Group 1 - The company, Yongxi Electronics, announced the convening of its 23rd meeting of the third board of directors on September 19, 2025, to review the proposal for adjusting the conversion price of "Yongxi Convertible Bonds" [1] - For the fiscal year 2024, the revenue composition of Yongxi Electronics is as follows: integrated circuit packaging and testing accounts for 97.96%, while other businesses account for 2.04% [1] - As of the report date, Yongxi Electronics has a market capitalization of 14 billion yuan [1]

甬矽电子（宁波）股份有限公司发布公告，"甬矽转债"转股价格将调整。调整前为28.39元/股，调整后 为28.36元/股，调整起始日期为2025年（具体日期未明确）。因公司完成2024年限制性股票激励计划首 次授予部分第一个归属期股份登记，使总股本由409,625,930股增至410,483,030股。依据《募集说明书》 规定，此次调整符合相关条款。"甬矽转债"转股期为2026年1月2日至2031年6月25日，目前尚未进入转 股期，投资者需注意投资风险。 ...

证券代码：688362 证券简称：甬矽电子 公告编号：2025-076 债券代码：118057 债券简称：甬矽转债 甬矽电子（宁波）股份有限公司 关于股份回购实施结果暨股份 变动的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： ■ 一、回购审批情况和回购方案内容 2024年10月28日，甬矽电子（宁波）股份有限公司（以下简称"公司"）召开第三届董事会第十次会议， 审议通过了《关于以集中竞价交易方式回购公司股份方案的议案》，同意使用招商银行股份有限公司宁 波分行提供的专项贷款及公司自有资金通过上海证券交易所交易系统以集中竞价交易方式回购公司已发 行的部分人民币普通股（A股）股票。本次回购价格不超过人民币32.44元/股（含），回购股份的总金 额不低于人民币7,000万元（含），不超过人民币9,000万元（含）。本次回购的股份将在未来适宜时机 拟用于员工持股计划及/或股权激励计划，或用于转换上市公司发行的可转换为股票的公司债券。回购 期限为自董事会审议通过本次回购股份方案之日起12个月内。具体内容详见公司 ...

甬矽电子（宁波）股份有限公司公告，"甬矽转债"自2026年1月2日（非交易日顺延）起可转换为公司股 份。公司曾于2025年7月2日向不特定对象发行11.65亿元可转换公司债券，7月16日起在上海证券交易所 上市交易。需注意，该公司为科创板上市公司，参与可转债转股的投资者，应符合科创板股票投资者适 当性管理要求，不符合要求的投资者所持可转债不能转股。投资者要关注此风险及可能造成的影响，可 查阅相关募集说明书了解详情。 ...

Summary of Key Points Core Viewpoint - The convertible bond market, which had shown strong performance earlier in the year, has recently entered a phase of continuous adjustment, with over 90% of convertible bonds experiencing declines in the last seven trading days [1][2]. Market Performance - Since reaching a peak on August 25, the convertible bond market has seen a downturn, with the China Convertible Bond Index entering a correction phase starting August 26, including a significant drop of 2.82% on August 27 [1][2]. - In the last seven trading days, more than 400 convertible bonds have declined, representing over 90% of the total, with nearly 230 bonds falling more than 5% and over 50 bonds dropping more than 10% [2][3]. Specific Bond Performance - Notable convertible bonds such as Tianyuan Convertible Bond have seen a price drop from over 240 yuan to 191.700 yuan, marking a cumulative decline of over 20% [3]. - The Borui Convertible Bond has also faced a decline, dropping from over 320 yuan to 260.457 yuan, with a cumulative decrease of 18.84% [5]. Market Influences - The recent adjustment in the convertible bond market is believed to be influenced by the weak performance of the underlying stocks. The Shanghai Composite Index has shown a slowdown, with a cumulative decline of 1.80% over the past seven trading days [7]. - The average decline of the underlying stocks corresponding to convertible bonds that fell over 10% is more than 10%, indicating a significant underperformance compared to the broader market [7][8]. Future Outlook - According to research from Guojin Securities, the overall probability of continued upward movement in the equity market remains high, but there is a short-term impulse for profit-taking in convertible bonds. The market is expected to experience increased trading activity and volatility [10][11].

Company Overview - Yongxi Electronics Co., Ltd. was established in November 2017 and listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board in November 2022, with stock code 688362 [2] - The company specializes in integrated circuit packaging and testing solutions, focusing on mid-to-high-end packaging and advanced packaging technologies [2] - The first phase of the factory covers an area of approximately 126 acres with a total investment of about 4.5 billion yuan, producing various mid-to-high-end advanced packaging products [2] - The second phase will cover 500 acres with a total investment of 11.1 billion yuan, focusing on advanced wafer-level packaging technologies [2] Financial Performance - For the first half of 2025, Yongxi Electronics achieved operating revenue of 2.0103 billion yuan, a year-on-year increase of 23.37% [2] - The net profit attributable to shareholders was 30.3191 million yuan, representing a year-on-year increase of 150.45% [2] - The non-recurring net profit was -43.2 million yuan, showing a year-on-year decline of 177.14% [2] Shareholder Structure - As of June 2025, the concentration of shares is relatively high, with the top ten shareholders holding a combined 52.69% of shares [2] - The top ten circulating shareholders account for 35.19% of shares [2] - The number of shareholders is approximately 16,750, with an average circulating shareholding of 16,700 shares and an average holding amount of 497,300 yuan [2] Convertible Bond Details - On August 29, the Yongxi convertible bond fell by 2.0% to 172.068 yuan per bond, with a trading volume of 123 million yuan and a conversion premium of 33.01% [1] - The bond has a credit rating of "A+" and a maturity of 6 years, with a coupon rate starting at 0.20% in the first year and increasing to 2.50% in the sixth year [1] - The conversion price is set at 28.39 yuan, with the conversion period starting on January 2, 2026 [1]

Group 1 - The core viewpoint of the news is the performance and characteristics of the convertible bonds issued by Yongxi Electronics, highlighting their market activity and financial metrics [1][2] - Yongxi Electronics' convertible bonds, known as "Yongxi Convertible Bonds," saw a price increase of 2.26% to 181.802 yuan per bond, with a trading volume of 124 million yuan and a conversion premium rate of 43.44% [1] - The credit rating of Yongxi Convertible Bonds is "A+", with a maturity of 6 years and a structured interest rate that increases over the years, starting from 0.20% in the first year to 2.50% in the sixth year [1] Group 2 - Yongxi Electronics, established in November 2017, focuses on integrated circuit packaging and testing solutions, with a strong emphasis on mid-to-high-end packaging technologies [2] - The company was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board in November 2022, with the stock code 688362 [2] - For the first quarter of 2025, Yongxi Electronics reported a revenue of 945.5 million yuan, a year-on-year increase of 30.12%, and a net profit attributable to shareholders of 24.6 million yuan, up 169.4% year-on-year [2] - The company has a concentrated shareholder structure, with the top ten shareholders holding a combined 52.91% of shares, and the average holding amount per shareholder is 503,300 yuan [2]

Group 1 - The company, Yongxi Electronics (Ningbo) Co., Ltd., has issued convertible bonds amounting to 1,165 million RMB, with a maturity of 6 years and a face value of 100 RMB per bond [2][3] - The convertible bonds, named "Yongxi Convertible Bonds," were approved for listing on the Shanghai Stock Exchange starting from July 16, 2025 [3] - The conversion period for the bonds will begin on January 2, 2026, and will last until the maturity date of June 25, 2031 [4] Group 2 - Investors holding the convertible bonds must meet the suitability requirements for investors in the Sci-Tech Innovation Board; otherwise, they will not be able to convert their bonds into shares [5] - The company emphasizes the risk that investors who do not meet the suitability criteria may face, which could prevent them from converting their bonds into company stock [5]

债券代码：118057 债券简称：甬矽转债 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、准确性和完整性依法承担法律责任。 重要内容提示： ? 根据相关法律法规规定及《甬矽电子（宁波）股份有限公司向不特定 对象发行可转换公司债券募集说明书》（以下简称"《募集说明书》"）的约 定，甬矽电子（宁波）股份有限公司（以下简称"公司"）本次发行的"甬矽 转债"自2026年1月2日起可转换为公司股份。 ? 公司现就本次向不特定对象发行可转换公司债券，对不符合上海证券 交易所科创板股票投资者适当性要求的投资者所持"甬矽转债"不能转股的风 险，提示如下： 一、可转换公司债券发行上市概况 （一）可转债发行情况 经中国证券监督管理委员会《关于同意甬矽电子（宁波）股份有限公司向 不特定对象发行可转换公司债券注册的批复》（证监许可〔2025〕1042号）同 意，公司向不特定对象发行116,500.00万元的可转换公司债券，期限6年，每张 面值为人民币100元，发行数量为1,165,000手（11,650,000张）。本次发行的募 集资金总额为人民币1,165,000,000.0 ...

Group 1 - The core point of the news is the performance and characteristics of the convertible bond issued by Yongxi Electronics, which has seen a decline in its market price and has specific terms regarding its conversion into equity [1][2] - Yongxi Electronics was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board in November 2022, focusing on integrated circuit packaging and testing solutions [2] - The company has a significant investment in advanced packaging technology, with a total investment of approximately 156 billion yuan across its two phases of development [2] Group 2 - For the first quarter of 2025, Yongxi Electronics reported a revenue of 945.5 million yuan, representing a year-on-year increase of 30.12%, and a net profit attributable to shareholders of 24.6 million yuan, up 169.4% year-on-year [2] - The concentration of shareholding is notable, with the top ten shareholders holding a combined 52.91% of the shares, indicating a relatively concentrated ownership structure [2] - The average holding amount per shareholder is approximately 503,300 yuan, with a total of 16,660 shareholders [2]