Core Viewpoint - The article provides an overview of recent developments in the convertible bond market, including new issuances and important announcements regarding existing bonds [1][6]. Group 1: New Issuances - Jinlang will be available for subscription on October 17 [1]. - Super Electronics and Taikai Ying are also highlighted as new stock subscriptions on the Shanghai and Shenzhen exchanges and the Beijing Stock Exchange, respectively [1]. Group 2: Important Announcements - The announcement regarding the adjustment of Zhengchuan Convertible Bond was made on October 15, 2025 [1]. Group 3: Convertible Bond Data - A detailed table lists various convertible bonds, including their current prices, redemption prices, last trading dates, last conversion dates, conversion values, remaining scales, and the proportion of convertible bonds to the underlying stocks [3][5]. - For example, the current price of Jiuzhou Convertible Bond 2 is 123.799, with a strong redemption price of 102.040, and a conversion value of 125.18 [3]. - The remaining scale of Changji Convertible Bond is 4.964 billion, with a conversion value of 126.41 [3].

Group 1 - Lingyi Technology (002600) is approaching the deadline for the conversion of "Lingyi Convertible Bonds," with only half a trading day left as of the announcement date. After the market closes on October 14, unconverted bonds will be forcibly redeemed at a price of 100.181 CNY per bond, potentially leading to losses for investors [1] - Xuerong Biological (300511) is also nearing the deadline for the conversion of "Xuerong Convertible Bonds," with only half a trading day remaining. After the market closes on October 14, unconverted bonds will be forcibly redeemed at a price of 100.93 CNY per bond. There is a significant price difference between the redemption price and the market price prior to the conversion deadline, highlighting the need for bondholders to convert in time to avoid potential losses [1]

Group 1 - Lingyi Technology: As of the announcement, there is only half a trading day left until the "Lingyi Convertible Bond" stops conversion and is redeemed. After the market closes on October 14, any unconverted "Lingyi Convertible Bonds" will be forcibly redeemed at a price of 100.181 CNY per bond. Investors may face losses if forced redemption occurs [1] - Xuerong Biological: As of the announcement, there is only half a trading day left until the "Xuerong Convertible Bond" stops conversion. After the market closes on October 14, any unconverted "Xuerong Convertible Bonds" will be forcibly redeemed at a price of 100.93 CNY per bond. Due to the significant difference between the redemption price and the market price before the stop of trading and conversion, it is particularly advised for "Xuerong Convertible Bond" holders to convert within the deadline. Failure to do so may result in losses [1]

Core Viewpoint - The upcoming redemption and trading cessation of convertible bonds from Xue Rong, Ling Yi, and Jiu Zhou pose significant risks for investors who fail to act in time, potentially leading to substantial losses. Group 1: Trading and Redemption Dates - Xue Rong convertible bond will cease trading on October 9, with the last conversion date on October 14 [5][7] - Ling Yi convertible bond will stop trading on October 10, with the last conversion date on October 15 [7][10] - Jiu Zhou convertible bond will also stop trading on October 10, with the last conversion date on October 15 [10][11] Group 2: Current Prices and Potential Losses - As of September 30, the closing prices for Xue Rong, Ling Yi, and Jiu Zhou convertible bonds were 141.55 CNY, 176.82 CNY, and 124.11 CNY respectively [16] - If investors do not act, potential losses could exceed 28% for Xue Rong, 43% for Ling Yi, and 17% for Jiu Zhou [16] Group 3: Redemption Prices - Xue Rong convertible bond will be forcibly redeemed at 100.93 CNY per bond after the last trading day [7][10] - Ling Yi convertible bond will be forcibly redeemed at 100.181 CNY per bond after the last trading day [10][14] - Jiu Zhou convertible bond will be forcibly redeemed at 102.04 CNY per bond after the last trading day [10][13] Group 4: Investor Actions and Risks - Investors are advised to either sell their convertible bonds or convert them into shares before the deadlines to avoid losses [17] - The new regulations indicate that the last trading day will be marked with a "Z" to alert investors of the risks [17]

Core Viewpoint - Xuerong Biological announced a mandatory redemption of its convertible bonds at a price of 100.93 yuan per bond if they are not converted by October 14, 2025, highlighting a significant disparity between the market price and the redemption price, which may lead to substantial investment losses for bondholders [1] Summary by Relevant Sections - **Company Announcement** - Xuerong Biological has issued a notice regarding the mandatory redemption of its convertible bonds, referred to as "Xuerong Convertible Bonds" [1] - The redemption will occur if the bonds are not converted by the specified date, October 14, 2025 [1] - **Market Implications** - There is a notable difference between the current secondary market price of the bonds and the redemption price, which could result in large investment losses for holders if the bonds are forced to be redeemed [1] - The company has specifically warned bondholders to consider converting their bonds before the deadline to avoid potential losses [1]

Core Viewpoint - Xuerong Biological announced that the "Xuerong Convertible Bonds" will be forcibly redeemed if not converted by the close of trading on October 14, 2025, leading to their delisting from the Shenzhen Stock Exchange [1]. Summary by Relevant Sections - **Redemption Announcement** - The company has set a deadline for the conversion of "Xuerong Convertible Bonds" to avoid forced redemption [1]. - **Investor Advisory** - Bondholders are advised to convert their bonds before the deadline to prevent forced redemption, especially if their bonds are pledged or frozen [1].

Group 1 - The article discusses various convertible bonds, including strong redemption announcements and adjustments in terms of bond conditions [2][5] - Specific convertible bonds such as Jingxing Convertible Bond and Chunqiu Convertible Bond are subject to strong redemption, while Gongtong Convertible Bond will not undergo adjustments [5] - The article lists the current prices, redemption prices, last trading dates, and conversion values of several convertible bonds, indicating their market performance and potential investment opportunities [4][7] Group 2 - Shareholders of Zhongtian Rocket plan to reduce their holdings by no more than 3% of the company's shares, while Shennma Co. intends to repurchase shares worth 100 million to 200 million yuan [5] - The article highlights the upcoming subscription for Jin 25 Convertible Bond on September 26 [5] - It provides a detailed table of various convertible bonds, including their current prices, redemption prices, and market capitalization ratios, which can be useful for investors assessing their options [4][7]

Core Viewpoint - Xuerong Bio announced that the "Xuerong Convertible Bonds" will be forcibly redeemed at a price of 100.93 yuan per bond if not converted by October 14, 2025, highlighting a significant disparity between the market price and the redemption price, which may lead to substantial investment losses for bondholders [2] Summary by Relevant Sections - **Company Announcement** - Xuerong Bio has issued a notice regarding the forced redemption of its convertible bonds if they remain unconverted by the specified date [2] - **Market Implications** - The current secondary market price of the "Xuerong Convertible Bonds" is significantly lower than the redemption price, indicating potential financial risks for investors [2] - **Investor Advisory** - The company has specifically warned bondholders to pay attention to the conversion deadline to avoid large investment losses [2]

Core Points - Xuerong Bio announced that the "Xuerong Convertible Bonds" will be forcibly redeemed if not converted by the close of trading on October 14, 2025, after which the bonds will be delisted from the Shenzhen Stock Exchange [2] - Bondholders are advised to convert their bonds within the specified period and to resolve any pledges or freezes on their bonds before the conversion deadline to avoid forced redemption [2]

Group 1 - The core point of the announcement is that the company, Xuerong Biological, will forcibly redeem its convertible bonds ("Xuerong Convertible Bonds") if they are not converted by the close of trading on October 14, 2025, after which these bonds will be delisted from the Shenzhen Stock Exchange [2] - Bondholders are advised to convert their bonds within the specified period to avoid forced redemption [2] - It is recommended that bondholders with pledged or frozen "Xuerong Convertible Bonds"解除质押 or frozen status before the conversion deadline to prevent issues related to redemption [2]