Group 1 - The core viewpoint of the article discusses recent developments in the Chinese stock market, particularly focusing on new stock listings and convertible bonds [1] - The new stock "Youli Intelligent" on the Beijing Stock Exchange has a threshold of 6.47 million [1] - The "Lincang Convertible Bond" is undergoing a down adjustment [1] - The "Gansu Energy Chemical" has resumed production at its Wangjiashan Coal Mine, well number one [1] - The "Aofei Convertible Bond" will not be forcibly redeemed [1] - "Dongjie Intelligent" is undergoing changes in its controlling shareholder's upper-level equity structure, which may lead to a change in the actual controller [1] - The "Xianle Convertible Bond," "Shengxun Convertible Bond," and "Jingrui Convertible Bond 2" will not undergo down adjustments [1] - "Dingjia Precision" has been listed as a new stock on the Beijing Stock Exchange [1]

Group 1 - The company, Guangdong Aofei Data Technology Co., Ltd., has seen its stock price from July 10, 2025, to July 23, 2025, close at or above 130% of the current conversion price of the convertible bond, indicating a potential trigger for the conditional redemption clause of the "Aofei Convertible Bond" [1][8] - The current conversion price of the "Aofei Convertible Bond" is 10.06 yuan per share, and the 130% threshold for triggering redemption is 13.078 yuan per share [1][8] - If the stock price continues to meet the threshold, the company's board has the authority to redeem all or part of the unconverted "Aofei Convertible Bonds" at face value plus accrued interest [1][8] Group 2 - The company issued 6.35 million convertible bonds with a total fundraising amount of 635 million yuan, with a face value of 100 yuan per bond [2] - The conversion period for the bonds is from June 9, 2021, to December 2, 2027 [2] - The bond's conversion price has been adjusted multiple times, with the latest adjustment bringing it down to 10.09 yuan per share [5][6] Group 3 - The bond has a tiered interest rate structure, starting at 0.5% in the first year and increasing to 2.8% in the sixth year [8] - The company has outlined specific conditions under which the bonds can be redeemed, including if the stock price remains above the conversion price for a specified period or if the unconverted bond balance falls below 30 million yuan [7][8]

Group 1 - The China Securities Convertible Bond Index opened up by 0.03% [1] - Tianyang Convertible Bond and Lidao Convertible Bond increased by nearly 5% [1] - Jiahe Convertible Bond rose by 4.6% [1] Group 2 - Zhenhua Convertible Bond decreased by 2.6% [1] - Aofei Convertible Bond fell by nearly 2% [1]

Core Viewpoint - The China Convertible Bond Index opened lower by 0.02%, indicating a slight decline in the overall market sentiment for convertible bonds [1] Group 1: Performance of Specific Convertible Bonds - Hangzhou Oxygen's convertible bond increased by 3.4%, showing strong performance compared to others [1] - Tianyang's convertible bond rose by 2.8%, reflecting positive investor sentiment [1] - Jiuzhou's convertible bond and Huaxiang's convertible bond both increased by over 1%, indicating a stable interest in these securities [1] Group 2: Decline in Specific Convertible Bonds - Aofei's convertible bond fell by over 1%, suggesting potential concerns among investors [1] - Lizhi's convertible bond and Yanggu's convertible bond both declined by nearly 1%, indicating a slight downturn in their market performance [1]

Group 1 - The China Securities Convertible Bond Index fell by 0.28% at midday [1] - The convertible bonds of Oton, Hongchang, and Aofei experienced declines of 4.47%, 3.71%, and 3.44% respectively [1] - Zsheng Convertible Bond rose by 13.40%, while Feikai Convertible Bond increased by 3.76% [1]