Group 1 - The core stock price of Huasheng Group (603018) closed at 8.18 yuan on July 11, 2025, reflecting a 1.24% increase from the previous week's closing price of 8.08 yuan [1] - The highest intraday price for Huasheng Group this week was 8.21 yuan on July 9, while the lowest was 8.02 yuan on July 10 [1] - The current total market capitalization of Huasheng Group is 5.593 billion yuan, ranking 12th out of 41 in the engineering consulting services sector and 2768th out of 5149 in the A-share market [1] Group 2 - Huasheng Group announced the interest payment for its convertible bonds (Huasheng Convertible Bonds) for the year 2025, with a face value of 100 yuan and an interest amount of 0.50 yuan per bond [1] - The bond interest record date is set for July 18, 2025, and the interest payment date is July 21, 2025 [1] - The interest rate for this bond is 0.50% (including tax), and the actual interest received by individual bondholders after a 20% personal income tax will be 0.40 yuan [1]

Core Viewpoint - The announcement details the interest payment schedule for the convertible bonds issued by the company, highlighting key dates and terms related to the bond's interest payments and adjustments to the conversion price [1][4]. Summary by Sections Convertible Bond Issuance Overview - The company issued convertible bonds on July 21, 2023, with a maturity date of July 20, 2029. The interest rates are set at 1.80% for the fifth year and 2.00% for the sixth year [1]. Interest Payment Details - The interest payment for the convertible bonds will occur annually, with the first payment starting on July 21, 2025. The annual interest rate is 0.50%, meaning each bond with a face value of RMB 100.00 will yield RMB 0.50 in interest (including tax) [4][5]. Key Dates for Interest Payment - The bondholder registration date for interest payment is July 18, 2025. The ex-dividend date and interest payment date are both set for July 21, 2025 [1][4]. Payment Method and Taxation - The company will transfer the interest payments to the designated bank account of the China Securities Depository and Clearing Corporation Limited within two trading days prior to the payment date. Individual bondholders are responsible for paying a 20% tax on the interest income, resulting in a net payment of RMB 0.40 per bond after tax [5][6]. Conversion Price Adjustments - The conversion price for the bonds will be adjusted due to annual profit distributions. The price will change from RMB 8.86 per share to RMB 8.55 per share starting July 5, 2024, and further to RMB 8.45 per share from June 18, 2025 [3].

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：603018 | 证券简称：华设集团 | 公告编号：2025-039 | | --- | --- | --- | | 转债代码：113674 | 转债简称：华设转债 | | 华设设计集团股份有限公司 关于"华设转债"2025 年付息公告 华设设计集团股份有限公司（以下简称"本公司"或"公司"）于 2023 年 7 月 21 日发行的可转换公司债券将于 2025 年 7 月 21 日开始支付自 2024 年 7 月 21 日至 2025 年 7 月 20 日期间的利息。根据本公司《华设设计集团股份有限公 司向不特定对象发行可转换公司债券并在主板上市募集说明书》（以下简称"《募 集说明书》"）有关条款的规定，现将有关事项公告如下： 一、可转债发行上市概况 1、债券名称：华设设计集团股份有限公司可转换公司债券 2、债券简称：华设转债 3、债券代码：113674 4、债券类型：可转换为公司 A 股股票的可转换公司债券 5、发行总额：本次发行的可转债总额为人民 ...

Summary of Key Points Core Viewpoint - The announcement details the conversion results of the convertible bonds issued by Huashe Design Group, highlighting the limited conversion activity and the remaining unconverted bonds. Group 1: Conversion Status - As of June 30, 2025, a total of RMB 111,000.00 of "Huashe Convertible Bonds" has been converted into common stock, resulting in 12,613 shares, which represents 0.0018% of the company's total shares before conversion [1][3]. - During the period from April 1, 2025, to June 30, 2025, RMB 2,000.00 of "Huashe Convertible Bonds" was converted into common stock, resulting in 233 shares [2][3]. Group 2: Unconverted Bonds - As of June 30, 2025, the amount of unconverted "Huashe Convertible Bonds" stands at RMB 399,889,000.00, accounting for 99.9723% of the total issuance [1][4]. Group 3: Bond Issuance and Listing - The company issued 4 million convertible bonds on July 21, 2023, at a face value of RMB 100 each, raising a total of RMB 40 million, with a maturity of 6 years [2]. - The bonds were listed on the Shanghai Stock Exchange on August 15, 2023, under the name "Huashe Convertible Bonds" and code "113674" [2]. Group 4: Conversion Price Adjustments - The initial conversion price was set at RMB 8.86 per share, which was adjusted to RMB 8.55 per share effective July 5, 2024, and further adjusted to RMB 8.45 per share effective June 18, 2025, due to the company's annual equity distribution [3]. Group 5: Share Capital Changes - The total share capital increased from 683,793,332 shares to 683,793,565 shares due to the conversion of bonds, reflecting the addition of 233 shares [5].

| 证券代码：603018 | 证券简称：华设集团 | 公告编号：2025-038 | | --- | --- | --- | | 转债代码：113674 | 转债简称：华设转债 | | 华设设计集团股份有限公司 可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： 一、可转债发行上市概况 （一）可转债发行情况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意华设设 计集团股份有限公司向不特定对象发行可转换公司债券注册的批复》（证监许可 [2023]1322 号）同意，华设设计集团股份有限公司（以下简称"公司"或"本公 司"）于 2023 年 7 月 21 日向不特定对象发行可转换公司债券 400.00 万张，发 行价格为每张面值 100 元人民币，按面值发行，期限 6 年，募集资金总额为人民 币 40,000.00 万元。可转债票面利率为：第一年 0.30%、第二年 0.50%、第三年 1.00%、第四年 1.50%、第五年 1.80%、第六年 2.00%。 （二）可转债上 ...

Core Viewpoint - The credit rating agency maintains the credit rating of China Huase Design Group Co., Ltd. at AA with a stable outlook, reflecting the company's strong market position in the surveying and design sector, despite challenges in new contract acquisition and cash flow management [3][28]. Company Overview - China Huase Design Group has a complete and high-level design qualification, maintaining a strong market position in the transportation surveying and design field in Jiangsu Province [3][16]. - The company has a diversified ownership structure with no controlling shareholder, which raises concerns about management stability [4][15]. Financial Performance - As of March 2025, the total assets of the company were 122.82 billion, with total liabilities at 69.53 billion, indicating a decrease in both assets and liabilities compared to previous years [7][25]. - The operating revenue for 2024 was 44.28 billion, down from 53.53 billion in 2023, reflecting a declining trend in business scale [7][22]. - The net profit for the first quarter of 2025 was 0.58 billion, showing a significant decrease compared to previous periods [7][22]. Contract Acquisition and Market Position - The new contract amount for 2024 was 68.79 billion, a decline from 74.31 billion in 2023, primarily due to reduced demand in traditional road and municipal projects [18][19]. - The company remains focused on government investment projects, with government clients accounting for approximately 94.80% of new contracts [18][19]. Cash Flow and Debt Management - The company has maintained positive operating cash flow, with a net cash inflow of 3.07 billion in the first quarter of 2025, although this represents a decline from previous periods [7][22]. - As of March 2025, the company had a total debt of 9.40 billion, with a debt-to-EBITDA ratio of 1.69, indicating manageable debt levels compared to industry standards [7][25]. Industry Outlook - The construction industry is facing challenges due to a downturn in the real estate sector, which is expected to continue affecting demand for construction services [10][12]. - Despite these challenges, infrastructure investment remains a key support for the construction market, with government and central enterprises taking on more investment responsibilities [12][13].

Group 1 - The core viewpoint of the announcement is that the credit rating for Huase Design Group Co., Ltd. and its convertible bonds remains stable at "AA" for both the bond and the issuer, with a stable outlook [1][2] - The previous credit rating was also "AA" for both the bond and the issuer, indicating consistency in the company's creditworthiness [1][2] - The tracking credit rating was conducted by China Chengxin International Credit Rating Co., Ltd. based on a comprehensive analysis of the company's operational status and industry conditions [2] Group 2 - The tracking credit rating report was issued on June 6, 2025, and is available on the Shanghai Stock Exchange website [2] - The announcement confirms that there are no changes in the credit ratings compared to the previous assessment [2] - The company issued the convertible bonds to unspecified investors on August 15, 2023, which are referred to as "Huase Convertible Bonds" [1]

Core Viewpoint - The announcement details the adjustment of the conversion price for the "Huashe Convertible Bonds" due to the implementation of the 2024 annual profit distribution plan, with the new conversion price set at 8.45 CNY per share, effective from June 18, 2025 [3][7]. Summary by Sections Announcement of Adjustment - The company will adjust the conversion price of "Huashe Convertible Bonds" from 8.55 CNY to 8.45 CNY per share due to the 2024 annual profit distribution [3][7]. - The adjustment is in accordance with the company's issuance terms and relevant regulations [4]. Details of the Convertible Bonds - The company issued 4 million convertible bonds at a face value of 100 CNY each, raising a total of 400 million CNY, with a maturity of 6 years [3]. - The initial conversion price was set at 8.86 CNY per share, which was adjusted to 8.55 CNY following the 2023 annual profit distribution [3][4]. Profit Distribution Plan - The company plans to distribute a cash dividend of 1.00 CNY per 10 shares (including tax) to all shareholders [3]. - The total number of shares participating in the distribution is 676,753,545 after accounting for shares in the repurchase account [6]. Calculation of Adjustment - The cash dividend per share, calculated based on the total shares participating in the distribution, is approximately 0.10 CNY [6]. - The new conversion price is calculated as follows: P1 = P0 - D = 8.55 - 0.10 = 8.45 CNY [6]. Important Dates - The record date for the profit distribution is June 17, 2025, and the ex-dividend date is June 18, 2025 [7]. - The conversion of "Huashe Convertible Bonds" will be suspended from June 9 to June 17, 2025, and will resume on June 18, 2025 [7].

Group 1 - The core viewpoint of the article is that Huatai United Securities has conducted a review of Huashu Design Group's differentiated equity distribution plan for the year 2024, which involves a share buyback and subsequent cash dividend distribution to shareholders [1][6] - The reason for the differentiated equity distribution is the company's plan to repurchase shares using its own and raised funds, with a total repurchase amount between RMB 40 million and RMB 80 million, at a price not exceeding RMB 11 per share, within a 12-month period [1][2] - As of January 10, 2025, the company has repurchased 7,040,000 shares, accounting for 1.0296% of the total share capital, with a total expenditure exceeding the lower limit of the repurchase plan [2][3] Group 2 - The differentiated equity distribution plan includes a cash dividend of RMB 1.00 per 10 shares (tax included) to all shareholders, based on the total share capital minus the shares in the repurchase account [2][3] - The total share capital as of May 22, 2025, is 683,793,565 shares, with 7,040,020 shares repurchased, resulting in an actual participating share capital of 676,753,545 shares for the dividend distribution [3][5] - The reference price for ex-dividend is calculated as the previous closing price minus the cash dividend, resulting in an ex-dividend reference price of RMB 7.43 per share [3][5] Group 3 - The differentiated equity distribution is characterized by the exclusion of repurchased shares from the profit distribution [5][6] - The impact of the differentiated equity distribution on the ex-dividend reference price is less than 1%, indicating compliance with relevant regulations [5][6] - The company commits not to undertake any actions that could alter the total share capital or the number of shares in the repurchase account during the period leading up to the equity distribution [5][6]

Core Points - The company announced a cash dividend of CNY 0.10 per share for its A shares [1][2] - The total cash dividend distribution amounts to CNY 67,675,354.5, based on 676,753,545 shares participating in the distribution [2] - The dividend distribution plan was approved at the annual shareholders' meeting held on May 20, 2025 [1] Distribution Details - The record date for the dividend is June 17, 2025, with the ex-dividend date on June 18, 2025 [1] - The reference price for the ex-dividend trading will be calculated as the previous closing price minus the cash dividend [2] - The company will not issue any bonus shares or capital increases, resulting in no change to the circulating shares [2] Taxation Information - Individual shareholders holding shares for over one year will not be subject to personal income tax on the dividend [3][4] - For shares held for less than one year, tax will be calculated upon the sale of the shares [4] - Qualified Foreign Institutional Investors (QFII) will have a 10% withholding tax on dividends, resulting in a net dividend of CNY 0.090 per share [5]