【导读】300922，筹划重大资产重组 泰福泵业在公告中表示，本次交易预计构成重大资产重组。本次交易不涉及发行股份，不会导致上市公 司控股股东和实际控制人发生变更。 公告显示，本次重大资产重组实施完毕后，交易对方或与其存在关联关系的第三方，拟通过法律允许的 方式合法增持泰福泵业股份。 此外，本次交易完成后，不排除南洋华诚作为上市公司重要子公司，其核心管理人员将出任上市公司董 事或高级管理人员的可能。出于谨慎考虑，上市公司将本次交易认定为关联交易。本次筹划事项公司股 票不停牌。 公告显示，2025年7月9日，泰福泵业与南洋华诚股东邵雨田、冯江平和林富斌签署了《关于浙江南洋华 诚科技股份有限公司股权收购的意向协议》，拟以现金方式收购南洋华诚不低于51%的股份并取得南洋 华诚控股权，具体收购比例以正式协议约定为准。 交易完成后，南洋华诚将成为泰福泵业的控股子公司，纳入上市公司合并报表。 三季度可转债变动 同日，泰福泵业发布《关于2025年第三季度可转换公司债券转股情况的公告》称，"泰福转债"（债券代 码：123160）于2023年4月11日起可转换为上市公司股票，转股期至2028年9月27日，最新的转股价格为 19 ...

Core Viewpoint - The company is planning a significant asset restructuring by acquiring at least 51% of Zhejiang Nanyang Huacheng Technology Co., Ltd. in cash, which will result in Nanyang Huacheng becoming a subsidiary of the listed company [2][3]. Group 1: Asset Restructuring - The transaction is expected to constitute a major asset restructuring and will not involve issuing shares, thus not changing the controlling shareholder or actual controller of the listed company [5]. - After the completion of the transaction, Nanyang Huacheng will become a controlled subsidiary of Taifu Pump Industry and will be included in the consolidated financial statements of the listed company [6]. Group 2: Related Transactions - The company has recognized this transaction as a related party transaction due to the potential involvement of the core management personnel of Nanyang Huacheng in the listed company's board or senior management positions post-acquisition [5]. Group 3: Convertible Bonds - On the same day, the company announced the conversion status of its convertible bonds, with 31,601 bonds converted into approximately 159,799 shares of Taifu Pump Industry during the third quarter of 2025 [8]. - As of the end of the third quarter of 2025, the company had 2,316,694,000 yuan remaining in convertible bonds [9].

Core Viewpoint - The China Convertible Bond Index experienced a decline of 0.17% on August 20, closing at 479.59 points, indicating a mixed performance in the convertible bond market [1] Group 1: Market Performance - The top five declining convertible bonds were Xinzhiyuan Convertible Bond, Mingdian Convertible Bond, Zhongqi Convertible Bond, Huahong Convertible Bond, and Taifu Convertible Bond, with declines of 6.75%, 5.01%, 4.91%, 4.74%, and 4.54% respectively [1] - Conversely, the top five gaining convertible bonds were Dongshi Convertible Bond, Songyuan Convertible Bond, Jinlun Convertible Bond, Jincopper Convertible Bond, and Tianjian Convertible Bond, with increases of 20.00%, 13.32%, 11.57%, 8.71%, and 6.13% respectively [1]

Group 1 - The article discusses the recent birth subsidy policy introduced by the government, highlighting that the amount of 300 yuan per month is considered insufficient by some individuals [1] - It mentions specific convertible bonds: Puna Convertible Bond is subject to strong redemption, Blue Fan Convertible Bond's board proposed a down adjustment, and Tai Fu Convertible Bond is not subject to strong redemption [1] - The article notes the listing of Zhongyin Zhongwai Warehouse Logistics REIT (508090) and the new stock subscription for Youli Intelligent on the Beijing Stock Exchange [1]

Core Viewpoint - Zhejiang Taifu Pump Industry Co., Ltd. is likely to trigger the conditional redemption clause of its convertible bonds due to its stock price performance, which has been above 130% of the conversion price for 10 trading days [1][6]. Group 1: Convertible Bond Issuance - The company issued 3,348,900 convertible bonds with a total value of RMB 334.89 million on September 28, 2022 [2]. - The initial conversion price was set at RMB 23.40 per share [2]. - The bonds were listed on the Shenzhen Stock Exchange on October 25, 2022, under the name "Taifu Convertible Bonds" with the code "123160" [2]. Group 2: Conversion Price Adjustments - The conversion price was adjusted downwards to RMB 19.89 per share following board resolutions in 2023 [3]. - After the annual profit distribution on June 9, 2023, the conversion price was further adjusted to RMB 19.82 per share [3]. - The conversion price was adjusted to RMB 19.84 per share after the cancellation of 688,000 restricted stocks on June 13, 2025 [4]. - As of the announcement date, the current conversion price stands at RMB 19.77 per share [5]. Group 3: Conditional Redemption Clause - The company has the right to redeem all or part of the unconverted bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days [5][6]. - The company will convene a board meeting to decide on the redemption if the conditions are met [6].

Core Viewpoint - The company has announced adjustments to the conversion price of its convertible bonds, reflecting changes in shareholder equity and profit distribution plans [1][2][4]. Group 1: Convertible Bond Issuance - The company issued 3,348,900 convertible bonds with a total value of RMB 334.89 million on September 28, 2022, with a face value of RMB 100 each [1]. - The bonds began trading on the Shenzhen Stock Exchange on October 25, 2022, under the name "泰福转债" and code "123160" [1]. Group 2: Conversion Price Adjustment Mechanism - The conversion price will be adjusted based on various corporate actions such as stock dividends, capital increases, and cash dividends, using specified formulas [1][2]. - The adjusted conversion price will be announced on the Shenzhen Stock Exchange and other media, ensuring transparency for bondholders [2]. Group 3: Historical Adjustments - The conversion price was adjusted downwards to RMB 19.89 per share following board resolutions and was further adjusted to RMB 19.82 per share after the 2022 annual profit distribution [2][3]. - A subsequent adjustment occurred, raising the conversion price to RMB 19.84 per share after the repurchase and cancellation of restricted stock [4]. Group 4: Upcoming Adjustments - For the 2024 profit distribution plan, the company will distribute a cash dividend of RMB 0.75 per 10 shares, with adjustments made to maintain the distribution ratio if the total share capital changes [4][5]. - The conversion price will be further adjusted to RMB 19.77 per share effective from June 27, 2025, following the cash dividend distribution [5].