| 证券代码：600461 | 证券简称：洪城环境 | 公告编号：临 2025－036 | | --- | --- | --- | | 债券代码：110077 | 债券简称：洪城转债 | | 江西洪城环境股份有限公司 关于"洪城转债"转股结果暨股份变动公告 本公司董事会及全体董事保证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法律责任。 重要内容提示： ●累计转股情况：截至2025年6月30日，累计已有1,131,529,000元"洪城转债" 转换为公司股票，累计转股数为198,929,091股，占可转债转股前公司已发行股 份总额948,038,351股的20.9832%。 ●未转股可转债情况：截至2025年6月30日，尚未转股的可转债金额为 668,471,000元，占可转债发行总量的37.1373%。 ●本季度转股情况：本季度可转债转股金额为48,000元，因转股形成的股份数量 为8,987股。 一、可转债发行上市概况 经中国证券监督管理委员会证监许可〔2020〕2587号文核准，江西洪城环境 股份有限公司（以下简称"公司"）于2020年11月20日公开发行 ...

Investment Rating - The report maintains a "Positive" investment rating for the environmental protection and testing sector [9] Core Insights - As of June 28, 2025, there are 23 convertible bonds listed in the environmental protection and testing sector, with a total issuance scale of approximately 233.9 billion yuan and a latest balance of 192.0 billion yuan. The sector features several low-price and low-premium convertible bonds, suggesting potential investment opportunities driven by profitability and conversion [2][4][20] - The report recommends focusing on convertible bonds such as Wei 22, Wei 24, Green Power, Yingfeng, Hongcheng, Wangneng, and Guojian, highlighting their potential for price appreciation due to underlying stock performance [6][30] Summary by Sections Convertible Bonds Overview - The environmental protection and testing sector has 23 convertible bonds currently trading, with a total remaining scale of 192 billion yuan. Among these, 1 bond is from a central enterprise, 3 from local state-owned enterprises, and 19 from private enterprises [4][20] - There is 1 convertible bond currently in the issuance application stage, with a scale of 4.93 billion yuan from Shengjian Technology [24] Issued and Delisted Convertible Bonds - As of June 28, 2025, 21 convertible bonds have been delisted from the environmental protection and testing sector, with a total issuance scale of 152.9 billion yuan. Five bonds were delisted in 2024, with an average time to maturity of 1.08 years [5][26] Investment Strategy - The report emphasizes two main drivers for investment: profitability and conversion. Profitability can be enhanced through capacity expansion and exploring new growth avenues, which may lead to stock price increases and higher conversion values. If the premium rate of convertible bonds remains stable or decreases slightly, their prices are expected to rise [30][32] - Conversion may be driven by increased capital expenditures for new projects or weakened cash flow from existing projects, potentially leading to adjustments in conversion prices and indirectly boosting bond prices [30][32] Financial Projections - The report includes financial forecasts for several companies in the sector, indicating expected growth in net profits and corresponding price-to-earnings (PE) ratios for the years 2024 to 2027 [31]

Core Viewpoint - Jiangxi Hongcheng Environment Co., Ltd. announced a cash dividend of 0.464 yuan per share, with the distribution date set for July 4, 2025, following a profit distribution plan for the fiscal year 2024 [1][2]. Group 1: Trading Information - As of June 27, 2025, Hongcheng Environment's stock closed at 9.57 yuan, down 2.35%, with a turnover rate of 1.16% and a trading volume of 149,000 shares, amounting to a total transaction value of 144 million yuan [1]. - On June 27, 2025, the net capital flow for Hongcheng Environment was as follows: - Main funds net outflow of 28.48 million yuan, accounting for 19.75% of total transaction value - Speculative funds net inflow of 26.06 million yuan, accounting for 18.08% of total transaction value - Retail investors net inflow of 2.41 million yuan, accounting for 1.67% of total transaction value [1]. Group 2: Company Announcements - The annual equity distribution for 2024 will be implemented on July 4, 2025, with a cash dividend of 0.464 yuan per share [2]. - The conversion price for "Hongcheng Convertible Bonds" will be adjusted to 4.88 yuan per share starting July 4, 2025, with trading resuming on the same day [2]. - The adjustment of the conversion price is based on the profit distribution plan, where the previous conversion price was 5.34 yuan per share [2].

Group 1 - The stock price of Hongcheng Environment (600461) closed at 9.57 yuan on June 27, 2025, up 0.53% from the previous week [1] - The highest intraday price reached 9.87 yuan on June 27, while the lowest was 9.34 yuan on June 24 [1] - The current total market capitalization of Hongcheng Environment is 12.289 billion yuan, ranking 13th out of 105 in the environmental governance sector and 1304th out of 5151 in the A-share market [1] Group 2 - The company announced a cash dividend of 0.464 yuan per share, to be distributed on July 4, 2025 [3] - The record date for the dividend is July 3, 2025, with the ex-dividend date and payment date both set for July 4, 2025 [3] - The total cash dividend distribution amounts to approximately 595.85 million yuan based on a total share capital of 1,284,155,178 shares [3] Group 3 - The conversion price for "Hongcheng Convertible Bonds" has been adjusted from 5.34 yuan to 4.88 yuan, effective from July 4, 2025 [3] - The bonds will be suspended from conversion from June 26, 2025, to July 3, 2025, and will resume conversion on July 4, 2025 [3]

Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds, "Hongcheng Convertible Bonds," reducing it from 5.34 CNY per share to 4.88 CNY per share, effective from July 4, 2025 [1][5]. Group 1: Convertible Bond Details - The initial conversion price was set at 5.34 CNY per share, which has now been adjusted to 4.88 CNY per share [1][5]. - The adjustment is based on the company's 2024 profit distribution plan, which includes a cash dividend of 0.464 CNY per share [3][5]. - The "Hongcheng Convertible Bonds" were issued on November 20, 2020, with a total amount of 1.8 billion CNY [1][4]. Group 2: Adjustment Basis and Formula - The adjustment of the conversion price is in accordance with the terms outlined in the bond issuance prospectus, which allows for price adjustments in the event of cash dividends or changes in share capital [4][5]. - The formula used for the adjustment is P1 = P0 - D, where P0 is the previous conversion price and D is the cash dividend per share [5]. - The conversion rights will be suspended from June 26, 2025, to July 3, 2025, and will resume on July 4, 2025, the ex-dividend date [5].

证券代码：600461 证券简称：洪城环境 公告编号：2025-035 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | | | | | 期间 | | | | 110077 | 洪城转债 | 可转债转股复牌 | | | 2025/7/3 | 2025/7/4 | 一、可转债基本情况 经中国证券监督管理委员会证监许可[2020]2587 号文核准，江西洪城环境股 份有限公司（以下简称"公司"）于 2020 年 11 月 20 日公开发行了 18 亿元可转 换公司债券，并于 2020 年 12 月 17 日在上海证券交易所上市交易（债券简称"洪 城转债"，转债代码"110077"）。"洪城转债"存续的起止日期自 2020 年 11 月 20 日至 2026 年 11 月 19 日止，转股的起止日期自 2021 年 5 月 26 日至 2026 年 11 月 19 日止，初始转股价格为 7.13 元/股，具体详见公司 2020 年 12 月 15 日披 露的《江西洪城水业股 ...

2024年年度权益分派实施公告 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法律责任。 重要内容提示： 证券代码：600461 证券简称：洪城环境 公告编号：2025-034 江西洪城环境股份有限公司 每股分配比例 A 股每股现金红利0.464元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/7/3 | － | 2025/7/4 | 2025/7/4 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 7 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 2. 自行发放对象 南昌水业集团有限责任公司、南昌市政公用集团有限公司。 3. 扣税说明 分配方案： 本次利润分配以方案实施前的公司总股本1, ...

Core Viewpoint - Jiangxi Hongcheng Environment Co., Ltd. is implementing a cash dividend distribution plan for the year 2024, which includes a suspension of convertible bond conversion during the rights distribution period [2][3]. Group 1: Dividend Distribution Plan - The company plans to distribute a cash dividend of 4.64 yuan (including tax) for every 10 shares, totaling approximately 595.84 million yuan (including tax) based on a total share capital of 1,284,146,191 shares [2]. - The cash dividend payout ratio for the year is 50.07% [2]. Group 2: Convertible Bond Conversion Suspension - The convertible bonds ("Hongcheng Convertible Bonds") will be suspended from conversion from June 26, 2025, until the rights registration date, with trading resuming on the first trading day after the rights registration [3]. - Holders of convertible bonds wishing to enjoy the rights distribution must convert their bonds by June 25, 2025 [3]. Group 3: Additional Information - For further inquiries, the company has provided contact details for the board office, including a phone number and address [4].

证券代码：600461 证券简称：洪城环境 公告编号：2025-033 江西洪城环境股份有限公司 江西洪城环境股份有限公司（以下简称"公司"）于 2025 年 5 月 7 日召开了 2024 年年度股东大会，会议审议通过《江西洪城环境股份有限公司 2024 年利润分 配方案》：公司拟向全体股东每 10 股派发现金红利 4.64 元（含税），以公司总股 本 1,284,146,191 股，以此计算合计拟派发现金红利 595,843,832.62 元（含税）， 本年度公司现金分红比例为 50.07%。鉴于公司可转债已进入转股期，在实施权益 分派股权登记日前，因可转债转股致使公司总股本发生变动的，公司按照维持每 股分配比例不变原则，相应调整分配总额，具体内容详见公司于 2025 年 5 月 8 日 在上海证券交易所网站披露的《江西洪城环境股份有限公司 2024 年年度股东大会 决议公告》（公告编号：2025-024）。 二、本次权益分派方案实施时转股连续停牌的安排 公司将于 2025 年 6 月 27 日在上海证券交易所网站及《上海证券报》《中国 证券报》上发布相关的权益分派实施公告和可转债转股价格调整公告。 自 ...

| 证券代码：600461 | 证券简称：洪城环境 公告编号：2025-032 | | --- | --- | | 债券代码：110077 | 债券简称：洪城转债 | 江西洪城环境股份有限公司 董事、高级管理人员减持股份结果公告 本公司董事会、全体董事及相关股东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法律责任。 重要内容提示： 董事、高级管理人员持股的基本情况 本次减持股份计划实施前，江西洪城环境股份有限公司（以下简称"公司"） 董事长、总经理邵涛先生持有公司股份 570,000 股，占公司总股本的 0.0444%； 副总经理、董事会秘书邓勋元先生持有公司股份 355,000 股，占公司总股本的 0.0276%；副总经理涂剑成先生持有公司股份 355,000 股，占公司总股本的 0.0276%；副总经理李宽先生持有公司股份 300,000 股，占公司总股本的 0.0234%。 因公司发行的"洪城转债"自 2021 年 5 月 26 日起可转换为公司股份，转股 期间为 2021 年 5 月 26 日至 2026 年 11 月 19 日。本公告所述总股本为 ...