Group 1 - The company, Haibo Heavy Engineering Science and Technology Co., Ltd, issued convertible bonds totaling RMB 245 million, with each bond having a face value of RMB 100 [4][13]. - The bonds were approved by the company's board and shareholders in 2018 and 2019, with the final issuance occurring on December 2, 2020 [2][3]. - The bonds have a maturity period of six years, from December 2, 2020, to December 1, 2026, with an annual interest rate that increases from 0.5% in the first year to 1.8% in the fifth year [5][10]. Group 2 - The initial conversion price for the bonds is set at RMB 20.91 per share, which is based on the average stock price over the twenty trading days prior to the announcement [6][7]. - The conversion period for the bonds starts six months after issuance, from June 8, 2021, to December 1, 2026 [6][10]. - The company has provisions for adjusting the conversion price in case of stock dividends, capital increases, or other corporate actions [7][8]. Group 3 - The funds raised from the bond issuance are intended for a large bridge steel structure engineering project, with a total investment of RMB 464.11 million [13]. - The company has a credit rating of A+ for both the issuer and the bonds, as assessed by Zhongceng Pengyuan Credit Rating Co., Ltd [13][14]. - The company reported a net profit attributable to shareholders of RMB 604.76 million for 2024, reflecting a significant increase of 280.37% compared to the previous year [15][16].

Core Viewpoint - The company has announced its 2024 annual profit distribution plan, which includes a cash dividend of 1.00 yuan per 10 shares for all shareholders, totaling approximately 19.79 million yuan, excluding shares held in the repurchase account [1][2][3]. Profit Distribution Plan - The total share capital for the profit distribution is calculated as 197,878,527 shares after excluding 2,522,200 shares held in the repurchase account [1][2]. - The cash dividend per share is calculated as 0.999955 yuan, with specific tax implications for different types of shareholders [4][5]. - The record date for the profit distribution is set for May 19, 2025, and the ex-dividend date is May 20, 2025 [5]. Shareholder Rights - Shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, by the record date will be eligible for the profit distribution [5][6]. - The company emphasizes that the cash dividend total remains fixed, and any changes in total share capital due to new shares or convertible bonds will adjust the distribution ratio accordingly [2][3].

Core Viewpoint - The announcement provides an update on the conversion of the company's convertible bonds and the changes in its total share capital as of March 31, 2025, highlighting the current conversion price and the remaining amount of convertible bonds. Group 1: Convertible Bond Issuance - The company issued 2.45 million convertible bonds at a face value of 100 yuan each, totaling 245 million yuan, approved by the China Securities Regulatory Commission on December 2, 2020 [1]. - The bonds were listed on the Shenzhen Stock Exchange on December 22, 2020, under the name "Hai Bo Convertible Bonds" with the code "123080" [2]. Group 2: Conversion Price Adjustments - The conversion price has been adjusted multiple times, with the latest adjustment setting it at 11.48 yuan per share as of December 1, 2024 [1]. - Previous adjustments included a price of 11.58 yuan per share effective June 1, 2021, 11.53 yuan per share effective June 2, 2022, and 11.50 yuan per share effective May 30, 2023 [2]. Group 3: Share Capital Changes - As of March 31, 2025, there are 1,487,380 convertible bonds remaining, with a total remaining amount of 148 million yuan [3]. - The total share capital increased from 200,399,421 shares to 200,400,727 shares, with a minor increase of 1,306 shares due to the conversion of bonds [3]. - The proportion of restricted shares remains at 38.12%, while the proportion of unrestricted shares is 61.88% [3].