Group 1 - The company has issued convertible bonds amounting to RMB 57 million, with a maturity of 6 years and a tiered interest rate starting from 0.30% in the first year to 2.50% in the sixth year [2][3] - The initial conversion price for the convertible bonds was set at RMB 23.19 per share, which has been adjusted multiple times, currently standing at RMB 11.98 per share [4][5] - The company has the right to redeem the convertible bonds under certain conditions, including if the stock price remains above 130% of the conversion price for a specified number of trading days [7][8] Group 2 - As of the period from July 25, 2025, to August 15, 2025, the company's stock has already met the condition of closing prices being above RMB 15.57 for 10 trading days, indicating a potential trigger for the redemption of the convertible bonds [8]

Core Viewpoint - The announcement details the reduction of convertible bonds by shareholders of Wuhu Fuchun Dyeing and Weaving Co., Ltd., indicating significant shareholder activity in the company's financial instruments [1][2][3]. Group 1: Convertible Bond Issuance - The company issued 5.7 million convertible bonds on June 23, 2022, with a total value of RMB 57 million, each with a face value of RMB 100 [1]. - Major shareholders, including controlling shareholders He Peifu, He Biying, and He Biyu, received significant allocations, with He Peifu receiving 2,572,130 bonds, accounting for 45.13% of the total issuance [1]. Group 2: Shareholder Reduction Activities - From February 21, 2023, to August 8, 2025, shareholders reduced their holdings by a total of 619,920 bonds, representing 10.88% of the total issuance [1]. - Specific reductions included 62,100 bonds from February 21 to June 20, 2023, and 557,820 bonds from July 17 to August 8, 2025 [1]. - Previous reductions included 610,000 bonds from January 9 to January 11, 2023, and 570,000 bonds from January 12 to January 13, 2023, among other transactions [2][3].

Core Viewpoint - The announcement details the adjustment of the conversion price for the company's convertible bonds due to the implementation of the 2024 annual profit distribution plan, which includes cash dividends and capital reserve transfers to shareholders [1][4][5]. Group 1: Securities Information - The company issued 5.7 million convertible bonds with a total value of RMB 570 million on June 23, 2022, with an initial conversion price of RMB 23.19 per share [3]. - The conversion price was adjusted to RMB 19.29 per share on December 23, 2022, and further adjusted to RMB 15.85 per share on May 23, 2023, following the completion of the 2022 annual profit distribution [3][4]. - The conversion price will be adjusted to RMB 15.70 per share starting from May 23, 2024, after the 2023 annual profit distribution [3][4]. Group 2: Profit Distribution Plan - The 2024 profit distribution plan includes a cash dividend of RMB 1.80 per 10 shares (before tax) and a capital reserve transfer of 3 shares for every 10 shares held [4][5]. - The record date for the profit distribution is set for June 25, 2025, with the ex-dividend date to be announced [4]. Group 3: Conversion Price Adjustment - The conversion price will be adjusted from RMB 15.70 per share to RMB 11.98 per share, effective June 26, 2025 [5][7]. - The adjustment formula considers the cash dividend and the capital increase ratio due to the profit distribution [6][7]. - The company will suspend the conversion of the bonds from June 18, 2025, to June 25, 2025, and will resume conversion on June 26, 2025 [8].

Core Viewpoint - The company has announced adjustments to its 2024 profit distribution cash dividend total and capital reserve transfer to increase share capital due to changes in the number of shares eligible for distribution following a share buyback [1][2]. Summary of Adjustments - Cash Dividend Total: The company plans to distribute a cash dividend of 1.80 yuan (including tax) per 10 shares, with the total cash dividend amount adjusted from 26,730,613.80 yuan (including tax) to 26,585,865.00 yuan (including tax) [1][5]. - Capital Reserve Transfer: The company intends to transfer 3 shares for every 10 shares held, with the total number of shares to be transferred adjusted from 44,551,023 shares to 44,309,775 shares, resulting in a total share capital increase to 194,076,105 shares [1][5]. Reason for Adjustments - The adjustments were made due to a share buyback that altered the number of shares eligible for profit distribution. The company maintained the per-share distribution and transfer ratios while adjusting the total amounts accordingly [2][3]. Share Buyback Details - As of June 3, 2025, the company completed a share buyback of 2,067,080 shares, which are held in a special account and do not participate in profit distribution or capital reserve transfers [4][5].

Core Viewpoint - Fuchun Dyeing and Weaving (605189) has seen a stock price increase, reaching a recent high, and has announced a profit distribution plan for 2024, which includes cash dividends and stock bonuses for shareholders [1][2]. Company Announcements - The company reported a stock price of 15.51 yuan as of June 13, 2025, up 1.91% from the previous week, with a market capitalization of 2.323 billion yuan, ranking 25th in the textile manufacturing sector [1]. - The profit distribution plan for 2024 includes a cash dividend of 1.80 yuan (tax included) for every 10 shares and a capital reserve bonus of 3 additional shares for every 10 shares held, approved by the 2024 annual general meeting [1]. - The "Fuchun Convertible Bonds" will suspend conversion from June 18, 2025, until the record date for the profit distribution, with conversion resuming on the first trading day after the record date [1]. - The company will announce the implementation details of the profit distribution and the adjustment of the convertible bond conversion price on June 19, 2025 [1]. - The third-year interest payment for the "Fuchun Convertible Bonds" will occur on June 23, 2025, with a payment amount of 1.00 yuan (tax included) for each 100 yuan face value bond [2][3].

Core Points - The company announced the interest payment schedule for its convertible bonds, "Fuchun Convertible Bonds," which will begin on June 23, 2025 [1][5][7] Group 1: Bond Issuance Overview - The total issuance amount of the convertible bonds is RMB 570 million, with 5.7 million bonds issued at a face value of RMB 100 each [2][4] - The bonds have a term of six years, from June 23, 2022, to June 22, 2028 [2] - The interest rates for the bonds are structured to increase over the years, starting from 0.30% in the first year to 2.50% in the sixth year [2][4] Group 2: Interest Payment Details - The interest payment for the third year will be calculated based on a rate of 1.00%, resulting in a payment of RMB 1.00 per bond (before tax) [5][6] - The interest payment record date is set for June 20, 2025, with the ex-dividend date on June 23, 2025 [7][8] - The actual payment to bondholders will be RMB 0.80 per bond after a 20% personal income tax deduction [6][8] Group 3: Conversion and Redemption - The conversion period for the bonds is from December 29, 2022, to June 22, 2028 [4] - The initial conversion price is set at RMB 23.19 per share, with the latest conversion price adjusted to RMB 15.70 per share [4] Group 4: Credit Rating and Guarantee - The company has a credit rating of "AA-" with a stable outlook, and the same rating applies to the "Fuchun Convertible Bonds" [4] - The bonds are secured by a pledge of shares from the controlling shareholder, ensuring the repayment of principal and interest [4]

Group 1 - The company will suspend the conversion of its convertible bonds "富春转债" from June 18, 2025, until the equity distribution registration date due to the implementation of the 2024 equity distribution plan [1][2][3] - The 2024 profit distribution plan was approved at the annual shareholders' meeting on April 29, 2025, and details can be found in the company's previous announcements [2] - After the implementation of the equity distribution plan, the company will adjust the conversion price of "富春转债" according to the terms outlined in the bond issuance prospectus [2][3] Group 2 - Holders of "富春转债" can convert their bonds until June 17, 2025, to enjoy the benefits of the equity distribution [3] - The company will disclose the relevant announcements regarding the equity distribution implementation and the adjustment of the convertible bond conversion price on June 19, 2025 [2][3] - For further details on "富春转债," investors are directed to the bond issuance prospectus published on June 21, 2022 [3]

Group 1 - The China Securities Convertible Bond Index opened with a slight increase of 0.02%, reaching 421.40 points [1] - Notable gainers in the convertible bond market include Weice Convertible Bond, Jialian Convertible Bond, Sailong Convertible Bond, Yitian Convertible Bond, and Zhongqi Convertible Bond, with increases of 25.00%, 3.17%, 2.83%, 2.82%, and 2.82% respectively [1] - Conversely, the biggest losers in the market are Puli Convertible Bond, Hongqiang Convertible Bond, Shangsheng Convertible Bond, Fuchun Convertible Bond, and Hangyu Convertible Bond, with declines of 2.38%, 1.34%, 0.78%, 0.62%, and 0.61% respectively [1]

富春转债，沪工转债，山石转债，富淼转债，芯海转债：不下修 首华转债：董事会提议下修 中环环保：股东拟减持不超过3.55%股份 *ST普利：公司重大违法退市，退市整理期2025年4月28日至2025年5月21日 预计最后交易日期为2025年5月21日，入退市整理期的首个交易日不实行价格涨跌幅限制，此后每个交易日的涨跌幅限制为 20% *ST天创：申请撤销退市风险警示，审计报告无法表示意见涉及事项影响已消除 | 转债代码 转债名称 | 现价 | 赎回价 | 最后交易日 | 最后转股日 | 转股价值 | 剩余规模 | 转债占正股 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | (税前) | | | | (亿元) | 流通市值比 | | 123099 普利转债 | 93.549 | | 2025-05-21 | 2025-05-21 | 83.00 | 2.023 | 18.14% | 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。 南方顺丰物流REIT【18030 ...

Core Viewpoint - The article discusses recent corporate actions including bond adjustments, shareholder reductions, and delisting risks, highlighting potential investment implications in the market [1]. Group 1: Corporate Actions - Shihua Convertible Bond: The board proposed a down adjustment [1]. - Zhonghuan Environmental Protection: Shareholders plan to reduce their holdings by no more than 3.55% [1]. - *ST Puli: The company faces major legal violations leading to delisting, with the delisting transition period set from April 28, 2025, to May 21, 2025. The first trading day of the transition period will not have price fluctuation limits, while subsequent days will have a 20% limit [1]. - *ST Tianchuang: The company applied to revoke the delisting risk warning, stating that the issues affecting the audit report have been resolved [1]. Group 2: Bond Information - Fuchun Convertible Bond, Huguang Convertible Bond, Shanshi Convertible Bond, Fumiao Convertible Bond, and Xinhai Convertible Bond: No down adjustment [1]. - Southern SF Logistics REIT (180305): Scheduled to be listed on April 21 [1].