Core Viewpoint - The company has successfully completed the issuance of its second phase of bonds, indicating a strategic move to optimize its debt structure and reduce financing costs [1] Group 1: Bond Issuance Details - The second phase of bonds has a total issuance size of RMB 200 million [1] - The bonds have a maturity period of five years with a coupon rate of 3.18% [1] - The company will have the option to adjust the coupon rate at the end of the third year, while bondholders will have the right to sell back the bonds [1] Group 2: Financial Strategy - The company aims to cover short-term debts with long-term bonds, which is part of its strategy to lower financing costs [1] - The focus is on replacing high-cost funds with low-cost financing to optimize the overall debt structure [1]

Core Viewpoint - The company has successfully completed the issuance of its second phase of bonds, indicating a strategic move to optimize its debt structure and reduce financing costs [1] Group 1: Bond Issuance Details - The second phase of bonds has a total issuance size of RMB 200 million [1] - The bonds have a maturity period of five years with a coupon rate of 3.18% [1] - The company will have the option to adjust the coupon rate at the end of the third year, while bondholders will have the right to sell back the bonds [1] Group 2: Financial Strategy - The company aims to cover short-term debts with long-term bonds, which is part of its strategy to replace high-cost funds with low-cost financing [1] - This approach is expected to lower overall financing costs and optimize the company's debt structure [1]