| 证券代码：603186 | 证券简称：华正新材 | 公告编号 2026-012 | | --- | --- | --- | | 转债代码：113639 | 转债简称：华正转债 | | 浙江华正新材料股份有限公司 关于实施"华正转债"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个别及连带责任。 重要内容提示： 截至 2026 年 2 月 9 日收市后，距离 2 月 10 日（"华正转债"最后交易日， 含当日）仅剩 1 个交易日，2 月 10 日为"华正转债"最后一个交易日。 最后转股日：2026 年 2 月 13 日 投资者所持"华正转债"除在规定时限内通过二级市场继续交易或按照 38.51 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 100.1529 元/张）被强制赎回。若被强制赎回，可能面临较大 投资损失。 特提醒"华正转债"持有人注意在限期内转股或卖出。 浙江华正新材料股份有限公司（以下简称"公司"）的股票自 2025 年 12 月 29 日至 2026 ...

Core Viewpoint - The article emphasizes the increasing demand for ABF (Ajinomoto Build-up Film) substrates driven by advancements in AI, high-performance computing, and other technologies, predicting a supply-demand gap that will worsen over the coming years, with a projected gap of 10% by the second half of 2026 and potentially reaching 42% by 2028 [2][3]. Group 1: ABF Film Overview - ABF film is a critical insulating material used in semiconductor packaging, developed by Ajinomoto, and is essential for high-density interconnections in advanced microprocessors [8][10]. - The film consists of three layers: a supporting medium (PET), ABF resin, and a protective film, with the resin's components significantly affecting its dielectric and thermal properties [10][12]. Group 2: Market Analysis - The global IC packaging substrate market is projected to grow from approximately 96.1 billion yuan in 2024 to 135.0 billion yuan by 2028, with a compound annual growth rate (CAGR) of 8.8% [31]. - The demand for ABF substrates is primarily driven by high-performance computing, 5G communication, and automotive electronics, with the latter two being the fastest-growing markets [27][41]. Group 3: Competitive Landscape - Ajinomoto dominates the ABF film market with over 95% market share, creating a significant barrier for new entrants due to its extensive patent portfolio and established customer relationships [46][48]. - Other companies attempting to enter the market include a few Japanese firms and some Chinese companies, but they lack the market influence of Ajinomoto [46][48]. Group 4: Future Directions and Investment Logic - The article suggests that the ongoing technological upgrades and the shift in demand structure towards AI applications will create long-term growth opportunities in the ABF film market [2][3]. - The need for domestic production of ABF materials in China is highlighted as a strategic move to mitigate supply chain risks and capitalize on the growing market demand [3].

Group 1 - The company Huazheng New Materials announced the redemption date for its "Huazheng Convertible Bonds" as February 13, 2026, with a redemption price of 100.1529 CNY per bond [2] - The last trading day for the bonds is set for February 10, 2026, and the last conversion day is February 13, 2026, with delisting occurring on February 24, 2026 [2] - Bonds that are not converted will be forcibly redeemed at 100.1529 CNY per bond, while the closing price on February 6, 2026, was 171.049 CNY per bond, indicating a significant potential loss for those who do not act in time [2]

| 证券代码：603186 | 证券简称：华正新材 | 公告编号 2026-011 | | --- | --- | --- | | 转债代码：113639 | 转债简称：华正转债 | | 浙江华正新材料股份有限公司 关于实施"华正转债"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、准确性和完整性承担个别及连带责任。 重要内容提示： 截至 2026 年 2 月 6 日收市后，距离 2 月 10 日（"华正转债"最后交易日， 含当日）仅剩 2 个交易日，2 月 10 日为"华正转债"最后一个交易日。 最后转股日：2026 年 2 月 13 日 截至 2026 年 2 月 6 日收市后，距离 2 月 13 日（"华正转债"最后转股日， 含当日）仅剩 5 个交易日，2 月 13 日为"华正转债"最后一个转股日。 本次提前赎回完成后，"华正转债"将自 2026 年 2 月 24 日起在上海证 券交易所摘牌。 一、赎回条款 根据公司《可转债募集说明书》的相关条款，"华正转债"的有条件赎回条 款如下： 转股期内，当下述两种情形的任意一种出 ...

Core Viewpoint - The company, Zhejiang Huazheng New Materials Co., Ltd., has announced the early redemption of its convertible bonds ("Huazheng Convertible Bonds") due to the fulfillment of certain conditions, with the last trading day set for February 10, 2026, and the bonds to be delisted from the Shanghai Stock Exchange on February 24, 2026 [2][4][13]. Redemption Details - The last conversion date for the bonds is February 13, 2026, with only six trading days remaining as of February 5, 2026 [3][12]. - The redemption price is set at 100.1529 yuan per bond, which includes accrued interest [6][8]. - The redemption registration date is February 13, 2026, and the payment date for the redemption amount is February 24, 2026 [6][11]. Conditions for Redemption - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price (38.51 yuan) for at least 15 trading days [5][7]. - The redemption can occur if either the stock price condition is met or if the remaining unconverted bonds are less than 30 million yuan [7]. Investor Actions - Investors are advised to either convert their bonds or sell them in the secondary market before the last trading day to avoid forced redemption [4][16]. - The company will freeze all unconverted bonds after the registration date, and they will be redeemed at the specified price [9][16]. Tax Implications - Individual investors are subject to a 20% tax on interest income from the bonds, affecting the net redemption amount [14][15].

| 证券代码：603186 | 证券简称：华正新材 | 公告编号 2026-010 | | --- | --- | --- | | 转债代码：113639 | 转债简称：华正转债 | | 浙江华正新材料股份有限公司 关于实施"华正转债"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个别及连带责任。 重要内容提示： 截至 2026 年 2 月 5 日收市后，距离 2 月 10 日（"华正转债"最后交易日， 含当日）仅剩 3 个交易日，2 月 10 日为"华正转债"最后一个交易日。 最后转股日：2026 年 2 月 13 日 一、赎回条款 截至 2026 年 2 月 5 日收市后，距离 2 月 13 日（"华正转债"最后转股日， 含当日）仅剩 6 个交易日，2 月 13 日为"华正转债"最后一个转股日。 本次提前赎回完成后，"华正转债"将自 2026 年 2 月 24 日起在上海证 券交易所摘牌。 投资者所持"华正转债"除在规定时限内通过二级市场继续交易或按照 38.51 元/股的转股价格进行转股外，仅能选择以 ...

| 证券代码：603186 | 证券简称：华正新材 | 公告编号 2026-009 | | --- | --- | --- | | 转债代码：113639 | 转债简称：华正转债 | | 浙江华正新材料股份有限公司 关于实施"华正转债"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个别及连带责任。 重要内容提示： 截至 2026 年 2 月 4 日收市后，距离 2 月 10 日（"华正转债"最后交易日， 含当日）仅剩 4 个交易日，2 月 10 日为"华正转债"最后一个交易日。 最后转股日：2026 年 2 月 13 日 当期转股价格的 130%，即不低于 50.06 元/股。根据《华正新材公开发行可转换 公司债券募集说明书》（以下简称"《可转债募集说明书》"）的约定，已触发 "华正转债"的有条件赎回条款。公司于 2026 年 1 月 23 日召开第五届董事会第 二十二次会议，审议通过了《关于提前赎回"华正转债"的议案》，决定行使"华 正转债"的提前赎回权，按照债券面值加当期应计利息的价格对赎回登记日登记 ...

Core Viewpoint - Zhejiang Huazheng New Materials Co., Ltd. is implementing the early redemption of its convertible bonds, "Huazheng Convertible Bonds," with specific deadlines for trading and conversion [2][3][4]. Redemption Details - The last trading day for "Huazheng Convertible Bonds" is February 10, 2026, and the last conversion day is February 13, 2026 [2][3]. - The redemption price is set at 100.1529 CNY per bond, which includes accrued interest [4][9]. - The redemption will be executed on February 24, 2026, and the bonds will be delisted from the Shanghai Stock Exchange on the same day [4][13]. Conditions for Redemption - The conditional redemption clause was triggered as the company's stock price was above 130% of the conversion price for 15 trading days from December 29, 2025, to January 23, 2026 [5][8]. - The redemption applies to all holders registered by the redemption registration date of February 13, 2026 [8][10]. Interest and Taxation - The accrued interest for the bonds is calculated based on a rate of 1.80%, resulting in an additional 0.1529 CNY per bond [9]. - Tax implications for individual investors include a 20% tax on interest income, affecting the net redemption amount [14][15]. Trading and Conversion Reminders - Investors are advised to convert or sell their bonds within the specified time frame to avoid forced redemption [5][12][17]. - As of February 3, 2026, the market price of the bonds was significantly higher than the redemption price, indicating potential losses for investors who do not act in time [17].

Core Viewpoint - Huazheng New Materials announced that the last conversion date for "Huazheng Convertible Bonds" is February 13, 2026, with only 8 trading days remaining until this date [2] Group 1 - The "Huazheng Convertible Bonds" will be delisted from the Shanghai Stock Exchange on February 24, 2026, following the early redemption [2] - Investors can either continue trading the bonds in the secondary market within the specified timeframe or convert them at a price of 38.51 CNY per share [2] - If investors do not convert or sell within the deadline, they will face a forced redemption at a price of 100 CNY per bond plus accrued interest, totaling 100.1529 CNY per bond, which may lead to significant investment losses [2]

| 证券代码：603186 | 证券简称：华正新材 | 公告编号 2026-008 | | --- | --- | --- | | 转债代码：113639 | 转债简称：华正转债 | | 浙江华正新材料股份有限公司 关于实施"华正转债"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个别及连带责任。 重要内容提示： 截至 2026 年 2 月 3 日收市后，距离 2 月 10 日（"华正转债"最后交易日， 含当日）仅剩 5 个交易日，2 月 10 日为"华正转债"最后一个交易日。 最后转股日：2026 年 2 月 13 日 截至 2026 年 2 月 3 日收市后，距离 2 月 13 日（"华正转债"最后转股日， 含当日）仅剩 8 个交易日，2 月 13 日为"华正转债"最后一个转股日。 本次提前赎回完成后，"华正转债"将自 2026 年 2 月 24 日起在上海证 券交易所摘牌。 投资者所持"华正转债"除在规定时限内通过二级市场继续交易或按照 38.51 元/股的转股价格进行转股外，仅能选择以 100 元/ ...