Core Viewpoint - The article discusses the status of various convertible bonds, highlighting which bonds are subject to strong redemption, which are not, and the upcoming trading and conversion dates for specific bonds [1][2]. Group 1: Convertible Bonds Status - Huayou Convertible Bond is subject to strong redemption [1][2]. - Both Tianneng Convertible Bond and Tianci Convertible Bond are not subject to down adjustment [1][2]. - Shentong Convertible Bond and Bo23 Convertible Bond are not subject to strong redemption [1][2]. Group 2: Trading and Conversion Dates - The last trading day for Zhongzhuang Convertible Bond is September 3, 2025 [1][2]. - The last trading day for various other convertible bonds ranges from August 27, 2025, to September 24, 2025, with specific conversion dates following shortly after [4][6]. Group 3: Pricing and Valuation - Current prices for several convertible bonds are listed, with notable examples including: - Kaineng Convertible Bond at 124.657 with a strong redemption price of 100.118 [4]. - Qizheng Convertible Bond at 145.298 with a strong redemption price of 101.701 [4]. - The conversion values and remaining scales for these bonds indicate their market performance and investor interest [4][6].

Group 1 - The company TianNeng Heavy Industry (SZ 300569) announced on August 29 that its fifth board meeting was held to discuss the proposal regarding not adjusting the conversion price of "TianNeng Convertible Bonds" [1] - For the fiscal year 2024, the company's revenue composition is as follows: manufacturing accounts for 81.65%, while new energy generation accounts for 18.35% [1] - As of the report date, TianNeng Heavy Industry has a market capitalization of 5.6 billion yuan [1] Group 2 - The domestic A-class car exhibition, featuring nearly 120 brands and 1,600 vehicles, is set to reshape the market landscape for new energy vehicles in the southwest region [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][5]. Group 1: Convertible Bond Issuance and Terms - The company issued 7 million convertible bonds with a total value of 700 million RMB, each with a face value of 100 RMB, approved by the China Securities Regulatory Commission on October 21, 2020 [2]. - The bonds were listed on the Shenzhen Stock Exchange on November 25, 2020, under the name "TianNeng Convertible Bonds" with the code "123071" [2]. - The conversion period for these bonds is from April 27, 2021, to October 20, 2026 [2]. Group 2: Conversion Price Adjustment History - The conversion price has been adjusted multiple times since issuance, with the most recent adjustment setting the price at 7.54 RMB per share effective from July 10, 2023 [3]. - The company previously adjusted the conversion price to 7.76 RMB per share effective from June 17, 2022 [4]. Group 3: Decision on Price Adjustment - On August 29, 2025, the company’s board decided not to exercise the right to adjust the conversion price downward, despite the stock price being below 90% of the current conversion price for ten trading days [5][6]. - The next period for potential price adjustment will start from October 30, 2025, should the conditions be triggered again [1][5].

Core Viewpoint - The company has proposed a profit distribution plan for the first half of 2025, aiming to reward shareholders with cash dividends while considering its business development and financial status [1][2][3] Group 1: Profit Distribution Plan - The company reported a net profit attributable to shareholders of 1,453,541,232.96 CNY for the first half of 2025 [1] - The total share capital of the company is 1,022,710,620 shares, with 19,894,859 shares held in the company's repurchase account, which do not participate in profit distribution [2] - The proposed cash dividend is 0.10 CNY per 10 shares (including tax), with no stock dividends or bonus shares [2][3] - The total expected cash dividend payout amounts to 10,028,157.61 CNY based on the adjusted share capital [3] Group 2: Justification of the Cash Dividend Plan - The profit distribution plan complies with relevant regulations and considers the company's operational performance, future funding needs, and investor returns [3]

证券代码：300569 证券简称：天能重工 公告编号：2025-072 债券代码：123071 债券简称：天能转债 青岛天能重工股份有限公司 关于"天能转债"预计触发转股价格向下修正条件的 提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 特别提示： 若后续公司股票收盘价格继续低于当期转股价格的 90%，预计有可能触发《青 岛天能重工股份有限公司创业板向不特定对象发行可转换公司债券募集说明书》 （以下简称"《募集说明书》"）中向下修正的相关条款。若触发转股价格向 下修正条款，公司将按照《深圳证券交易所上市公司自律监管指引第 15 号—— 可转换公司债券》和《募集说明书》中的规定及时履行后续审议程序和信息披 露义务。敬请广大投资者注意投资风险。 一、可转换公司债券基本情况 （一）可转债发行上市情况 经中国证券监督管理委员会"证监许可〔2020〕2326 号"文同意注册的批 复，青岛天能重工股份有限公司（以下简称"公司"）于 2020 年 10 月 21 日向 不特定对象发行了 700 万张可转换公司债券，每张面值 100 元，发行总额 7 亿 元人民币 ...

转债代码：123071 转债简称：天能转债 一、股东的基本情况 | 2025 | | | 占剔除截至 | 年 | 7 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 占公司总 | | | | | 持有无限售 | | | 持有有限售 | | 持有数量 月 18 | | | | 日公司回购专 | | | | | | 股东名称 股本的比 | | | | | | 条件股份 | | 条件股份 | | （股） 用账户股份数量后 | | | | | | | | | | 例（%） | | | | | （股） | | （股） | | | 股本的比例（%） | | | | | | | | | | 郑旭 49,119,687 4.80 4.90 | | | | | 49,119,687 | 0 | | | | 二、本次减持计划的主要内容 | | | | | | | | | | 股东名称 郑旭 | | | | | | | | | | 拟减持数量 不超过 30,084,472 股 | | | | | | | | | | 拟减持数量占公司总 | | | ...

Group 1: Company Overview and Financial Performance - The company achieved a wind tower production of approximately 446,900 tons and sales of about 435,100 tons in 2024, with revenue from wind equipment manufacturing reaching 2.631 billion CNY, accounting for 80.38% of total revenue [2] - As of the end of Q1 2025, the company has a backlog of wind product orders totaling 480,900 tons, indicating an increase in order volume and pricing for 2025 [3] Group 2: Capacity Expansion and Production Plans - The second phase of the Jiangsu Yancheng factory's offshore base upgrade and expansion is expected to be completed in 2025, adding an annual capacity of 80,000 tons, focusing on large monopiles, tower tubes, and other offshore products [4] - The company is optimizing its capacity layout by shutting down the Dalian factory to enhance asset efficiency [4] Group 3: Financial Instruments and Credit Ratings - The next period for triggering the downward adjustment of the convertible bond conversion price will restart from August 18, 2025, with the board considering market conditions and operational factors for any potential adjustments [4] - The company's credit rating is AA- with a stable outlook, as confirmed by a report from a credit rating agency [4] Group 4: Renewable Energy Generation Capacity - The company currently holds a total renewable energy generation capacity of approximately 681.3 MW, including 118 MW from grid-connected photovoltaic power stations and 563.3 MW from wind power plants [5] - In 2024, the average utilization hours for power generation were 2,413 hours, resulting in an on-grid electricity output of 1.603 billion kWh and revenue of approximately 600.288 million CNY [5]