Shenzhen Gas sees minimal conversion of convertible bonds

As of September 30, 2025, Shenzhen Gas Group Co., Ltd.'s convertible bonds have seen RMB 86,000 converted into 11,258 company shares. This represents a mere 0.000391% of the total issued shares before the conversion. The conversion period for the bonds began on February 2, 2024, and is set to conclude on July 26, 2029.

During the third quarter of 2025, specifically from July 1 to September 30, RMB 6,000 of the bonds were converted, resulting in 810 new shares. This quarterly conversion accounts for an even smaller fraction, 0.000028%, of the pre-conversion total issued shares. The current conversion price for the bonds is RMB 7.40 per share.

The vast majority of the convertible bonds, valued at RMB 2,999,914,000, equivalent to 99.9971% of the total issuance, remain unconverted as of the reporting date. The total issued amount for the bonds was RMB 3,000,000,000 across 30,000,000 bonds.