New Stock Issuance - The new stock "健信超导" (code: 787805) is issued at a price of 18.58[1] - The new stock "昂瑞微" (code: 688790) is listed at a price of 83.06[1] Rights Issues and Offers - "荃银高科" (code: 300087) has a tender offer period from December 4, 2025, to January 5, 2026[1] - "天普股份" (code: 605255) has a tender offer period from November 20, 2025, to December 19, 2025[1] Delisting and Trading Alerts - "退市苏吴" (code: 600200) has 10 trading days remaining until the last trading day[1] - "ST广道" (code: 920680) has 12 trading days remaining until the last trading day[1] Stock Performance Alerts - "赛微电子" (code: 300456) has reported severe abnormal fluctuations[1] - "ST立方" (code: 300344) has also reported severe abnormal fluctuations[1]

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - This week, both the convertible bond market and the equity market rose. Currently, some individual bonds fluctuate greatly, and their future trends may further diverge. The overall trading difficulty in the market remains high. It is recommended to comprehensively judge based on convertible bond terms and the situation of the underlying stocks, select bonds carefully, and focus on new bond opportunities in industries catalyzed by policies and industries with high prosperity [4] 3. Summary by Relevant Catalogs Market行情 - From December 8 to December 12, 2025 (a total of 5 trading days), the CSI Convertible Bond Index rose by +0.20% (last week's increase was +0.08%), and the CSI All - Share Index changed by +0.19% (last week's increase was +0.77%). Since 2025, the CSI Convertible Bond Index has risen by +16.50%, and the CSI All - Share Index has risen by +21.83% [1] - By bond rating, high - rated bonds (AAA), medium - high - rated bonds (AA+), medium - rated bonds (AA), medium - low - rated bonds (AA -), and low - rated bonds (AA - and below) rose by - 0.13%, - 0.61%, +0.17%, +0.25%, and - 0.42% respectively this week. Medium - rated and medium - low - rated bonds rose [1] - By convertible bond scale, large - scale convertible bonds (bond balance > 2 billion yuan), medium - large - scale convertible bonds (balance between 1.5 and 2 billion yuan), medium - scale convertible bonds (balance between 1 and 1.5 billion yuan), small - medium - scale convertible bonds (balance between 0.5 and 1 billion yuan), and small - scale convertible bonds (balance < 0.5 billion yuan) rose by - 0.51%, - 0.45%, +1.04%, - 0.29%, and - 0.24% respectively this week. Except for medium - scale convertible bonds, all others declined [2] - By conversion parity, ultra - high - parity bonds (conversion value > 130 yuan), high - parity bonds (conversion value between 120 and 130 yuan), medium - high - parity bonds (conversion value between 110 and 120 yuan), medium - parity bonds (conversion value between 100 and 110 yuan), medium - low - parity bonds (conversion value between 90 and 100 yuan), low - parity bonds (conversion value between 80 and 90 yuan), and ultra - low - parity bonds (conversion value < 80 yuan) rose by +5.15%, - 1.39%, - 1.03%, +0.57%, - 2.16%, +2.22%, and - 0.60% respectively this week, showing divergent trends [2] Convertible Bond Price, Parity, and Conversion Premium Rate - As of December 12, 2025, there were 408 outstanding convertible bonds (407 at the end of last week), with a balance of 556.12 billion yuan (556.996 billion yuan at the end of last week) [3] - The average convertible bond price was 130.13 yuan (129.94 yuan at the end of last week), with a percentile of 91.57% (from the beginning of 2023 to December 12, 2025) [3] - The average convertible bond parity was 99.99 yuan (100.82 yuan at the end of last week), with a percentile of 86.66% [3] - The average convertible bond conversion premium rate was 31.41% (30.76% at the end of last week), with a percentile of 37.36% [3] Convertible Bond Performance and Allocation Direction - This week, both the convertible bond market and the equity market rose. Some individual bonds fluctuate greatly, and future trends may further diverge. The overall trading difficulty in the market remains high. It is recommended to comprehensively judge based on convertible bond terms and the situation of the underlying stocks, select bonds carefully, and focus on new bond opportunities in industries catalyzed by policies and industries with high prosperity [4] Convertible Bond Increase Situation - The top 15 convertible bonds in terms of increase this week include "Zai22 Convertible Bond" with an increase of 50.01%, "Huamao Convertible Bond" with an increase of 22.56%, "Weidao Convertible Bond" with an increase of 21.09%, etc. [21]

Core Viewpoint - The company announced that its director and general manager, Zhang Chuqian, has decided to terminate the share reduction plan ahead of schedule and has committed not to reduce his shareholding for the next 12 months [1] Group 1 - Zhang Chuqian has issued a notice regarding the early termination of the share reduction plan [1] - Zhang Chuqian and his concerted action party, Maosheng (Xiamen) Enterprise Management Consulting Co., Ltd., have committed not to reduce their shareholding in any form for 12 months following the end of the current reduction [1]

Core Points - The company Huamao Technology (603306.SH) announced that its director and general manager, Zhang Chuqian, has decided to terminate the current share reduction plan ahead of schedule [1] - Zhang Chuqian and his concerted action party, Maosheng (Xiamen) Enterprise Management Consulting Co., Ltd., have committed not to reduce their shareholdings in any form for the next 12 months following the end of the current reduction plan [1] Summary by Category - **Company Actions** - Zhang Chuqian has issued a notice regarding the early termination of the share reduction plan [1] - A commitment has been made by Zhang Chuqian and Maosheng (Xiamen) to refrain from any share reductions for a period of 12 months from December 13, 2025, to December 12, 2026 [1] - **Management Commitment** - The management's decision reflects a commitment to stabilize the company's share price and investor confidence by not engaging in share reductions for the specified period [1]

Core Points - The company Huamao Technology (603306.SH) announced the early termination of a share reduction plan by its general manager Zhang Chuqian [1] - Zhang Chuqian and his associated party, Maosheng (Xiamen) Enterprise Management Consulting Co., Ltd., committed to not reducing their shareholdings for 12 months following the end of the current reduction plan [1] Summary by Category - **Company Actions** - Zhang Chuqian decided to terminate the share reduction plan based on the company's actual situation and funding arrangements [1] - A commitment was made to refrain from any form of share reduction for 12 months from December 13, 2025, to December 12, 2026 [1]

Core Viewpoint - The company Huamao Technology (603306) announced the early termination of its share reduction plan by its director and general manager Zhang Chuqian, who, along with his concerted party Maosheng (Xiamen) Enterprise Management Consulting Co., Ltd., committed not to reduce their shareholding in any form for the next 12 months from the end of this reduction plan [1] Summary by Relevant Sections - Share Reduction Plan - Zhang Chuqian decided to terminate the current share reduction plan early [1] - Commitment to Shareholding - Zhang Chuqian and Maosheng (Xiamen) Enterprise Management Consulting Co., Ltd. pledged not to reduce their shareholding for 12 months from December 13, 2025, to December 12, 2026 [1]

| 证券代码：603306 | 证券简称：华懋科技 | 公告编号：2025-115 | | --- | --- | --- | | 债券代码：113677 | 债券简称：华懋转债 | | 华懋（厦门）新材料科技股份有限公司 关于股票交易异常波动的公告 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： 股票交易异常波动的情形：华懋（厦门）新材料科技股份有限公司（以 下简称"公司"）股票于 2025 年 12 月 10 日、12 月 11 日、12 月 12 日连续 三个交易日内收盘价格累计涨幅为 20.95%，较同期上证指数涨幅偏离值累计 为 21.47%，累计超过 20%，根据《上海证券交易所交易规则》的有关规定， 属于股票交易异常波动情形。 经公司自查并向公司控股股东、实际控制人书面发函核实，截至本公告 披露日，除公司前期已披露的发行股份及支付现金购买资产并募集配套资金 暨关联交易事项外，本公司和控股股东及实际控制人均不存在应披露而未披 露的重大信息。 股价短期涨幅较大风险：公司股票于 2025 年 12 月 ...

| 证券代码：603306 | 证券简称：华懋科技 | 公告编号：2025-116 | | --- | --- | --- | | 债券代码：113677 | 债券简称：华懋转债 | | 华懋（厦门）新材料科技股份有限公司 关于董事、高级管理人员及其一致行动人提前终止减 持计划暨承诺未来 12 个月内不减持公司股份的公告 本公司董事会、全体董事及相关股东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： 董事、高级管理人员及其一致行动人持股的基本情况 本次减持计划实施前，华懋（厦门）新材料科技股份有限公司（以下简称"公 司"）董事兼总经理张初全先生直接持有公司股份 13,934,900 股，占公司总股本 的 4.23%。懋盛（厦门）企业管理咨询有限责任公司（以下简称"懋盛"）持有 公司股份 6,599,600 股，占公司总股本的 2.00%。张初全持有懋盛 98.29%股权。 张初全与懋盛合计持有公司股份 20,534,500 股，占公司总股本的 6.23%。 减持计划的实施结果情况 公司于 2025 年 11 月 14 日披露了《华懋 ...

Core Viewpoint - Huamao Technology (603306.SH) announced an abnormal fluctuation in stock trading, with no share reduction by Zhang Chuqian and his concerted actions during the fluctuation period from December 10 to December 12, 2025 [1] Group 1 - The company received a notification from its director and general manager, Zhang Chuqian, regarding the decision to terminate the current share reduction plan based on personal circumstances and funding arrangements [1] - Zhang Chuqian and his concerted action party, Maosheng (Xiamen) Enterprise Management Consulting Co., Ltd., committed not to reduce their shareholdings in any form for the next 12 months, from December 13, 2025, to December 12, 2026 [1]

Core Viewpoint - The company announced an abnormal stock price fluctuation with a cumulative increase of 20.95% over three consecutive trading days, deviating from the Shanghai Composite Index by 21.47% [1] Financial Performance - For the period from January to September 2025, the company's net profit attributable to shareholders was 172.5 million yuan, representing a year-on-year decrease of 12.06% [1] Corporate Actions - The company plans to acquire assets and raise funds, pending regulatory review [1] - The general manager and board member, Zhang Chuqian, along with his concerted actions, reduced their holdings by a total of 4.0598 million shares, accounting for 1.23% of the total share capital on December 8 [1] - On December 12, the company decided to terminate the share reduction plan early, committing not to reduce holdings from December 13, 2025, to December 12, 2026 [1]