Core Viewpoint - Company performance meets expectations with a stable dividend policy, indicating resilience despite a slight decline in net profit [1][3] Financial Performance - In 2024, the company achieved revenue of 13.571 billion, a year-on-year increase of 17.68%, while net profit attributable to shareholders was 2.983 billion, a decrease of 3.76% [1] - In Q4 2024, revenue was 3.473 billion, a quarter-on-quarter decrease of 0.89% but a year-on-year increase of 29.68%; net profit for the same period was 788 million, a quarter-on-quarter increase of 14.49% and a year-on-year increase of 3.32% [1] Margin and Cost Structure - Q4 2024 molybdenum concentrate price decreased by 0.70% quarter-on-quarter but increased by 18.27% year-on-year to 3,676 per ton; the gross margin improved due to increased sales of self-produced ore [2] - The company maintained high R&D investment, with R&D expenses in Q4 2024 increasing by 93.83% quarter-on-quarter to 157 million, representing 4.52% of revenue [2] Dividend Policy - The company plans to distribute a cash dividend of 4 per 10 shares, totaling 1.29 billion, with a payout ratio of 43%, an increase of 1.63 percentage points year-on-year; the dividend yield is estimated at 3.98% [3] Market Outlook - The company is optimistic about the rising molybdenum prices, expecting improved performance due to industry supply optimization and cost reductions; the current stable operation of its mines positions the company to benefit from price increases [3] Earnings Forecast - Revenue projections for 2025-2027 are 14.3 billion, 15.6 billion, and 18.3 billion, with net profits expected to be 3.2 billion, 3.5 billion, and 3.8 billion respectively; corresponding EPS estimates are 0.98, 1.07, and 1.19, with PE ratios of 11, 10, and 9 [4]

（三）信息披露 现场检查手段： （3）查阅投资者交流的记录材料，查阅深交所互动易网站。 息披露管理制度的相关规定 （四）保护公司利益不受侵害长效机制的建立和执行情况 现场检查手段： （1）查阅公司内部控制制度、关联交易管理制度、对外担保管理制度等相关规定； 国金证券股份有限公司 关于武汉光庭信息技术股份有限公司 保荐机构名称：国金证券股份有限公司 被保荐公司简称：光庭信息 保荐代表人姓名：王展翔 联系电话：021-68826801 保荐代表人姓名：赵简明 联系电话：021-68826801 现场检查人员姓名：王展翔 现场检查对应期间：2024 年 7 月至 2024 年 12 月 现场检查时间：2025 年 3 月 19 日-20 日 一、现场检查事项 现场检查意见 （一）公司治理 是 否 不适用 现场检查手段： （1）查阅公司章程及各项规章制度； （2）查阅"三会"文件，包括会议通知、签到表、会议决议、会议记录、公告等； （3）实地查看公司主要生产经营场所，了解公司治理及独立性情况； （4）查阅公司股东名册； （5）网络查询控股股东对外投资企业的工商信息等； （6）查阅公司信息披露文件。 √ 容等要件是否齐 ...

国金证券股份有限公司 关于宁波恒帅股份有限公司首次公开发行 股票并在创业板上市持续督导之保荐总结报告书 国金证券股份有限公司（以下简称"国金证券"或"保荐机构"）作为宁波恒帅 股份有限公司（以下简称"恒帅股份"、"公司"或"发行人"）首次公开发行股票并 在创业板上市的保荐机构，负责恒帅股份上市后的持续督导工作，持续督导期至 期限己满，根据《证券发行上市保荐业务管理办法》、 票上市规则》及《深圳证券交易所上市公司自律监管指引第 13 号—保荐业务》 等有关规定，保荐机构出具本保荐总结报告书。 一、保荐机构基本情况 三、保荐工作概述 （一）尽调推荐阶段 保荐机构遵守法律、法规及中国证监会、深圳证券交易所的有关规定，对发 行人进行尽职调查，组织编制申请文件并出具推荐文件。提交推荐文件后，积极 配合中国证监会、深圳证券交易所的审核，组织发行人及其他中介机构对中国证 监会、深圳证券交易所的反馈意见进行答复，并与中国证监会、深圳证券交易所 进行专业沟通。取得发行核准文件后，按照深圳证券交易所上市规则的要求向其 提交推荐首次公开发行股票发行上市所要求的相关文件。 （二）持续督导阶段 《深圳证券交易所创业板股 六、对证券服务 ...

国金证券股份有限公司 关于杭州雷迪克节能科技股份有限公司 使用部分暂时闲置募集资金进行现金管理的核查意见 国金证券股份有限公司（以下简称"国金证券"、"保荐机构"）作为杭州雷迪 克节能科技股份有限公司（以下简称"雷迪克"、"公司"）创业板公开发行可转换 公司债券的保荐机构，根据《证券发行上市保荐业务管理办法》《深圳证券交易 所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号—创业 板上市公司规范运作》及《上市公司监管指引第 2 号—上市公司募集资金管理和 使用的监管要求》等有关法律法规的规定，经审慎核查，对公司使用部分暂时闲 置募集资金进行现金管理事项发表核查意见如下： 一、公司募集资金基本情况 经中国证券监督管理委员会证监许可20192986 号《关于核准杭州雷迪克节 能科技股份有限公司公开发行可转换公司债券的批复》的核准，同意杭州雷迪克 节能科技股份有限公司发行面值总额 28,850 万元的可转换公司债券，每张可转 债面值为人民币 100 元，按面值发行，期限 6 年。公司本次公开发行 A 股可转 换公司债券募集资金共计人民币 28,850.00 元，扣除相关承销费和保荐费人民币 税进项 ...

Summary of Key Points Core Viewpoint The report outlines the fundraising activities and management practices of Jiangxi Naipu Mining Machinery Co., Ltd. (Naipu Mining) for the years 2020 to 2024, detailing the amounts raised, their usage, and compliance with regulatory requirements. Fundraising Overview - In 2020, Naipu Mining raised a total of RMB 37,000,000 by issuing 17.5 million shares at RMB 21.14 each, with all funds confirmed by an audit report [1][2]. - In 2021, the company issued 4 million convertible bonds with a total face value of RMB 400 million, netting RMB 392.7 million after deducting issuance costs [2][3]. Fund Usage - By December 31, 2024, Naipu Mining had invested a total of RMB 337,008,052.44 in fundraising projects, with RMB 1,545,721.24 remaining from the 2020 fundraising [2][3]. - For the 2021 convertible bond issuance, a total of RMB 348,425,049.86 was invested by the end of 2024, with RMB 44,277,478.84 remaining [3][10]. Fund Management Practices - The company established a fundraising management method in compliance with relevant laws and regulations, ensuring strict approval processes for fund usage [5][6]. - Naipu Mining opened dedicated bank accounts for fundraising and signed tripartite supervision agreements to ensure funds are used appropriately [5][12]. Changes in Fund Usage - Due to the overall relocation of the company, the original project "Technology Upgrade of Mining Equipment and Rubber Spare Parts" was terminated, and funds were redirected to the "Overall Relocation and Technology Upgrade Project" [6][18]. - In 2022, part of the funds originally allocated for the "Composite Lining Technology Upgrade and Intelligent Transformation Project" was repurposed for the "Annual Production of 4,000 Tons of Mining Wear Parts Project" in Chile [13][18]. Compliance and Audit - The report confirms that Naipu Mining has complied with all relevant regulations regarding the management and usage of fundraising, with no significant discrepancies noted in the disclosures [10][18]. - The sponsor, Guojin Securities, conducted thorough checks on the fund management and usage, confirming adherence to legal requirements [10][18].

? 债权登记日：2025 年 4 月 9 日 ? 本息兑付日：2025 年 4 月 10 日 ? 债券摘牌日：2025 年 4 月 10 日 证券代码：600109 证券简称：国金证券 公告编号：临2025-14 债券代码：115192 债券简称：23 国金 02 国金证券股份有限公司 (品种一)2025 年本息兑付及摘牌公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 国金证券股份有限公司 2023 年面向专业投资者公开发行公司债 券(第二期)(品种一)（以下简称"本期债券" ），将于 2025 年 4 月 10 日开始支付自 2024 年 4 月 10 日至 2025 年 4 月 9 日期间的最后一个 年度利息和本期债券本金。为保证还本付息工作的顺利进行，现将有 关事宜公告如下： 一、本期债券的基本情况 （一）债券名称：国金证券股份有限公司 2023 年面向专业投资 者公开发行公司债券(第二期)(品种一) （二）债券简称：23 国金 02 （三）债券代码：115192.SH （四）发行人：国金证券 ...

| | | 国金证券股份有限公司 2023 年面向专业投资者公开发行公司债券(第二期) (品种一)2025 年本息兑付及摘牌公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 国金证券股份有限公司 2023 年面向专业投资者公开发行公司债 券(第二期)(品种一)（以下简称"本期债券"），将于 2025 年 4 月 10 日开始支付自 2024 年 4 月 10 日至 2025 年 4 月 9 日期间的最后一个 年度利息和本期债券本金。为保证还本付息工作的顺利进行，现将有 关事宜公告如下： 一、本期债券的基本情况 （一）债券名称：国金证券股份有限公司 2023 年面向专业投资 者公开发行公司债券(第二期)(品种一) （二）债券简称：23 国金 02 债权登记日：2025 年 4 月 9 日 本息兑付日：2025 年 4 月 10 日 债券摘牌日：2025 年 4 月 10 日 （三）债券代码：115192.SH （四）发行人：国金证券股份有限公司 （五）发行总额：15 亿元 （六）债券期限：3 年 （七） ...

根据《氢能产业发展中长期规划(2021-2035年)》，到2025年燃料电池汽车保有量不低于5万辆，示范城 市群规划目标约为3.3万辆。截至2025年2月，氢车保有量约为2.8万辆，相较2025年规划目标完成率为 55%，五大示范城市群共推广约1.6万辆，完成率不及50%，目前仅北京和上海城市群按既定规划完成目 标。陕西吕梁、河南濮阳、新疆哈密三地加入燃料电池汽车示范城市群，释放出了政策的延续性信号， 叠加五部门《关于批复有关城市群燃料电池汽车示范应用调整实施方案的通知》的支持，无疑为行业注 入强心剂。参考2009年~2012年的"十城千辆"末期1年填补60%缺口的经验，叠加北京、上海等先行城市 追赶目标，全年销量有望突破1万辆、保有量达4~4.5万辆。 地方财政撬动市场信心，氢能基建与场景闭环提速 国金证券发布研报称，燃料电池汽车示范城市群再迎新成员，三市加入氢车示范城市群。3月中下旬， 陕西吕梁、河南濮阳、新疆哈密三地陆续发布其将加入燃料电池汽车示范城市群的信息。十四五结算时 点降至，政策不断加码，重视燃料电池零部件企业机会。根据规划，2025年燃料电池汽车存在约2.2万 辆缺口，在氢能示范高速建设打开应 ...

Fundraising Overview - The total amount raised by the company through its initial public offering (IPO) was RMB 994.58 million, with a net amount of RMB 897.30 million after deducting issuance costs [1] - The funds were fully received on March 23, 2020, and were managed in a dedicated account as per regulatory requirements [1] Investment Projects - The raised funds are primarily allocated for three projects: "Internet Content Service Platform Upgrade," "Big Data Service Platform Upgrade," and "R&D Center Upgrade" [2] - As of December 31, 2024, a total of RMB 307.47 million has been invested out of the committed RMB 461.33 million for these projects [3] Loan to Subsidiaries - The company plans to provide interest-free loans to its wholly-owned subsidiaries: up to RMB 25 million to "智算（宿迁）" and up to RMB 70 million to "北京开普" for the "Big Data Service Platform Upgrade" project [4][5] - The loans are intended for equipment purchases and development costs, with a repayment period until the completion of the fundraising investment project [4][5] Financial Impact - The provision of loans to subsidiaries is expected to facilitate the smooth implementation of the fundraising projects and aligns with the company's business development direction [6][8] - The company maintains control over the subsidiaries during the loan period, ensuring manageable financial risks [6] Regulatory Compliance - The loan arrangement has been approved by the company's board and the supervisory board, confirming adherence to relevant regulations [7][8] - The fundraising management will follow strict regulatory guidelines to protect the rights of minority investors [6][8]

Summary of Key Points Core Viewpoint The report provides a detailed account of the fundraising activities and the management of funds by Kaipu Cloud Information Technology Co., Ltd. It highlights the total amount raised, the usage of funds, and compliance with regulatory requirements. Fundraising Overview - The total amount raised through the initial public offering (IPO) was RMB 994.5819 million, with 16.78336 million shares issued at a price of RMB 59.26 per share [1]. - As of December 31, 2024, the remaining balance of the raised funds was RMB 160.0964 million, including cash management income and net bank deposit interest [1][2]. Fund Usage and Management - A total of RMB 30.5618 million was used for investment projects during the reporting period [1]. - The company has established a strict management system for the raised funds, ensuring they are stored in dedicated accounts and used according to regulatory requirements [1][2]. - The company signed tripartite supervision agreements with financial institutions to ensure proper management of the raised funds [1]. Cash Management of Idle Funds - The company has been authorized to use up to RMB 600 million of temporarily idle funds for cash management, ensuring that this does not affect the normal investment plans [2][4]. - The total amount involved in cash management during the reporting period was RMB 809 million, with a balance of RMB 155 million remaining at the end of the period [3]. Use of Over-raised Funds - The company has decided to use part of the over-raised funds, amounting to RMB 116.7819 million, to permanently supplement working capital [5]. - The use of over-raised funds for working capital was approved by the board and independent directors, ensuring compliance with regulations [5][6]. Project Implementation and Adjustments - The company has made adjustments to the internal structure of certain investment projects to enhance efficiency and align with market changes [8][9]. - The completion dates for some projects have been extended to March 2025, reflecting the need for additional time to meet project goals [10][14]. Compliance and Verification - The company has adhered to all relevant regulations regarding the management and use of raised funds, with no violations reported [11][12]. - The verification report from the accounting firm confirms that the management of the raised funds aligns with regulatory requirements and accurately reflects the company's financial activities [11][12].