlighting the significant difference between the secondary market price and the redemption price, urging bondholders to convert their bonds into shares within the specified period [1][11]. Group 1: Convertible Bond Overview - The company issued 6.38 million convertible bonds on July 28, 2020, with a total amount of 638 million yuan and a maturity of six years [2]. - The initial conversion price was set at 4.94 yuan per share, which was adjusted to 4.84 yuan per share on May 27, 2021, due to the company's profit distribution plan [3][4]. - The conversion price has undergone several adjustments, with the latest being 3.66 yuan per share as of June 24, 2025, following the company's annual equity distribution plan [10][11]. Group 2: Redemption Conditions and Procedures - The mandatory redemption was triggered as the company's stock price met the condition of being at least 130% of the conversion price (4.76 yuan) for at least 15 out of 30 consecutive trading days from July 4 to July 30, 2025 [11]. - The redemption price is calculated as the bond's face value plus accrued interest, totaling 100.20 yuan per bond, which includes a 0.20 yuan interest for the period [12][13]. - Bondholders must apply for conversion through the securities company that holds their bonds, with the minimum conversion unit being one bond [14].