证券代码：603733 证券简称：仙鹤股份 公告编号：2025-047 债券代码：113632 债券简称：鹤21转债 仙鹤股份有限公司 关于"鹤21转债"预计满足赎回条件的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、可转债发行上市概况 （一）可转债发行情况 经中国证券监督管理委员会《关于核准仙鹤股份有限公司公开发行可转换公司债券 的批复》（证监许可[2021]3200号）核准，仙鹤股份有限公司（以下简称"公司"）于 额为人民币20.50亿元，期限6年。票面利率为第一年0.3%、第二年0.5%、第三年1.0%、第 四年1.5%、第五年1.8%、第六年2.0%。 （二）可转债上市情况 经上海证券交易所自律监管决定书[2021]461号文同意，公司本次发行的20.50亿元可 转换公司债券于2021年12月9日起在上海证券交易所挂牌交易，债券简称"鹤21转债"， 债券代码"113632"。 （三）可转债转股价格调整情况 根据有关规定和《仙鹤股份有限公司公开发行可转换公司债券募集说明书》（以下 简称"《募集说明 ...

Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bond "He 21 Convertible Bond" due to the implementation of the 2024 annual equity distribution, lowering the conversion price from 19.49 CNY/share to 18.99 CNY/share, effective from July 10, 2025 [1][5]. Group 1: Bond Details - The bond code for "He 21 Convertible Bond" is 113632, and the bond was issued on November 17, 2021, with a total issuance of 205 million bonds, amounting to 2.05 billion CNY, and a maturity period of 6 years [1][2]. - The previous conversion price before adjustment was 19.49 CNY/share, and the new conversion price after adjustment is 18.99 CNY/share [1][5]. Group 2: Adjustment Rationale - The adjustment of the conversion price is based on the company's profit distribution plan, which includes a cash dividend of 0.50 CNY/share for shareholders [4][5]. - The adjustment formula for the conversion price is specified in the bond's prospectus, which accounts for various scenarios such as stock dividends, capital increases, and cash dividends [4][5]. Group 3: Trading Suspension - The securities will be suspended from trading from July 3, 2025, to July 9, 2025, during the equity distribution registration period, and trading will resume on July 10, 2025 [5].

Summary of Key Points Core Viewpoint The company has announced the results of the conversion of its convertible bonds, highlighting the low conversion rate and the significant amount of unconverted bonds remaining. Additionally, the company has signed an investment agreement for a new project focused on bamboo pulp and high-performance paper-based materials. Group 1: Convertible Bond Conversion Results - As of June 30, 2025, a total of RMB 108,000 of "He 21 Convertible Bonds" has been converted into company shares, amounting to 3,848 shares, which represents 0.00055% of the company's total shares before conversion [2][8] - The amount of unconverted "He 21 Convertible Bonds" as of June 30, 2025, is RMB 2,049,891,000, accounting for 99.9947% of the total issuance [2][8] - No bonds were converted during the quarter from April 1 to June 30, 2025, with a conversion amount of RMB 0 and 0 shares converted [2][8] Group 2: Convertible Bond Issuance Overview - The company issued 20.50 million convertible bonds on November 17, 2021, with a total value of RMB 2.05 billion and a maturity of six years [3][4] - The bonds were listed on the Shanghai Stock Exchange starting December 9, 2021, under the name "He 21 Convertible Bonds" [4] Group 3: Investment Project Overview - The company signed an investment agreement on June 30, 2025, for a bamboo pulp and high-performance paper-based materials project, with a total estimated investment of approximately RMB 11 billion, divided into two phases [12][14] - The first phase of the project will require an investment of about RMB 5.5 billion and aims to achieve an annual output value of approximately RMB 5.15 billion and create around 2,000 jobs [20][22] - The project will utilize local bamboo resources, aligning with the company's strategy to enhance its competitive edge in the high-performance paper materials market [21][22] Group 4: Market Positioning and Feasibility - The project is positioned to meet the growing demand for high-performance paper materials, driven by consumer trends and environmental awareness [21] - The company aims to leverage its technological advantages and local resources to enhance its product offerings and market competitiveness [21][22]

Group 1 - The core point of the announcement is that Xianhe Co., Ltd. will stop the conversion of its convertible bonds "He 21 Convertible Bonds" during the period of the 2024 annual equity distribution [1][2] - The company plans to distribute a cash dividend of RMB 0.50 per share (including tax) to all shareholders registered on the equity distribution record date, based on the total share capital as of that date [1][2] - The equity distribution plan was approved at the company's annual general meeting held on May 20, 2025, and further details were disclosed on May 21, 2025 [2] Group 2 - The company will announce the implementation of the equity distribution and the adjustment of the conversion price for the convertible bonds on July 4, 2025 [2] - The "He 21 Convertible Bonds" will stop conversion from July 3, 2025, until the equity distribution record date, and will resume conversion on the first trading day after the record date [2]

Group 1 - The company, Xianhe Co., Ltd., has issued convertible bonds totaling RMB 205 million, with a maturity of 6 years and a face value of RMB 100 per bond [3][4][12] - The bonds have a tiered interest rate structure, starting at 0.3% in the first year and increasing to 2.0% in the sixth year [4][5] - The initial conversion price for the bonds is set at RMB 39.09 per share, with provisions for adjustments based on various corporate actions [6][8] Group 2 - The company reported a sales volume of 1,222,900 tons in 2024, representing a year-on-year increase of 28.29% [14] - The total revenue for 2024 reached RMB 1,027,357.74 million, a 20.11% increase compared to the previous year [14] - The net profit attributable to shareholders was RMB 100,383.06 million, reflecting a 51.23% increase year-on-year [14] Group 3 - The company has a comprehensive production capacity exceeding 2 million tons annually, with a diverse product range across six major series [14] - The total assets of the company as of December 31, 2024, amounted to RMB 2,332,190.80 million, a 23.60% increase from the previous year [14] - The company maintains a debt-to-asset ratio of 65.11%, which has increased by 4.12% compared to the previous year [14]

Group 1 - The core viewpoint of the announcement is that the credit rating for Xianhe Co., Ltd. and its convertible bond "He 21" remains unchanged at "AA" with a stable outlook [1][2]. - The previous credit rating results indicated that the company's main credit rating was "AA" and the outlook was stable, which is consistent with the current rating [1][2]. - The tracking credit rating was conducted by China Chengxin International Credit Rating Co., Ltd., based on a comprehensive analysis of the company's operational, industry, and financial conditions [2]. Group 2 - The tracking rating report titled "Xianhe Co., Ltd. 2025 Annual Tracking Rating Report" was issued on June 23, 2025, confirming the company's credit rating and outlook [2]. - The previous rating was conducted on June 17, 2024, and the results have not changed since then [2].