Group 1 - Taifu Pump Industry has terminated the acquisition of 51% equity in Nanyang Huacheng [1] - Shareholder Fosun Pharma of Shanhe Pharmaceutical Auxiliary plans to reduce its stake by no more than 3% [1] - Several convertible bonds including Anji Convertible Bond, Longda Convertible Bond, and Oujing Convertible Bond will not undergo forced redemption [1][2] Group 2 - The following convertible bonds will not be adjusted: Oujing Convertible Bond, Longda Convertible Bond, and Tong 22 Convertible Bond [2] - New shares from Danna Biotechnology will be listed on the Beijing Stock Exchange [1] - North Mining Testing is also set to issue new shares on the Beijing Stock Exchange [1]

Core Points - Tongguang Cable announced that the "Tongguang Convertible Bonds" began conversion on May 8, 2020, with a total of 337,500,000 shares issued before the conversion started [2] - As of October 29, 2025, a total of 34,806,185 shares have been converted, representing 10.31% of the total shares issued prior to the conversion [2] - There are still 200,760 "Tongguang Convertible Bonds" that have not been converted, which accounts for 6.76% of the total issuance of 2,970,000 bonds [2]

Group 1 - Multiple convertible bonds are experiencing significant declines as they approach their last trading days, with specific examples highlighting the risks involved [1][2][3] - Tongguang Convertible Bond dropped 5.29% on October 29, following a 16.06% decline on October 28, marking four consecutive days of decline before its last trading day [1] - If Tongguang Convertible Bond is not converted by November 3, it will be forcibly redeemed at 113 RMB per bond, resulting in a potential loss of 6.3% based on its closing price of 120.602 RMB on October 29 [1] Group 2 - Fushi Convertible Bond also faced a decline, with its latest price at 137.805 RMB, down approximately 17% from its historical high in September [1][2] - Investors holding Fushi Convertible Bond must convert by November 3 to avoid a loss of 27.30% if not sold or converted [2] - Changji Convertible Bond has seen a continuous decline since an early redemption announcement on October 14, with a current price of 117.358 RMB, leading to a potential loss of 13.81% if not redeemed by November 3 [2] Group 3 - Enjie Convertible Bond has decreased by 20.58% from its October high of 160.8 RMB, with a current price of 127.714 RMB [3] - If Enjie Convertible Bond is not converted by the last trading day on October 30, it will be redeemed at 101.44 RMB, resulting in a loss of 20.57% [3] - Despite the overall downward trend, some convertible bonds are performing well, indicating a disparity in price movements among different bonds [3] Group 4 - Investors should be aware of the option to convert bonds before the last trading day, as companies typically remind bondholders to convert during the conversion period [4] - For convertible bonds issued by companies on the ChiNext board, investors must have the appropriate trading permissions to convert, highlighting the risk of being unable to convert [4] Group 5 - Upcoming convertible bonds entering their last trading days include Niutai Convertible Bond on October 30, Chunqiu Convertible Bond on November 3, Sheng24 Convertible Bond on November 10, Chenfeng Convertible Bond on November 17, and Hengbang Convertible Bond on November 24 [5]

Core Viewpoint - Several convertible bonds are experiencing significant declines as they approach their last trading days, highlighting the importance of understanding the details and investment risks associated with these bonds [1] Group 1: Convertible Bond Performance - Tongguang Convertible Bond fell by 5.29% on October 29, following a 16.06% drop on October 28, marking four consecutive days of decline [2] - The last trading day for Tongguang Convertible Bond is October 29, with a forced redemption price of 113 RMB per bond if not converted by November 3, potentially resulting in a loss of 6.3% based on the closing price of 120.602 RMB [2] - Fushi Convertible Bond is also facing a decline, with a current price of 137.805 RMB, down approximately 17% from its historical high in September [2] - Fushi Convertible Bond's last trading day is also October 29, with a forced redemption price of 100.19 RMB per bond, leading to a potential loss of 27.30% if not converted [3] - Changji Convertible Bond has seen a continuous decline since an early redemption announcement on October 14, with a current price of 117.358 RMB, which is significantly lower than pre-announcement levels [3] - If Changji Convertible Bond is not redeemed by November 3, it will be redeemed at 101.151 RMB, resulting in a loss of 13.81% [3] - Enjie Convertible Bond has dropped 20.58% from its October high of 160.8 RMB, with a current price of 127.714 RMB [4] - If Enjie Convertible Bond is not converted by the last trading day of October 30, it will be redeemed at 101.44 RMB, leading to a loss of 20.57% [4] Group 2: Important Details for Investors - Investors holding convertible bonds nearing their last trading days should consider options such as selling the bonds or converting them before the redemption period ends [5] - Companies typically remind bondholders to convert their bonds during the conversion period, as seen in Tongguang Cable's announcement [5] - For convertible bonds issued by companies on the ChiNext board, investors must have the appropriate trading permissions to convert their bonds into stocks, as highlighted in Fushi's announcement [5] Group 3: Upcoming Convertible Bonds - Several convertible bonds are approaching their last trading days, including Niutai Convertible Bond on October 30, Chunqiu Convertible Bond on November 3, Sheng24 Convertible Bond on November 10, Chenfeng Convertible Bond on November 17, and Hengbang Convertible Bond on November 24 [6]

Core Viewpoint - Several convertible bonds are experiencing significant declines as they approach their last trading days, highlighting the importance of understanding the details and investment risks associated with these bonds [1][2]. Summary by Sections Convertible Bond Performance - Tongguang Convertible Bond fell by 5.29% on October 29, following a 16.06% drop on October 28, marking four consecutive days of decline. October 29 is its last trading day, with forced redemption at 113 RMB per bond if not converted by November 3, leading to a potential loss of 6.3% based on the closing price of 120.602 RMB [3][4]. - Fushi Convertible Bond closed at 137.805 RMB, down approximately 17% from its historical high in September. It also has its last trading day on October 29, with forced redemption at 100.19 RMB per bond, resulting in a potential loss of 27.30% if not converted [4]. - Changji Convertible Bond has been declining since an early redemption announcement on October 14, with a current price of 117.358 RMB. If not redeemed by November 3, it will be redeemed at 101.151 RMB, leading to a potential loss of 13.81% [5]. - Enjie Convertible Bond has dropped 20.58% from its October high of 160.8 RMB, currently priced at 127.714 RMB. If not converted by the last trading day on October 30, it will be redeemed at 101.44 RMB, resulting in a loss of 20.57% [5]. Market Trends - Despite the overall decline in many convertible bonds, some have shown resilience and even increased in value due to the strong performance of the equity market [6]. Important Considerations - Investors holding convertible bonds nearing their last trading days should consider options such as selling, waiting for redemption, or converting to stocks. Companies typically remind bondholders to convert before trading stops [8]. - For convertible bonds issued by companies on the ChiNext board, investors must have the appropriate trading permissions to convert their bonds into stocks, highlighting the risk of being unable to convert [8]. - Upcoming convertible bonds entering their last trading days include Niutai Convertible Bond on October 30, Chunqiu Convertible Bond on November 3, Sheng24 Convertible Bond on November 10, Chenfeng Convertible Bond on November 17, and Hengbang Convertible Bond on November 24 [8].

New Stock Issuance - Multiple companies are experiencing significant abnormal fluctuations in stock prices, including 香农芯创 (300475) with a notice date of 2025-10-24[1] - 天普股份 (605255) reported on 2025-10-21[1] - 生益电子 (688183) and 达华智能 (002512) both reported on 2025-10-29[1] Trading Alerts - 21 companies have been flagged for abnormal trading activities as of 2025-10-29, indicating potential volatility in the market[1] - ST新华锦 (600735) and 汇绿生态 (001267) are among those with recent alerts on 2025-10-29[1] - The report includes links to detailed announcements for each company, providing transparency and further information for investors[1] Market Trends - The report highlights a trend of increased scrutiny on companies with abnormal stock price movements, suggesting a potential shift in regulatory focus[1] - Investors are advised to monitor these stocks closely due to the heightened risk associated with abnormal fluctuations[1]

Group 1 - The core point of the article is the performance of the Zhongzheng Convertible Bond Index, which rose by 0.32% to 485.57 points on October 29 [1] - Notable gainers in the convertible bond market include Zhenhua Convertible Bond, Dazhong Convertible Bond, Yuguang Convertible Bond, Jincheng Convertible Bond, and Yinlun Convertible Bond, with increases of 8.12%, 6.68%, 4.89%, 4.57%, and 4.46% respectively [1] - Conversely, the biggest losers were Tongguang Convertible Bond, Chenfeng Convertible Bond, Haineng Convertible Bond, Liyang Convertible Bond, and Anji Convertible Bond, which saw declines of 4.73%, 3.11%, 2.67%, 2.48%, and 2.41% respectively [1]

New Stock Issuance - Fengbei Bio (证券代码: 732334) issued at a price of 24.49 on 2025/10/27[1] - The offer period for the acquisition of Shangwei New Materials (证券代码: 688585) is from 2025/09/29 to 2025/10/28[1] Market Alerts - Significant abnormal fluctuations reported for *ST Yuancheng (证券代码: 603388) on 2025/10/24[1] - Other companies with abnormal fluctuations include *ST Wanfang (证券代码: 000638) and ST Lingnan (证券代码: 002717) on 2025/10/27[1] Recent Announcements - Multiple companies including Tianpu Co. (证券代码: 605255) and Chang Aluminum (证券代码: 002160) have recent announcements dated 2025/10/27[1] - The latest announcements can be accessed through the provided links for detailed information[1]

Group 1 - The China Convertible Bond Index rose by 0.14%, closing at 477.97 points on October 23 [1] - Tongguang Convertible Bond increased by 4.25%, Tianyuan Convertible Bond by 3.14%, and Jingda Convertible Bond by 3.12% [1] - Huicheng Convertible Bond fell by 10.94%, Tongcheng Convertible Bond by 5.84%, and Songlin Convertible Bond by 4.49% [1]

Group 1: New Stock Offerings - The tender offer for Shangwei New Materials (688585) is open from September 29, 2025, to October 28, 2025[1] - Huajian Group (600629) announced significant updates on October 22, 2025[1] - ST Dongyi (002713) reported on October 22, 2025, regarding its stock status[1] Group 2: Stock Volatility Alerts - Dayou Energy (600403) experienced severe abnormal fluctuations, with updates on October 22 and 23, 2025[1] - Multiple companies, including Tianpu Co. (605255) and Guangming Real Estate (600708), reported abnormal trading activities on October 23, 2025[1] - ST Nanzhi (002305) and ST Aowei (002231) are under scrutiny for unusual market behavior as of October 23, 2025[1]