Sunoren Solar: Convertible bonds trusteeship report for 2024 released

Zhejiang Sunoren Solar Technology (SSE:603105) has released its 2024 Trusteeship Report regarding its convertible bonds, with CMS serving as the trustee. The company issued CNY 880 million in convertible bonds in October 2023. As of December 31, 2024, the remaining balance of funds in the special account designated for proceeds totaled CNY 234.33 million. During 2024, the company invested CNY 223.09 million of the funds into project construction and debt repayment. The report highlights that the company's net assets attributable to shareholders reached CNY 2.19 billion in 2024, a 5.73% increase year-over-year. Revenue increased slightly by 0.39% to CNY 688.86 million. Basic earnings per share decreased by 11.36% to CNY 0.39. The convertible bonds' credit rating remains at AA-. The company paid interest on the bonds on October 28, 2024, at a rate of 0.30% per bond (CNY 0.30).