Calculate increments. Convertible bonds are bonds that can be converted into stocks, which have the dual nature of bonds and stocks. For companies that issue convertible bonds, issuing convertible bonds can increase the company's capital, ease the company's financial pressure, and also increase the company's debt ratio. For major shareholders, subscribing for convertible bonds can increase their shareholding ratio in the company, thus increasing their control over the company and enjoying the potential benefits after the convertible bonds are converted into shares.