| 证券代码：603112 | 证券简称：华翔股份 公告编号：2025-063 | | --- | --- | | 转债代码：113637 | 转债简称：华翔转债 | 山西华翔集团股份有限公司 关于实施"华翔转债"赎回暨摘牌的第五次提示性公告 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。 重要内容提示： 截至 2025 年 5 月 28 日收市后，距离 6 月 6 日（"华翔转债"最后交易日）仅 剩 6 个交易日，6 月 6 日为"华翔转债"最后一个交易日。 最后转股日：2025 年 6 月 11 日 截至 2025 年 5 月 28 日收市后，距离 6 月 11 日（"华翔转债"最后转股日） 仅剩 9 个交易日，6 月 11 日为"华翔转债"最后一个转股日。 本次提前赎回完成后，"华翔转债"将自 2025 年 6 月 12 日起在上海证券 交易所摘牌。 投资者所持可转债除在规定时限内通过二级市场继续交易或按照 11.65 元 /股的转股价格进行转股外，仅能选择以 100 元/张的票面价格加当期应计利息（即 100.7068 ...

| 证券代码：603112 | 证券简称：华翔股份 公告编号：2025-062 | | --- | --- | | 转债代码：113637 | 转债简称：华翔转债 | 截至 2025 年 5 月 27 日收市后，距离 6 月 11 日（"华翔转债"最后转股日） 仅剩 10 个交易日，6 月 11 日为"华翔转债"最后一个转股日。 本次提前赎回完成后，"华翔转债"将自 2025 年 6 月 12 日起在上海证券 交易所摘牌。 投资者所持可转债除在规定时限内通过二级市场继续交易或按照 11.65 元 /股的转股价格进行转股外，仅能选择以 100 元/张的票面价格加当期应计利息（即 100.7068 元）被强制赎回。若被强制赎回，可能面临较大投资损失。 公司特提醒"华翔转债"持有人注意在限期内转股或卖出。 山西华翔集团股份有限公司（以下简称"公司"或"本公司"）股票自 2025 年 3 月 21 日至 2025 年 4 月 25 日，在连续二十五个交易日中已有十五个交易日的 收盘价不低于当期转股价格 11.65 元/股的 130%，即 15.15 元/股。根据《山西华翔 集团股份有限公司公开发行可转换公司债券募集说 ...

| 证券代码：603112 | 证券简称：华翔股份 公告编号：2025-061 | | --- | --- | | 转债代码：113637 | 转债简称：华翔转债 | 山西华翔集团股份有限公司 关于实施"华翔转债"赎回暨摘牌的第三次提示性公告 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。 重要内容提示： 截至 2025 年 5 月 26 日收市后，距离 6 月 6 日（"华翔转债"最后交易日）仅 剩 8 个交易日，6 月 6 日为"华翔转债"最后一个交易日。 最后转股日：2025 年 6 月 11 日 截至 2025 年 5 月 26 日收市后，距离 6 月 11 日（"华翔转债"最后转股日） 仅剩 11 个交易日，6 月 11 日为"华翔转债"最后一个转股日。 本次提前赎回完成后，"华翔转债"将自 2025 年 6 月 12 日起在上海证券 交易所摘牌。 投资者所持可转债除在规定时限内通过二级市场继续交易或按照 11.65 元 /股的转股价格进行转股外，仅能选择以 100 元/张的票面价格加当期应计利息（即 100.706 ...

| 证券代码：603112 | 证券简称：华翔股份 | 公告编号：2025-060 | | --- | --- | --- | | 转债代码：113637 | 转债简称：华翔转债 | | 山西华翔集团股份有限公司 关于实施"华翔转债"赎回暨摘牌的第二次提示性公告 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。 重要内容提示： 一、赎回条款 根据公司《募集说明书》，"华翔转债"有条件赎回条款为： 截至 2025 年 5 月 23 日收市后，距离 6 月 6 日（"华翔转债"最后交易日）仅 剩 9 个交易日，6 月 6 日为"华翔转债"最后一个交易日。 最后转股日：2025 年 6 月 11 日 截至 2025 年 5 月 23 日收市后，距离 6 月 11 日（"华翔转债"最后转股日） 仅剩 12 个交易日，6 月 11 日为"华翔转债"最后一个转股日。 本次提前赎回完成后，"华翔转债"将自 2025 年 6 月 12 日起在上海证券 交易所摘牌。 投资者所持可转债除在规定时限内通过二级市场继续交易或按照 11.65 元 /股的 ...

Investment Rating - The industry rating is "Outperform the Market" (maintained rating) [6] Core Insights - The pool cleaning robot market is experiencing rapid growth, transitioning from the introduction phase to a fast-growing phase, with a projected global penetration rate of 28% by 2026 [2][16] - The demand for pool cleaning robots is expected to reach approximately 10.34 million units by 2026, with a market size of around $3.1 billion, based on an average product price of $300 [2][16] - The competitive landscape is concentrated, with the top 10 brands holding over 80% market share, creating opportunities for Chinese brands to gain market share due to a lack of innovation in the industry [3][19] Summary by Sections Section 1: Market Growth - The number of pools globally is projected to grow from 28.88 million in 2021 to 36.92 million by 2026, representing a compound annual growth rate (CAGR) of 5% [1][13] - The U.S. market is particularly significant, with the number of pools increasing from 10.6 million in 2021 to over 19 million in 2022, with private pools accounting for over 70% [1][13] Section 2: Penetration and Demand - By 2026, the penetration rates for pool cleaning robots in the U.S., Europe, and Oceania are expected to reach 39%, 35%, and 34% respectively [2][16] - The projected demand for pool cleaning robots is approximately 10.34 million units by 2026, with a market size of $3.1 billion [2][16] Section 3: Competitive Landscape - The market is dominated by a few brands, with Maytronics experiencing its first double-digit revenue decline in five years, indicating a shift in the competitive dynamics [4][19] - Chinese brands have made significant inroads, occupying five of the top ten positions on major platforms, with a combined market share of 31%, up from 15.9% in 2022 [3][19] Section 4: Product Challenges - Current products face high levels of homogeneity, with common issues including a lack of sensors and low levels of intelligence, which if addressed, could disrupt the industry [4][22] - The main functionalities of pool cleaning robots are limited by the available sensor technology, which poses challenges for manufacturers [4][22]

Investment Rating - The industry rating is maintained at "Outperform the Market" [6] Core Insights - The pool cleaning robot market is experiencing rapid growth, transitioning from the introduction phase to a fast-growing phase, with a projected global penetration rate of 28% by 2026 [2][16] - The global pool count is expected to increase from 28.88 million in 2021 to 36.92 million by 2026, with a compound annual growth rate (CAGR) of 5% [1][16] - The market size for pool cleaning robots is projected to reach approximately $3.1 billion by 2026, based on an estimated demand of 10.34 million units at an average price of $300 [2][16] Summary by Sections Market Growth - The demand for pool cleaning robots is driven by the increasing number of pools globally, particularly in the U.S., where the number of pools rose from 10.6 million in 2021 to over 19 million in 2022 [1][15] - The U.S. market is expected to lead in penetration rates, with projections of 39% by 2026 [2][16] Competitive Landscape - The market is highly concentrated, with the top 10 brands holding over 80% market share as of 2023, primarily dominated by brands like Dolphin, Polaris, BWT, and Hayward [3][19] - Chinese brands have gained significant market share, increasing from 15.9% in 2022 to 31% in 2023 on major platforms [3][19] Product Challenges - Current products face high levels of homogeneity, with common issues such as a lack of sensors and low levels of automation, which presents opportunities for innovation [4][22] - The leading manufacturer, Maytronics, has reported a double-digit revenue decline for the first time in five years, indicating a shift in the competitive landscape [4][25] Investment Recommendations - Recommended stocks include major appliance manufacturers such as Gree Electric, Midea Group, Hisense, and Haier, as well as smaller appliance companies like Ecovacs and Roborock [5]

| 证券代码：603112 | 证券简称：华翔股份 | 公告编号：2025-059 | | --- | --- | --- | | 转债代码：113637 | 转债简称：华翔转债 | | 山西华翔集团股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的提示性公告 山西临汾华翔实业有限公司保证向本公司提供的信息真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | 比例减少 | | --- | --- | --- | | 权益变动前合计比例 | 57.75% | | | 权益变动后合计比例 | 56.92% | | | 本次变动是否违反已作出的承诺、意向、计划 | 是□ | 否 | | 是否触发强制要约收购义务 | 是□ | 否 | 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | 控股股东/实际控制人及其一致行动人 | | --- | --- | | | □其他 5%以上大股东及其一致行动人 | | 投资者及其一致行动人的身份 | □合并口径第一大股东及 ...

| 证券代码：603112 | 证券简称：华翔股份 | 公告编号：2025-058 | | --- | --- | --- | | 转债代码：113637 | 转债简称：华翔转债 | | 山西华翔集团股份有限公司 关于实施"华翔转债"赎回暨摘牌的第一次提示性公告 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。 重要内容提示： 截至 2025 年 5 月 22 日收市后，距离 6 月 6 日（"华翔转债"最后交易日）仅 剩 10 个交易日，6 月 6 日为"华翔转债"最后一个交易日。 最后转股日：2025 年 6 月 11 日 截至 2025 年 5 月 22 日收市后，距离 6 月 11 日（"华翔转债"最后转股日） 仅剩 13 个交易日，6 月 11 日为"华翔转债"最后一个转股日。 本次提前赎回完成后，"华翔转债"将自 2025 年 6 月 12 日起在上海证券 交易所摘牌。 当期应计利息的计算公式为： IA=B×i×t/365 投资者所持可转债除在规定时限内通过二级市场继续交易或按照 11.65 元 /股的转股价格进行转 ...

Core Viewpoint - The company, Shanxi Huaxiang Group Co., Ltd., has announced the early redemption of its convertible bonds, "Huaxiang Convertible Bonds," due to the stock price meeting the necessary conditions for redemption [1][2][3]. Redemption Details - The redemption date is set for June 11, 2025, with a redemption price of 100.7068 CNY per bond [1][4]. - The last trading day for the "Huaxiang Convertible Bonds" is June 6, 2025, and the last conversion day is also June 11, 2025 [1][7]. - The company will issue the redemption payments on June 12, 2025 [6]. Conditions for Redemption - The bonds were triggered for conditional redemption as the stock price was above 130% of the conversion price for 15 out of 25 trading days from March 21 to April 25, 2025 [2][4]. - The redemption applies to all bondholders registered by the close of trading on June 11, 2025 [4][5]. Interest Calculation - The accrued interest for the bonds is calculated using the formula: IA = B × i × t / 365, where B is the total face value, i is the annual coupon rate, and t is the number of days from the last interest payment to the redemption date [4][5]. - The calculated accrued interest amounts to 0.7068 CNY per bond, leading to a total redemption price of 100.7068 CNY [4][5]. Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 100.5654 CNY after tax [5][6]. - Non-resident enterprises are exempt from corporate income tax on the interest income from these bonds [5]. Trading and Conversion - Investors are reminded to convert or sell their bonds within the specified period to avoid forced redemption at the lower price [2][8]. - The current market price of the bonds is significantly higher than the redemption price, indicating potential losses for investors who do not act in time [8].

| 证券代码：603112 | 证券简称：华翔股份 | 公告编号：2025-057 | | --- | --- | --- | | 转债代码：113637 | 转债简称：华翔转债 | | 山西华翔集团股份有限公司 关于实施"华翔转债"赎回暨摘牌的公告 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： 证券停复牌情况：适用 因提前赎回公司可转换债券,本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 113637 | 华翔转债 | 可转债债券停牌 | 2025/6/9 | | | | 现依据《上市公司证券发行管理办法》《可转换公司债券管理办法》《上海证 券交易所股票上市规则》和本公司《募集说明书》的有关条款，就赎回有关事项 向全体"华翔转债"持有人公告如下： 截至 2025 年 5 月 21 日收市后，距离 6 月 6 日（"华翔转债"最 ...