0 1. Tongyu convertible bonds listed. On July 5th/kloc-0, Tongyu convertible bonds went public, and today the value of convertible bonds closed at110.1/yuan. The winning friend can add a bigger drumstick. The issuance scale of convertible bonds is 65.438+0.485 billion, and the online scale is 48.65438+0 billion, with AA grade and pre-tax interest of 2.74%. Tongyu Heavy Industry has a market value of over 654.38+0 billion yuan, and its main business is R&; Manufacture and sell large forgings, castings and structural parts. The company has become the largest MW wind power spindle manufacturer in China and the largest ductile iron pipe mould production base in Asia, with the concepts of photovoltaic, wind power and military industry. After so many years in the mall, I feel that I am almost full of food and clothing. The funds raised by Guangquan Equity reached 4.598 billion yuan, and the dividend was only 6.5438+0.166 billion yuan, and the dividend ratio was only 25%. In recent years, the company's performance has not increased much. The net profit of 202 1 also decreased by 25%, and now the PE-TTM is about 50 times. Judging from the forecast of brokerage institutions, it is still growing positively as always. This year's net profit is about 365 million, and the corresponding PE in 2022 is 32 times, which still feels expensive. The company has a heavy financial burden, with a debt ratio of 53.28%, interest-bearing liabilities of 5.38 billion and monetary funds of 65.438+0.58 billion. It is highly probable that the money will not be collected. I feel that the overall quality of the company is relatively general, the insurance premium rate is conservatively estimated at 20%~24%, and the estimated price range is 132 ~ 136 yuan. Yu convertible bonds are a kind of convertible bonds in GEM. It is very likely that the market will open at 130 yuan tomorrow, and then it will be suspended for three minutes until the transaction is closed. 02. Say goodbye to Hong Tao and enter Guiguang. First of all, big news. Last night, American inflation hit the chart again, and CPI rose by 9. 1% year-on-year, setting a new record in 40 years. Canada subsequently raised interest rates by 100 basis points, and the market predicted that the probability of the Fed raising interest rates by 100 basis points in July rose to 8 1.5%. Last night, the US stock market staged a drama of opening low and going high. At the moment when the data came out, American stock futures plummeted by 2%. Later, the market probably digested the news, and Biden also said that the data was outdated and did not reflect the recent decline in gasoline prices. Now that high inflation is superimposed on economic recession expectations, I dare not say that the trend of US stocks has bottomed out. Today, A shares feel little affected, and the influence of the domestic market on the external stock market has gradually become passive. Today's A shares are quite divided. When the market opened, the bank shares plummeted collectively. As the news of loan default intensifies, it is definitely bad news for banks and bad news for the whole real estate chain. Today, not only banks fell, but also real estate, building materials, household goods, household appliances and construction sectors all fell. The track is in full swing, and concepts such as lithium batteries, photovoltaics, energy storage and new energy vehicles take turns to dance. The profit-making effect of individual stocks is ok, with the median increase of 0.23% and the weighting index of A shares of 0.6%. The overall performance of the convertible bond market today is acceptable. Convertible bonds of CSI rose by 0.4 1%, and convertible bonds and other rights rose by 0.65%. Most of the high-priced convertible bonds are track convertible bonds, so the convertible bonds above 130 yuan are quite different from the low-priced convertible bonds. The demon debt that jumped yesterday continues to return and continues to return to the state of yin. The average premium rate of convertible bonds closed at 52.25%, and the percentage since 20 18 was 95.00%; The median price 123.872 yuan, and the percentage since 20 18 is 9 1.45%. 1. The board of directors of Blue Shield Convertible Bonds proposed the following repairs. This is very interesting. It is good for ordinary convertible bonds and bad for demon debt. As long as Blue Shield shares rise by 30% casually to meet the conditions of strong redemption, the premium rate will immediately GG. 2.7 18, the convertible bonds were purchased for the college entrance examination. The issuance scale of convertible bonds is 483 million yuan, rated as A+, with pre-tax interest of 2.27%, and the revised conditions are quite satisfactory (15/30.85%). Gaoce is a science and technology innovation board stock with a market value of about 20 billion yuan. The company is mainly engaged in the research and development, production and sales of cutting equipment and cutting consumables for high-hardness brittle materials. At present, the main suppliers of photovoltaic cutting equipment are Gaoce, CNC and Liancheng CNC, which occupy most of the market share. The company's share price has recently hit a new high, and its performance and share price are both Qi Fei. 202 1, net profit of 65438+73 million, an increase of 193%. The valuation is particularly expensive, and the PE-TTM is as high as 8 times. Brokerage agencies predict that the performance will continue to explode in recent years, and it is estimated that the net profit this year will be 464 million, a year-on-year increase of 268%. In the first quarter, the company's net profit was 96.8 million yuan, a record high in a single quarter. The average net profit in the next three quarters should be more than 654.38 billion yuan to reach the standard. The financial situation is relatively tight, with the debt ratio of 64.26%, interest-bearing liabilities of 967 million, monetary funds of 310.90 billion and accounts receivable of 81.10.00 billion. In recent two years, the cash flow is not very good, and the cash flow ratio and operating cash flow are relatively poor. ////////Today, the convertible bond account continued to return to blood slightly. I bid farewell to convertible bonds in Hong Tao, love rat. On the last day, I didn't give a little surprise and didn't want to invite me to dinner. On the whole, in the last three months, we have sold two times, both at around 1 15 yuan, and then got them back from 1 15 yuan. I made a little money, but it wasn't enough for a crayfish dinner. Finally, Hong Tao still has 200 million convertible bonds, which should greatly reduce the burden on the company. I don't know which living Lei Feng has been converting shares at a premium during this period. Three strategies were implemented today. The net value of high-interest strategy decreased by -0. 1 1%, the net value of low-price and low-scale strategy increased by +0.47%, and the net value of low-price and low-premium strategy increased by +0.27%. Operationally, the low premium strategy turned Hong Tao convertible bonds into Guiguang convertible bonds. The background color that was not on the list yesterday was yellow, with double low value = price+premium rate * 100%. Top 30 forms of low price and high quality: Top 30 forms of high interest rate:1Top 30 forms of low grade below 30 yuan: List of convertible bonds with strong redemption at maturity: This article is purely the author's personal opinion, for your reference only, and does not constitute investment advice. Please operate at your own risk!