Core Viewpoint - The company is utilizing its own funds to pay for investment projects and will subsequently replace these funds with raised capital, ensuring efficient use of funds and smooth project implementation [1][6][7] Fundraising Overview - The company issued 16,229,100 shares at a par value of 1.00 RMB per share, raising a total of approximately 1.31 billion RMB after deducting issuance costs [1][2] - The total expected investment for the projects funded by the raised capital is approximately 434.36 million RMB [2][3] Investment Project Details - The company has established a dedicated account for the raised funds, which are fully stored in this account and are subject to a tripartite/four-party supervision agreement with the sponsor and the bank [2] - The net amount raised from the initial public offering is 1,308,998,865.06 RMB, with excess funds available for investment [3] Reasons for Using Own Funds - The company’s U.S. subsidiary, Bepharm Scientific Inc, initially paid for automation equipment costing 1.5 million USD due to delays in foreign investment filing [4][5] - Payments for salaries, bonuses, and other operational costs must be made from the company's basic deposit account, not from the raised funds account, to comply with banking regulations [4] - Frequent small payments for project-related expenses would complicate fund management if made directly from the raised funds account, thus necessitating the use of own funds initially [5] Operational Process for Fund Replacement - The company will submit payment requests for project-related expenses, initially using its own funds, and will replace these with raised funds within six months following the payment [6] - A detailed record will be maintained to ensure compliance with the investment project requirements [6] Impact on Daily Operations - The use of own funds followed by replacement with raised funds is expected to enhance the efficiency of fund utilization and project implementation without affecting the normal operation of investment projects [6][7] Review Procedures - The board of directors has approved the use of own funds for project expenses, ensuring compliance with relevant regulations and confirming that this does not alter the intended use of raised funds [6][7]

Overview - The article presents a series of quantitative research and investment strategies conducted by Guotai Junan Securities, focusing on asset allocation, market timing, and stock selection methodologies [2]. Group 1: Asset Allocation - The quantitative team discusses the applications of quantitative methods in asset allocation, emphasizing the transition from classic to innovative models [2]. Group 2: Market Timing - Various models for market timing are introduced, including sentiment factors based on price limits and profit effects, as well as gold timing strategies [2]. Group 3: Stock Selection - The article outlines new paradigms for stock investment, including how to outperform the CSI 300 index under new public fund regulations and the importance of understanding the corporate lifecycle [2].

Core Viewpoint - The company, Qingdao Hitech Moulds Technology Co., Ltd., is proceeding with the early redemption of its convertible bonds, "Haitai Convertible Bonds," following the necessary approvals and conditions being met [1][9]. Summary by Sections Convertible Bond Basic Information - The company issued 3,965,716 convertible bonds on June 27, 2023, with a total fundraising amount of RMB 396,571,600, net of issuance costs [1][2]. - The bonds were listed on the Shenzhen Stock Exchange on July 17, 2023, under the name "Haitai Convertible Bonds" and code "123200" [2]. - The conversion period for the bonds is from January 3, 2024, to June 26, 2029 [2]. Conversion Price Adjustment - The conversion price was adjusted from RMB 26.69 to RMB 26.43 per share, effective from May 29, 2024, due to the company's profit distribution plan [2]. - Further adjustments to the conversion price are scheduled for September 20, 2024, and June 20, 2025, reflecting the company's annual profit distribution [3]. Conditional Redemption Terms and Triggering Conditions - The company has the right to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 trading days within any 30-day period or if the remaining unconverted bonds are less than RMB 30 million [4]. - The bond's coupon rates are set to increase progressively from 0.50% in the first year to 3.00% in the sixth year [4]. Redemption Implementation Arrangements - The redemption price is set at RMB 100.260 per bond, which includes accrued interest calculated based on the bond's face value and interest rate [6]. - The redemption will be executed for all bondholders registered by the redemption date of September 29, 2025 [6][7]. Company’s Decision on Early Redemption - The company's board approved the early redemption of the "Haitai Convertible Bonds" on August 21, 2025, based on current market conditions [8][9]. Sponsor's Verification Opinion - The sponsor, Guotai Junan Securities, confirmed that the early redemption process complies with relevant regulations and has been duly approved by the company's board [9].

证券代码：301022 证券简称：海泰科债 （中国（上海）自由贸易试验区商城路 618 号） 二〇二五年八月 重要声明 本报告依据《可转换公司债券管理办法》（以下简称"《管理办法》"）《公 司债券受托管理人执业行为准则》《青岛海泰科模塑科技股份有限公司向不特定 对象发行可转换公司债券之债券受托管理协议》（以下简称"《受托管理协议》"） 《青岛海泰科模塑科技股份有限公司向不特定对象发行可转换公司债券募集说 明书》（以下简称"《募集说明书》"）等相关规定、公开信息披露文件以及青 岛海泰科模塑科技股份有限公司（以下简称"发行人"或"公司"）提供的相关 资料等，由本次债券受托管理人国泰海通证券股份有限公司（以下简称"国泰海 通"）编制。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为国泰海通所作的承诺 或声明。在任何情况下，投资者依据本报告所进行的任何作为或不作为，国泰海 通不承担任何责任。 债券代码：123200 债券简称：海泰转债 国泰海通证券股份有限公司 关于青岛海泰科模塑科技股份有限公司 向不特定对象发行可转换公司债券 债券受托管理人 ...

国泰海通证券股份有限公司 关于合肥泰禾智能科技集团股份有限公司 公司及子公司拟使用自有资金与银行等金融机构开展外汇套期保值业务，且 在任何时点开展外汇套期保值业务的余额均不超过 600 万美元，且动用的交易保 证金和权利金上限（包括为交易而提供的担保物价值、预计占用的金融机构授信 额度、为应急措施所预留的保证金等）占公司最近一期经审计净利润的 50%以下， 期限为自公司第五届董事会第十三次会议审议通过之日起 12 个月内，在前述额 度和期限范围内可循环滚动使用。 公司董事会授权管理层在前述额度和期限范围内负责外汇套期保值业务运 作和管理，并签署相关协议及文件。 （三）交易品种 交易品种包括但不限于远期结售汇、远期外汇、外汇掉期、外汇期权及其他 外汇衍生产品等。 （四）交易对手方 开展外汇套期保值业务的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为 合肥泰禾智能科技集团股份有限公司（以下简称"泰禾智能"或"公司"）持续 督导的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所股 票上市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等 相关规定，对泰禾 ...

国泰海通证券股份有限公司 关于峰岹科技（深圳）股份有限公司 开展外汇套期保值业务的核查意见 国泰海通证券股份有限公司（以下简称"保荐人"）作为峰岹科技（深圳）股 份有限公司（以下简称"公司"或"峰岹科技"）持续督导的保荐人，根据《证券发 行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》《上海证券 交易所科创板上市公司自律监管指引第 1 号——规范运作》《科创板上市公司持 续监管办法（试行）》等有关法律法规规定，对峰岹科技拟开展外汇套期保值业 务的事项进行了核查，具体核查情况如下： 一、 开展外汇套期保值业务的目的 随着公司国际化步伐进一步加快，外汇收支规模不断增长，同时受国际政治、 经济形势等因素影响，汇率和利率波动幅度不断加大，外汇风险显著增加。为防 范汇率大幅度波动对公司造成不利影响，提高外汇资金使用效率，公司及子公司 开展外汇套期保值业务，有利于控制汇率风险，减少汇兑损失，减少汇率波动对 公司业绩的影响。公司及子公司开展所有外汇套期保值业务均以正常业务经营为 基础，以规避和防范汇率风险为目的。 二、 外汇套期保值业务概述 公司及子公司的外汇套期保值业务只限于从事与公司生产经营所使用的主 要结 ...

Group 1 - The report does not constitute any investment advice regarding listed companies [1] - The sponsor institution advises investors to carefully read the company's audit reports, semi-annual reports, annual reports, and other information disclosure documents [1] Group 2 - Overview of the sponsorship work [1] - Issues identified by the sponsor and the measures taken [1] - Compliance status of company and shareholder commitments [1] - Other matters [1] - Additional explanations [1]

Group 1 - The report does not constitute any investment advice regarding listed companies [1] - Investors are reminded to carefully read the audit reports, semi-annual reports, annual reports, and other information disclosure documents of listed companies [1] Group 2 - Overview of sponsorship work [2] - Issues identified by the sponsor and measures taken [2] - Compliance status of commitments made by the company and shareholders [2] - Other matters [2] - Additional explanations [2]

Core Viewpoint - The Shanghai options market experienced significant trading activity in July, with a total trading volume of 115.51 million contracts, reflecting a month-on-month increase of 48.92% [1] Group 1: Market Performance - In July, the trading volume for the Shanghai options market reached 11550.66 million contracts, with notable increases in various ETFs: - SSE 50 ETF options: 29.40 million contracts, up 49.25% - CSI 300 ETF options: 29.43 million contracts, up 68.31% - CSI 500 ETF options: 32.35 million contracts, up 22.91% - Huaxia Sci-Tech 50 ETF options: 20.04 million contracts, up 81.23% - E Fund Sci-Tech 50 ETF options: 4.29 million contracts, up 42.75% [1] Group 2: Participant Data - As of July 2025, the total number of investor accounts in the Shanghai options market reached 705,868, with 4,323 new brokerage accounts added in July. A total of 91 securities firms and 34 futures companies have opened stock options brokerage business trading permissions [2] - The top three securities firms by trading volume in July were: - CITIC Securities: 5.08% market share - Guotai Junan Securities: 4.34% market share - Huabao Securities: 4.23% market share [2] Group 3: Wealth Management and Risk Management - The low interest rate environment has made standardized, high liquidity, and low-risk options increasingly popular among retail investors. The implementation of the Futures and Derivatives Law has provided a legal framework for the over-the-counter derivatives market, enhancing investor interest [2] - The main products in the over-the-counter derivatives business include OTC options and total return swaps, which serve both risk management and wealth management functions. OTC options can hedge market risks for various assets, while total return swaps help manage risks related to prices, interest rates, and exchange rates [3] Group 4: Market Opportunities - The over-the-counter derivatives market is poised for unprecedented growth opportunities due to the gradual improvement of regulatory frameworks and accelerated business innovations, highlighting its value in serving the risk management needs of the real economy and meeting diverse investment demands [4]

证券日报网讯 8月20日晚间，中英科技发布公告称，公司近日收到国泰海通证券股份有限公司（简 称"国泰海通"）出具的《关于更换常州中英科技股份有限公司持续督导保荐代表人的函》，由于原保荐 代表人陈城因工作变动，无法继续从事对公司的持续督导工作。为保证持续督导工作的有序进行，国泰 海通现委派保荐代表人张占聪接替陈城继续履行持续督导工作。 （编辑 姚尧） ...