Lingyi iTech forecasts strong Q3, announces convertible bond redemption

Lingyi iTech (Guangdong) Company projects a substantial increase in net profit for the first three quarters of 2025. The forecast indicates net profit attributable to shareholders ranging from 1.89 bn yuan to 2.12 bn yuan, a 34.10% to 50.42% year-on-year growth. For Q3 alone, net profit is expected to be between 960m yuan and 1.2 bn yuan, representing a 32.35% to 65.44% increase over the prior year. The company attributes this performance to the launch of new AI terminal products and increased production line utilization, alongside improved profitability from overseas factories.

Concurrently, Lingyi iTech announced the redemption of its "Lingyi Convertible Bonds," effective October 15, 2025. The final conversion day for the bonds will be October 14, 2025, with a redemption price of 100.181 yuan per bond (including accrued interest). Unconverted bonds after this date will be compulsorily redeemed. The redemption was triggered after the company's stock price consistently met the redemption conditions between August 19 and September 8, 2025.

The company advises bondholders to convert their bonds by October 14, 2025, to avoid potential losses as the redemption price may differ from market value. Trading of the convertible bonds will cease on October 10, 2025, and they will be delisted from the Shenzhen Stock Exchange following the redemption.