Shengyi Technology plans to sell all 1.62 million convertible bonds it holds in Lianrui New Materials at an opportune time. The company subscribed to these bonds on January 8, 2026, using its own funds at a price of 100 yuan per bond, for a total subscription amount of 162 million yuan, accounting for 23.26% of the total issuance of Lianrui New Materials convertible bonds. In the first quarter of 2026, Shengyi Technology achieved revenue of 8.141 billion yuan and net profit attributable to the parent company of 1.158 billion yuan.
Shengyi Technology Co LtdPlans to sell convertible bonds in Lianrui New Materials, but impact on Shengyi Technology's own financials is unclear.
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