Core Viewpoint - The announcement details the conversion results of the company's convertible bonds, indicating low conversion activity and adjustments to the conversion price over time [1][2][3][4][5][6][7][8][9][10]. Group 1: Convertible Bond Issuance Overview - The company issued 10 million convertible bonds on December 13, 2021, with a total value of 1 billion yuan and a maturity of 6 years [3]. - The initial conversion price was set at 53.07 yuan per share [4]. Group 2: Conversion Price Adjustments - The conversion price was adjusted to 36.05 yuan per share on May 20, 2022, following a profit distribution and capital increase [4]. - Subsequent adjustments occurred, with the price changing to 35.00 yuan on April 11, 2023, and further adjustments to 34.50 yuan, 34.57 yuan, and finally to 27.66 yuan by August 17, 2023 [5][6]. - The latest adjustment brought the conversion price to 27.04 yuan on June 5, 2025 [7]. Group 3: Conversion Activity - As of December 31, 2025, a total of 492,000 yuan worth of convertible bonds had been converted into 13,843 shares, representing 0.0040% of the company's total shares before conversion [2][9]. - The amount of unconverted bonds stood at 999,508,000 yuan, accounting for 99.9508% of the total issuance [10].

Core Viewpoint - Yongjin Co., Ltd. announced that its convertible bond conversion price will not be adjusted downwards despite triggering the downward adjustment clause due to stock prices falling below 80% of the conversion price [2] Group 1 - From November 24, 2025, to December 12, 2025, the company's stock price closed below 21.39 yuan per share for 15 consecutive trading days, triggering the downward adjustment clause for the "Yongjin Convertible Bonds" [2] - The company's board of directors decided not to exercise the right to adjust the conversion price downwards at this time [2] - The company will not propose a downward adjustment plan for the next six months, from December 13, 2025, to June 12, 2026, even if the adjustment clause is triggered again [2] Group 2 - The board will reconvene on the first trading day after June 13, 2026, to decide whether to exercise the right to adjust the conversion price downwards if the clause is triggered again [2]

Core Viewpoint - The company has decided not to exercise the downward adjustment of the conversion price for the "Yongjin Convertible Bonds" at this time, and will not propose a downward adjustment plan if triggered again within the next six months [1] Group 1 - The sixth board meeting of the company was held on December 12, 2025, where the decision was made regarding the "Yongjin Convertible Bonds" [1] - The company will reassess the situation starting from June 13, 2026, if the downward adjustment clause is triggered again [1] - The period for the current decision spans from December 13, 2025, to June 12, 2026, during which no downward adjustment will be proposed [1]

Core Viewpoint - Yongjin Co., Ltd. (603995.SH) has decided not to exercise the downward adjustment of the conversion price for its "Yongjin Convertible Bonds" at the current board meeting held on December 12, 2025 [1] Group 1 - The company will not propose a downward adjustment of the conversion price for the "Yongjin Convertible Bonds" in the next six months, from December 13, 2025, to June 12, 2026 [1] - If the downward adjustment clause is triggered again after June 13, 2026, the board will convene to decide whether to exercise the adjustment right [1]

Group 1 - The company Yongjin Co., Ltd. announced the interest payment schedule for its convertible bonds [2] - The bondholder registration date is set for December 12, 2025 [2] - The ex-dividend date and the interest payment date are both scheduled for December 15, 2025 [2]

Core Viewpoint - Yongjin Co., Ltd. announced that from November 24, 2025, to December 5, 2025, its stock price has been below 80% of the current conversion price of 26.74 CNY/share, indicating a potential trigger for the downward adjustment of the "Yongjin Convertible Bond" conversion price [1] Summary by Relevant Sections - Stock Price Condition: The company's stock price must remain below 21.39 CNY/share for 10 consecutive trading days to trigger the adjustment clause [1] - Future Monitoring: If the stock price continues to meet the specified conditions for 5 out of the next 20 trading days, it may lead to a downward adjustment of the conversion price [1]

Core Viewpoint - The company is adjusting the conversion price of its convertible bonds ("甬金转债") due to the implementation of its 2025 semi-annual profit distribution plan, which includes a cash dividend of 0.30 yuan per share [4][14]. Group 1: Convertible Bond Issuance and Adjustments - The company issued 10 million convertible bonds with a total value of 1 billion yuan, with an initial conversion price of 53.07 yuan per share [2][3]. - The conversion price has been adjusted multiple times due to various profit distribution plans, with the latest adjustment setting the price at 26.74 yuan per share effective from September 23, 2025 [4][10]. Group 2: Profit Distribution Plan - The profit distribution plan for the first half of 2025 was approved, with a cash dividend of 3 yuan for every 10 shares held, effective from the registration date [17][19]. - The total number of shares eligible for distribution is 363,608,984 after excluding shares held in the company's repurchase account [17][18]. Group 3: Tax Implications - For individual shareholders holding shares for over one year, the cash dividend is exempt from personal income tax, while those holding for less than one year will have tax implications based on their holding period [21][22]. - The company will withhold a 10% corporate income tax for qualified foreign institutional investors (QFII), resulting in a net cash dividend of 0.27 yuan per share for them [22].

Core Viewpoint - The China Convertible Bond Index opened higher by 0.05%, indicating a positive market sentiment towards convertible bonds [1] Summary by Category Market Performance - Jinji Convertible Bond and Jinling Convertible Bond both increased by over 3% [1] - Yongjin Convertible Bond and Saili Convertible Bond also rose by 3% [1] - Zhengyu Convertible Bond fell by nearly 2% [1] - Tianyang Convertible Bond and Linuo Convertible Bond decreased by over 1% [1]

Core Viewpoint - The credit rating for Yongjin Technology Group Co., Ltd. remains unchanged at "AA-" for both the company and its convertible bonds, with a stable outlook [1][2]. Group 1: Credit Ratings - Previous bond rating was "AA-" and the issuer rating was also "AA-", with a stable outlook [1]. - The current bond rating is "AA-" and the issuer rating is "AA-", with a stable outlook, indicating no change from the previous assessment [2]. - The rating agency responsible for the assessment is Shanghai New Century Credit Rating Co., Ltd. [2]. Group 2: Reporting and Compliance - The company has complied with the relevant regulations, including the "Measures for the Administration of Securities Issuance Registration by Listed Companies" and the "Shanghai Stock Exchange Stock Listing Rules" [1]. - The credit rating report was issued on June 5, 2025, and is available on the Shanghai Stock Exchange website [2].

Core Points - The company announced an adjustment to the conversion price of its convertible bonds "Yongjin Convertible Bonds" due to the implementation of the 2024 annual equity distribution [1][7] - The adjusted conversion price will decrease from 27.54 CNY/share to 27.04 CNY/share, effective from June 5, 2025 [2][7] Summary by Sections Convertible Bond Issuance Overview - The company issued 10 million convertible bonds with a total value of 1 billion CNY on December 13, 2021, with a maturity of 6 years and a tiered interest rate [2] - The bonds were approved by the China Securities Regulatory Commission and began trading on December 31, 2021 [2] Historical Adjustments to Conversion Price - The conversion price was adjusted multiple times due to various equity distributions and profit allocation decisions: - From 53.07 CNY/share to 36.05 CNY/share on May 20, 2022 [2] - From 36.05 CNY/share to 35.00 CNY/share on April 6, 2023 [3] - From 35.00 CNY/share to 34.50 CNY/share on July 7, 2023 [3] - From 34.50 CNY/share to 34.57 CNY/share on July 26, 2023 [3] - From 34.57 CNY/share to 27.66 CNY/share on August 17, 2023 [4] - From 27.66 CNY/share to 27.98 CNY/share on March 18, 2024 [5] - From 27.98 CNY/share to 27.48 CNY/share on June 5, 2024 [5] Basis for Conversion Price Adjustment - The adjustment of the conversion price is in accordance with the company's prospectus, which stipulates that the conversion price will be adjusted in the event of cash dividends, stock distributions, or other equity changes [6] - The formula used for the adjustment is P1 = P0 - D, where P0 is the previous conversion price and D is the cash dividend per share [6][7]