Zhejiang Jingxing Paper Joint Stock recently stated during a specific research study that the convertible bonds of Jingxing have entered the final two years and will mature in 2026. Currently, there is still a significant amount of convertible bonds that have not been converted into shares. If the future stock price trend is not ideal and the willingness of bondholders to convert into shares is weak, there is indeed a possibility that the company's convertible bonds may not be fully converted into shares at maturity, which may require concentrated repayment. The company's overall asset-liability ratio is still relatively low, and the unused credit limit from banks is also quite large. The company's management is prepared financially for the possible convertible bond repayment issue that may arise.