本次股权转让交易完成后，公司持有旗滨光能的股权比例保持71.22%不变，东方资产成为旗滨光能战 略参股股东，持股 11.21%，员工持股平台的持股比例由 15.03%减少至 3.82%。公司仍为旗滨光能控股 股东，旗滨光能继续纳入公司合并报表范围，控制权稳定性不受任何影响。 二是借助战略伙伴赋能旗滨光能长远发展。东方资产作为具备强大资源背景与专业能力的资产管理机 构，其入股将为旗滨光能带来多维度协同价值：一是优化治理结构，提升决策科学性与运营效率，增强 抗风险能力；二是依托其产业资源网络，对接产业链上下游优质客户与核心技术资源，助力业务拓展与 技术升级；三是发挥绿色金融领域专业优势，拓宽多元化融资渠道、降低融资成本，优化资本结构；四 是凭借政策解读与资源整合能力，为旗滨光能争取相关政策支持，强化市场竞争力。此次合作通过资源 互补与协同增效，将推动旗滨光能实现高质量发展，进而提升公司在光伏玻璃领域的核心竞争力与长期 投资回报水平。 三是兼顾人才团队稳定与旗滨光能发展诉求。员工持股平台参与旗滨光能跟投已历时2年，部分合伙人 客观存在资金周转需求，且受员工持股平台自身资金实力限制，其难以持续为旗滨光能提供增资支持或 ...

中国银河（601881）证券发布研报称，2026年去产能效果有望显现，行业供需格局改善预期增强，价格 有望回升，企业盈利有望逐步修复。此外，水泥龙头企业加速海外产能布局，将贡献更多业绩增量，拉 开龙头企业盈利差距。玻璃纤维下游新兴产业发展势头较好，AI算力需求驱动下，特种玻纤纱高景气 有望持续；城市更新驱动消费建材在旧改、修缮市场的需求释放，消费升级将带动高品质绿色建材需求 提升；终端需求改善预期较弱，"反内卷"有望加速玻璃供给侧优化。 消费建材：10月家装零售需求走弱，高品质存量需求托底消费建材市场 2025年1-10月建筑及装潢材料类零售额同比增长0.5%，其中10月单月同比下降8.3%，环比下降2.1%。 随着地产销售的走弱，存量家装市场需求有所减弱，且因新房需求大幅缩减，今年消费建材需求不及往 年同期。后续城市更新战略的持续落地将释放修缮、旧改等需求，"好房子"建设标准的推进将提升高品 质绿色建材的市场渗透率。 浮法玻璃：供给缩减，但提振效果有限，11月价格继续承压 11月浮法玻璃市场刚需变化不明显；月产能减少，行业总供给收缩；企业库存虽有所下降，但仍处于历 史高位；浮法玻璃价格进一步下滑。后续来看， ...

Group 1 - The total amount of share buybacks by A-share listed companies has exceeded 130 billion yuan this year, marking the second highest level in history [1][2] - In December, several companies from Hunan Province, including Hualing Steel and Blue思科技, have announced their share buyback progress, with a total buyback amount exceeding 800 million yuan [1] - Century Huatong completed its share buyback with a total amount of approximately 999.9 million yuan, repurchasing 56,120,796 shares at prices ranging from 17.06 yuan to 18.38 yuan per share [1] Group 2 - Over 1,400 companies in the A-share market have implemented buybacks since 2025, with the total buyback amount exceeding 130 billion yuan [2] - Midea Group leads the buyback amounts this year with over 9.6 billion yuan, having announced two buyback plans [2] - The stock buyback index has increased by over 27% this year, reaching a historical high, with more than 100 companies doubling their stock prices [2] Group 3 - As of December 2, Blue思科技 has repurchased 7.31 million shares for a total amount of 212 million yuan [3] - Flag Group has repurchased 27.96 million shares, exceeding its planned buyback amount, with a total buyback amount of 196 million yuan [3] - Hunan Silver has repurchased 19.76 million shares, with a total buyback amount of 106 million yuan [3] Group 4 - As of November 30, Hualing Steel has repurchased 4.35 million shares for a total amount of 210 million yuan [4]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：601636 证券简称：旗滨集团 公告编号：2025-130 可转债代码：113047 可转债简称：旗滨转债 株洲旗滨集团股份有限公司关于"旗滨转债"赎回结果暨股份变动的公告 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： ●赎回数量：4,401,000元（44,010张） 经中国证券监督管理委员会《关于核准株洲旗滨集团股份有限公司公开发行可转换公司债券的批复》 （证监许可【2021】409号）核准，株洲旗滨集团股份有限公司（以下简称"公司"）于2021年4月9日发 行了1,500万张可转换公司债券，每张面值100元，发行总额150,000万元，期限6年。公司可转换公司债 券于2021年5月7日起在上海证券交易所挂牌交易，债券简称"旗滨转债"，债券代码"113047"。根据《株 洲旗滨集团股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》"）的约 定，公司本次发行的"旗滨转债"自2021年10月15日起可转换为公司普通股。最新转股 ...

●赎回数量：4,401,000元（44,010张） ●赎回兑付总金额：4,452,655.91元（含当期利息） ●赎回款发放日：2025年12月3日 证券代码：601636 证券简称：旗滨集团 公告编号：2025-130 可转债代码：113047 可转债简称：旗滨转债 株洲旗滨集团股份有限公司 关于"旗滨转债"赎回结果暨股份变动的公告 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： ●"旗滨转债"摘牌日：2025年12月3日 一、公司可转换债券发行上市概况 经中国证券监督管理委员会《关于核准株洲旗滨集团股份有限公司公开发行 可转换公司债券的批复》（证监许可【2021】409号）核准，株洲旗滨集团股份 有限公司（以下简称"公司"）于2021年4月9日发行了1,500万张可转换公司债 券，每张面值100元，发行总额150,000万元，期限6年。公司可转换公司债券于 2021年5月7日起在上海证券交易所挂牌交易，债券简称"旗滨转债"，债券代码 "113047"。根据《株洲旗滨集团股份有限公司公开发行可转换公司债券募集 ...

Investment Rating - The industry investment rating is "Positive" and maintained [10] Core Views - Focus on the expectation of glass cold repairs and emphasize high-quality leading companies in consumer building materials [5][6] - Cement prices continue to decline, while glass inventory has slightly decreased month-on-month [7][8] - The real estate policy outlook is improving, suggesting a focus on high-quality leading companies in consumer building materials [5][6] Summary by Sections Cement - National cement prices have continued to decline, with a current average price of 355.00 yuan/ton, down 0.65 yuan/ton month-on-month and down 77.10 yuan/ton year-on-year [26] - The cement market is entering the off-season, with a national shipment rate of approximately 45%, down 0.3 percentage points month-on-month and down 2.5 percentage points year-on-year [7][26] - The northern market is experiencing a seasonal decline in demand, while some southern regions show slight recovery [7][25] Glass - The domestic float glass market prices have stabilized after a decline, with a current average price of 60.59 yuan/weight box, down 0.59 yuan/weight box month-on-month and down 15.51 yuan/weight box year-on-year [39] - The production capacity of float glass has slightly decreased, with 218 out of 283 production lines currently in operation, and a daily melting capacity of 156,155 tons [8][36] - Inventory levels in key monitored provinces have decreased, with a total inventory of 59.32 million weight boxes, down 730,000 weight boxes month-on-month [38][39] Consumer Building Materials - High-quality leading companies in consumer building materials are expected to have bottom value, with recommendations for companies like SanKeTree, TuBaoBao, and WeiXing New Materials [6] - From a cyclical bottom and structural optimization perspective, companies in waterproofing and coatings are recommended due to significant supply exits and increased market share for leading companies [6] - If market conditions improve, the expected price performance ranking is waterproofing > coatings > pipes/hardware/gypsum board [6] Special Fabrics - Attention is drawn to the opportunities in AI special fabrics after recent adjustments, with domestic leaders like ZhongCai Technology benefiting from domestic substitution trends [9]

Summary of Key Points Core Viewpoint The company, Zhuzhou Qibin Group Co., Ltd., has announced that the total face value of its unconverted convertible bonds, "Qibin Convertible Bonds," has fallen below 30 million yuan, leading to a mandatory redemption process. Group 1: Convertible Bond Status - As of November 28, 2025, the amount of unconverted convertible bonds is 5,763,000 yuan, accounting for 0.3842% of the total issuance [2][9] - The unconverted "Qibin Convertible Bonds" will be frozen after the close of trading on the redemption registration date (December 2, 2025), ceasing trading and conversion, and will be forcibly redeemed at a price of 101.1737 yuan per bond [2][10] - The last trading day for "Qibin Convertible Bonds" was November 28, 2025, and they can still be converted until the redemption registration date [2][10] Group 2: Redemption Details - The redemption price for the bonds is set at 101.1737 yuan per bond, which includes the face value and accrued interest [2][10] - Investors are advised to convert their bonds before the close of trading on December 2, 2025, to avoid forced redemption [2][10] - The bonds will be delisted from the Shanghai Stock Exchange after the redemption is completed on December 3, 2025 [2][10] Group 3: Conversion and Share Capital Changes - The total amount of "Qibin Convertible Bonds" converted into company A-shares as of November 28, 2025, is 1,494,233,000 yuan, resulting in 275,009,589 shares, which is 10.2378% of the total shares before conversion [15][22] - The company's total share capital increased from 2,929,539,887 shares to 2,958,402,937 shares due to the conversion of bonds [24][25] Group 4: Future Considerations - The company will continue to monitor the situation and provide updates as necessary regarding the convertible bonds and any potential impacts on its operations [26][50]

Core Points - Qibin Group announced the redemption date for "Qibin Convertible Bonds" as December 2, 2025, with a redemption price of 101.1737 CNY per bond [2] - The payment date for the redemption will be December 3, 2025, and the bonds will be delisted from the Shanghai Stock Exchange on the same day [2]

本次回购具体内容详见公司于 2025 年 10 月 1 日在上海证券交易所网站 （www.sse.com.cn）披露的《旗滨集团关于以集中竞价交易方式回购股份的回购 报告书》（公告编号：2025-091）。 二、 回购股份的进展情况 株洲旗滨集团股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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 | 2025/9/26，由董事会提议 | | | | | | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 年 9 月 25 | 日~2026 | 年 | 9 | 月 24 日 | | 预计回购金额 | 10,000万元~20,000万元 | | | | | | 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 | | | | | | | □为维护公司价值及股东权益 | | | | | | 累计已回购股数 | 2,796 ...

●未转股可转债情况：截至2025年11月28日，尚未转股的可转债金额为 5,763,000元，占可转债发行总量的0.3842%。 证券代码：601636 证券简称：旗滨集团 公告编号：2025-127 可转债代码：113047 可转债简称：旗滨转债 株洲旗滨集团股份有限公司 关于"旗滨转债"转股数量累计达到转股前公司已发 行股份总额 10%暨股份变动的公告 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： ●累计转股情况：截至2025年11月28日，累计共有人民币1,494,233,000元 "旗滨转债"已转换为公司A股股票，累计转股数量为275,009,589股，占可转债 转股前公司已发行股份总额的10.2378%。 一、公司可转换债券发行上市概况 （一）可转换债券发行情况 经中国证券监督管理委员会《关于核准株洲旗滨集团股份有限公司公开发行 可转换公司债券的批复》（证监许可【2021】409号）核准，株洲旗滨集团股份 有限公司（以下简称"公司"）于2021年4月9日发行了1,500万张可转换公司债 券，每张面值 ...