Anhui Zhongding's 1.92 Billion Yuan Convertible Bonds Listed on Shenzhen Stock Exchange

Gasgoo Munich- Gasgoo Embodied Intelligence has learned that on November 12, Anhui Zhongding (Anhui Zhongding Sealing Parts Co., Ltd., 000887.SZ) listed its "Anhui Zhongding Convertible 03" (127119) on the Shenzhen Stock Exchange. The company issued 19.2 million bonds with a face value of 100 yuan each and a six-year maturity, raising 1.92 billion yuan in total. On its debut, the bonds closed at 136.15 yuan — a 36.15% gain.

Image Source: Anhui Zhongding

The proceeds are earmarked for capacity expansion and R&D in robotics, thermal management, and intelligent chassis systems. Specifically, 732 million yuan will fund a core joint manufacturing project for intelligent robots, while 582 million yuan is allocated to smart thermal management system assemblies. Another 106 million yuan will go toward an R&D center for new energy vehicle chassis systems, with the remaining 500 million yuan bolstering working capital.

Once these projects reach full capacity, the company expects to add annual production of 150,000 harmonic reducers, 150,000 sensors, and 280,000 various robot joints. For thermal management products, capacity will increase by 15.004 million units for new energy vehicles, 11,200 units for energy storage systems, and 646,800 units for data centers.

In its automotive business, Anhui Zhongding is doubling down on its smart chassis strategy to drive intelligent upgrades, maintain steady growth in traditional operations, and accelerate new business lines. At the same time, the company is expanding into emerging fields such as data centers, humanoid robotics, the low-altitude economy, and AI applications. This allocation of convertible bond proceeds will underpin core capacity building and technological upgrades for these new ventures, further fueling the company's diversified growth engine.