After the first convertible bond was successfully issued, why did the stock price of Youji Shares not rise but fall instead? Management responds.

Sichuan Youji Industrial Co., Ltd., a subsidiary of North Exchange Corporation, held a performance briefing for its 2025 annual report. Last year, Youji successfully issued its first targeted convertible bond on the North Exchange, raising a total of no more than 120 million yuan. The progress of the Youji convertible bond project and related topics have attracted the attention of investors. At the performance briefing, Chairman Luo Ji of Youji stated that the company will steadily promote the construction of the convertible bond investment project. Once completed, the project will effectively break through the production capacity bottleneck of high-end oil and gas valve products and high-end casting products, improve production efficiency and delivery capacity. It is expected that after the project goes into operation, production capacity and benefits will gradually be released, further enhancing the company's profitability and market competitiveness.