登录新浪财经APP 搜索【信披】查看更多考评等级 债券代码：113648 债券简称：巨星转债 乐山巨星农牧股份有限公司 ■ 关于持股5%以上股东权益变动触及1%刻度的 一、信息披露义务人及其一致行动人的基本信息 提示性公告 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 证券代码：603477 证券简称：巨星农牧 公告编号：2026-013 投资者及其一致行动人贺正刚先生保证向本公司提供的信息真实、准确、完整，没有虚假记载、误导性 陈述或重大遗漏。 重要内容提示： 2.信息披露义务人信息 ■ 3.一致行动人信息 ■ 二、权益变动触及1%刻度的基本情况 2025年10月18日，公司披露了和邦集团股份减持计划的相关公告，公告中和邦集团计划在2025年11月10 日至2026年2月9日期间通过集中竞价交易方式和大宗交易方式合计减持贵司股份数量不超过10,201,406 股（不超过公司股份总数的2%）。 2025年11月17日，公司收到和邦集团出具的《股份权益变动比例触及1%暨股份减持数量过半的告知 函》，和邦集团股份减持数量5,100,700股,减持数量过半；和邦集团持股比例由14.34%变为1 ...

Core Viewpoint - The announcement details the pledge and release of shares by the controlling shareholder, Sichuan Juxing Group, which holds a significant portion of the company's shares, indicating a stable financial situation and no immediate risks to the company's operations or governance [2][6]. Share Pledge Situation - Sichuan Juxing Group holds 152,289,646 shares, representing 29.86% of the total share capital, with 97,371,000 shares pledged, accounting for 63.94% of their holdings [2]. - The pledged shares are not used as collateral for major asset restructuring or performance compensation [2]. Share Release Situation - There are no plans for subsequent pledges following the release of shares, and the company will fulfill its disclosure obligations if there are any changes [3]. Pledge Details - Within the next six months, 1.721 million shares are set to mature, making up 1.13% of Juxing Group's holdings and 0.34% of the total share capital, with a financing balance of 30 million yuan [5]. - For the next year, excluding the six-month period, 39.95 million shares will mature, representing 26.23% of Juxing Group's holdings and 7.83% of the total share capital, with a financing balance of 330 million yuan [5]. Financial Health and Risk Management - Juxing Group and its associates have a good credit status and repayment capability, with risk control measures in place, primarily relying on operating income, investment returns, and stock dividends [5]. - There are currently no risks of forced liquidation, and if such risks arise, Juxing Group will take measures such as additional pledges or early repayments [5]. Impact on the Company - The share pledge will not affect the company's main business, financing costs, or operational capabilities [6]. - The governance structure remains stable, with no impact on control rights or management due to the pledge [6]. - The pledge does not serve as collateral for major asset restructuring or performance compensation [6].

Group 1 - The article discusses the valuation of silver and highlights the importance of understanding fund holdings, indicating that there may have been missed investment opportunities worth billions [2][3] - It mentions the acquisition of a controlling stake in Jiamei Packaging by Zhuyue Hongzhi for approximately 2.282 billion yuan, with plans to acquire 25% of the company’s shares through a combination of agreement transfer and partial tender offer [3] - The article provides details on various convertible bonds, including their current prices, redemption prices, last trading dates, and conversion values, indicating a focus on the performance and market dynamics of these financial instruments [6][8] Group 2 - The article emphasizes the need for better classification of investment products, suggesting that categorizing gold, silver, and other commodities under A-share commodity funds may be more appropriate [3] - It lists several convertible bonds that are not subject to price adjustments, indicating stability in their pricing and potential investment attractiveness [3][6] - The article also includes a brief overview of the Jiamei Packaging acquisition, noting the significant shareholding commitments from major shareholders, which could impact the company's future governance and strategic direction [3]

Meeting Details - The fifth meeting of the board of directors of Leshan Juxing Agricultural and Animal Husbandry Co., Ltd. was held on December 15, 2025, via telecommunication, with all nine directors present [2] Resolution Summary - The board approved the proposal not to adjust the conversion price of the "Juxing Convertible Bonds" downwards, despite triggering conditions being met due to stock prices being below 80% of the conversion price for at least 15 trading days [3][30] - The decision was made based on confidence in the company's future development and intrinsic value, with a follow-up review planned if conditions are triggered again after January 16, 2026 [3][38] Bond Information - The "Juxing Convertible Bonds" were issued with a total face value of 1 billion yuan, with a conversion price initially set at 25.24 yuan per share, later adjusted to 25.04 yuan per share [33][35] - The bonds are convertible from October 31, 2022, to April 24, 2028, with a tiered interest rate structure over six years [33][34] Guarantee Information - The company provided guarantees totaling 600 million yuan for its subsidiaries, with specific amounts allocated to various banks for operational loans [9][10] - As of November 30, 2025, the total amount of guarantees provided by the company and its subsidiaries was 2.33 billion yuan, representing 70.87% of the company's latest audited net assets [19] Share Pledge Information - The controlling shareholder, Sichuan Juxing Enterprise Group Co., Ltd., pledged 113.37 million shares, accounting for 74.44% of its holdings [22][23] - The pledged shares do not serve as collateral for major asset restructuring or other guarantees [24]

Core Viewpoint - The article discusses recent announcements regarding convertible bonds, highlighting adjustments and redemption statuses for various bonds, which may impact investment strategies in the convertible bond market [1][2][3]. Group 1: Convertible Bond Announcements - 蓝帆转债 (Blue Fan Convertible Bond) has announced a downward adjustment of less than 0.5 yuan [1][3]. - 华医转债 (Hua Yi Convertible Bond) will not be forcibly redeemed [1][3]. - 巨星转债 (Giant Star Convertible Bond) will not undergo any downward adjustment [2][3]. Group 2: Key Data on Convertible Bonds - 中能转债 (Zhong Neng Convertible Bond) has a current price of 168.200 yuan, with a strong redemption price of 100.010 yuan, and a remaining scale of 0.025 billion yuan [5]. - 立中转债 (Li Zhong Convertible Bond) is priced at 118.260 yuan, with a strong redemption price of 100.390 yuan, and a remaining scale of 0.205 billion yuan [5]. - Z豫光转 (Z Yu Guang Convertible Bond) is currently at 181.919 yuan, with a strong redemption price of 100.106 yuan, and a remaining scale of 0.208 billion yuan [5]. - 中旗转债 (Zhong Qi Convertible Bond) has a current price of 303.000 yuan, with a strong redemption price of 100.805 yuan, and a remaining scale of 0.527 billion yuan [5]. - 楚天转债 (Chu Tian Convertible Bond) is priced at 112.797 yuan, with a strong redemption price of 100.450 yuan, and a remaining scale of 1.671 billion yuan [5].

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 [2][9]. Group 1: Convertible Bond Basic Information - The company issued convertible bonds totaling 1 billion yuan (100 million shares) on April 25, 2022, with a face value of 100 yuan per bond and a maturity of 6 years [3]. - The bonds were listed on the Shanghai Stock Exchange on May 17, 2022, under the name "Juxing Convertible Bonds" and code "113648" [4]. Group 2: Conversion Price Adjustment - The initial conversion price was set at 25.24 yuan per share, which was adjusted to 25.21 yuan on August 8, 2023, following a profit distribution plan [5]. - A further adjustment occurred on June 17, 2025, lowering the conversion price to 25.04 yuan [6]. Group 3: Triggering of Downward Adjustment Clause - As of November 24, 2025, the company's stock price had been below 80% of the current conversion price for at least 15 out of the last 30 trading days, triggering the downward adjustment clause [2][8]. Group 4: Decision on Downward Adjustment - The company's board of directors held a meeting on November 24, 2025, and decided not to adjust the conversion price, citing confidence in the company's future and intrinsic value [9][12]. - The period for the next potential triggering of the conversion price adjustment will restart from the day after the board meeting [9][14].

Summary of Key Points Core Viewpoint - The article discusses recent developments in the convertible bond market, including announcements of bond redemption and shareholder actions regarding stock holdings. Group 1: Shareholder Actions - Zhonghuan Environmental Protection plans to reduce its shareholding by no more than 2.37% of the company's total shares [1] - Lege Co., Ltd. intends to increase its holdings by 40 million to 80 million yuan [1] Group 2: Convertible Bond Announcements - Zhongneng Convertible Bond is subject to strong redemption [1] - Jianfan Convertible Bond and Juxing Convertible Bond will not undergo adjustments [1][2] Group 3: Convertible Bond Data - 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, Zhongjin Convertible Bond has a current price of 125.474, a redemption price of 100.700, and a conversion value of 125.64 [4]

Core Viewpoint - The company, Juxing Agriculture and Animal Husbandry, announced that its stock price has triggered a downward adjustment clause for its convertible bonds due to the closing price being below 80% of the conversion price for at least 15 out of the last 30 trading days [2] Summary by Relevant Sections - **Convertible Bond Adjustment** - As of November 24, 2025, the company has experienced a situation where the stock price has been below the conversion price threshold, triggering the downward adjustment clause for the "Juxing Convertible Bonds" [2] - The company's board of directors has decided not to adjust the conversion price downward at this time [2] - **Future Considerations** - The period for the next potential trigger for the conversion price adjustment will restart from the day after the board meeting [2] - If the conditions for a downward adjustment are met again, the board will convene to consider whether to exercise the adjustment rights [2]

Core Viewpoint - The company, Leshan Juxing Agricultural and Animal Husbandry Co., Ltd., has announced that its convertible bond, "Juxing Convertible Bond," is expected to meet the conditions for a downward adjustment of the conversion price due to its stock price being below 80% of the current conversion price for a specified period [2][10]. Group 1: Convertible Bond Basic Information - The company issued a total of 1 billion yuan (100 million shares) of convertible bonds on April 25, 2022, with a face value of 100 yuan per bond and a maturity of six years [3]. - The bonds were listed on the Shanghai Stock Exchange on May 17, 2022, under the name "Juxing Convertible Bond" and code "113648" [4]. Group 2: Conversion Price Adjustment - The initial conversion price was set at 25.24 yuan per share, which was adjusted to 25.21 yuan on August 8, 2023, following a shareholder meeting [5]. - A further adjustment to the conversion price was made on June 17, 2025, reducing it to 25.04 yuan per share [6]. Group 3: Trigger Conditions for Price Adjustment - The company’s stock price has been below 80% of the adjusted conversion price (20.032 yuan) for ten trading days as of November 17, 2025. If this trend continues, it may trigger a downward adjustment of the conversion price [2][10]. - The adjustment condition requires that in any 30 consecutive trading days, the stock price must be below the conversion price for at least 15 trading days [8]. Group 4: Shareholder Equity Change - The major shareholder, Sichuan Hebang Investment Group Co., Ltd., reduced its holdings from 14.34% to 13.34% by selling 5,100,700 shares, which is more than half of the planned reduction [14][15]. - The reduction was part of a previously disclosed plan to sell up to 10,201,406 shares between November 10, 2025, and February 9, 2026 [14].

Core Viewpoint - The company announced that its stock price has fallen below 80% of the conversion price, which may trigger a downward adjustment of the conversion price for its bonds [2] Group 1 - As of November 17, 2025, the company's stock price has closed below 20.032 CNY per share for ten consecutive trading days, which is 80% of the conversion price of 25.04 CNY per share [2] - If the stock price remains below 80% of the conversion price for at least 15 out of 30 consecutive trading days, it will trigger the downward adjustment clause for the "Giant Star Convertible Bonds" [2] - Upon triggering the condition, the company will convene a board meeting on the same day to decide whether to adjust the conversion price and will fulfill its information disclosure obligations promptly [2]