（文章来源：每日经济新闻） 每经AI快讯，10月10日，中证转债指数开盘下跌0.08%，报487.44点。其中，豫光转债、恩捷转债、欧 通转债、利扬转债、鹿山转债跌幅居前，分别跌4.13%、2.53%、2.36%、2.36%、2.24%。中环转2、利 民转债、立中转债、中辰转债、升24转债涨幅居前，分别涨20.00%、5.64%、3.80%、1.62%、1.56%。 ...

Financial Performance - In the first half of 2025, the company achieved a total revenue of 1,444,339 million yuan, a year-on-year increase of 15.41% [1] - The net profit attributable to shareholders was 40,129 million yuan, up 4.97% year-on-year, with a significant increase of 62.43% when excluding accounting estimate changes [1] - In Q2 2025, the net profit reached 23,934 million yuan, reflecting a year-on-year growth of 121.66% and a quarter-on-quarter increase of 47.79% [1] Business Segments Performance Functional Intermediate Alloy Business - The company focused on high-performance intermediate alloys for sectors like new energy vehicles and aerospace, leading to revenue and profit growth [2] Recycled Aluminum Alloy Business - The demand for cast aluminum alloys surged due to the growth in new energy vehicles, with the company expanding its international market presence in recycled aluminum [2] Aluminum Alloy Wheel Business - The business is evolving towards scale, globalization, and high-end production, with increased production efficiency and enhanced international competitiveness [3] New Energy Lithium Battery Materials - The company is advancing customer certification and market development for lithium hexafluorophosphate products, leveraging its production line advantages [4] New Materials and Product Development - The company is accelerating the development of new materials in emerging markets, focusing on applications in new energy vehicles and robotics [4] - Key developments include: - Series of non-heat-treated alloys achieving mass production in the automotive sector [5] - Recycled low-carbon A356 alloy with 75% recycled aluminum, showing advantages in performance and cost [5] - High thermal and electrical conductivity materials being applied in various high-tech sectors [5] International Expansion - The company has established production bases in Thailand and Mexico, with plans for a third factory in Thailand to enhance production capacity [6] - The Mexican facility is projected to produce 360 million lightweight aluminum wheels annually, benefiting from zero tariffs under the USMCA [6] Impact of Aluminum Alloy Futures - The listing of aluminum alloy futures on June 10, 2025, allows the company to engage in more precise hedging strategies, enhancing market liquidity and setting industry benchmarks [7] High-End Aluminum Alloy Wheel Strategy - The company is focusing on low-carbon, lightweight manufacturing in the high-end aluminum alloy wheel market, with significant capacity expansion planned in Thailand and Mexico [8]

Core Points - The company will not distribute cash dividends, issue bonus shares, or increase capital through reserves for the reporting period [3] - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period [5][6] - The company has approved a profit distribution plan at the 2024 annual general meeting, distributing cash dividends of 3.37 RMB per 10 shares, totaling approximately 214.60 million RMB [10] - The company has issued convertible bonds, "LZ Convertible Bonds," which are listed on the Shenzhen Stock Exchange, with a conversion period from February 2, 2024, to July 26, 2029 [11] - As of the announcement date, the controlling shareholder and actual controller hold 428,239,655 shares, representing 67.61% of the total shares, with 3,135,900 shares pledged [12] Financial Data - The total share capital of the company has changed to 639,496,790 shares after the profit distribution plan [10] - The number of restricted stocks that have been granted and will be listed is 6,143,794 shares, accounting for approximately 0.97% of the total share capital [8]

Summary of Key Points Core Viewpoint - The announcement details the interest payment for the "Li Zhong Convertible Bonds" for the second year, highlighting the interest rates and payment procedures for bondholders [1][4]. Group 1: Bond Details - The "Li Zhong Convertible Bonds" have a total issuance of 8.998 million bonds, with a maturity period from July 27, 2023, to July 26, 2029 [1]. - The interest rates for the bonds are structured as follows: 0.30% for the first year, 0.50% for the second year, 1.00% for the third year, 1.50% for the fourth year, 2.00% for the fifth year, and 2.50% for the sixth year [1][2]. - The second-year interest payment is scheduled for July 28, 2025, with a payment of 5.00 CNY for every 10 bonds held [1][4]. Group 2: Interest Payment Procedures - The interest payment will be made within five trading days after the interest payment date, and bondholders who convert their bonds into shares before the payment date will not receive the interest for that year [3][4]. - The interest payment is subject to a 20% withholding tax, which will be deducted by the payment agency [5]. - The payment will be processed through the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, which will distribute the funds to the designated accounts of bondholders [4][6]. Group 3: Taxation Information - Individual bondholders are required to pay a personal income tax on the interest income at a rate of 20% [5]. - Foreign institutional investors are exempt from corporate income tax and value-added tax on the interest income until December 31, 2025 [5]. Group 4: Contact Information - Investors seeking further information can refer to the full prospectus available on the Giant Tide Information Network or contact the company's Securities Affairs Department at the provided phone number [6].

Core Viewpoint - Lizhong Alloys Sitong Light Group Co., Ltd. has successfully issued convertible bonds totaling RMB 899.8 million, with the funds intended for specific projects, including the production of ultra-lightweight aluminum alloy wheels in Mexico and the establishment of a research center for high-conductivity materials [3][19]. Section 1: Bond Overview - The bond issuance plan was approved by the company's board and shareholders in 2022, with subsequent adjustments made in 2023 [2][3]. - The China Securities Regulatory Commission approved the registration of the bond issuance, allowing the company to issue 8,998,000 convertible bonds at a face value of RMB 100 each [3][4]. - The total amount raised from the bond issuance was RMB 899.8 million, with a net amount of RMB 888.26 million after deducting issuance costs [3][19]. Section 2: Key Terms of the Bonds - The bonds have a six-year term, with an annual interest rate that increases from 0.30% in the first year to 2.50% in the sixth year [4][5]. - Interest payments will be made annually, and the principal will be repaid at maturity [4][5]. - The initial conversion price is set at RMB 23.57 per share, with a current conversion price of RMB 18.66 effective from June 23, 2025 [5][6]. Section 3: Financial Performance - For the year 2024, the company reported a total revenue of RMB 2,724.64 million, a 16.61% increase year-on-year, and a net profit attributable to shareholders of RMB 707.12 million, up 16.77% [19]. - The company’s basic earnings per share increased by 15.46% to RMB 1.12, while the diluted earnings per share rose by 13.54% to RMB 1.09 [19]. Section 4: Use of Proceeds - The proceeds from the bond issuance will be allocated to specific projects, including the production of aluminum alloy wheels and the development of high-conductivity materials [19][20]. - The total investment for these projects exceeds the amount raised from the bond issuance, with the company planning to cover the shortfall through self-funding [20][21]. Section 5: Management of Funds - The company has established a special account for the management of the raised funds, ensuring that they are used in accordance with regulatory requirements [20][21]. - As of December 31, 2024, the company had not yet utilized the entirety of the raised funds, which remain in the designated special account [22].

Key Points - The company issued 8,998,000 convertible bonds with a total amount of 899.8 million RMB, with a maturity of 6 years, and the bonds were listed on August 16, 2023 [1] - The initial conversion price was set at 23.57 RMB per share, which was later adjusted to 23.55 RMB on November 16, 2023, and further adjusted to 23.42 RMB on May 20, 2024 [2][3] - The conversion price was subsequently revised down to 19.09 RMB on July 5, 2024, and then to 19.08 RMB on November 2024 [3][4] - As of the latest announcement, the conversion price is set at 19.00 RMB per share, effective from May 13, 2025 [4] - The company plans to adjust the conversion price based on various corporate actions such as stock dividends, capital increases, and cash dividends, following specific formulas outlined in the announcement [5] - The company’s total share capital increased from 633,352,960 shares to 639,496,790 shares due to the conversion of bonds and stock incentive plans [6] - The cash dividend distribution plan is set at 3.37 RMB per 10 shares, with a total cash dividend of approximately 214.6 million RMB [7] - The conversion price will be adjusted to 18.66 RMB per share effective June 23, 2025, based on the cash dividend distribution [8]

Core Viewpoint - The company announced its 2024 annual profit distribution plan, which includes a cash dividend of 3.37 RMB per 10 shares, based on a total share capital adjusted for repurchased shares [2][4]. Group 1: Share Capital Changes - The total share capital of the company increased from 633,352,960 shares to 639,496,790 shares due to the vesting of stock options and the conversion of convertible bonds [1][3]. - The number of shares eligible for profit distribution is 636,808,232 shares after excluding the repurchased shares [2][4]. Group 2: Profit Distribution Details - The total cash dividend to be distributed amounts to 214,604,374.18 RMB, which includes tax [2][3]. - The cash dividend will be distributed to all shareholders registered by the equity registration date of June 20, 2025, with the ex-dividend date set for June 23, 2025 [5][6]. Group 3: Convertible Bonds Adjustment - The conversion price of the company's convertible bonds will be adjusted from 19.00 RMB per share to 18.66 RMB per share, effective June 23, 2025 [6].