Shandong Humon Smelting reports Q3 growth, redeems convertible bonds

Shandong Humon Smelting reported significant growth in its Q3 2025 earnings, with operating revenue increasing by 94.26% to 33.39bn yuan for the quarter, and net profit attributable to shareholders rising by 52.08% to 252.62m yuan. This performance follows previous adjustments to the convertible bond’s share conversion price, with the last change in June 2025 setting it at 11.19 yuan per share.

The company announced the early redemption of its "Humon Convertible Bonds," with trading ceasing on November 25, 2025, and the redemption registration date set for November 27, 2025. The redemption price is 100.28 yuan per bond (including current interest). This decision was triggered after the company's stock price met the callable conditions, remaining above 130% of the conversion price for at least 15 trading days within 30 consecutive trading days, starting September 9, 2025, and ending October 17, 2025.

In other news, Shandong Humon Smelting is entering into a lease financing agreement with Shenzhen Jiangtong Financial Leasing Co., a related party. The agreement, not exceeding 200m yuan for 24 months, will utilize existing production equipment for financing. An extraordinary general meeting is scheduled for November 12, 2025, to approve an increase in the company's 2025 comprehensive credit line with banks and other financial institutions.