| 证券代码：603601 | 证券简称：再升科技 | 公告编号：临 2025-075 | | --- | --- | --- | | 债券代码：113657 | 债券简称：再 22 转债 | | 重庆再升科技股份有限公司 关于使用部分暂时闲置自有资金购买理财产品 到期赎回的公告 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： 基本情况 | 产品名称 | 招商银行点金系列看涨两层区间 28 天结构性存款 | | --- | --- | | 受托方名称 | 招商银行股份有限公司 | | 购买金额 | 11,000 万元 | | 产品期限 | 2025 年 8 月 1 日-2025 年 8 月 29 日（28 天） | | 特别风险提示 | 其他：无 | 风险提示 公司使用部分暂时闲置自有资金进行现金管理购买的标的为安全性高、流动 性好、风险较低的理财产品，但金融市场受宏观经济影响较大，不排除理财产品 受到市场风险、信用风险、政策风险、流动性风险、不可抗力风险等因素影响， 导致理财产品的收益率可能会产生波动，理财收 ...

Company Overview - Chongqing Zaiseng Technology Co., Ltd. is located in Yubei District, Chongqing, established on June 28, 2007, and listed on January 22, 2015. The company specializes in the research, production, and sales of micro-fiber glass wool and its products [1][2]. Financial Performance - For the first half of 2025, Zaiseng Technology reported operating revenue of 658 million yuan, a year-on-year decrease of 12.29%. The net profit attributable to shareholders was 60.29 million yuan, down 20.84% year-on-year [2]. - Cumulatively, the company has distributed 685 million yuan in dividends since its A-share listing, with 148 million yuan distributed over the past three years [3]. Stock Performance - As of September 1, Zaiseng Technology's stock price was 5.84 yuan per share, with a market capitalization of 5.967 billion yuan. The stock has increased by 74.33% year-to-date but has seen a decline of 7.74% over the last five trading days [1]. - The company has appeared on the "Dragon and Tiger List" seven times this year, with the most recent appearance on August 18 [1]. Shareholder Information - As of June 30, the number of shareholders was 33,500, a decrease of 10.30% from the previous period. The average number of circulating shares per person increased by 11.49% to 30,517 shares [2]. - Among the top ten circulating shareholders, the "Fuguo CSI 300 Index Enhanced A/B" fund is the sixth largest shareholder, holding 4.0513 million shares as a new shareholder [3]. Business Segments - The main revenue composition of Zaiseng Technology includes: energy-efficient materials (51.74%), clean air materials (33.29%), dust-free air conditioning products (10.73%), and others (4.24%) [1].

Group 1 - The company has announced that from August 18, 2025, to August 29, 2025, its stock price has closed at or above 130% of the current conversion price of the "再 22 转债" for 10 trading days, which is at least 5.512 yuan per share [1][6] - If the stock price continues to meet the condition of being at or above 130% of the conversion price for 5 out of the next 20 trading days, it will trigger the conditional redemption clause for the "再 22 转债" [1][6] - The board of directors has the authority to decide on the redemption of all or part of the unconverted "再 22 转债" at face value plus accrued interest [1][6] Group 2 - The company issued 5.1 million convertible bonds at a face value of 100 yuan each, with a total issuance amount of 510 million yuan, and the interest rates are 1.00% for the first three years, 1.50% for the fourth year, 1.80% for the fifth year, and 2.00% for the sixth year [2] - The convertible bonds were listed on the Shanghai Stock Exchange on October 27, 2022, under the name "再 22 转债" and code "113657" [2] - The conversion price has been adjusted multiple times, with the latest adjustment reducing it from 5.91 yuan per share to 4.25 yuan per share [5] Group 3 - The company has the right to redeem the "再 22 转债" if the stock price remains above 130% of the conversion price for at least 15 out of any 30 trading days [6] - The accrued interest calculation formula is provided, which includes the principal amount, interest rate, and the number of days since the last interest payment [6] - As of the announcement date, 20 bonds have been repurchased under the redemption clause, totaling 2,004.2 yuan, which has been fully canceled [5]

| 证券代码：603601 | 证券简称：再升科技 | 公告编号：临 2025-074 | | --- | --- | --- | | 债券代码：113657 | 债券简称：再 22 转债 | | 重庆再升科技股份有限公司 关于"再 22 转债"预计满足赎回条件的提示性公告 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： 重庆再升科技股份有限公司（以下简称"再升科技"或"公司"）股票 自 2025 年 8 月 18 日至 2025 年 8 月 29 日，已有 10 个交易日的收盘价 格不低于"再 22 转债"当期转股价格的 130%（含 130%），即不低于 5.512 元/股。若未来连续 20 个交易日内仍有 5 个交易日公司股票收盘价格不 低于当期转股价格的 130%（含 130%），将会触发"再 22 转债"有条件 赎回条款。届时根据《重庆再升科技股份有限公司公开发行可转换公司 债券募集说明书》（以下简称"《募集说明书》"）中有条件赎回条款 的相关约定，公司董事会有权决定按照债券面值加当期应计利息的价格 ...

Group 1 - The construction materials sector opened high, with international composite materials rising over 6% to reach a new high [1] - China Jushi's net profit for the first half of the year was 1.687 billion yuan, representing a year-on-year increase of 75.51% [1] - Other companies such as China National Materials, Changhai Co., Shandong Fiberglass, Longquan Co., and Zaiseng Technology also experienced gains [1]

Group 1 - The glass fiber sector experienced a significant increase of 5.37% on August 28, with International Composite leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] - Key stocks in the glass fiber sector showed notable price increases, with International Composite rising by 19.97% to a closing price of 7.87 [1] Group 2 - The main capital inflow in the glass fiber sector amounted to 876 million yuan, while retail investors saw a net outflow of 546 million yuan [2] - The trading volume for International Composite reached 2.9013 million shares, contributing to a transaction value of 2.133 billion yuan [1] - Other notable performers included Honghe Technology, which increased by 10% to a closing price of 44.89, and Zhongcai Technology, which rose by 3.91% to 37.20 [1][2]

Investment Rating - The report maintains a "Buy" rating for the company [6] Core Views - The company reported a revenue of 658 million yuan for H1 2025, a year-on-year decline of 12.29%, with a net profit attributable to shareholders of 60.29 million yuan, down 20.84% year-on-year [1] - The company's cash flow situation is strong, with a net operating cash flow of 149 million yuan, an increase of 92.55% year-on-year, and cash and cash equivalents amounting to 730 million yuan, a significant increase of 125.89% year-on-year [4] - The company is focusing on the dust-free air conditioning segment, which has shown strong growth, with revenue from this segment increasing by 42.59% year-on-year, particularly driven by a 52.07% increase in the "Comfort Dust-Free Air Conditioning" product line [2] Financial Performance Summary - The company's comprehensive gross margin for H1 2025 was 23.51%, an increase of 0.61 percentage points year-on-year, with a net profit margin of 9.57%, down 1.54 percentage points year-on-year [3] - The company expects net profits attributable to shareholders to be 90 million yuan, 140 million yuan, and 170 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding P/E ratios of 70X, 46X, and 39X [4][5]

Company Overview - Zai Sheng Technology has seen a stock price increase of 89.55% year-to-date, with a recent 8.92% rise over the last five trading days and a 29.33% increase over the last 20 days [2] - The company specializes in the research, production, and sales of microfiber glass wool and related products, with main revenue sources being energy-efficient materials (51.74%), clean air materials (33.29%), and dust-free air conditioning products (10.73%) [2] Financial Performance - For the first half of 2025, Zai Sheng Technology reported a revenue of 658 million yuan, a year-on-year decrease of 12.29%, and a net profit attributable to shareholders of 60.29 million yuan, down 20.84% year-on-year [2] - The company has distributed a total of 685 million yuan in dividends since its A-share listing, with 148 million yuan distributed over the last three years [3] Market Activity - As of August 27, Zai Sheng Technology's stock was trading at 6.35 yuan per share, with a market capitalization of 6.488 billion yuan and a trading volume of 126 million yuan [1] - The company has appeared on the stock market's "Dragon and Tiger List" seven times this year, with the most recent appearance on August 18 [2] Shareholder Information - As of June 30, 2025, Zai Sheng Technology had 33,500 shareholders, a decrease of 10.30% from the previous period, with an average of 30,517 circulating shares per shareholder, an increase of 11.49% [2] - Among the top ten circulating shareholders, the "Fuguo CSI 300 Index Enhanced A/B" fund is the sixth largest shareholder, holding 4.0513 million shares as a new investor [3]

Market Overview - The glass and fiberglass sector experienced a decline of 1.27% on August 26, with Honghe Technology leading the drop [1] - The Shanghai Composite Index closed at 3868.38, down 0.39%, while the Shenzhen Component Index closed at 12473.17, up 0.26% [1] Stock Performance - Key stocks in the glass and fiberglass sector showed varied performance: - International Composites (301526) closed at 6.85, up 2.54% with a trading volume of 2.49 million shares and a turnover of 1.781 billion yuan [1] - China Jushi (600176) closed at 13.77, up 1.40% with a trading volume of 815,100 shares and a turnover of 1.122 billion yuan [1] - Honghe Technology (603256) closed at 39.65, down 4.89% with a trading volume of 301,800 shares and a turnover of 1.213 billion yuan [2] Capital Flow - The glass and fiberglass sector saw a net outflow of 178 million yuan from institutional investors and 108 million yuan from retail investors, while retail investors had a net inflow of 286 million yuan [2] - Detailed capital flow for specific stocks indicates: - China Jushi had a net outflow of 45.45 million yuan from institutional investors [3] - North Glass (002613) experienced a net outflow of 4.02 million yuan from institutional investors but a net inflow of 7.02 million yuan from retail investors [3]

Market Performance - The glass fiber sector increased by 2.91% on August 25, with China National Materials Technology leading the gains [1] - The Shanghai Composite Index closed at 3883.56, up 1.51%, while the Shenzhen Component Index closed at 12441.07, up 2.26% [1] Individual Stock Performance - China National Materials Technology (002080) closed at 38.15, up 8.10%, with a trading volume of 701,400 shares and a transaction value of 2.653 billion yuan [1] - Other notable performers included Jiuding New Materials (002201) with a 4.30% increase, and Zais Technology (603601) with a 3.77% increase [1] - The stocks of China Jushi (600176) and Sanxia New Materials (600293) showed minimal changes, with increases of 0.30% and 0.00% respectively [1] Capital Flow Analysis - The glass fiber sector experienced a net outflow of 17.9427 million yuan from institutional investors, while retail investors saw a net inflow of 12.2 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Detailed Capital Flow by Stock - Zais Technology (603601) had a net inflow of 125 million yuan from institutional investors, but a net outflow of 54.6421 million yuan from speculative funds [3] - China Jushi (600176) saw a net inflow of 60.8422 million yuan from institutional investors, while retail investors had a net outflow of 75.5654 million yuan [3] - Jiuding New Materials (002201) experienced a net inflow of 43.7267 million yuan from institutional investors, but a net outflow from both speculative and retail investors [3]