Hangzhou Juheshun New Material Co Ltd

Juheshun released its 2026 interim report, with net profit attributable to the parent company of 63.001 million yuan, down 43.05% from the same period last year. Total operating revenue was 2.649 billion yuan, a year-on-year decrease of 12.58%. Net cash inflow from operating activities was 150 million yuan, up 30.59% year-on-year, marking a third consecutive year of growth. The company's latest asset-liability ratio was 62.43%, gross margin was 7.81%, ROE was 3.12%, and diluted earnings per share was 0.20 yuan.

Juheshun announced that its board of directors has decided to revise the conversion price of the Juhe convertible bond downward from 11.31 yuan per share to 8.85 yuan per share, with the revised conversion price taking effect from August 14, 2026. The convertible bond stopped conversion on August 13, 2026, and resumed conversion on August 14. The company's closing price on August 12 was 8.84 yuan per share. Previously, from July 7 to July 27, 2026, the company's stock had 15 trading days with closing prices below 80 percent of the then-current conversion price, triggering the downward revision clause. The proposal was approved at the company's third extraordinary shareholders' meeting of 2026 held on August 12. The Juhe convertible bond was issued in March 2022 with a size of 204 million yuan and a term of six years. Its initial conversion price was 14.63 yuan per share, and the conversion price has been adjusted multiple times since then due to equity distributions and the implementation of revision clauses.