Core Viewpoint - Jiangsu Huachen Transformer Co., Ltd. plans to provide a guarantee of up to 100 million yuan for its subsidiary Jiangsu Huabian Power Engineering Co., Ltd. to meet its daily operational funding needs [1] Group 1: Company Financials - The guarantee will be valid for 12 months from the date of board approval and can be reused [1] - The company holds a 70% stake in Huabian Power, which has a debt-to-asset ratio of 8% [1] - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 80 million yuan (excluding this guarantee) [1] Group 2: Guarantee Impact - After this guarantee, the total amount of effective guarantees will be 180 million yuan, which represents 17.63% of the company's most recent audited net assets [1] - There are no overdue guarantees reported by the company [1]

Overview - The box-type substation market is primarily driven by the demand from State Grid Corporation, which is a major user of distribution equipment in China and a leader in the construction of smart grids and new power systems. The demand for box-type substations reflects the market development situation [1][12] - The total tender volume for box-type substations from State Grid is influenced by various factors including macroeconomic environment, industrial policies, project construction arrangements, and specific product demand timing. From 2017 to 2024, the tender volume has shown fluctuations but maintains an overall growth trend, with a projected total of 14,078 units in 2024, representing a year-on-year increase of 1.85% [1][13] Market Policy - The box-type substation falls under the category of "C38 Electrical Machinery and Equipment Manufacturing" in the national economic industry classification. The development of the transmission and distribution equipment industry, including box-type substations, is crucial for the safety and efficiency of China's power system. The government has issued several supportive policies to foster the growth of this industry [7][9] Industry Chain - The upstream of the box-type substation industry includes suppliers of metals like steel and aluminum, as well as insulation materials and electrical components. The quality and stability of these raw materials are critical for product quality and production progress. The midstream consists of manufacturing enterprises responsible for design, production, assembly, and testing, while the downstream market encompasses various applications including power grids, infrastructure, electric vehicle charging stations, and renewable energy projects [10][12] Competitive Landscape - The box-type substation industry in China is characterized by a fragmented market with numerous participants. In 2024, a total of 125 companies won tenders from State Grid, with Shanghai Zhixin Electric Co., Ltd. leading with a bid amount of 23,382.65 million yuan, followed by Beijing Haocreat Electric Equipment Co., Ltd. and Ningbo Aokex Intelligent Technology Co., Ltd. with bid amounts of 19,427.42 million yuan and 16,613.87 million yuan, respectively [15][17] Development Trends - The future of box-type substations will leverage technologies such as IoT, big data, and artificial intelligence to enhance monitoring, control, and protection capabilities. This will enable real-time monitoring of equipment status, fault warnings, and automatic diagnostics, while also supporting remote control and management. Additionally, there will be a focus on using more efficient transformers and energy-saving switchgear to reduce energy loss and environmental impact [29][31]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603097 证券简称：江苏华辰 公告编号：2025-049 债券代码：113695 债券简称：华辰转债 江苏华辰变压器股份有限公司 关于使用募集资金置换预先投入募投项目 及已支付发行费用的自筹资金的公告 重要内容提示 江苏华辰变压器股份有限公司（以下简称"公司"）拟使用募集资金置换预先已投入募投项目及已支付发 行费用的自筹资金合计人民币30,185.63万元，其中公司以自筹资金预先投入募投项目金额合计29,866.89 万元，预先支付发行费用合计318.74 万元。符合募集资金到账后6个月内进行置换的相关规定。 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意江苏华辰变压器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〔2025〕988号），本公司公开发行可转换公司债券4,600,000张，每张面值 为人民币100.00元，按面值发行，发行总额为人民币46,000.00万元，坐扣承销费用490.00万元（不含增 值税）后的募集资金为45,510.00万元，已由主承销商甬兴证券有限公司于2025年6月26日汇入本公司募 ...

证券日报网讯 8月6日晚间，江苏华辰发布公告称，公司于2025年8月6日召开第三届董事会第二十次会 议，审议通过了《关于使用承兑汇票、信用证支付募投项目所需资金并以募集资金等额置换的议案》， 同意公司在向不特定对象发行可转换公司债券募集资金拟投资项目（简称"募投项目"）实施期间，使用 承兑汇票、信用证支付募投项目所需资金，并从募集资金专户划转等额资金至公司非募集资金专户，该 部分等额置换资金视同募投项目已使用资金。 （文章来源：证券日报） ...

证券日报网讯 8月6日晚间，江苏华辰发布公告称，公司于2025年8月6日召开第三届董事会第二十次会 议，审议通过了《关于使用部分闲置募集资金进行现金管理的议案》，同意公司使用不超过7，000.00 万元（含）的暂时闲置募集资金进行现金管理，使用期限为自公司董事会审议通过之日起12个月内。在 上述额度及有效期限内，公司可循环滚动使用。 （文章来源：证券日报） ...

证券日报网讯 8月6日晚间，江苏华辰发布公告称，公司于2025年8月6日召开第三届董事会第二十次会 议，审议通过《关于使用募集资金置换预先投入募投项目及已支付发行费用的自筹资金的议案》，公司 拟使用募集资金置换预先已投入募投项目及已支付发行费用的自筹资金合计人民币30，185.63万元，其 中公司以自筹资金预先投入募投项目金额合计29，866.89万元，预先支付发行费用合计318.74万元。符 合募集资金到账后6个月内进行置换的相关规定。 （文章来源：证券日报） ...

Group 1 - Jerry Holdings reported a net profit of 1.241 billion yuan for the first half of 2025, an increase of 14.04% year-on-year, with total revenue reaching 6.901 billion yuan, up 39.21% year-on-year [1] - Tian Tan Biological announced a net profit of 633 million yuan for the first half of 2025, a decrease of 12.88% year-on-year, with total revenue of 3.110 billion yuan, an increase of 9.47% year-on-year [2] - Shunbo Alloy achieved a net profit of 177 million yuan for the first half of 2025, a significant increase of 110.56% year-on-year, with total revenue of 7.126 billion yuan, up 11.75% year-on-year [7] Group 2 - Dashi Intelligent signed a contract for the Jingpai Building smart project with a total contract value of 34.06 million yuan, accounting for 1.07% of the company's audited revenue for 2024 [3] - Maglev Technology plans to invest 700 million yuan to establish a research and production base for maglev compressors, aiming to optimize product structure and enhance production capacity [4] - Koweil received government subsidies totaling 5.502 million yuan, which are expected to positively impact the company's profits for 2025 [5] Group 3 - Pengding Holdings reported a consolidated revenue of 3.002 billion yuan for July 2025, an increase of 12.28% compared to the same period last year [9] - Liuyou Group repurchased 544,500 shares at a price range of 18.29 to 18.36 yuan per share, totaling approximately 9.9828 million yuan [10] - Jin Xin Nong reported a sales revenue of 96.731 million yuan from pig sales in July 2025, with a total of 79,400 pigs sold [12] Group 4 - Jiangsu Huachen plans to use up to 70 million yuan of idle raised funds for cash management, investing in safe and liquid financial products [13] - Gongtong Pharmaceutical's subsidiary intends to purchase assets from an affiliate for 16.57 million yuan to build a wastewater treatment facility [15] - Tian Shi Li appointed Wang Yimin as the vice general manager, effective immediately [16] Group 5 - Zhejiang Yongqiang established a subsidiary in Indonesia with a registered capital of 230 billion Indonesian rupiah, focusing on overseas capacity investment and international trade [18] - Wangli Security received three invention patents, enhancing its product portfolio in security locks [20] - Shennong Group reported a sales revenue of 327 million yuan from pig sales in July 2025, with an average selling price of 14.73 yuan per kilogram [21] Group 6 - Dize Pharmaceutical's product DZD8586 received fast track designation from the FDA for treating relapsed refractory chronic lymphocytic leukemia [23] - Daqin Railway reported a cargo transportation volume of 31.79 million tons in July 2025, a year-on-year increase of 5.40% [24] - Xin Hongye's subsidiary won a bid for a nuclear-grade cable procurement project worth 81.58 million yuan [26] Group 7 - Hainan Hengbo established a wholly-owned subsidiary with a registered capital of 50 million yuan, focusing on technology services and new material technology research [26] - Changhong Huayi reported a net profit of 257 million yuan for the first half of 2025, an increase of 13.42% year-on-year, with total revenue of 6.628 billion yuan [27] - Haiguang Information achieved a net profit of 1.201 billion yuan for the first half of 2025, an increase of 40.78% year-on-year, with total revenue of 5.464 billion yuan [28] Group 8 - Dongmu Co. reported a net profit of 261 million yuan for the first half of 2025, an increase of 37.61% year-on-year, with total revenue of 2.930 billion yuan [29] - Hanma Technology announced the resignation of its executive vice president due to personal reasons [30] - Guangge Technology's shareholders plan to reduce their holdings by up to 4.04% of the company's shares [31] Group 9 - *ST Energy's subsidiary won a bid for an independent energy storage project with a total bid price of 320 million yuan for design and 301 million yuan for construction [32] - Chipeng Micro plans to reduce its holdings by up to 2% of the company's shares due to personal financial needs [33] - Ancar Detection announced a change in its controlling shareholder to Silicon Technology, with stock resuming trading [35] Group 10 - Dahao Technology's vice president is temporarily unable to perform duties due to health reasons [36] - Sanjiang Shopping's cooperation agreement with Hema will not be renewed after its expiration in March 2026 [37] - Huisheng Biological reported a net profit of 117 million yuan for the first half of 2025, a year-on-year increase of 325.88% [38] Group 11 - Dongshan Precision plans to increase capital in its subsidiary by 3.5 billion USD to support high-end PCB projects [39] - Yunnan Copper's subsidiary's bankruptcy liquidation application has been accepted by the court due to resource depletion [40] - Shanghai Bank's board member and chairman's qualifications have been approved by regulatory authorities [41] Group 12 - Junwei Electronics plans to acquire 100% of Flat Electronics Co., Ltd. for 2.6 billion yen to enter the film resistor market [42] - Daodaoquan's controlling shareholder plans to increase its stake in the company by 50 million to 100 million yuan [43] - Yinglian Co.'s subsidiary signed a strategic cooperation agreement with a well-known cylindrical battery company [45] Group 13 - Debang Technology's state integrated circuit fund plans to reduce its holdings by up to 3% of the company's shares [47] - Tianyi New Materials plans to sell part of its subsidiary's assets for 51.4 million yuan to improve cash flow [49] - Rongtai Co. intends to acquire 51% of Zhongshan Aoduo for 288 million yuan [51]

Core Viewpoint - Jiangsu Huachen Transformer Co., Ltd. has made significant decisions regarding the use of raised funds, focusing on improving fund efficiency and ensuring compliance with regulations [1][2][3] Group 1: Board Meeting Details - The third meeting of the board of directors was held on August 2, with all 8 directors present, confirming the legality and validity of the meeting [1] - The meeting was convened by Chairman Zhang Xiaojin, with all senior management in attendance [1] Group 2: Fund Usage Resolutions - The board approved the use of raised funds to replace self-raised funds previously invested in projects and to cover issuance costs, totaling RMB 301.8563 million [1][2] - The board agreed to use bank acceptance bills and letters of credit for project funding, with a commitment to replace these with raised funds without affecting the investment plan [2] - The board authorized the use of up to RMB 70 million of idle raised funds for cash management to enhance returns for the company and shareholders, with a 12-month validity for this decision [2][3]

关于使用承兑汇票、信用证支付募投项目所需资金并以募 证券代码：603097 证券简称：江苏华辰 公告编号：2025-050 集资金等额置换的公告 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。 江苏华辰变压器股份有限公司（以下简称"公司"）于 2025 年 8 月 6 日召开第三 届董事会第二十次会议，审议通过了《关于使用承兑汇票、信用证支付募投项目所需资 金并以募集资金等额置换的议案》，同意公司在向不特定对象发行可转换公司债券募集 资金拟投资项目（以下简称"募投项目"）实施期间，使用承兑汇票、信用证支付募投 项目所需资金，并从募集资金专户划转等额资金至公司非募集资金专户，该部分等额置 换资金视同募投项目已使用资金。公司保荐机构甬兴证券有限公司（以下简称"保荐机 构"）对本事项出具了明确的核查意见。现将相关事项公告如下： 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意江苏华辰变压器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〔2025〕988 号），本公司公开发行可 转换公司债券 4,600, ...

证券代码：603097 证券简称：江苏华辰 公告编号：2025-051 ● 投资金额：拟使用闲置募集资金购买理财产品的总额度不超过 7,000.00 万元 （含），在额度内可以循环滚动使用； ● 履行的审议程序：江苏华辰变压器股份有限公司（以下简称"公司"）于 2025 年 8 月 6 日召开第三届董事会第二十次会议，审议通过了《关于使用部分闲置募集资金 进行现金管理的议案》，同意公司使用不超过 7,000.00 万元（含）的暂时闲置募集资金 进行现金管理，使用期限为自公司董事会审议通过之日起 12 个月内。在上述额度及有 效期限内，公司可循环滚动使用，公司董事会授权管理层行使投资决策并签署相关合同 文件； ● 特别风险提示：尽管稳健型银行理财产品属于低风险投资品种，但金融市场 受宏观经济的影响较大，不排除该项投资受到市场波动的影响；公司将根据经济形势以 及金融市场的变化适时适量地介入，因此相关投资的实际收益不可预期，敬请广大投资 者注意投资风险。 债券代码：113695 债券简称：华辰转债 江苏华辰变压器股份有限公司 关于使用部分闲置募集资金进行现金管理的公告 本公司董事会及全体董事保证本公告内容不存在任何 ...