Core Viewpoint - The company Shanghai Huguang (603131.SH) plans to sell 40% of its stake in Nanchang Huhang Industrial Co., Ltd. to Shu Hongrui for a transaction price of 28.9034 million yuan, aiming to optimize resource allocation and asset structure, focusing on high-end equipment and intelligent manufacturing [1] Group 1 - The transaction will result in the company no longer holding any stake in Nanchang Huhang Industrial Co., Ltd. after completion [1] - The transaction price is based on an assessment report from a qualified asset evaluation agency [1] - This transaction is classified as a related party transaction and does not constitute a major asset restructuring [1] Group 2 - The relevant agreements related to this transaction will take effect after being signed by both parties following the board's approval [1]

| 证券代码：603131 | 证券简称：上海沪工 | 公告编号：2026-013 | | --- | --- | --- | | 债券代码：113593 | 债券简称：沪工转债 | | 上海沪工焊接集团股份有限公司 关于实施"沪工转债"赎回暨摘牌的第六次提示性公 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、准确性和完整性依法承担法律责任。 重要内容提示： 一、赎回条款 根据公司《募集说明书》约定，在本次发行的可转债转股期内，如果公司 A 股股票连续三十个交易日中至少有十五个交易日的收盘价不低于当期转股价格 的 130%（含 130%），或本次发行的可转债未转股余额不足人民币 3,000 万元时， 公司有权按照债券面值加当期应计利息的价格赎回全部或部分未转股的可转债。 "沪工转债"已停止交易，公司特提醒"沪工转债"持有人注意在限期 内转股。 上海沪工焊接集团股份有限公司（以下简称"公司"）的股票自 2025 年 11 月 12 日至 2025 年 12 月 9 日期间，满足连续三十个交易日内有十五个交易日收 盘价格不低于"沪工转债"当期转股价格的 ...

| 证券代码：603131 | 证券简称：上海沪工 | 公告编号：2026-012 | | --- | --- | --- | | 债券代码：113593 | 债券简称：沪工转债 | | （一）本次交易的基本情况 1、本次交易概况 2020 年 10 月 22 日，公司与舒宏瑞、南昌基普企业管理中心（有限合伙） 以现金方式共同出资设立南昌沪航工业有限公司，其中，公司出资 4,000 万元持 有南昌沪航工业有限公司 40%的股权，自南昌沪航工业有限公司成立以来向公司 分红合计 11,209,751.29 元。2024 年 1 月至 2025 年 10 月期间，南昌沪航工业 有限公司合计亏损达到 49,392,932.72 元。为了顺应公司业务发展新趋势，公司 拟进行战略聚焦，并通过对经营业绩不佳的资产的剥离，进一步改善经营业绩。 上海沪工焊接集团股份有限公司 关于出售参股公司股权暨关联交易的公告 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： 交易简要内容：上海沪工焊接集团股份有限公司（以下简称"公司"）拟 将其 ...

Core Viewpoint - The announcement details the redemption and delisting of the "HuGong Convertible Bonds" (沪工转债), with specific dates and conditions for bondholders to act before the final trading and conversion dates [1][4][17]. Redemption Details - The last trading day for the "HuGong Convertible Bonds" is January 16, 2026, with only one trading day remaining as of January 15, 2026 [2][13]. - The last conversion date for the bonds is January 21, 2026, with four trading days left as of January 15, 2026 [3][13]. - The bonds will be redeemed at a price of 101.4268 CNY per bond, which includes the face value and accrued interest [4][9]. Conditions for Redemption - The conditional redemption was triggered as the company's stock price met the requirement of being at least 130% of the conversion price (21.09 CNY), specifically reaching 27.417 CNY during 15 out of 30 trading days from November 12 to December 9, 2025 [5][8]. - The redemption registration date is January 21, 2026, and the redemption payment date is January 22, 2026 [6][12]. Investor Actions - Bondholders are advised to either convert their bonds at the conversion price of 21.09 CNY per share or sell them in the secondary market before the last trading day to avoid forced redemption [4][18]. - If not converted or sold, the bonds will be forcibly redeemed at the set price, potentially leading to significant investment losses due to the difference between market price and redemption price [4][17]. Delisting Information - The "HuGong Convertible Bonds" will be delisted from the Shanghai Stock Exchange starting January 22, 2026, following the completion of the redemption process [4][14].

Group 1 - The company Shanghai Huguo (603131) reported that as of January 10, 2026, the number of shareholders is 56,582 [1]

赎回登记日：2026 年 1 月 21 日 赎回价格：101.4268 元/张 赎回款发放日：2026 年 1 月 22 日 最后交易日：2026 年 1 月 16 日 截至 2026 年 1 月 15 日收市后，距离 2026 年 1 月 16 日（"沪工转债" 最后交易日）仅剩 1 个交易日，2026 年 1 月 16 日为"沪工转债"最后 一个交易日。 最后转股日：2026 年 1 月 21 日 截至 2026 年 1 月 15 日收市后，距离 2026 年 1 月 21 日（"沪工转债" 最后转股日）仅剩 4 个交易日，2026 年 1 月 21 日为"沪工转债"最后 一个转股日。 本次提前赎回完成后，"沪工转债"将自 2026 年 1 月 22 日起在上海证 券交易所摘牌。 投资者所持"沪工转债"除在规定时限内通过二级市场继续交易或按照 21.09 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 1.4268（即合计 101.4268 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"沪工转债"持有人注意在限期内转股或卖出。 盘价格不低于"沪工转债 ...

Market Overview - The general equipment sector experienced a decline of 0.47% on January 15, with Daye Co., Ltd. leading the losses [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] Top Gainers in General Equipment Sector - Jingce Electronics (300567) saw a closing price of 119.00, with an increase of 8.10% and a trading volume of 185,800 shares [1] - Xinlei Co., Ltd. (301317) closed at 37.25, up 7.60%, with a trading volume of 91,100 shares [1] - Yingliu Co., Ltd. (603308) closed at 48.44, increasing by 5.83% with a trading volume of 266,700 shares [1] - Other notable gainers include Youlide (688628) at 36.92 (+5.79%), Tongfei Co., Ltd. (300990) at 91.37 (+5.34%), and Baonanchangke (688433) at 80.68 (+5.05%) [1] Top Losers in General Equipment Sector - Daye Co., Ltd. (603278) reported a significant drop of 10.03%, closing at 12.92 with a trading volume of 437,400 shares [2] - Aerospace Power (600343) also fell by 10.00%, closing at 44.09 with a trading volume of 905,600 shares [2] - Other major decliners include Luxin Investment (600783) at 31.95 (-10.00%), JuLi Sockets (002342) at 12.60 (-10.00%), and Snowman Group (002639) at 24.23 (-9.99%) [2] Capital Flow Analysis - The general equipment sector saw a net outflow of 4.127 billion yuan from institutional investors, while retail investors contributed a net inflow of 3.994 billion yuan [2] - The sector experienced a net inflow of 134 million yuan from speculative funds [2] Individual Stock Capital Flow - Jingce Electronics (300567) had a net inflow of 244 million yuan from institutional investors, accounting for 11.41% of its trading volume [3] - New Lai Materials (300260) reported a net inflow of 162 million yuan, with a net outflow of 52.41 million yuan from speculative funds [3] - Other stocks with notable capital flows include Zongshen Power (001696) with a net inflow of 96.49 million yuan and a net outflow of 99.06 million yuan from retail investors [3]

Core Viewpoint - Shanghai Huguang Welding Group Co., Ltd. is implementing the early redemption of its convertible bonds ("Huguang Convertible Bonds") and will delist them from the Shanghai Stock Exchange after the redemption process is completed [1][4]. Redemption Details - The last trading day for the "Huguang Convertible Bonds" is January 16, 2026, with only 2 trading days remaining as of January 14, 2026 [2][7]. - The last conversion date for the bonds is January 21, 2026, with 5 trading days left as of January 14, 2026 [3][7]. - The redemption price is set at 101.4268 CNY per bond, which includes the face value and accrued interest [4][11]. - The redemption will take effect on January 22, 2026, after which the bonds will be delisted [4][14]. Conditions for Redemption - The conditional redemption clause was triggered as the company's stock price met the requirement of being at least 130% of the conversion price (21.09 CNY), which is 27.417 CNY, for 15 out of 30 consecutive trading days from November 12 to December 9, 2025 [5][9]. - The company’s board approved the early redemption on December 9, 2025 [5][9]. Redemption Process - The redemption registration date is January 21, 2026, and all holders registered by this date will be eligible for redemption [10][14]. - The accrued interest is calculated based on the formula: IA = B × i × t / 365, where IA is the accrued interest, B is the total face value held, i is the annual coupon rate, and t is the number of days from the last interest payment to the redemption date [8][12]. Tax Implications - Individual investors are subject to a 20% personal income tax on the interest income from the bonds, resulting in a net redemption amount of approximately 101.14144 CNY per bond after tax [16]. - Corporate investors are responsible for their own tax payments on interest income [16]. Important Reminders - Investors are advised to convert or sell their bonds within the specified time frame to avoid forced redemption at the lower price [18]. - The current market price of the bonds as of January 14, 2026, is significantly higher at 144.818 CNY, indicating potential losses if investors do not act promptly [17].

重要内容提示： 上海沪工焊接集团股份有限公司（以下简称"公司"）的股票自 2025 年 11 月 12 日至 2025 年 12 月 9 日期间，满足连续三十个交易日内有十五个交易日收 | 证券代码：603131 | 证券简称：上海沪工 | 公告编号：2026-010 | | --- | --- | --- | | 债券代码：113593 | 债券简称：沪工转债 | | 上海沪工焊接集团股份有限公司 关于实施"沪工转债"赎回暨摘牌的第四次提示性公 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、准确性和完整性依法承担法律责任。 赎回登记日：2026 年 1 月 21 日 赎回价格：101.4268 元/张 赎回款发放日：2026 年 1 月 22 日 最后交易日：2026 年 1 月 16 日 截至 2026 年 1 月 14 日收市后，距离 2026 年 1 月 16 日（"沪工转债" 最后交易日）仅剩 2 个交易日，2026 年 1 月 16 日为"沪工转债"最后 一个交易日。 最后转股日：2026 年 1 月 21 日 截至 2026 年 1 月 ...

Core Viewpoint - Shanghai Huguang Welding Group Co., Ltd. is implementing the early redemption of its convertible bonds ("Huguang Convertible Bonds") and will delist them from the Shanghai Stock Exchange after the redemption process is completed [1][4]. Redemption Details - The last trading day for the "Huguang Convertible Bonds" is January 16, 2026, with only three trading days remaining as of January 13, 2026 [2][7]. - The last conversion date for the bonds is January 21, 2026, with six trading days remaining as of January 13, 2026 [3][7]. - The redemption price is set at 101.4268 CNY per bond, which includes the face value of 100 CNY plus accrued interest of 1.4268 CNY [4][11]. Conditions for Redemption - The conditional redemption clause was triggered as the company's stock price met the requirement of being at least 130% of the conversion price (21.09 CNY), which is 27.417 CNY, for at least 15 out of 30 consecutive trading days from November 12 to December 9, 2025 [5][9]. - The redemption will apply to all holders of "Huguang Convertible Bonds" registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on January 21, 2026 [10]. Accrued Interest Calculation - The accrued interest is calculated using the formula: IA = B × i × t / 365, where B is the total face value of the bonds held, i is the annual coupon rate (2.80%), and t is the number of days from the last interest payment date (July 20, 2025) to the redemption date (January 22, 2026), totaling 186 days [8][12]. Tax Implications - Individual investors are subject to a 20% personal income tax on the interest income from the bonds, resulting in a net redemption amount of approximately 101.14144 CNY per bond after tax [16].