Core Viewpoint - The company has announced the results of its supervisory board meeting, detailing various proposals that will be submitted for approval at the upcoming annual shareholders' meeting in 2024, including financial reports and operational plans [12][14][16]. Group 1: Shareholder Meeting Proposals - The supervisory board approved the 2024 annual work report with unanimous consent [13]. - The financial settlement report for 2024 was also approved unanimously, reflecting the company's financial status and operational results [15]. - The profit distribution plan for 2024 was approved, aligning with legal regulations and the company's development needs [16]. - The annual report and its summary for 2024 were approved, confirming compliance with regulatory requirements [17]. - The first quarter report for 2025 was approved, indicating adherence to legal and regulatory standards [18]. Group 2: Financial and Operational Decisions - The board approved a proposal for a credit limit application to financial institutions for 2025, aimed at enhancing liquidity and supporting daily operations [19]. - A proposal for providing guarantees for subsidiaries was approved, with a total guarantee limit not exceeding RMB 2.3 billion [21]. - The use of idle funds for purchasing financial products was approved, aimed at improving fund efficiency and returns [22]. - The board approved the initiation of foreign exchange derivative business to mitigate risks associated with currency fluctuations, with a limit of RMB 1 billion [24]. - The board approved the establishment of a bill pool business with a limit of RMB 500 million to enhance asset efficiency [26]. Group 3: Accounting and Policy Changes - The company announced a change in accounting policies based on new regulations from the Ministry of Finance, effective from January 1, 2024, which will not significantly impact financial results [40][41]. - The company will adopt new accounting standards regarding the classification of liabilities and the treatment of quality guarantees, ensuring compliance with updated regulations [41][43].

Core Viewpoint - The company has disclosed its quarterly report, ensuring the accuracy and completeness of the financial information presented, and has faced legal proceedings that have been resolved in its favor [2][5][6]. Financial Data - The quarterly report has not been audited [10]. - The company does not require retrospective adjustments or restatements of previous accounting data [3]. - There are no non-recurring profit and loss items applicable for the current reporting period [3]. Shareholder Information - The company has provided details on the total number of shareholders and the shareholding structure, including major shareholders [4][5]. Legal Matters - The company faced a lawsuit regarding property preservation liability, which was dismissed by the court, and the ruling was upheld upon appeal [5][6]. Employee Stock Ownership Plan - The first phase of the employee stock ownership plan has been completed, with 2,083,200 shares sold, representing 0.41% of the current total share capital [6]. Convertible Bonds - The company has triggered the conditional redemption of its convertible bonds due to the stock price exceeding 130% of the conversion price, and plans to redeem all outstanding bonds [7][8].

Core Viewpoint - The convertible bond market has experienced increased volatility following a recent peak in the China Securities Convertible Bond Index, with a notable decline observed in late March due to cooling bullish sentiment in the stock market and potential delisting risks for underlying stocks [1][3][5]. Group 1: Market Performance - On March 24, the China Securities Convertible Bond Index opened lower and saw a maximum intraday decline of over 1%, closing down 0.44% [3][5]. - Since March 19, the index has experienced a cumulative pullback of over 3% from its year-to-date high [3][5]. - The overall performance of convertible bonds has been negatively impacted by a shift in market sentiment and style, particularly affecting mid-to-low priced securities [5]. Group 2: Specific Bond Movements - The Yong'an Convertible Bond fell sharply by 20% on March 24, closing at 147.026 yuan per share, with a negative conversion premium of -3.95% [8][9]. - This decline was linked to the underlying stock Yong'an's price drop, which was influenced by a recent change in control and associated risk disclosures [9]. Group 3: Institutional Perspectives - Different institutions have varying views on the future of the convertible bond market. Huatai Securities has shifted its stance to cautious, focusing on low-priced and balanced stock-bond varieties due to high valuations and potential risks [5][12]. - Huazhong Securities suggests that despite high valuations, the convertible bond market could see a rebound in 2025, emphasizing the importance of selecting high-quality, liquid bonds [12][13]. - The current market environment has led to a reduction in risk appetite among institutional investors, with a focus on high-rated, stable companies and sectors such as banking and utilities [13].

科华数据股份有限公司关于"科数转债"赎回实施的 第八次提示性公告 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002335 证券简称：科华数据 公告编号：2025-017 债券代码：127091 债券简称：科数转债 科华数据股份有限公司 关于"科数转债"赎回实施的第八次提示性公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，并对公告中的虚假记载、误导性陈述或重 大遗漏承担责任。 特别提示： 1、"科数转债"赎回价格：100.32 元/张（含息税，当期年利率为 0.5%），扣税后的赎回价格以中国证券 登记结算有限责任公司深圳分公司（以下简称"中登公司"）核准的价格为准。 8、投资者赎回款到账日：2025 年 4 月 23 日 9、最后一个交易日可转换公司债券简称：Z 数转债 10、赎回类别：全部赎回 11、根据安排，截至 2025 年 4 月 15 日收市后仍未转股的"科数转债"，将按照 100.32 元/张的价格强制 赎回，特提醒"科数转债"持有人注意在限期内转股。本次赎回完成后，"科数转债"将在深圳证券交易所 （以下简称"深交所"）摘牌。投资者持有的"科数转债"存在被质押或冻结情形 ...

Core Viewpoint - Several convertible bonds have announced plans for early redemption, with current secondary market prices significantly higher than the redemption prices, potentially leading to substantial losses for investors if they hold until forced redemption [1][7]. Group 1: Early Redemption Announcements - Kewah Data announced the early redemption of "Keshuzhuan Bond," stating that the stock price has met the conditions for redemption, with a forced redemption price of 100.32 yuan per bond [4]. - Nanshan Zhishang also announced the early redemption of "Zhishang Bond," with a forced redemption price of 100.38 yuan per bond [5]. - Zhongfu Bond has also triggered its conditional redemption clause, with a forced redemption price of 100.19 yuan per bond [5]. Group 2: Market Performance Context - The recent increase in early redemptions is a reflection of the strong performance of the convertible bond market over the past few months [6][10]. - The CSI Convertible Bond Index has risen for six consecutive months from September 2024 to February 2025, with an additional increase of 1.25% since March 2025 [11]. - Over 440 convertible bonds have risen in value since the beginning of 2025, with more than 80% of them experiencing price increases, including several bonds with gains exceeding 50% [12]. Group 3: Investor Considerations - Investors are advised to convert their bonds or sell them at an appropriate time to avoid losses due to forced redemption, as the current market prices for these bonds are significantly higher than the redemption prices [1][7][8]. - As of March 6, the secondary market prices for Keshuzhuan Bond, Zhishang Bond, and Zhongfu Bond were 189.1 yuan, 200.489 yuan, and 133.4 yuan per bond, respectively, indicating potential losses of 46.95%, 49.93%, and 24.90% if held until forced redemption [7].

Group 1 - The core viewpoint of the article discusses various corporate actions related to convertible bonds and stock control changes, indicating a dynamic environment in the investment landscape [1] Group 2 - Haoke Convertible Bond is approaching a down adjustment [1] - Xizi Clean Energy's subsidiary plans to sign a relocation compensation agreement worth 274 million yuan [1] - Kesu Convertible Bond is subject to strong redemption [1] - Xuelong Biological's controlling shareholder is planning a change in company control, leading to a stock suspension [1] - Kangyi Convertible Bond will not undergo a down adjustment [1]