| 证券代码：603018 | 证券简称：华设集团 | 公告编号：2025-058 | | --- | --- | --- | | 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 关于选举职工董事的公告 本公司董事会及全体董事保证本公告内容不存在虚假记载、误导性陈述或 华设设计集团股份有限公司（以下简称"公司"）职工代表大会于2025年11 月27日在公司E3会议室召开，会议由公司董事、董事会秘书、工会主席胡安兵 先生主持。本次会议的召集、召开和表决程序符合《中华人民共和国公司法》 等有关法律、法规和《公司章程》的有关规定。 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 翟剑峰，男，1975年9月生，中国国籍，无永久境外居留权，研究员级高级 工程师。1997年7月河海大学环境工程专业本科毕业，2000年3月河海大学环境 工程专业硕士毕业。同年到江苏纬信工程咨询有限公司工作，历任江苏纬信项 目经理、部门经理。2010年7月起任江苏省交通规划设计院股份有限公司水运技 术研究所所长。2011年2月任水运技术研究中心常务副主任，2014年2月任主任。 2016年 ...

Core Viewpoint - The company announced a change in the source of conversion for its "Huashe Convertible Bonds" from "newly issued shares" to "priority use of repurchased shares for conversion, with any shortfall covered by newly issued shares" effective from 2025 [1] Summary by Sections - As of September 30, 2025, a total of 135,000 "Huashe Convertible Bonds" have been converted, resulting in the issuance of 15,451 shares, which represents 0.0023% of the total [1] - The unconverted amount of the bonds stands at 399.865 million, accounting for 99.9663% of the total [1] - The company has repurchased a total of 7,040,020 shares across two batches from 2022 to 2024, and has established a designated repurchase account to serve as the conversion account for the convertible bonds [1]

Core Insights - Zhejiang's highway service areas are evolving from mere rest stops to vibrant cultural and service hubs, enhancing the travel experience for various user groups [1][5][9] Group 1: Service Enhancements - The "Driver's Home" concept has been significantly upgraded, with 47 locations established, a 176% increase, and facilities including 417 shower rooms and 252 washing machines [2][3] - New affordable dining options will be introduced in several service areas starting July 2024, aiming to provide better meal choices for drivers [2] - The introduction of standardized "Mommy Warm Heart Rooms" and "Chongjun Stations" for military personnel reflects a commitment to diverse user needs [3][4] Group 2: Cultural Integration - Service areas are being designed to reflect local culture, with unique themes such as the "Book Scroll and Beautiful Shaoxing" in Shaoxing and "Jiangnan First Breakfast" in Lankai [5] - The Kinhwa service area has seen a 180% increase in average visitor time and a 32.94% rise in revenue due to its themed design and interactive experiences [5] Group 3: Green Transformation - The number of charging stations for electric vehicles has surged to 3,249, a more than ninefold increase since the end of the 13th Five-Year Plan, addressing the growing demand for EV charging [9][11] - The implementation of renewable energy solutions, such as solar panels and wind turbines, has turned service areas into self-sufficient energy hubs, with projects like the Cidu service area generating significant green electricity [11]

Economic Overview - High-frequency data indicates that automotive consumption remains strong, benefiting from tax incentives and subsidies, while textile and film consumption is weak[7] - Real estate sales and land market show signs of fatigue, with infrastructure special bonds fully issued but project progress lagging[7] - Exports to South Korea are recovering, while import demand weakens post shopping festival[7] Market Performance - Major global asset prices have declined, with the Hang Seng Index dropping 5.1%, the largest decline among major indices[9] - The S&P 500 Index fell by 1.9%, while the Shanghai Composite Index decreased by 3.9%[9] - The 10-year U.S. Treasury yield fell by 8 basis points to 4.06%[9] Federal Reserve Insights - The U.S. added 119,000 non-farm jobs in September, significantly exceeding expectations of 51,000[12] - The unemployment rate rose to 4.4%, higher than the expected 4.3%[12] - Federal Reserve officials exhibit significant internal disagreement regarding future monetary policy direction[8] Investment Strategies - ETF inflows have increased significantly to 503 billion, while foreign and financing funds have seen outflows[15] - The market's trading activity has decreased, with average daily turnover dropping to 1.9 trillion[14] - The risk appetite remains low, with the overall market sentiment declining[14] Sector Analysis - The technology sector is expected to benefit from AI advancements, with recommendations for investments in internet and computing sectors[35] - The financial sector is poised for recovery, with a focus on brokerage and insurance stocks[35] - Consumer stocks are seen as undervalued, with potential growth in food and beverage sectors[35]

Core Insights - 华设集团's stock price increased by 0.13% on November 20, with a trading volume of 38.71 million yuan [1] - The company experienced a net financing outflow of 2.32 million yuan on the same day, indicating a decrease in investor confidence [1][2] - The company's revenue for the first nine months of 2025 was 2.54 billion yuan, a year-on-year decrease of 5.52%, while net profit fell by 19.99% to 186 million yuan [2] Financing and Margin Trading - On November 20, 华设集团 had a financing buy-in of 2.61 million yuan, with a total financing balance of 298 million yuan, representing 5.68% of its market capitalization [1] - The financing balance is below the 50th percentile level over the past year, indicating a relatively low level of leverage [1] - The company had a margin trading balance of 219,400 yuan, with a short selling volume of 300 shares on November 20 [1] Shareholder and Dividend Information - As of November 10, the number of shareholders increased by 1.26% to 30,500, while the average number of circulating shares per person decreased by 1.24% to 22,400 shares [2] - Since its A-share listing, 华设集团 has distributed a total of 1.25 billion yuan in dividends, with 455 million yuan distributed over the past three years [3] - Notably, two institutional investors exited the top ten circulating shareholders list as of September 30, 2025 [3]

Group 1 - The new policy financial tools have been fully deployed, supporting private investment and REITs issuance [2] - As of October 29, 500 billion yuan of new policy financial tools have been allocated, with a portion supporting key private investment projects [2] - A total of 18 private investment projects have been recommended to the CSRC, with 14 projects already issued, raising nearly 30 billion yuan [2] Group 2 - The central bank aims to maintain reasonable price levels and ensure steady growth, employment, and expectations [3] - In October, new social financing amounted to 815 billion yuan, a year-on-year decrease of 597 billion yuan [3] - The central bank emphasizes the importance of promoting reasonable price recovery as a key consideration in monetary policy [3] Group 3 - The National Energy Administration has issued guidelines to promote the integrated development of renewable energy [4] - The guidelines aim to enhance the complementary development of various renewable energy sources and optimize energy structures [4] - There is a focus on improving the collaborative development of wind, solar, hydrogen, and storage technologies [4] Group 4 - Recommendations include sectors such as copper and cobalt resources, energy storage, dividends, and infrastructure in the western region [5] - Specific stock recommendations include China Railway (601390) for copper, China Metallurgical (601618) for nickel, and China Construction (601668) for low valuation and high dividends [5] - The report also highlights opportunities in AI and low-altitude economy sectors, recommending companies like Design Institute (603357) and Huazhong International (002949) [5]

Core Insights - The engineering consulting services sector saw a slight increase of 0.12% on November 13, with Hualan Group leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Stock Performance - Hualan Group (301027) closed at 19.85, with a rise of 8.59% and a trading volume of 228,700 shares, amounting to a transaction value of 444 million yuan [1] - Other notable performers included: - Zhaobiao Co. (301136) at 14.22, up 3.80% [1] - Huayang International (002949) at 14.93, up 1.91% [1] - Youan Design (300983) at 24.95, up 1.51% [1] Capital Flow - The engineering consulting services sector experienced a net outflow of 209 million yuan from institutional investors, while retail investors saw a net inflow of 168 million yuan [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2][3] Individual Stock Capital Flow - Notable net inflows from retail investors included: - Shanshui Bide (300844) with a retail net inflow of 1.17 million yuan [3] - Tongji Technology (600846) with a retail net inflow of 731,830 yuan [3] - Conversely, significant net outflows from institutional investors were observed in: - Huatu Shanding (300492) with a net outflow of 1.43 million yuan [3] - Jianyan Design (301167) with a net outflow of 459,910 yuan [3]

Group 1 - The company has approved the use of temporarily idle raised funds for cash management, with a maximum amount of RMB 15 million [2][3] - The company has entrusted CITIC Bank to manage RMB 80 million in structured deposits linked to currency exchange rates [2][6] - The purpose of the cash management is to enhance fund utilization efficiency and generate investment returns while ensuring the safety of raised funds [3][4] Group 2 - The raised funds were obtained through the issuance of convertible bonds totaling RMB 400 million, with a net amount of RMB 391.61 million after deducting issuance costs [5] - The structured deposit products are linked to foreign exchange rates, specifically USD/SGD and GBP/USD, with observation dates set for May 11, 2026, and February 10, 2026, respectively [7][8] - The company's asset-liability ratio as of September 30, 2025, was 56.62%, and the cash management amount represents 1.49% of the net assets attributable to shareholders [10]

| 证券简称：华设集团 转债简称：华设转债 | 公告编号：2025-057 | | --- | --- | | 证券代码：603018 转债代码：113674 | | 华设设计集团股份有限公司 关于使用部分暂时闲置募集资金进行现金管理进展的公告 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个别及连带责任。 重要内容提示： （二）资金来源 委托理财受托方：中信银行股份有限公司 本次委托理财金额：8,000 万元 委托理财产品名称：共赢慧信汇率挂钩人民币结构性存款 A16748 期/共 赢慧信汇率挂钩人民币结构性存款 A16749 期 委托理财期限：180 天/90 天 履行的审议程序：华设设计集团股份有限公司（以下简称"本公司"或 "公司"）于 2025 年 8 月 28 日召开第五届董事会第二十四次会议、第五届监事 会第二十一次会议，审议通过了《关于使用部分暂时闲置募集资金进行现金管理 的公告》，同意公司使用最高额不超过人民币 15,000 万元（含 15,000 万元）的 暂时闲置募集资金进行现金管理，用于投资安全性高、流动性好的投 ...

Market Overview - The engineering consulting services sector increased by 0.66% on November 10, with Youan Design leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Top Performers - Youan Design (300983) closed at 24.08, up 4.74% with a trading volume of 26,100 and a transaction value of 61.90 million [1] - Hopu Co., Ltd. (301024) closed at 46.60, up 4.53% with a trading volume of 54,000 and a transaction value of 245 million [1] - Zhongda An (300635) closed at 15.50, up 3.54% with a trading volume of 107,500 [1] Underperformers - Zhongcheng Consulting (920003) closed at 35.60, down 7.63% with a trading volume of 59,900 and a transaction value of 215 million [2] - Zhongshe Consulting (920873) closed at 8.12, down 4.13% with a trading volume of 96,100 [2] - Huayang International (002949) closed at 14.55, down 1.82% with a trading volume of 34,800 [2] Capital Flow - The engineering consulting services sector experienced a net outflow of 88.92 million from institutional investors, while retail investors saw a net inflow of 18.07 million [2] - The sector's overall capital flow indicates a mixed sentiment among different investor types [2] Individual Stock Capital Flow - Tai Chi Industrial (600667) had a net inflow of 80.24 million from institutional investors, but a net outflow of 78.37 million from retail investors [3] - China Ruilin (603257) saw a net inflow of 22.60 million from institutional investors, with a net outflow of 16.92 million from retail investors [3] - Hopu Co., Ltd. (301024) had a net inflow of 10.70 million from institutional investors, while retail investors experienced a net outflow of 10.51 million [3]