Group 1 - The report indicates that the convertible bond market experienced significant fluctuations in August, with the convertible bond index showing an upward trend but facing adjustments towards the end of the month due to various factors including the weakening of the banking sector and an increase in strong redemption of convertible bonds [3][6][7] - The strategy for September suggests a cautious approach towards convertible bonds, with expectations for lower returns due to the "dumbbell" style weakening and the potential for short-term adjustments in the market [3][33] - The report highlights the validation of the "potential yield" indicator system, which indicated a significant risk of short-term adjustments in the convertible bond market as the implied three-month yield fell below -5% [3][19][22] Group 2 - The report outlines a revised monthly strategy composition for September, which includes three components: short-term high-odds selection, low-price enhancement strategy, and active selection, reflecting the current market environment [3][35] - Specific convertible bonds are recommended for attention in September, including the high-odds selection of Pudong Development Bank Convertible Bond, and low-price enhancement strategies focusing on Jia Yuan, Jingke, Southeast, and Fangyuan Convertible Bonds [3][36][37] - The active selection strategy emphasizes avoiding bonds with a high likelihood of strong redemption while maintaining a focus on sectors with growth potential [3][38]

Group 1 - The actual controller of Huakang Clean, Mr. Tan Pingtao, is under investigation and has been placed under detention by the Guangdong Provincial Supervisory Committee [1] - The company received a notification regarding the investigation and detention of its chairman, which may impact its operations and investor confidence [1] Group 2 - Limin Convertible Bond and Xinhua Convertible Bond will not be forcibly redeemed [2][3] - Zhengfan Technology plans to acquire 62.23% of Hanjing Semiconductor for 1.12 billion [2] - Jialitu's controlling shareholder intends to reduce its stake by no more than 1% [2] - Yongji Co., Ltd. is planning to acquire control of Tena Fei Electronics Technology and will be suspended from trading starting August 14 [2] - Zhigao Machinery has listed new shares on the Beijing Stock Exchange [2] Group 3 - A detailed table of various convertible bonds is provided, including their current prices, redemption prices, last trading dates, conversion values, and remaining scales [5][7]

证券日报网讯 8月13日晚间，新化股份发布公告称，自2025年7月15日至2025年8月13日，公司股票有15 个交易日的收盘价格不低于"新化转债"当期转股价19.81元/股的130%（即25.753元/股），已触发"新化 转债"的有条件赎回条款。公司董事会决定本次暂不行使"新化转债"的提前赎回权利，不提前赎回"新化 转债"。未来三个月内（即2025年8月14日至2025年11月13日），若"新化转债"再次触发赎回条款，公司 均不行使提前赎回权利。以2025年11月13日之后的首个交易日重新计算，若"新化转债"再次触发赎回条 款，公司董事会将再次召开会议决定是否行使"新化转债"的提前赎回权利。 （编辑 任世碧） ...

Summary of Key Points Core Viewpoint - The company, Zhejiang Xinhua Chemical Co., Ltd., has decided not to exercise the early redemption option for its convertible bonds, "Xinhua Convertible Bonds," based on a comprehensive assessment of its long-term development potential and market conditions [5]. Group 1: Convertible Bond Issuance Overview - The company issued 6.5 million convertible bonds with a total value of 650 million yuan, each with a face value of 100 yuan, on November 28, 2022, with a maturity of six years and a tiered interest rate structure [1]. - The initial conversion price was set at 32.41 yuan per share, which has been adjusted to 19.81 yuan per share as of the current date [2]. Group 2: Redemption Terms and Conditions - The redemption clause allows the company to redeem the bonds if the closing price exceeds 130% of the current conversion price for a specified period [3]. - The redemption condition was triggered between July 15, 2025, and August 13, 2025, when the stock price was above 25.753 yuan per share [5]. Group 3: Decision Against Early Redemption - The company's board of directors decided not to redeem the bonds early during a meeting on August 13, 2025, citing confidence in the company's long-term value and market conditions [5]. - The company will not exercise the early redemption right for three months following the decision, and any future redemption will be reassessed after November 13, 2025 [5]. Group 4: Trading Activity of Related Parties - The trading activity of major shareholders and executives in the six months prior to the redemption condition being met showed no significant selling of the convertible bonds, indicating confidence in the investment [6].

股票简称：新化股份 股票代码：603867 债券简称：新化转债 债券代码：113663 一、核准文件及核准规模 经中国证券监督管理委员会《关于核准浙江新化化工股份有限公司公开发行 可转换公司债券的批复》（证监许可[2022]2163号）批准，公司向社会公开发行 可转换公司债券6,500,000张，每张面值人民币100元，募集资金总额为65,000.00 万元，扣除发行费用后募集资金净额为人民币63,925.33万元。上述募集资金已 于2022年12月2日到位，业经天健会计师事务所（特殊普通合伙）验证，并出具 了天健验[2022]660号《验证报告》。 经上海证券交易所同意，公司本次发行的可转债于2022年12月16日起在上 海证券交易所挂牌交易，债券简称"新化转债"，债券代码"113663"。 二、本次债券的主要条款 浙江新化化工股份有限公司 公开发行可转换公司债券 临时受托管理事务报告 债券受托管理人 二零二五年八月 重要声明 （一）发行证券的种类 本报告依据《可转换公司债券管理办法》（以下简称"《管理办法》"）、《浙 江新化化工股份有限公司关于向不特定对象发行可转换公司债券之受托管理协 议》（以下简称"《 ...

证券代码：603867 证券简称：新化股份 公告编号：2025-037 浙江新化化工股份有限公司 关于不提前赎回"新化转债"的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 自 2025 年 7 月 15 日至 2025 年 8 月 13 日，公司股票有 15 个交 易日的收盘价格不低于"新化转债"当期转股价 19.81 元/股的 130%（即 次暂不行使"新化转债"的提前赎回权利，不提前赎回"新化转债"。 ? 未来三个月内（即 2025 年 8 月 14 日至 2025 年 11 月 13 日）， 若"新化转债"再次触发赎回条款，公司均不行使提前赎回权利。以 2025 年 公司董事会将再次召开会议决定是否行使"新化转债"的提前赎回权利。 一、可转债发行上市概况 经中国证券监督管理委员会《关于核准浙江新化化工股份有限公司公开发 行可转换公司债券的批复》（证监许可[2022]2163号）核准，公司于2022年11 月28日公开发行了650.00万张可转换公司债券，每张面值100元，发行总额 最后一期利息 ...

格隆汇8月13日｜新化转债、大元转债涨超5%，永贵转债涨4%，天业转债涨近3%，海泰转债跌超1%。 ...

Group 1 - The company Zhejiang Xinhua Chemical Co., Ltd. issued 6.5 million convertible bonds with a total amount of 650 million yuan, which were listed on December 16, 2022 [2] - The bonds have a maturity period of 6 years with a coupon rate that increases from 0.3% in the first year to 3.0% in the sixth year, and a redemption price of 115 yuan [2] - The initial conversion price was set at 32.41 yuan per share, which has been adjusted multiple times due to corporate actions [3][4] Group 2 - The company has established conditional redemption terms for the convertible bonds, which can be triggered if the stock price meets certain criteria [5] - Specifically, if the stock price remains above 130% of the conversion price for at least 15 out of 30 trading days, or if the remaining unconverted bonds are less than 30 million yuan, the company can redeem the bonds [6] - As of July 15, 2025, the stock price has met the criteria for triggering the redemption clause, with a requirement for the stock price to be at least 25.753 yuan per share in the following trading days [6]

证券代码：603867 证券简称：新化股份 公告编号：2025-036 转债代码：113663 转债简称：新化转债 浙江新化化工股份有限公司 关于"新化转债"预计满足赎回条件的提示性公告 《 新 化 股 份 关 于 调 整 " 新 化 转 债 " 转 股 价 格 的 公 告 》 （ 公 告 编 号 ： 2024- 因公司股价满足募集说明书中规定的转股价格向下修正的条件，公司将 "新化转债"转股价格自2024年9月20日起由31.42元/股调整为20.25 元/股， 具体内容详见公司在上海证券交易所网站（www.sse.com.cn）披露的《新化股 份关于向下修正"新化转债"转股价格暨转股停复牌的公告》（公告编号： 因公司2024年度实施权益分派，转股价格自2025年6月18日由20.25元/股调 整为19.81元/股，详见公司在上海证券交易所网站（www.sse.com.cn）披露的 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、可转债发行上市概况 经中国证券监督管理委员会《关于核准浙江新化化工股份有限公司公开发 行可转 ...

Summary of Key Points Core Viewpoint - Zhejiang Xinhua Chemical Co., Ltd. has reported the conversion results of its convertible bonds, indicating a low conversion rate and a significant amount of unconverted bonds remaining. Group 1: Convertible Bond Conversion Status - As of June 30, 2025, a total of RMB 145,566,000 worth of "Xinhua Convertible Bonds" has been converted into 7,185,989 shares, representing 3.87% of the total shares outstanding before conversion [1][3][4] - The amount of unconverted "Xinhua Convertible Bonds" as of June 30, 2025, is RMB 504,434,000, which accounts for 77.6052% of the total issuance [1][2] Group 2: Convertible Bond Issuance Overview - The company issued 6.5 million convertible bonds on November 28, 2022, with a total value of RMB 65 million and a maturity of 6 years [2] - The initial conversion price was set at RMB 32.41 per share, which has been adjusted to RMB 20.25 per share as of September 20, 2024, due to conditions met for downward price adjustment [2][3] Group 3: Share Capital Changes - The total share capital remains at 192,773,989 shares, with no changes due to the conversion of convertible bonds [4]