Core Points - The company announced the results of the convertible bond conversion and the changes in share capital as of September 30, 2025 [1][2] Group 1: Convertible Bond Conversion - In the third quarter of 2025, a total of 6,000 yuan of "Qifan Convertible Bonds" were converted into company shares, resulting in 345 shares being issued [2][8] - As of September 30, 2025, a cumulative total of 763,000 yuan of "Qifan Convertible Bonds" have been converted into company shares, resulting in a total of 38,069 shares, which accounts for 0.0091% of the company's total shares before conversion [2][8] Group 2: Unconverted Convertible Bonds - As of September 30, 2025, the amount of unconverted convertible bonds stands at 999,237,000 yuan, representing 99.9237% of the total issuance [2][9] Group 3: Convertible Bond Issuance Overview - The company was approved by the China Securities Regulatory Commission to publicly issue 10 million convertible bonds with a total value of 1 billion yuan, with a maturity of 6 years [3][4] - The initial conversion price for the bonds was set at 20.53 yuan per share, which has been adjusted multiple times due to profit distributions and other corporate actions, with the latest conversion price being 17.35 yuan per share as of September 11, 2025 [5][6][7]

Core Points - Shanghai Qifan Cable Co., Ltd. announced the results of its convertible bond conversion and share changes, with 6,000 yuan of "Qifan Convertible Bonds" converted into 345 shares of the company [1] - As of September 30, a total of 763,000 yuan of "Qifan Convertible Bonds" have been converted, resulting in 38,069 shares, which accounts for 0.0091% of the total shares outstanding before conversion [1] - The remaining amount of unconverted convertible bonds is 999,237,000 yuan, representing 99.9237% of the total issuance [1] - The initial conversion price of "Qifan Convertible Bonds" was 20.53 yuan per share, while the latest conversion price is 17.35 yuan per share [1] - Following this conversion, the company's unrestricted tradable shares and total share capital increased by 345 shares [1]

Core Viewpoint - The report discusses the significant matter regarding the "Qifan Convertible Bonds" issued by Shanghai Qifan Cable Co., Ltd., highlighting the adjustment of the conversion price and its implications for the company [1] Group 1: Convertible Bond Details - The "Qifan Convertible Bonds" were issued on May 24, 2021, with a total scale of 1 billion yuan and a maturity period of 6 years [1] - The initial conversion price was set at 20.53 yuan per share, while the current price is 17.35 yuan per share [1] - From August 1 to August 21, 2025, the conversion price will be subject to downward adjustment [1] Group 2: Price Adjustment Decision - The company's board and shareholders have approved the adjustment of the conversion price from 19.55 yuan per share to 17.35 yuan per share, effective from September 11 [1] - The conversion was suspended on September 10 and resumed on September 11 [1] - This adjustment complies with the agreed terms and does not affect the issuer's daily operations or debt repayment capability [1] Group 3: Monitoring and Future Actions - Guotai Junan Securities will closely monitor the situation following the adjustment [1]

Core Viewpoint - The company has released its 2025 semi-annual report, ensuring that the content is true, accurate, and complete, reflecting its actual situation without any false records or significant omissions [1][5][27]. Group 1: Company Overview - The company is Shanghai Qifan Cable Co., Ltd., with stock code 605222 and bond code 111000 [1][3]. - The board of directors and senior management guarantee the authenticity and completeness of the semi-annual report [1][3]. Group 2: Financial Data - The company raised a total of RMB 1 billion through the issuance of convertible bonds, with a net amount of RMB 989.05 million after deducting issuance costs [13]. - As of June 30, 2025, the company has RMB 45.26 million of unutilized raised funds, including bank interest [14]. Group 3: Fund Management - The company has established a management system for raised funds to ensure effective supervision and management [15]. - The company has signed tripartite and quadripartite agreements for the storage of raised funds, ensuring compliance with regulations [15]. Group 4: Asset Impairment - The company has proposed to recognize credit and asset impairment losses totaling RMB 21.04 million, which accounts for 15.53% of the most recent audited net profit [22][27]. - The credit impairment loss recognized for accounts receivable and other receivables amounts to RMB 17.99 million [24]. Group 5: Investor Communication - The company will hold a semi-annual performance briefing on September 2, 2025, to enhance communication with investors [32][35]. - Investors can submit questions via email before the briefing, and the company will address common concerns during the session [33][36].

Group 1 - The company held its fourth board meeting on August 21, 2025, with all nine directors present, confirming compliance with legal and procedural requirements [1] - The board approved a proposal to lower the conversion price of the "Qifan Convertible Bonds" due to the stock price being below 85% of the conversion price for at least 15 out of 30 consecutive trading days [1][2] - The board's decision aims to ensure the company's sustainable development, optimize its capital structure, and protect investor interests, with the proposal to be submitted for shareholder approval [1][2] Group 2 - The board also approved a proposal to convene the second extraordinary general meeting of shareholders in 2025, with all nine directors voting in favor [2]

Group 1 - The company Shanghai Qifan Cable Co., Ltd. is holding its second extraordinary general meeting of shareholders in 2025 on September 8, 2025, at 14:00 [1][4] - The meeting will take place at the company's office located at 238 Zhenkang Road, Zhangyan Town, Jinshan District, Shanghai [1][4] - Shareholders can vote through the Shanghai Stock Exchange's online voting system from 9:15 to 15:00 on the day of the meeting [1][3] Group 2 - The meeting will include non-cumulative voting proposals that have been approved by the company's board of directors [2][3] - Shareholders holding "Qifan Convertible Bonds" must abstain from voting on certain proposals as per the company's regulations [3] - Shareholders must register to attend the meeting, with registration available via written authorization for proxies [6] Group 3 - The company allows shareholders with multiple accounts to vote through any of their accounts, with the first vote counted as the official vote [5] - The voting process includes both on-site and online methods, ensuring flexibility for shareholders [4][5] - The company has provided contact information for inquiries related to the meeting [6]

Core Points - The company is holding a shareholders' meeting on September 8, 2025, to ensure the orderly conduct of the meeting and protect shareholders' rights [1][2] - The meeting will include a proposal to adjust the conversion price of the "Qifan Convertible Bonds" due to recent stock price performance [4][8] Meeting Procedures - Shareholders must register on-site between 8:30 and 13:30 on the meeting day, providing necessary identification and documentation [1] - The meeting will follow a structured agenda, including the announcement of attendees and their voting rights, discussion of proposals, and voting procedures [2][4] - Voting will be conducted both on-site and online, with results published in a subsequent announcement [2][4] Convertible Bond Details - The company issued 10 million convertible bonds in 2021, with a total value of 1 billion yuan and a maturity of 6 years [4][5] - The initial conversion price was set at 20.53 yuan per share, which has been adjusted multiple times due to profit distributions and stock incentive plans [5][6][7] - The latest conversion price adjustment is from 19.59 yuan to 19.55 yuan, effective from July 2025 [6][7] Price Adjustment Trigger - The adjustment clause for the convertible bond price was triggered as the stock price fell below 85% of the current conversion price for at least 15 trading days [8] - The board of directors proposed the price adjustment to protect investor interests and optimize the company's capital structure [8][9]

Group 1 - The company proposes to adjust the conversion price of its convertible bonds, "起帆转债," downward due to the stock price being below the set threshold [7][9] - The initial conversion price was set at 20.53 yuan per share, which has been adjusted multiple times, with the latest price being 19.55 yuan per share [2][3][4] - The adjustment is triggered when the stock price falls below 85% of the current conversion price for at least 15 trading days within a 30-day period [8][9] Group 2 - The company issued 10 million convertible bonds with a total value of 1 billion yuan, with a maturity of 6 years and a tiered interest rate structure [1] - The bond was approved by the China Securities Regulatory Commission and began trading on June 17, 2021 [1] - The board of directors has passed a resolution to submit the proposal for the conversion price adjustment to the shareholders' meeting for approval [7][10]

Core Viewpoint - The article discusses recent developments in convertible bonds, including proposals for adjustments and redemption announcements for various bonds, highlighting potential investment opportunities and market movements. Group 1: Convertible Bond Proposals and Announcements - 起帆转债 has proposed a downward adjustment [1] - 海泰转债 and 设研转债 are subject to strong redemption [1][2] - 万凯转债 will not undergo strong redemption [1][2] Group 2: Financial Performance and Market Data - 美锦能源 reported a loss of 674 million yuan for the first half of 2025 [1] - The article includes a table detailing various convertible bonds, their current prices, redemption prices, last trading dates, conversion values, and remaining scales [4][6]

Group 1 - The company, Qifan Cable, announced that starting from August 1, 2025, if its stock price closes below 85% of the conversion price for ten trading days, it may trigger the downward adjustment clause for the "Qifan Convertible Bonds" [2] - If the stock price remains below 85% of the conversion price for at least fifteen out of any thirty consecutive trading days, the company will hold a board meeting to decide whether to exercise the downward adjustment right for the conversion price of the "Qifan Convertible Bonds" [2] - The company will fulfill its information disclosure obligations promptly upon triggering the downward adjustment clause [2]