凌钢转债：下修到底 鼎龙转债：4月23日上市 | 搜 | | --- | | 索 | | 公 | | 众 | | 号 | | "jisilu8" | | 添 | | 加 | | 我 | | 们 | | 转债代码 | 转债名称 | 现价 | 强赎价 | 最后交易日 | 最后转股日 | 转股价值 | 剩余规模 | 转债占止股 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | (亿元) | 流通市值比 | | 113582 | 火炬转债 | 150.743 | 101.632 | 2025-04-17 | 2025-04-22 | 151.95 | 0.056 | 0.03% | | 123228 | 震裕转债 | 220.700 | 100.200 | 2025-04-17 | 2025-04-22 | 223.69 | 0.015 | 0.01% | | 127051 | 博杰转债 | 106.150 | 100.700 | 2025-04-24 | 2025-04-24 | 106.41 | 0.091 | 0. ...

万顺转2：董事会提议下修 海优转债：下修不到底 | 转债代码 | 转债名称 | 现价 | 强赎价 最后交易日 | 最后转股日 | 转股价值 | 剩余规模 | 转债占正股 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | (亿元) | 流通市值比 | | 113582 | 火炬转债 | 150.743 | 101.632 2025-04-17 | 2025-04-22 | 151.95 | 0.060 | 0.03% | | 123228 | 震裕转债 | 220.700 | 100.200 2025-04-17 | 2025-04-22 | 223.69 | 0.030 | 0.02% | | 127051 | Z杰转债 | 106.150 | 100.700 2025-04-21 | 2025-04-24 | 107.12 | 0.714 | 2.41% | | 118046 | Z诺泰转 | 115.903 | 100.144 2025-04-21 | 2025-04-24 | 116.58 | 0.155 | 0.14% ...

富春转债，沪工转债，山石转债，富淼转债，芯海转债：不下修 首华转债：董事会提议下修 中环环保：股东拟减持不超过3.55%股份 *ST普利：公司重大违法退市，退市整理期2025年4月28日至2025年5月21日 预计最后交易日期为2025年5月21日，入退市整理期的首个交易日不实行价格涨跌幅限制，此后每个交易日的涨跌幅限制为 20% *ST天创：申请撤销退市风险警示，审计报告无法表示意见涉及事项影响已消除 | 转债代码 转债名称 | 现价 | 赎回价 | 最后交易日 | 最后转股日 | 转股价值 | 剩余规模 | 转债占正股 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | (税前) | | | | (亿元) | 流通市值比 | | 123099 普利转债 | 93.549 | | 2025-05-21 | 2025-05-21 | 83.00 | 2.023 | 18.14% | 关注集思录微信 特别提示 本文不构成任何投资建议，仅为信息分享。任何因本文导致的投资行为发生的亏损，本公众号及作者概不承担任何责任。 南方顺丰物流REIT【18030 ...

Core Viewpoint - The last trading days for Zhenyu Convertible Bond and Torch Convertible Bond are April 17, with significant potential losses for investors who do not act in time [1][2][3]. Group 1: Zhenyu and Torch Convertible Bonds - Zhenyu Convertible Bond closed at 228.00 CNY per share, while Torch Convertible Bond closed at 154.796 CNY per share as of April 16 [3]. - Investors failing to act may incur losses exceeding 56% for Zhenyu and 34% for Torch Convertible Bonds [3]. - The last trading day for Zhenyu Convertible Bond is April 17, and the last conversion day is April 22, after which unconverted bonds will be frozen and cease trading [2][3]. Group 2: Other Convertible Bonds - Other convertible bonds, including Bojie Convertible Bond and Daon Convertible Bond, are approaching their last trading days on April 21 and May 7, respectively [4]. - Bojie Convertible Bond will be forcibly redeemed at 100.70 CNY per share if not converted by April 24 [4]. - Daon Convertible Bond will be forcibly redeemed at 101.73 CNY per share if not converted by May 12 [4][5]. Group 3: Investor Actions and Regulations - Investors are advised to sell or convert their bonds within the specified time to avoid forced redemption at slightly above par value [6]. - New regulations require a "Z" identifier to be added to the securities name on the last trading day, alerting investors to act promptly [7].

Group 1 - The article highlights the imminent redemption risk associated with convertible bonds, specifically mentioning Zhenyu Convertible Bond and Torch Convertible Bond, which could lead to potential losses of nearly 60% for investors who do not act in time [1][2] - Zhenyu Technology has triggered the conditional redemption clause for its convertible bonds due to its stock price exceeding 130% of the conversion price for 15 trading days from March 11 to March 31 [2][3] - The redemption price for Zhenyu Convertible Bond is set at 100.20 CNY per bond, and it will be delisted from the Shenzhen Stock Exchange after the redemption [2][3] Group 2 - As of April 14, the price of Zhenyu Convertible Bond was 239.80 CNY per bond, indicating a potential loss of 58.22% for investors who fail to act before the last trading day on April 17 [3] - The Torch Convertible Bond is also facing significant losses, with a current price of 168.477 CNY per bond, leading to a potential loss of 39.68% if investors do not convert or sell in time [3] - The article emphasizes the importance of investors being aware of the redemption terms and acting promptly to mitigate losses [1][2][3] Group 3 - The convertible bond market has shown resilience despite recent volatility influenced by geopolitical factors, with the China Convertible Bond Index experiencing a significant drop but subsequently recovering [4] - Analysts suggest that the convertible bonds exhibit better performance compared to equities, with a favorable Sharpe ratio, indicating a more stable investment option in the current market environment [4] - However, there are concerns regarding the valuation of convertible bonds, which may not be low compared to future periods, and the market's performance is expected to be influenced by equity market trends [4][5]

Summary of Key Points Core Viewpoint - The announcement provides an update on the conversion of the "Torch Convertible Bonds" into the company's A-shares, detailing the amounts converted and the remaining unconverted bonds as of March 31, 2025 [1][2]. Group 1: Conversion Status - As of March 31, 2025, a total of 268,900,000 yuan of "Torch Convertible Bonds" has been converted into 10,821,085 shares, representing 2.39% of the company's total shares before conversion [1]. - During the first quarter of 2025, from January 1 to March 31, 86,087,000 yuan of "Torch Convertible Bonds" was converted into 3,603,206 shares [2]. - The remaining unconverted bonds amount to 331,100,000 yuan, which constitutes 55.18% of the total issued convertible bonds [1][2]. Group 2: Bond Issuance Overview - The company issued 600,000 convertible bonds with a face value of 100 yuan each, totaling 60 million yuan, which began trading on June 23, 2020 [1]. - The initial conversion price was set at 25.33 yuan per share, which has been adjusted to the latest conversion price of 23.89 yuan per share [1]. Group 3: Share Capital Changes - The total number of shares before the conversion was 458,342,279, which increased to 461,945,485 after the conversion [2]. - The number of unrestricted circulating shares increased from 458,342,279 to 461,945,485 due to the conversion of the bonds [2].

Core Viewpoint - Yulong Co., Ltd. has proposed to voluntarily delist from the A-share market, raising questions about the company's underlying quality and future developments [1]. Group 1 - Yulong Co., Ltd. intends to delist through a resolution at the shareholders' meeting, indicating potential issues within the company [1]. - The article expresses skepticism regarding the company's quality, suggesting that it may not be a wise investment choice [1].