Group 1 - The company announced a share buyback of 137,000 shares, which represents approximately 0.01% of its total share capital [2]

Core Viewpoint - Huanxu Electronics announced a share buyback plan, having repurchased approximately 860,000 shares, representing 0.04% of the total share capital, with a total expenditure of about 13.24 million yuan [1] Financial Performance - For the first half of 2025, the revenue composition of Huanxu Electronics is as follows: - Communication products: 32.58% - Consumer electronics: 30.8% - Industrial products: 13.57% - Computer and storage products: 10.76% - Automotive electronics: 9.86% [1] Market Capitalization - As of the report date, Huanxu Electronics has a market capitalization of 42.6 billion yuan [1]

Summary of Key Points Core Viewpoint - Huanxu Electronics (601231.SH) announced a share buyback program, indicating a strategic move to enhance shareholder value through repurchase of shares [1] Group 1: Share Buyback Details - In August 2025, the company repurchased a total of 137,000 shares through centralized bidding, representing approximately 0.01% of the total share capital, with a maximum purchase price of 19.18 CNY per share and a minimum of 18.80 CNY per share, totaling 2,612,125.00 CNY (excluding transaction fees) [1] - By the end of August 2025, the cumulative shares repurchased reached 859,500, accounting for 0.04% of the total share capital, with a maximum purchase price of 19.18 CNY per share and a minimum of 13.96 CNY per share, with a total expenditure of 13,241,302.00 CNY (excluding transaction fees) [1]

| 证券代码：601231 | 证券简称：环旭电子 | 公告编号：2025-078 | | --- | --- | --- | | 转债代码：113045 | 转债简称：环旭转债 | | 环旭电子股份有限公司 关于 2025 年 8 月股份回购进展的公告 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： | 回购方案首次披露日 | 2025/4/26 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 月 2025 4 4 | 25 | 日~2026 | 年 | 月 | 日 24 | | 预计回购金额 | 1.5亿元~3亿元 | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | | | 累计已回购股数 | □为维护公司价值及股东权益 859,500股 | | | | | | | 累计已回购股数占总股本比例 | 0.04% | | | | | | | ...

环旭电子股份有限公司 | 证券代码：601231 | 证券简称：环旭电子 公告编号：2025-079 | | --- | --- | | 转债代码：113045 | 转债简称：环旭转债 | 关于出售控股子公司的交易交割完成的公告 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。 一、关联交易概述 环旭电子股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日召开的第六 届董事会独立董事专门会议第三次会议、2025 年 4 月 25 日召开的审计委员会第 九次会议、第六届董事会第十八次会议审议通过了《关于拟出售控股子公司暨关 联交易的议案》，同意公司将间接持有的控股子公司环强电子股份有限公司（以下 简称"环强电子"或"标的公司"）全部 75.1%股权（以下简称"标的股权"）出 售给 Real Tech Holdings Limited（以下简称"Real Tech"或"交易对方"），标的 股权的转让价格为 49,783,000 美元，该价格以标的公司截至 2025 年 3 月 31 日的 净资产价值为基础确定。详见公司 ...

1. Report Industry Investment Rating There is no information provided in the report regarding the industry investment rating. 2. Core Viewpoints of the Report The report presents the top ten convertible bonds for September 2025, including detailed information on each bond such as credit rating, closing price at the end of August, conversion premium rate, and the financial and business conditions of the underlying companies, as well as their key attractions [13][23][35]. 3. Summary by Company 3.1 Zhongte Convertible Bond - **Bond Information**: AAA rating, August closing price of 114.493 yuan, conversion premium rate of 96.64%, and a positive stock PE - TTM of 12.68 [6][13]. - **Company Overview**: A global leader in specialized special - steel materials manufacturing, with a production capacity of about 20 million tons of special - steel materials per year. It has multiple production and raw material bases, forming a strategic layout along the coast and rivers [13]. - **Financial Data**: In 2024, its operating income was 109.203 billion yuan (YoY - 4.22%), net profit attributable to the parent was 5.126 billion yuan (YoY - 10.41%). In the first half of 2025, operating income was 54.715 billion yuan (YoY - 4.02%), and net profit attributable to the parent was 2.798 billion yuan (YoY + 2.67%) [13]. - **Company Highlights**: It is one of the world's most comprehensive special - steel enterprises in terms of variety and specifications, with leading market shares in core products. It has a complete industrial chain and strong cost - control capabilities. It also seeks external expansion opportunities [14]. 3.2 Shanlu Convertible Bond - **Bond Information**: AAA rating, August closing price of 117.2 yuan, conversion premium rate of 48.74%, and a positive stock PE - TTM of 4.02 [6][23]. - **Company Overview**: Mainly engaged in road and bridge engineering construction and maintenance, and is expanding into other fields. It has a complete business and management system [23]. - **Financial Data**: In 2024, its operating income was 71.348 billion yuan (YoY - 2.3%), net profit attributable to the parent was 2.322 billion yuan (YoY + 1.47%). In the first half of 2025, operating income was 28.575 billion yuan (YoY + 0.26%), and net profit attributable to the parent was 1.029 billion yuan (YoY + 0.89%) [23]. - **Company Highlights**: Controlled by the Shandong Provincial SASAC, it has the potential for improvement in its balance sheet, liquidity, and order volume. It is expected to benefit from infrastructure construction in Shandong and the Belt and Road Initiative [24]. 3.3 Hebang Convertible Bond - **Bond Information**: AA rating, August closing price of 121.6 yuan, conversion premium rate of 27.33%, and a positive stock PE - TTM of - 154.7 [6][35]. - **Company Overview**: It has advantages in salt mines, phosphate mines, and natural gas supply. Its business has expanded from single - product operations to multiple sectors including chemicals, agriculture, and photovoltaics [35]. - **Financial Data**: In 2024, its operating income was 8.547 billion yuan (YoY - 3.13%), net profit attributable to the parent was 0.031 billion yuan (YoY - 97.55%). In the first half of 2025, operating income was 3.921 billion yuan (YoY - 19.13%), and net profit attributable to the parent was 0.052 billion yuan (YoY - 73.07%) [35]. - **Company Highlights**: Its phosphate mines and salt mines contribute to profits, and its liquid methionine production is a major profit - contributor [36]. 3.4 Aima Convertible Bond - **Bond Information**: AA rating, August closing price of 127.164 yuan, conversion premium rate of 31.95%, and a positive stock PE - TTM of 14.18 [6][46]. - **Company Overview**: A leading enterprise in the electric two - wheeler industry, producing and selling various electric two - wheelers through dealers [46]. - **Financial Data**: In 2024, its operating income was 21.606 billion yuan (YoY + 2.71%), net profit attributable to the parent was 1.988 billion yuan (YoY + 5.68%). In the first half of 2025, operating income was 13.031 billion yuan (YoY + 23.04%), and net profit attributable to the parent was 1.213 billion yuan (YoY + 27.56%) [46]. - **Company Highlights**: It may benefit from government subsidies for trade - ins, the implementation of new national standards, and has potential for improving gross margins [47]. 3.5 Xingye Convertible Bond - **Bond Information**: AAA rating, August closing price of 124.698 yuan, conversion premium rate of 17.91%, and a positive stock PE - TTM of 6.14 [6][55]. - **Company Overview**: One of the first - established joint - stock commercial banks, evolving into a modern financial service group [55]. - **Financial Data**: In 2024, its operating income was 212.226 billion yuan (YoY + 0.66%), net profit attributable to the parent was 77.205 billion yuan (YoY + 0.12%). In the first half of 2025, operating income was 110.458 billion yuan (YoY - 2.29%), and net profit attributable to the parent was 43.141 billion yuan (YoY + 0.21%) [55]. - **Company Highlights**: It has stable asset quality and scale growth, with a large number of corporate and retail customers [56]. 3.6 Wentai Convertible Bond - **Bond Information**: AA - rating, August closing price of 123.15 yuan, conversion premium rate of 23.63%, and a positive stock PE - TTM of - 19.91 [6][67]. - **Company Overview**: A global leader in semiconductor R & D and manufacturing, adopting the IDM model [67]. - **Financial Data**: In 2024, its operating income was 73.598 billion yuan (YoY + 20.23%), net profit attributable to the parent was - 2.833 billion yuan (YoY - 339.83%). In the first half of 2025, operating income was 25.341 billion yuan (YoY - 24.56%), and net profit attributable to the parent was 0.474 billion yuan (YoY + 237.36%) [67]. - **Company Highlights**: After divesting some subsidiaries, it focuses on the semiconductor business, which has shown growth. Its automotive and consumer electronics businesses also have development potential [68]. 3.7 Chongqing Bank Convertible Bond - **Bond Information**: AAA rating, August closing price of 123.688 yuan, conversion premium rate of 21.55%, and a positive stock PE - TTM of 6.47 [6][78]. - **Company Overview**: One of the earliest local joint - stock commercial banks in the upper reaches of the Yangtze River and Southwest China, with a wide range of business operations [78]. - **Financial Data**: In 2024, its operating income was 13.679 billion yuan (YoY + 3.54%), net profit attributable to the parent was 5.117 billion yuan (YoY + 3.8%). In the first half of 2025, operating income was 7.659 billion yuan (YoY + 7%), and net profit attributable to the parent was 3.19 billion yuan (YoY + 5.39%) [78]. - **Company Highlights**: It benefits from the national strategy of the Chengdu - Chongqing economic circle, has stable asset - scale growth, and actively adjusts its credit strategy [79]. 3.8 Tianye Convertible Bond - **Bond Information**: AA + rating, August closing price of 123.717 yuan, conversion premium rate of 84.35%, and a positive stock PE - TTM of 146.1 [6][90]. - **Company Overview**: A leading enterprise in the chlor - alkali chemical industry in Xinjiang, with an integrated circular economy industrial chain [90]. - **Financial Data**: In 2024, its operating income was 11.156 billion yuan (YoY - 2.7%), net profit attributable to the parent was 0.068 billion yuan (YoY + 108.83%). In the first half of 2025, operating income was 5.16 billion yuan (YoY - 0.98%), and net profit attributable to the parent was - 0.009 billion yuan (YoY - 228.22%) [90]. - **Company Highlights**: It has relatively stable caustic soda production costs and plans to increase dividend frequency, while its group is promoting two coal - mine projects [91]. 3.9 Huanxu Convertible Bond - **Bond Information**: AA + rating, August closing price of 127.8 yuan, conversion premium rate of 24.45%, and a positive stock PE - TTM of 27.85 [6][101]. - **Company Overview**: A global leader in electronic manufacturing design, providing value - added services to brand customers [101]. - **Financial Data**: In 2024, its operating income was 60.691 billion yuan (YoY - 0.17%), net profit attributable to the parent was 1.652 billion yuan (YoY - 15.16%). In the first half of 2025, operating income was 27.214 billion yuan (YoY - 0.63%), and net profit attributable to the parent was 0.638 billion yuan (YoY - 18.66%) [101]. - **Company Highlights**: It is a leading manufacturer of smart - wearable SiP modules and has strengthened its R & D and production capabilities in key fields through global expansion [102]. 3.10 Yushui Convertible Bond - **Bond Information**: AAA rating, August closing price of 124.714 yuan, conversion premium rate of 28.15%, and a positive stock PE - TTM of 27.4 [6][111]. - **Company Overview**: The largest integrated water supply and drainage enterprise in Chongqing, with a monopoly position in the local market [111]. - **Financial Data**: In 2024, its operating income was 6.999 billion yuan (YoY - 3.52%), net profit attributable to the parent was 0.785 billion yuan (YoY - 27.88%). In the first half of 2025, operating income was 3.519 billion yuan (YoY + 7.16%), and net profit attributable to the parent was 0.458 billion yuan (YoY + 10.06%) [111]. - **Company Highlights**: It has a high market share in Chongqing, is expanding its business externally, and has achieved cost control through intelligent applications [112].

Core Viewpoint - The announcement details the adjustment of the conversion price for the "Huanxu Convertible Bonds" due to the exercise of stock options, which meets the criteria for price adjustment [2][5]. Group 1: Convertible Bond Issuance - Huanxu Electronics issued 34.5 million convertible bonds with a total value of RMB 345 million, with an initial conversion price set at RMB 20.25 per share [2][4]. - The bonds were listed on the Shanghai Stock Exchange on April 2, 2021, and have a maturity period from March 4, 2021, to March 3, 2027 [2][4]. Group 2: Conversion Price Adjustment - The previous conversion price was RMB 18.60 per share, which has been adjusted to RMB 18.59 per share [6][8]. - The adjustment will take effect on September 2, 2025, with the conversion suspended on September 1, 2025 [8]. Group 3: Basis for Adjustment - The adjustment is based on the company's stock option incentive plan, which has four exercise periods, all of which are currently active [4][6]. - The adjustment formula considers factors such as stock dividends, capital increases, and cash dividends, ensuring fair treatment for bondholders [6][7].

Stepping into the Future, in Harmony with Green USI strives for a sustainable future, leading the way forward with each footprint Championing biodiversity, renewable energy, and ecological balance. Contours of mountains meet forest green in shared vision, Rooting corporate responsibility in every step we take together. 上海证券交易所股票代码 601231 20 24 Sustainability Report Table of Contents 上海证券交易所股票代码 601231 20 24 Sustainability Report Cover Story | About this Report | 4 | | --- | --- | | About USI | 5 | | Letter ...

上海证券交易所股票代码 601231 20 24 可持续发展 报告书 报告书 封面故事 踏步未来，绿意同行 环旭电子永续未来，足迹象征迈出的每一步皆引领未来的方向，推动生物 多样性、可持续能源及生态共存等价值，践行环境友善与包容发展。 融合山脉等高线与森林绿意，展现人与环境和谐共存的愿景，将企业责任 深植于每一处自然与人文中。 上海证券交易所股票代码 601231 20 24 可持续发展 报告书 | 目录 | | | � | | --- | --- | --- | --- | | 关于本报告书 | | 4 | | | 关于环旭电子 | | 5 | | | 董事长与总经理的话 | | 7 | | | 可持续荣耀与肯定 | | 9 | | | � | 可持续管理 | 11 | | | 1.1 | 实践联合国可持续发展目标 | 12 | | | 1.2 | 永续委员会组织 | 13 | | | 1.3 | 可持续发展政策 | 15 | | | 1.4 | 可持续发展策略 | 15 | | | 1.5 | 可持续影响力评估 | 16 | | | 1.6 | 重大性议题分析 | 19 | | | 1.7 | 利益相关方 ...

| 证券代码：601231 | 证券简称：环旭电子 | 公告编号：2025-077 | | --- | --- | --- | | 转债代码：113045 | 转债简称：环旭转债 | | 环旭电子股份有限公司 关于"环旭转债"转股价格调整暨转股停牌的公告 证券停复牌情况：适用 因公司股票期权行权达到转股价格调整标准，本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 113045 | 环旭转债 | 可转债转股停牌 | 2025/9/1 | 全天 | 2025/9/1 | 2025/9/2 | 环旭电子股份有限公司（以下简称"公司"）经中国证券监督管理委员会"证监 许可[2021]167 号"文核准，于 2021 年 3 月 4 日公开发行了 3,450 万张可转换公司 债券，每张面值 100 元，发行总额为人民币 345,000 万元。经上海证券交易所自律 监管决定书【2021】133 号文同意，可转换公司债券于 2021 年 4 ...