Summary of Key Points Core Viewpoint - Guangzhou Lushan New Materials Co., Ltd. is expected to trigger the redemption clause of its convertible bonds ("Lushan Convertible Bonds") if its stock price continues to meet specific conditions over the next trading days [2][9]. Group 1: Convertible Bond Issuance and Conditions - The company issued 5,240,000 convertible bonds at a price of RMB 100 each, raising a total of RMB 52.4 million, with a maturity of six years [3]. - The initial conversion price was set at RMB 59.08 per share, which has been adjusted to RMB 16.05 per share as of August 8, 2025 [3][5]. - The redemption clause can be triggered if the stock price remains above 130% of the conversion price for a specified number of trading days [2][9]. Group 2: Redemption Clause Details - The company has the right to redeem all or part of the unconverted bonds if the stock price conditions are met, specifically if the stock price is above RMB 20.865 for a certain number of trading days [2][10]. - The redemption price will be the face value of the bonds plus accrued interest [10]. Group 3: Financial Guarantees - The company has provided a guarantee of RMB 21 million for its wholly-owned subsidiary, Jiangsu Lushan New Materials Co., Ltd., with a total guarantee balance of RMB 20.41358 million as of the announcement date [13][16]. - The total external guarantee limit approved by the company's annual shareholders meeting is RMB 2.6 billion, which is 166.69% of the company's latest audited net assets [13][23].

Core Points - The company, Lushan New Materials, announced that its stock price has been above 130% of the conversion price of its convertible bonds for 10 consecutive trading days [2] - If the stock price continues to meet the specified conditions for 5 out of the next 17 trading days, it will trigger the redemption clause of the convertible bonds [2] - The board of directors has the authority to decide on the redemption of all or part of the unconverted convertible bonds at face value plus accrued interest [2]

Core Viewpoint - Lushan New Materials (603051) announced that all its guarantees are for wholly-owned subsidiaries or sub-subsidiaries, with no overdue external guarantees [1] Group 1 - The company has confirmed that all guarantees provided are solely for its wholly-owned subsidiaries or sub-subsidiaries [1] - There are no overdue external guarantees reported by the company [1]

Group 1 - Company LuShan New Materials announced on September 11 that the external guarantee limit approved by the 2024 annual shareholders' meeting is RMB 2.6 billion, which accounts for 166.69% of the company's most recent audited net assets [1]

| 证券代码：603051 | 证券简称：鹿山新材 | 公告编号：2025-060 | | --- | --- | --- | | 债券代码：113668 | 债券简称：鹿山转债 | | 广州鹿山新材料股份有限公司 关于"鹿山转债"预计满足赎回条件的提示性公告 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、可转债发行上市概况 （一）可转债上市发行概况 根据中国证券监督管理委员会《关于核准广州鹿山新材料股份有限公司公开 发行可转换公司债券的批复》(证监许可[2023]250 号)，并经上海证券交易所同 意，公司于 2023 年 3 月 27 日公开发行可转债 5,240,000 张，发行价格为每张人 民币 100.00 元，募集资金总额为人民币 52,400.00 万元，期限 6 年。 重要内容提示： ●广州鹿山新材料股份有限公司（以下简称"公司"）股票价格自 2025 年 8 月 26 日起至 2025 年 9 月 11 日已有 10 个交易日的收盘价不低于"鹿山转债" 当期转股价格（即 16.05 元/股）的 130% ...

证券代码：603051 证券简称：鹿山新材 公告编号：2025-061 债券代码:113668 债券简称:鹿山转债 广州鹿山新材料股份有限公司 关于为子公司提供担保的公告 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： 被担保人名称：广州鹿山新材料股份有限公司（以下简称"公司"）的 全资子公司江苏鹿山新材料有限公司（以下简称"江苏鹿山"）； 本次担保金额及已实际为其提供的担保余额：本次为江苏鹿山提供担保 的本金金额为21,000万元。截至本公告披露日，公司已实际为江苏鹿山提供的担 保余额为20,413.58万元； 本次担保是否有反担保：否； 额度，2025年度为全资子公司/孙公司提供不超过人民币26亿元的担保额度。 具体内容详见公司于2025年4月28日在上海证券交易所网站（www.sse.com.cn） 披露的《广州鹿山新材料股份有限公司关于公司2025年度向金融机构申请授信 额度及对外担保计划的公告》（公告编号：2025-018）。 本次担保情况如下： 2025年9月10日，公司与中国农业银行股份有限公司常 ...

Core Insights - The perovskite battery concept has seen a significant increase of 5.67%, ranking fourth among concept sectors, with 54 stocks rising, including notable gainers like Xian Dao Intelligent and Li Yuan Heng, which hit the 20% limit up [1][2] Market Performance - The perovskite battery sector attracted a net inflow of 4.305 billion yuan, with 43 stocks receiving net inflows, and 8 stocks exceeding 100 million yuan in net inflows. Leading the inflow was Xian Dao Intelligent with 1.968 billion yuan [2][3] - Other notable stocks with significant net inflows include Longi Green Energy (0.408 billion yuan), Tongwei Co. (0.356 billion yuan), and Huagong Technology (0.353 billion yuan) [2] Stock Performance - Top performers in the perovskite battery sector included: - Xian Dao Intelligent: +20.01% with a turnover rate of 19.94% and a net inflow of 1.968 billion yuan [3] - Li Yuan Heng: +20.00% with a net inflow rate of 8.64% [4] - Mingyang Smart Energy: +9.97% with a net inflow rate of 18.04% [5] - Stocks with the highest net inflow ratios included Xizi Clean Energy (22.02%), Mingyang Smart Energy (18.04%), and Yaopi Glass (15.13%) [3][5] Decliners - The stocks with the largest declines included China Nuclear Power (-0.46%), Huangshi Group (-0.26%), and Lushan New Materials (-0.08%) [1][6]

Market Overview - As of September 4, the Shanghai Composite Index closed at 3765.88 points, with a decline of 1.25%. The Shenzhen Component Index closed at 12118.70 points, down 2.83%, and the ChiNext Index closed at 2776.25 points, decreasing by 4.25% [1] Trading Activity - A total of 2131 stocks saw an increase in average transaction volume, with 40 stocks experiencing a rise of over 50% in average transaction volume. Conversely, 2426 stocks reported a decrease in average transaction volume [1] - Notable stocks with significant increases in average transaction volume include Aishida (爱仕达) with a 207.02% increase, Huijia Times (汇嘉时代) with 184.35%, and Victory Precision (胜利精密) with 158.81% [1] Active Stocks - The stocks with the highest increase in transaction volume and transaction count include: - Spring兴精工 with a transaction count increase of 2190.85% - Hanzhong Precision (汉钟精机) with a transaction count increase of 827.07% - Lushan New Materials (鹿山新材) with a transaction count increase of 476.62% [1] Notable Performers - The following stocks showed significant daily gains: - Aishida (爱仕达) increased by 10.03% - Huijia Times (汇嘉时代) rose by 10.05% - Victory Precision (胜利精密) gained 10.09% [1] - Other notable performers include: - Strait Environmental (海峡环保) with a 10.08% increase - An彩高科 with a 9.92% increase [1] Additional Trading Insights - The average transaction volume and transaction count for several stocks also showed substantial increases, indicating heightened trading activity. For example, Tianchuang Fashion (天创时尚) had a transaction count increase of 204.19% [1][2]

New Stock Offerings - Fushun Special Steel (600399) is undergoing a tender offer period from August 12, 2025, to September 10, 2025[1] - *ST Tianmao (000627) has a cash option declaration period from September 15, 2025, to September 19, 2025[1] - Tianpu Co., Ltd. (605255) has announced its latest updates on September 4, 2025[1] Market Alerts - Kaipu Cloud (688228) has reported severe abnormal fluctuations as of August 30, 2025[1] - Siquan New Materials (301489) and Xinhua Jin (600735) also reported significant market movements on August 22 and August 30, 2025, respectively[1] - Multiple companies including *ST Baoying (002047) and Wantong Development (600246) have updates as of September 4, 2025[1] Trading Notifications - A total of 30 companies have issued trading notifications with specific dates for announcements and updates, indicating active market participation[1] - The report includes links to detailed announcements for each company, ensuring transparency and accessibility of information[1]

Summary of Key Points Core Viewpoint - The stock of Lushan New Materials (603051) experienced a decline of 2.38% with significant trading activity, including a turnover rate of 33.50% and a trading volume of 1.304 billion yuan, indicating high volatility and investor interest [2]. Trading Activity - The stock was listed on the Shanghai Stock Exchange's watchlist due to a daily fluctuation of 17.33% and a turnover rate of 33.50%, with a net selling amount of 21.1472 million yuan from brokerage seats [2]. - The top five brokerage seats accounted for a total transaction volume of 213 million yuan, with buying transactions amounting to 95.722 million yuan and selling transactions totaling 117 million yuan, resulting in a net sell of 21.1472 million yuan [2]. - The largest buying brokerage was Guotai Junan Securities from Shanghai, with a purchase amount of 28.631 million yuan, while the largest selling brokerage was Huatai Securities from Wuxi, with a selling amount of 44.6613 million yuan [3]. Fund Flow - The stock saw a net outflow of 73.7711 million yuan in principal funds, with a significant outflow of 22.4147 million yuan from large orders and 51.3565 million yuan from major orders. Over the past five days, there was a net inflow of 6.8231 million yuan [2]. Financial Performance - According to the semi-annual report released on August 30, the company achieved an operating income of 741 million yuan in the first half of the year, a year-on-year decrease of 33.27%. The net profit was 15.9361 million yuan, down 48.40% year-on-year [2]. Analyst Ratings - In the past five days, one institution rated the stock as a buy, with the highest target price set at 31.60 yuan by Northeast Securities on September 2 [3].