Aerospace Great Plan: Predicted loss of 1.03 billion in 2025, main body and debt credit ratings downgraded.

Aerospace Grand Plan announced that in 2022, the company will issue convertible corporate bonds in the amount of 1.009 billion yuan to unspecified investors, referred to as "Grand Plan Convertible Bonds", with a term of 6 years. The annual interest rate is 0.4% in the first year, increasing annually to 3% in the sixth year. The initial conversion price is 88.91 yuan per share, which has now been adjusted to 40.94 yuan per share. In 2026, the company disclosed its performance forecast for 2025, expecting a net loss of 1.03 billion yuan, a non-recurring loss of 1.08 billion yuan, and an estimated year-end net asset of -0.28 billion yuan. The company's stock may be subject to delisting risk warning. China Chengxin International downgraded the company's credit rating from BBB to BB+ and gave a negative outlook.