Core Viewpoint - The article discusses various convertible bonds, highlighting their redemption status, trading prices, and key dates for conversion and redemption [1][4][6]. Group 1: Convertible Bonds Status - Guocheng Convertible Bond (127019) is subject to strong redemption on November 20, 2025 [1]. - Southeast Convertible Bond (127103) will not undergo adjustment [1]. - Huicheng Convertible Bond (118049) and Haoyuan Convertible Bond (118051) are not subject to strong redemption [1]. - Yinbang Convertible Bond (123252) will not be adjusted [1]. - Zhongjin Convertible Bond (127020) has its last trading day on November 20, 2025 [1]. Group 2: Pricing and Trading Information - Luokai Convertible Bond (113689) current price is 156.168, with a strong redemption price of 100.038, and a last trading day on November 17, 2025 [4]. - Chengfeng Convertible Bond (113628) current price is 153.032, with a last trading day on November 17, 2025 [4]. - Zhongjin Convertible Bond (127020) current price is 124.350, with a strong redemption price of 100.700, and a last trading day on November 20, 2025 [4]. - Hengbang Convertible Bond (127086) current price is 118.195, with a strong redemption price of 100.280, and a last trading day on November 24, 2025 [4]. - Qibin Convertible Bond (113047) current price is 113.481, with a strong redemption price of 101.174, and a last trading day on November 27, 2025 [4]. Group 3: Additional Convertible Bonds Information - Fenghuo Convertible Bond (110062) current price is 106.676, with a redemption price of 106.000, and a last trading day on November 26, 2025 [6]. - Ying19 Convertible Bond (110063) current price is 113.327, with a redemption price of 111.000, and a last trading day on December 12, 2025 [6]. - Hongda Convertible Bond (404003) current price is 54.781, with a redemption price of 118.000, and a last trading day on December 15, 2025 [6]. - Jianguo Convertible Bond (110064) current price is 113.369, with a redemption price of 113.000, and a last trading day on December 16, 2025 [6].

（文章来源：证券日报） 证券日报网讯 11月19日晚间，银邦股份发布公告称，2025年11月19日，公司召开第五届董事会第二十 一次会议，审议通过了《关于不向下修正银邦转债转股价格的议案》，公司董事会决定本次不向下修 正"银邦转债"转股价格，同时自本次董事会审议通过次一交易日起未来6个月（2025年11月20日至2026 年5月20日）内，如再次触发"银邦转债"转股价格向下修正条件，亦不提出向下修正方案。在此期间之 后（从2026年5月21日重新起算），若再次触发"银邦转债"转股价格向下修正条件，届时公司董事会将 再次召开会议决定是否行使"银邦转债"的转股价格向下修正权利。 ...

2025年1至6月份，银邦股份的营业收入构成为：有色金属压延业加工业占比99.37%，其他业务占比 0.36%，装备制造业占比0.27%。 截至发稿，银邦股份市值为82亿元。 每经头条（nbdtoutiao）——爱泼斯坦案文件解密倒计时，美国会"秒过"法案直通特朗普，引爆两党"极 限撕扯" （记者 曾健辉） 每经AI快讯，银邦股份（SZ 300337，收盘价：10.03元）11月19日晚间发布公告称，公司第五届第二十 一次董事会会议于2025年11月19日以通讯方式召开。会议审议了《关于不向下修正"银邦转债"转股价格 的议案》等文件。 ...

Core Viewpoint - The announcement from Yinbang Co., Ltd. indicates a potential downward adjustment of the conversion price for its convertible bonds due to the stock price falling below a specified threshold [2] Group 1 - From October 29, 2025, to November 12, 2025, the company's stock has closed below 85% of the current conversion price (10.63 CNY/share) for ten out of any thirty consecutive trading days [2]

Company Overview - Silver Bond Metal Composite Materials Co., Ltd. was founded in June 1988 and is located in Wuxi, Jiangsu Province, China [2] - The company was listed on the Shenzhen Stock Exchange in July 2012, with stock code 300337 [2] - Silver Bond primarily engages in the research, production, and sales of aluminum thermal transmission materials, aluminum-steel composite materials, and multi-metal composite materials [2] Financial Performance - For the period from January to March 2025, Silver Bond achieved operating revenue of 1.3716 billion yuan, representing a year-on-year increase of 21.87% [2] - The net profit attributable to shareholders for the same period was 14.6104 million yuan, showing a year-on-year decline of 49.51% [2] - The net profit after deducting non-recurring gains and losses was 11.2693 million yuan, down 59.66% year-on-year [2] Shareholder Structure - As of August 2025, the shareholder concentration of Silver Bond is very dispersed, with 62,580 shareholders [2] - The average circulating shares per shareholder is 11,370 shares, and the average holding amount is 135,600 yuan [2] Convertible Bonds - On August 27, Silver Bond's convertible bonds fell by 2.05% to 129.134 yuan per bond, with a trading volume of 59.56 million yuan [1] - The credit rating of the convertible bonds is "AA-", with a maturity of 6 years and a coupon rate that increases over time, starting from 0.20% in the first year to 2.30% in the sixth year [1] - The conversion price for the bonds is set at 12.51 yuan, with the conversion period starting on July 14, 2025 [1]

Key Points - The company issued 7,850,000 convertible bonds with a total fundraising amount of RMB 785 million, netting RMB 775.22 million after expenses [1][2] - The bonds were listed on the Shenzhen Stock Exchange on January 24, 2025, under the name "Yinbang Convertible Bonds" with the code "123252" [2][3] - The bond's conversion period starts on July 14, 2025, and ends on January 6, 2031, allowing bondholders to convert their bonds into shares [2][3] - The initial conversion price is set at RMB 12.52 per share, which was later adjusted to RMB 12.51 due to a cash dividend distribution [5][10] - The bond has a six-year term, with a tiered interest rate starting at 0.20% in the first year and increasing to 2.30% in the sixth year [3][10] - The company has established special accounts for the management of the raised funds, ensuring proper oversight and usage [2] - Bondholders can apply for conversion during the specified conversion period, with the minimum conversion unit being one share [5][11] - The company has the right to redeem the bonds at 113% of the face value after five trading days post-maturity if certain conditions are met [13] - Bondholders have the option to sell back their bonds to the company under specific conditions if the stock price falls below 70% of the conversion price [14][15]

Group 1 - The company issued 7,850,000 convertible bonds with a total fundraising amount of RMB 785 million, net proceeds amounting to RMB 775.22 million after deducting issuance costs [1] - The convertible bonds were listed on the Shenzhen Stock Exchange on January 24, 2025, under the name "Yinbang Convertible Bonds" and code "123252" [2] - The conversion period for the bonds starts on July 14, 2025, and ends on January 6, 2031, allowing bondholders to choose whether to convert their bonds into shares [2][3] Group 2 - The initial conversion price for the bonds is set at RMB 12.52 per share, with no adjustments made to the conversion price as of the announcement date [3] - The conversion price will be adjusted based on specific corporate actions such as stock dividends, capital increases, and cash dividends, following a defined formula [4][5] - The company announced a profit distribution plan for 2024, with a net profit of RMB 57.69 million and a cash dividend of RMB 0.10 per share, leading to an adjustment of the conversion price to RMB 12.51 per share effective from July 14, 2025 [6][7]