Group 1 - The company Sichuan Dongcai Technology Group Co., Ltd. announced the redemption and delisting of "Dongcai Convertible Bonds" [1] - The conditional redemption clause is triggered if the company's stock closing price remains above 130% of the current conversion price for 15 trading days from July 18 to August 7, 2025 [1] - The redemption price is set at 100.8055 yuan per bond, with the redemption payment date scheduled for September 8 [1] Group 2 - The last trading day for "Dongcai Convertible Bonds" is September 2, and the last conversion day is September 5 [1] - Investors who do not convert or sell within the specified period may face significant losses due to forced redemption [1]

| 证券代码：601208 | 证券简称：东材科技 | 公告编号：2025-069 | | --- | --- | --- | | 转债代码：113064 | 转债简称：东材转债 | | 四川东材科技集团股份有限公司 关于实施"东材转债"赎回暨摘牌的第四次提示性公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 截至 2025 年 8 月 20 日收市后，距离 2025 年 9 月 2 日（"东材转债"最后 交易日）仅剩 9 个交易日，2025 年 9 月 2 日为"东材转债"最后一个交易日。 特提醒"东材转债"持有人注意在限期内转股或卖出。 自 2025 年 7 月 18 日至 2025 年 8 月 7 日，四川东材科技集团股份有限公司 （以下简称"公司"或"本公司"）股票已有 15 个交易日的收盘价格不低于"东 材转债"当期转股价格的 130%（即 14.99 元/股）。根据《四川东材科技集团股 赎回登记日：2025 年 9 月 5 日 赎回价格：100.8055 元/张 赎回款发放日：2025 年 9 月 8 日 最后交易日 ...

证券代码：601208 证券简称：东材科技 公告编号：2025-068 转债代码：113064 转债简称：东材转债 四川东材科技集团股份有限公司 关于实施"东材转债"赎回暨摘牌的第三次提示性公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者重大遗漏，并对其内容的真 实、准确和完整承担个别及连带责任。 重要内容提示 截至2025年8月19日收市后，距离2025年9月2日（"东材转债"最后交易日）仅剩10个交易日，2025年9月 2日为"东材转债"最后一个交易日。 截至2025年8月19日收市后，距离2025年9月5日（"东材转债"最后转股日）仅剩13个交易日，2025年9月 5日为"东材转债"最后一个转股日。 ● 本次提前赎回完成后，东材转债将自2025年9月8日起在上海证券交易所摘牌。 ● 投资者所持可转债除在规定时限内通过二级市场继续交易或按照11.53元的转股价格进行转股外，仅 能选择以100元/张的票面价格加当期应计利息（即100.8055元）被强制赎回。若被强制赎回，可能面临 较大投资损失。 ● 最后转股日：2025年9月5日 ● 特提醒"东材转债"持有人注意在限期内转股或卖出。 ...

证券日报网讯 8月19日晚间，东材科技发布公告称，截至2025年8月19日收市后，距离2025年9月2日 （"东材转债"最后交易日）仅剩10个交易日，2025年9月2日为"东材转债"最后一个交易日。截至2025年 8月19日收市后，距离2025年9月5日（"东材转债"最后转股日）仅剩13个交易日，2025年9月5日为"东材 转债"最后一个转股日。特提醒"东材转债"持有人注意在限期内转股或卖出。 （编辑 楚丽君） ...

截至 2025 年 8 月 19 日收市后，距离 2025 年 9 月 2 日（"东材转债"最后 交易日）仅剩 10 个交易日，2025 年 9 月 2 日为"东材转债"最后一个交易日。 | 证券代码：601208 | 证券简称：东材科技 | 公告编号：2025-068 | | --- | --- | --- | | 转债代码：113064 | 转债简称：东材转债 | | 四川东材科技集团股份有限公司 关于实施"东材转债"赎回暨摘牌的第三次提示性公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 最后转股日：2025 年 9 月 5 日 截至 2025 年 8 月 19 日收市后，距离 2025 年 9 月 5 日（"东材转债"最后 转股日）仅剩 13 个交易日，2025 年 9 月 5 日为"东材转债"最后一个转股日。 现根据《上市公司证券发行管理办法》、《可转换公司债券管理办法》、《上海 证券交易所股票上市规则》和《募集说明书》有关条款，就赎回有关事项向全体 "东材转债"持有人公告如下： 一、赎回条款 根据公司《募集说明书》相 ...

Investment Rating - The report provides a standard investment rating for the chemical industry, indicating a positive outlook for specific sectors within the industry [5]. Core Insights - The report highlights the impact of the explosion at Kanto Denka's facility in Japan, which is expected to create opportunities for domestic electronic gas suppliers as Kanto Denka holds a 90% market share in nitrogen trifluoride production in Japan [6][13]. - The first World Humanoid Robot Games held in Beijing is seen as a catalyst for the robotics industry's development, showcasing technological innovation and attracting talent [6][14]. - The report emphasizes the structural optimization of supply in the chemical sector, suggesting a focus on sectors with significant elasticity and competitive advantages, such as organic silicon and membrane materials [6][15]. Industry Performance - The report notes that during the week of August 11 to August 15, 2025, the CSI 300 index rose by 2.37%, while the Shenwan Basic Chemical Index increased by 2.46%, outperforming the market slightly [6][18]. - The top-performing sub-sectors included modified plastics (up 12.29%) and fluorochemicals (up 5.81%), while the worst performers were civil explosives (down 3.02%) and compound fertilizers (down 1.81%) [6][19]. Price Trends - Key products that saw price increases included hydrochloric acid (up 15.38%) and propylene (up 4.00%), while notable declines were observed in butanone (down 7.16%) and liquid ammonia (down 5.89%) [6][26]. - The report tracks price differentials, with significant increases in the propylene-propane differential (up 33.47%) and decreases in the bisphenol A-phenol differential (down 26.57%) [6][28]. Investment Recommendations - The report suggests focusing on sectors that may benefit from supply-side reforms, particularly organic silicon, membrane materials, and dye sectors, with recommended companies including Hoshine Silicon Industry and Zhejiang Longsheng [6][15]. - It also highlights the growing demand for health additives and sugar substitutes driven by new consumer trends, recommending companies that emphasize technological and product differentiation [6][16][17].

Core Viewpoint - The announcement details the early redemption and delisting of the "Dongcai Convertible Bonds" (东材转债), with specific dates and conditions outlined for bondholders to take action before the final trading and conversion dates [1][4][14]. Redemption Details - The last trading day for the "Dongcai Convertible Bonds" is September 2, 2025, with only 11 trading days remaining as of August 18, 2025 [2][13]. - The last conversion day is September 5, 2025, with 14 trading days left as of August 18, 2025 [3][13]. - The bonds will be redeemed at a price of 100.8055 CNY per bond, which includes accrued interest [4][8]. Conditions for Redemption - The conditional redemption was triggered as the company's stock price was above 130% of the conversion price for 15 trading days from July 18 to August 7, 2025 [5][7]. - The redemption will apply to all bondholders registered by the redemption registration date of September 5, 2025 [6][7]. Financial Implications - The accrued interest for the bonds is calculated to be 0.8055 CNY per bond, leading to a total redemption price of 100.8055 CNY [9][8]. - The company will issue a notice regarding the redemption results and its impact on the company after the redemption process is completed [11]. Tax Considerations - Individual investors are subject to a 20% tax on interest income, resulting in a net redemption amount of 100.6444 CNY per bond after tax [15]. - Non-resident investors may benefit from tax exemptions on interest income until December 31, 2025 [15]. Trading and Delisting - Following the redemption, the "Dongcai Convertible Bonds" will be delisted from the Shanghai Stock Exchange starting September 8, 2025 [14][10]. - Investors are advised to convert or sell their bonds before the final trading day to avoid forced redemption [16][17].

证券代码：601208 证券简称：东材科技 公告编号：2025-067 转债代码：113064 转债简称：东材转债 四川东材科技集团股份有限公司 关于实施"东材转债"赎回暨摘牌的第二次提示性公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 ? 赎回登记日：2025 年 9 月 5 日 ? 赎回价格：100.8055 元/张 ? 赎回款发放日：2025 年 9 月 8 日 ? 最后交易日：2025 年 9 月 2 日 现根据《上市公司证券发行管理办法》、 《可转换公司债券管理办法》、 《上海 证券交易所股票上市规则》和《募集说明书》有关条款，就赎回有关事项向全体 "东材转债"持有人公告如下： 一、赎回条款 截至 2025 年 8 月 18 日收市后，距离 2025 年 9 月 2 日（"东材转债"最后 交易日）仅剩 11 个交易日，2025 年 9 月 2 日为"东材转债"最后一个交易日。 ? 最后转股日：2025 年 9 月 5 日 截至 2025 年 8 月 18 日收市后，距离 2025 年 9 月 5 日（"东材转债"最后 ...

| 证券代码：601208 | 证券简称：东材科技 | 公告编号：2025-067 | | --- | --- | --- | | 转债代码：113064 | 转债简称：东材转债 | | 四川东材科技集团股份有限公司 关于实施"东材转债"赎回暨摘牌的第二次提示性公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 自 2025 年 7 月 18 日至 2025 年 8 月 7 日，四川东材科技集团股份有限公司 （以下简称"公司"或"本公司"）股票已有 15 个交易日的收盘价格不低于"东 材转债"当期转股价格的 130%（即 14.99 元/股）。根据《四川东材科技集团股 赎回登记日：2025 年 9 月 5 日 赎回价格：100.8055 元/张 赎回款发放日：2025 年 9 月 8 日 最后交易日：2025 年 9 月 2 日 份有限公司公开发行可转换公司债券募集说明书》（以下简称"《募集说明书》"） 中有条件赎回条款的相关约定，已触发"东材转债"有条件赎回条款。公司于 2025 年 8 月 7 日召开第六届董事会第十九次会议， ...

Investment Rating - The report maintains a positive outlook on the chemical industry, particularly focusing on heat dissipation materials and helium gas from Russia, as well as incidents affecting Zhongkun Chemical [3][4]. Core Insights - The macroeconomic judgment indicates that non-OPEC countries are expected to lead an increase in oil production, with a significant overall supply growth anticipated. Global GDP growth is projected at 2.8%, with stable oil demand despite some slowdown due to tariffs [3][4]. - The trend towards liquid cooling in AI servers is highlighted, with significant power requirements leading to increased demand for specialized cooling materials. The report suggests monitoring companies like Bayi Shikong, New Era, Dongyangguang, Yonghe Co., and Juhua Co. [3][4]. - Recent incidents affecting helium supply in Russia and a fire at Zhongkun Biotech are expected to positively impact the helium supply-demand balance, with recommendations to focus on companies like Guanggang Gas, Huate Gas, and Jinhong Gas [3][4]. Summary by Sections Industry Dynamics - Oil supply is expected to increase significantly, with non-OPEC countries leading the way. Global oil demand remains stable, but growth may slow due to tariff impacts. Coal prices are expected to stabilize at low levels, while natural gas export facilities in the U.S. may reduce import costs [4][5]. Chemical Sector Configuration - The report notes a decrease in oil prices and an increase in coal prices, with industrial product PPI showing a year-on-year decline of 3.6%. Manufacturing PMI recorded at 49.3%, indicating a slight contraction in manufacturing activity [3][5]. Investment Analysis - Traditional cyclical investments should focus on leading companies in their respective sectors, including Wanhu Chemical, Hualu Hengsheng, and Baofeng Energy. Growth sectors include semiconductor materials and OLED panel materials, with specific companies highlighted for their potential [3][4][17].