Group 1 - The core index, the China Securities Zhejiang Phoenix Action 50 Index (Phoenix 50), increased by 0.6% to 6186.75 points, with a trading volume of 16.109 billion yuan [1] - The Phoenix 50 index has shown a growth of 3.22% over the past month, 2.36% over the past three months, and 6.16% year-to-date [1] - The index comprises 50 securities selected from profitable and high-dividend companies listed in Zhejiang Province, reflecting the overall performance of high-dividend and high-growth stocks in the region [1] Group 2 - The top ten holdings of the Phoenix 50 index include: Hangzhou Bank (10.03%), Hikvision (9.6%), Huayou Cobalt (8.93%), Xinhongcheng (5.79%), Dahua Technology (5.57%), China Jushi (4.85%), Tianshan Aluminum (4.11%), Changchuan Technology (3.51%), Deyang Co. (3.38%), and Wuchan Zhongda (2.91%) [1] - The index's market composition shows that 55.76% of the holdings are from the Shenzhen Stock Exchange, while 44.24% are from the Shanghai Stock Exchange [1] Group 3 - The industry composition of the index includes: Materials (25.39%), Information Technology (18.98%), Industrials (13.69%), Financials (12.04%), Consumer Discretionary (11.96%), Health Care (9.78%), Communication Services (5.49%), Consumer Staples (1.77%), Utilities (0.74%), and Real Estate (0.17%) [2] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Public funds tracking the Phoenix 50 include: Zhejiang Merchants Huijin China Securities Phoenix 50 ETF Link A, Zhejiang Merchants Huijin China Securities Phoenix 50 ETF Link C, and Zhejiang Merchants Huijin China Securities Phoenix 50 ETF [2]

债券简称：华友转债 债券代码：113641 浙江华友钴业股份有限公司 可转换公司债券受托管理事务报告 （2024年度） 发行人 浙江华友钴业股份有限公司 （浙江省桐乡经济开发区二期梧振东路 18 号） 债券受托管理人 中信证券股份有限公司 （广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座） 2025 年 6 月 重要声明 中信证券股份有限公司（以下简称"中信证券"）编制本报告的内容及信息均 来源于发行人对外公布的《浙江华友钴业股份有限公司 2024 年年度报告》等相 关公开信息披露文件、浙江华友钴业股份有限公司（以下简称"华友钴业"、"发 行人"或"公司"）提供的证明文件以及第三方中介机构出具的专业意见。 一、发行人名称 中文名称：浙江华友钴业股份有限公司 英文名称：Zhejiang Huayou Cobalt Co., Ltd 二、核准文件及核准规模 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为中信证券所作的承诺 或声明。 2 目 录 | | 重要声明··································· ...

Group 1 - The A-share market showed signs of recovery in June, with major indices generally rising, particularly the ChiNext Index which increased by 6.1% [1][8] - The performance of various sectors was mixed, with telecommunications, non-bank financials, banks, and non-ferrous metals performing well, while consumer sectors like food and beverage, beauty care, and home appliances lagged [1][8] - The Hong Kong stock market also experienced a rebound, with the Hang Seng Index and other indices showing increases of 5.0%, 4.8%, and 4.4% respectively by June 26, 2025 [1][12] Group 2 - The report anticipates that the A-share index will maintain a volatile trend, with external risks potentially easing but still requiring vigilance regarding U.S. policies [2][16] - The upcoming earnings season is expected to highlight sectors with strong performance, particularly steel, computers, electric equipment, and defense industries, which are projected to have relatively high growth rates [2][18] - Stable assets such as high-dividend stocks and gold are recommended for attention, as they have historically performed well during uncertain market conditions [2][18] Group 3 - The Hong Kong market is expected to continue its volatile trend, influenced by liquidity constraints and uncertainties in U.S.-China relations [3][23] - Long-term investment strategies should focus on a "barbell" approach, emphasizing technology growth and high-dividend stocks, particularly in sectors like telecommunications, utilities, and banking [3][23] - The report identifies several key stocks for July 2025 in both A-shares and Hong Kong markets, including Newguang, Gree Electric, Tencent Holdings, and Xiaomi Group, among others [3][29][32]

Group 1: ETF Performance and Liquidity - The New Energy ETF has a turnover rate of 1.64% with a transaction volume of 14.5887 million yuan as of June 27 [3] - Over the past year, the average daily transaction volume of the New Energy ETF is 35.6371 million yuan, with a recent weekly scale increase of 1.9363 million yuan [3] - The net value of the New Energy ETF has increased by 8.10% over the past year, with the highest monthly return since inception being 25.07% and the longest consecutive monthly increase being 2 months [3] Group 2: Valuation Metrics - The valuation of the index tracked by the New Energy ETF, the CSI New Energy Index, is at a historical low, with the latest price-to-book ratio (PB) at 2.05 times, which is lower than 86.85% of the time over the past five years [3] Group 3: Stock Performance - Notable stock performances include: - Contemporary Amperex Technology Co., Ltd. (宁德时代) with a rise of 0.26% [5] - Sungrow Power Supply Co., Ltd. (阳光电源) with an increase of 3.62% [5] - Longi Green Energy Technology Co., Ltd. (隆基绿能) with a rise of 2.68% [5] - The top ten weighted stocks in the CSI New Energy Index account for 44.89% of the index, including major players like Ningde Times and Sungrow [6] Group 4: Market Developments - The electricity spot market trial in Henan province is underway from June 19 to June 27, aiming to optimize resource allocation and improve price connections between long-term and spot electricity markets [5] - Xinjiang's new energy electricity price market reform is expected to lead to a lower price floor for incremental projects, with a high probability of approaching 0.150 yuan per kilowatt-hour [6]

Group 1: Financial Performance - 阳光诺和预计2025年营业收入将较2024年增长不低于10%[1] - 九号公司2025年营业收入预计为2509百万，较2024年增长40%[1] - 牧原股份2025年预计销量高速增长，2025年净利润增速为26%[1] Group 2: Market Trends and Risks - STC007新药研发进展领先，市场空间较大，潜在BD预期将增厚利润[1] - 美团外卖在补贴力度升级下可能受到影响，但长期看具备运营效率优势[1] - 华友钴业受益于刚果金延长出口禁令，钴价有望上涨[1] Group 3: Strategic Developments - 精智达预计2025年半导体设备收入将达到5亿，是2024年的两倍[1] - 阳光电源在全球储能市场具备竞争优势，预计2025年净利润具备高增潜力[1] - 广和通布局具身智能机器人，供货全球头部机器人公司[1]

Core Viewpoint - The announcement details the partial release of share pledges by the controlling shareholder and its concerted actor, indicating a reduction in pledged shares and potential implications for the company's financial stability and shareholder confidence [3]. Shareholding and Pledge Summary - As of the announcement date, the controlling shareholder, Huayou Holding Group Co., Ltd., holds 305,299,851 shares, accounting for 17.94% of the total share capital, with 182,119,994 shares pledged, representing 59.65% of its holdings and 10.70% of the total share capital [3]. - The concerted actor, Mr. Chen Xuehua, holds 82,504,946 shares, which is 4.85% of the total share capital, with 32,270,000 shares pledged, indicating a significant portion of his holdings are also under pledge [3]. - Together, Huayou Holding and Mr. Chen hold a total of 387,804,797 shares, or 22.79% of the total share capital, with 214,389,994 shares pledged, which is 55.28% of their total holdings and 12.60% of the total share capital [3]. Details of Pledge Release - Mr. Chen Xuehua has released 25,200,000 shares from pledge, which is 30.54% of his holdings and 1.48% of the total share capital, effective June 26, 2025 [3]. - Huayou Holding has released 19,300,000 shares from pledge, representing 6.32% of its holdings and 1.13% of the total share capital, also effective June 26, 2025 [3]. - After the release, Mr. Chen has 32,270,000 shares still pledged, which is 39.11% of his holdings and 1.90% of the total share capital, while Huayou Holding has 182,119,994 shares remaining pledged, maintaining the same percentage of its holdings and total share capital [3]. Ongoing Monitoring - The company will continue to monitor the pledge and release of shares by its shareholders and will comply with relevant regulations for timely information disclosure [5].

Core Points - The company has completed the cancellation of the special account for the funds raised from the non-public offering of shares [1][2][4] - The total amount raised from the non-public offering was 601.8 million yuan, with a net amount of 595.5 million yuan after deducting various fees [1][2] - The board of directors approved the conclusion of the fundraising project and the permanent allocation of surplus funds to working capital [2][3] Fundraising Basic Information - The company issued 71,642,857 shares at a price of 84.00 yuan per share, approved by the China Securities Regulatory Commission [1] - The total fundraising amount was 601.8 million yuan, with underwriting fees of 5.92 million yuan deducted [1] - The net amount after all deductions was verified to be 595.5 million yuan [1] Fundraising Management - The company implemented a special account storage system for the raised funds to enhance management and protect investors' rights [2] - A tripartite/four-party/five-party supervision agreement was signed with the underwriter and the bank holding the funds [2] Cancellation of Fundraising Account - The board of directors and supervisory board approved the conclusion of the fundraising project on April 7, 2025 [2] - The surplus funds will be permanently allocated to working capital related to the company's main business activities [2][3] - All fundraising accounts have been successfully closed as of the date of the announcement [3][4]

Core Viewpoint - The extension of the cobalt export ban by the Democratic Republic of Congo (DRC) is expected to impact cobalt prices positively, as it aims to address the oversupply in the market and may lead to a supply shortage, thus increasing prices [1][2][4]. Cobalt Market Dynamics - Cobalt is a critical metal for energy transition, widely used in battery manufacturing and alloys, with DRC being the main global supplier [2]. - Prior to the export ban, cobalt prices had dropped significantly, with a reported price of $11.26 per pound in 2024, down 25.48% year-on-year [2]. - Following the initial export ban in February, cobalt prices peaked at 250,000 yuan/ton but later fell to 230,000 yuan/ton due to high historical inventory levels and unclear future policies [2]. Price Movements - After the announcement of the extended export ban, cobalt prices showed a notable increase, with "Longjiang 1 cobalt" rising by 22,000 yuan/ton, reaching a price range of 244,000 to 268,000 yuan/ton [3]. Impact on Companies - Companies primarily dealing with cobalt, such as Zhejiang Huayou Cobalt Co., Ltd., Nanjing Hanrui Cobalt Co., Ltd., and Ganzhou Tengyuan Cobalt Industry New Materials Co., Ltd., saw their stock prices rise significantly following the ban announcement [4]. - The DRC's export ban is expected to exacerbate raw material shortages in major consuming countries like China, with potential supply reductions exceeding 100,000 metal tons [4][5]. Company Responses - Companies like Luoyang Molybdenum Co., Ltd. reported a significant increase in cobalt production and sales for 2024, with production up 105.61% to 114,200 tons and sales up 266.23% to 108,900 tons [6]. - Luoyang Molybdenum operates two major mines in DRC, benefiting directly from the price rebound due to the export ban [7]. - Tengyuan Cobalt Industry indicated that they have sufficient safety stock to mitigate the impact of the export ban on their operations, and they maintain good relationships with suppliers to ensure raw material availability [8].

关于非公开发行股票项目募集资金专户完成销户的公告 关于非公开发行股票项目募集资金专户完成销户的公告 | 股票代码：603799 | 股票简称：华友钴业 | 公告编号：2025-071 | | --- | --- | --- | | 转债代码：113641 | 转债简称：华友转债 | | 浙江华友钴业股份有限公司 关于非公开发行股票项目募集资金专户完成销户的公告 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。 一、募集资金基本情况 根据中国证券监督管理委员会《关于核准浙江华友钴业股份有限公司非公开 发行股票的批复》（证监许可〔2020〕3604号）核准，并经上海证券交易所同意， 浙江华友钴业股份有限公司（以下简称"公司"）采用非公开发行方式向特定对象发 行人民币普通股（A股）股票71,642,857股，发行价格为每股人民币84.00元，募集 资金总额为601,800.00万元，扣除保荐及承销费用5,920.60万元（含税，其中不含 税保荐及承销费用为5,585.47万元）后的募集资金为595,879.40万元，由主承销商 中信证 ...

关于控股股东及一致行动人部分股份解除质押的公告 | 股票代码：603799 | 股票简称：华友钴业 | 公告编号：2025-070 | | --- | --- | --- | | 转债代码：113641 | 转债简称：华友转债 | | 浙江华友钴业股份有限公司 关于控股股东及一致行动人部分股份解除质押的公告 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： 截至本公告日，浙江华友钴业股份有限公司（以下简称"公司"）控股股东 华友控股集团有限公司（以下简称"华友控股"）持有公司股份 305,299,851 股， 占公司总股本1的 17.94%；其中已累计质押 182,119,994 股，占其所持公司股份总 数的 59.65%，占公司总股本的 10.70% 近日，公司收到控股股东华友控股及一致行动人陈雪华先生的通知，华友控 股和陈雪华先生办理了部分股份解除质押业务，具体情况如下： | 股东名称 | 陈雪华 | | --- | --- | | 本次解除质押股份 | 股 25,200,000 | | 占其所持股份比例 | ...