国投资本股份有限公司可转债转股结果暨股份变动公告——投资者深度解读

主要内容综述

• 公司可转换债券自2021年2月1日至2026年3月31日期间，共计人民币867,000元转为公司A股股份，累计转股数量为87,472股，占转股前总股本的0.0031%。
• 截至2026年3月31日，尚未换股的可转债金额为人民币7,999,133,000元，占发行总量的99.9892%，绝大多数可转债尚未转股。
• 2025年12月31日至2026年3月31日期间，可转债有人民币18,000元转为A股股份，转换数量为1,909股。
• 当前转股价格为人民币9.42元/股。
• 公司于2024年12月24日完成回购股份31,339,011股并注销，转股价格未因回购注销发生变化。
• 本次转股后，公司总股本从6,393,983,737股增加至6,393,985,646股，仅增加1,909股。

对股东及投资者的重要影响

• 股本变动极小：本次转股仅新增1,909股，几乎不会对公司整体股本结构与每股收益产生重大影响。
• 绝大多数可转债未转股：99.9892%的可转债尚未转股，未来若有大规模转股，可能对流通股本和股价产生影响，但目前影响极为有限。
• 回购股份注销完成：公司于2024年12月24日完成回购注销31,339,011股，虽对总股本有调整，但转股价格未改变，对可转债持有人影响有限。
• 价格敏感信息：本公告未涉及大规模转股或重大股本变化，也未传递有关公司经营、业绩、分红等其他重大事项，因此对股价影响极小。

详细解读

国投资本股份有限公司于2020年7月24日公开发行了8,000万张可转换公司债券，总额80亿元，债券期限为6年，并于2020年8月20日在上海证券交易所挂牌交易。自2021年2月1日起，可转债可转换为公司A股股份，当前转股价格为9.42元/股。

截至2026年3月31日，累计只有867,000元可转债被转换为87,472股公司A股，比例极低。最近一个季度，仅有18,000元可转债转换为1,909股。公司总股本因此从6,393,983,737股增加至6,393,985,646股，仅增加1,909股。

此前，公司于2024年12月24日完成了回购并注销31,339,011股股份。此次回购注销并未导致转股价格调整，维持原有9.42元/股。

目前，除极少数可转债已转股外，绝大多数（99.9892%）尚未转股，未来是否有大规模转股将取决于市场环境及可转债持有人的选择。若未来可转债集中转股，将影响公司流通股本和股价，但现阶段影响微乎其微。

公司提示投资者，本公告仅为常规股份变动披露，未涉及公司经营、业绩、分红、重大资产重组等其他可能影响公司价值的事项。投资者可持续关注后续公告及公司经营情况。

联系方式

联系电话：010-83325163
电子邮箱：[email protected]
联系地址：北京市西城区阜成门北大街2号楼国投金融大厦
邮政编码：100034

免责声明

本文基于公司公告公开信息整理，仅供投资者参考，不构成任何投资建议。投资者应结合自身风险偏好及公司其他公开信息谨慎决策。

English Version

SDIC Capital Co., Ltd. Convertible Bonds Conversion Results and Share Change Announcement – Investor In-depth Analysis

Key Points Summary

• From February 1, 2021 to March 31, 2026, a total of RMB 867,000 in convertible bonds have been converted into 87,472 A-shares, representing only 0.0031% of the pre-conversion share capital.
• As of March 31, 2026, RMB 7,999,133,000 in convertible bonds remain unconverted, accounting for 99.9892% of the total issue. The vast majority has not been converted.
• Between December 31, 2025 and March 31, 2026, RMB 18,000 in convertible bonds were converted into 1,909 A-shares.
• The current conversion price is RMB 9.42 per share.
• On December 24, 2024, the company completed the buyback and cancellation of 31,339,011 shares. The conversion price remains unchanged after this operation.
• After this conversion, the total share capital increased from 6,393,983,737 shares to 6,393,985,646 shares, a negligible increase of only 1,909 shares.

Significance for Shareholders and Investors

• Minimal share capital change: The new conversion adds only 1,909 shares, with virtually no impact on overall share structure or EPS.
• Most convertible bonds remain unconverted: 99.9892% of the bonds are unconverted. If mass conversion happens in the future, it may affect free float and share price, but current impact is negligible.
• Share buyback and cancellation completed: The company bought back and cancelled 31,339,011 shares on December 24, 2024. The conversion price is unchanged; impact on bondholders is limited.
• Price-sensitive information: No mass conversion or significant share capital change, no other major matters like operations, earnings, or dividends disclosed. Immediate share price impact is minimal.

Detailed Interpretation

SDIC Capital Co., Ltd. issued 80 million convertible bonds totaling RMB 8 billion on July 24, 2020, with a six-year term. The bonds have been listed since August 20, 2020. Conversion into A-shares has been possible since February 1, 2021, at a price of RMB 9.42 per share.

As of March 31, 2026, only RMB 867,000 worth of bonds have been converted, totaling 87,472 shares. In the last quarter, only RMB 18,000 was converted, generating 1,909 shares. The company’s total share capital increased minimally from 6,393,983,737 to 6,393,985,646 shares.

On December 24, 2024, the company completed a buyback and cancellation of 31,339,011 shares. The conversion price for the bonds was unaffected by this move.

Currently, almost all convertible bonds remain unconverted—future mass conversions could affect the company’s free float and share price, but no such event has occurred so far.

The company reminds investors this is a routine disclosure on share changes, with no material information on business, earnings, dividends, or major restructuring. Investors should monitor future releases and company operations for any relevant developments.

Contact Information

Phone: 010-83325163
Email: [email protected]
Address: SDIC Financial Building, No. 2 Fuchengmen North Street, Xicheng District, Beijing
Postal Code: 100034

Disclaimer

This article is compiled based on public company disclosures and is for informational purposes only. It does not constitute investment advice. Investors should make decisions based on their own risk appetite and other public information.

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