Convertible bonds are bonds that bondholders can convert into common shares of the company at the agreed price at the time of issuance. This is equivalent to bondholders having additional rights. When the bondholder wants to continue to hold the bond until maturity or realization, he needs to return the creditor's principal and interest. When bondholders are optimistic about the development of the company, they can convert bonds into equivalent shares and invest in the company. Either way, the company has obtained financing, so it is good.