建龙微纳：终止筹划重大资产重组事项 天能转债：提议下修 三房转债：不下修 伟24转债：强赎 中天精装：参投企业2亿元设立半导体公司 中天精装公告，其通过中经芯玑参投的芯玑半导体，出资19980万元与长江云河、上海世禹共同设立长江半导体，后两者分别出资19980 万元、20040万元，分别持有长江半导体33.30%、33.30%和33.40%股权 南特科技：北交所新股【上市】 美股感恩节【休市】 | 转债代码 | 转债名称 | とかけく以重える目 类型 | 日期 | 公告 | | --- | --- | --- | --- | --- | | 111012 | 福新转债 | 不强赎 | 2025-11-27 | 公告 | | 113683 | 伟24转债 | 强赎 | 2025-11-27 | 公告 | | 110092 | 三房转债 | 不下修 | 2025-11-27 | 公告 | 福新转债：不强赎 关注集思录微信 特别提示 本文不构成任何投资建议，仅为信息分享。任何因本文导致的投资行为发生的亏损，本公众号及作者概不承担任何责任。 集思录(www.jisilu.cn)是一个以数据为本的投资理财社区，专注于新 ...

（文章来源：证券日报） 证券日报网讯 11月26日晚间，天能重工发布公告称，截至2025年11月26日，公司股票已出现连续二十 个交易日中至少有十个交易日的收盘价低于当期转股价格的90%（即6.71元/股）的情形，已触发"天能 转债"转股价格的向下修正条款。2025年11月26日，公司召开第五届董事会第十三次会议，审议通过了 《关于董事会提议向下修正"天能转债"转股价格的议案》，该议案尚需提交公司股东会审议。 ...

2024年1至12月份，天能重工的营业收入构成为：制造业占比81.65%，新能源发电占比18.35%。 截至发稿，天能重工市值为61亿元。 每经头条（nbdtoutiao）——国开行辟谣的"人民资产"是什么？记者实探：号称投资600元80天赚8万 元！一位投资人的女儿：劝不住她，警察都拦不住 每经AI快讯，天能重工（SZ 300569，收盘价：5.93元）11月26日晚间发布公告称，公司第五届董事会 第十三次会议于2025年11月26日在公司会议室以通讯方式召开。会议审议了《关于董事会提议向下修 正"天能转债"转股价格的议案》等文件。 （记者 曾健辉） ...

证券日报网讯 11月19日晚间，天能重工发布公告称，公司股票自2025年10月30日至2025年11月19日已 有5个交易日的收盘价格低于当期转股价格的90%，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向不特定对象发行可转换公司债券募集说明书》 （简称"《募集说明书》"）中向下修正的相关条款。若触发"天能转债"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。 （文章来源：证券日报） ...

Group 1 - The report indicates that the current convertible bond valuation remains relatively high, with some newly issued bonds having higher premium rates compared to other bonds at parity. This is attributed to strong demand for convertible bonds and high industry prosperity, leading to excess returns on corresponding stocks and increased volatility, which supports the high valuation levels of these new bonds [1][10]. - The report anticipates that the high premium of newly issued bonds will persist, as high-prosperity industries will continue to issue convertible bonds, maintaining a balance structure close to the levels seen in 2025. This is expected to support the valuation levels of newly issued bonds and the overall market [1][10]. - The report tracks the valuation levels across various industries, identifying the top ten industries with the highest valuations, including Media, Computer, Defense, Machinery, Electronics, Automotive, Beauty, Communication, Food & Beverage, and Electric Equipment. The proportion of high-valuation industry bonds has increased in 2025 compared to 2023 and 2024, indicating a rise in the overall market valuation center [2][11]. Group 2 - The weekly strategy indicates that most stock indices experienced adjustments, with the China Convertible Bond Index showing a slight increase of 0.52%. The report highlights that the median price of bonds in the parity range has risen, indicating that convertible bond valuations remain at historically high levels [3][17]. - The report notes that market liquidity remains ample, and as investor risk appetite gradually recovers, a mid-term upward trend in stock indices is expected. Key areas of focus include the acceleration of AI industrialization, the "anti-involution" trend benefiting sectors like photovoltaics and steel, and future industry-related convertible bonds such as hydrogen energy and nuclear fusion [3][17][18]. - Recent increases in convertible bond valuations may be due to inflows of new capital into the market, driven by a better alignment of the convertible bond market structure with current market styles. Specific sectors such as photovoltaics, lithium batteries, coal, and steel are highlighted as key areas for institutional investment [4][17].

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]

Core Viewpoint - The company, Qingdao Tennen Heavy Industry Co., Ltd., has issued a notice regarding the potential downward adjustment of the conversion price for its convertible bonds, "Tennen Convertible Bonds," if the stock price continues to close below 90% of the current conversion price [1][7]. Group 1: Convertible Bond Basic Information - 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 [1]. - The bonds were listed on the Shenzhen Stock Exchange on November 25, 2020, under the name "Tennen Convertible Bonds" and the code "123071" [1]. Group 2: Conversion Price Adjustment History - The conversion price was adjusted multiple times, with the most recent adjustment on June 18, 2024, changing from 7.54 RMB/share to 7.47 RMB/share [5]. - Previous adjustments included a reduction from 7.68 RMB/share to 7.54 RMB/share on July 10, 2023, and from 7.76 RMB/share to 7.68 RMB/share on May 26, 2023 [3][4]. Group 3: Downward Adjustment Conditions - The downward adjustment of the conversion price can be triggered if the stock price closes below 90% of the current conversion price for at least 10 out of 20 consecutive trading days [6]. - If triggered, the company must hold a board meeting to decide on the adjustment and disclose the decision in a timely manner [7]. Group 4: Future Considerations - The next period for potential downward adjustment conditions will restart from February 3, 2025, if the conditions are met again [6]. - The company has decided not to propose a downward adjustment for the next six months, from February 18, 2025, to August 17, 2025 [6].