Core Viewpoint - Zhejiang Huayou Cobalt Industry announced the redemption and delisting of "Huayou Convertible Bonds" due to the stock price meeting the conditional redemption criteria [1] Group 1 - The redemption period is set from July 25 to August 29, 2025, during which the company's stock must close at or above 130% of the conversion price for 15 trading days [1] - The redemption registration date is September 26, with a redemption price of 100.8918 CNY per bond, and the redemption payment will be issued on September 29 [1] - The last trading day for the bonds is September 23, and the last conversion day is September 26, after which the bonds will be delisted from the Shanghai Stock Exchange [1] Group 2 - Investors are warned to take timely action to convert or sell their bonds to avoid significant losses [1]

Core Viewpoint - Huayou Cobalt's stock price has shown significant growth this year, with a year-to-date increase of 79.41%, despite a slight decline of 1.32% in the last five trading days [2]. Financial Performance - For the first half of 2025, Huayou Cobalt achieved a revenue of 37.197 billion yuan, representing a year-on-year growth of 23.78%. The net profit attributable to shareholders was 2.711 billion yuan, marking a substantial increase of 62.26% [2]. - Cumulative cash dividends since the company's A-share listing amount to 3.876 billion yuan, with 2.835 billion yuan distributed over the past three years [3]. Stock Market Activity - On September 19, Huayou Cobalt's stock rose by 2.06%, reaching 51.61 yuan per share, with a trading volume of 1.149 billion yuan and a turnover rate of 1.23%. The total market capitalization stood at 95.241 billion yuan [1]. - The net inflow of main funds was 64.6552 million yuan, with large orders accounting for 27.89% of purchases and 27.66% of sales [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Huayou Cobalt was 195,100, a decrease of 7.44% from the previous period. The average circulating shares per person increased by 8.03% to 8,643 shares [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 150 million shares, an increase of 7.1788 million shares from the previous period [3].

Core Insights - Cobalt-based alloys exhibit significant performance advantages, leading to widespread applications in aerospace, marine engineering, energy, medical, and industrial furnace sectors. Aerospace is the largest application field for cobalt-based alloys, primarily used for high-temperature alloy blades and components in aircraft engines and rocket propulsion systems [1][10] - The demand for cobalt-based alloys in China is substantial, with the market size projected to reach 2.35 billion yuan in 2024, reflecting a year-on-year increase of 14.6%. However, limited cobalt resources and high prices restrict capacity expansion, resulting in a relatively small market size [1][10] - The industry is expected to grow as domestic exploration and development of cobalt mines strengthen, ensuring raw material supply and increasing market demand [1][10] Industry Overview - Cobalt-based alloys are hard alloys that resist various types of wear, corrosion, and high-temperature oxidation, primarily composed of cobalt with significant amounts of nickel, chromium, tungsten, and trace elements like molybdenum and niobium. They can be categorized into cobalt-based superalloys, wear-resistant alloys, and magnetic alloys [3][4] - The cobalt-based alloy industry has evolved from its inception in the early 20th century to a phase of comprehensive enhancement and innovative development in the 21st century, driven by the growing demand for high-performance alloy materials in various sectors [5][6] Market Dynamics - The global cobalt reserves are unevenly distributed, with the Democratic Republic of the Congo holding 54.55% of the total reserves. In 2024, global cobalt production is expected to reach approximately 291,300 tons, marking a year-on-year increase of 22.39% [6][8] - In China, the proven cobalt resource reserves account for only about 1% of the global total, necessitating significant imports to meet domestic production needs. The country is actively exploring and developing cobalt resources while enhancing recycling technologies to reduce dependency on imports [7][8] Competitive Landscape - International companies like Precision Castparts Corporation and Kennametal dominate the high-end application sectors, particularly in aerospace and high-end machinery manufacturing. Domestic firms, such as Shanghai Zhongzhou Special Alloy Materials Co., Ltd., are also growing in market share and competitiveness [11][12] - Major Chinese companies involved in cobalt resources, such as Huayou Cobalt and Hanrui Cobalt, are extending their operations into cobalt-based alloy production, leveraging their strengths in raw material supply and technological development [11][12] Future Trends - The cobalt-based alloy industry is expected to see continuous technological innovation to enhance material performance, particularly in high-demand applications. The integration of nanotechnology and composite materials is anticipated to improve the functionality and durability of cobalt-based alloys [15][16] - The demand for cobalt-based alloys is projected to grow significantly in high-end equipment manufacturing sectors, including aerospace, gas turbines, and nuclear power, driven by domestic production acceleration and new applications in the renewable energy sector [15][16] - Green manufacturing practices are becoming increasingly important, focusing on recycling technologies and sustainable production processes to reduce reliance on primary cobalt resources and minimize environmental impact [16]

关于实施"华友转债"赎回暨摘牌的第九次提示性公告 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法律责任。 重要内容提示： 截至2025年9月18日收市后，距离2025年9月23日（"华友转债"最后交易日）仅剩3个交易日，2025年9月 23日为"华友转债"最后一个交易日（提请投资者注意区分"可转债债券停牌"与"可转债转股停牌"：2025 年9月23日为"华友转债"最后一个交易日，自2025年9月24日起"华友转债"将实施债券停牌，届时持有人 无法通过二级市场进行"华友转债"交易；2025年9月26日为"华友转债"最后一个转股日，自2025年9月29 日起"华友转债"将在上海证券交易所摘牌。）。 ● 最后转股日：2025年9月26日 截至2025年9月18日收市后，距离2025年9月26日（"华友转债"最后转股日）仅剩6个交易日，2025年9月 26日为"华友转债"最后一个转股日。 股票代码：603799 股票简称：华友钴业 公告编号：2025-104 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 ● 本次提前赎 ...

（编辑 楚丽君） 证券日报网讯 9月18日晚间，华友钴业发布公告称，投资者所持"华友转债"除在规定时限内通过二级市 场继续交易或按照34.43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 0.8918元/张（即合计100.8918元/张）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"华友转债"持有人注意在限期内转股或卖出。 ...

关于实施"华友转债"赎回暨摘牌的第九次提示性公告 | 股票代码：603799 | 股票简称：华友钴业 | 公告编号：2025-104 | | --- | --- | --- | | 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 关于实施"华友转债"赎回暨摘牌的第九次提示性公告 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法律责任。 重要内容提示： 截至2025年9月18日收市后，距离2025年9月23日（"华友转债"最后交易日）仅剩 3个交易日，2025年9月23日为"华友转债"最后一个交易日1。 最后转股日：2025年9月26日 截至2025年9月18日收市后，距离2025年9月26日（"华友转债"最后转股日）仅剩 6个交易日，2025年9月26日为"华友转债"最后一个转股日。 本次提前赎回完成后，"华友转债"将自2025年9月29日起在上海证券交易所摘牌。 投资者所持"华友转债"除在规定时限内通过二级市场继续交易或按照34.43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 ...

浙江华友钴业股份有限公司发布"华友转债"赎回暨摘牌第九次提示性公告。自2025年7月25日至8月29 日，公司股票15个交易日收盘价格不低于"华友转债"当期转股价格130%，触发有条件赎回条款。赎回 登记日为9月26日，赎回价格100.8918元/张，赎回款发放日为9月29日。9月23日为最后交易日，9月26 日为最后转股日，9月29日起"华友转债"将在上海证券交易所摘牌。投资者所持转债除交易或转股外， 若被强制赎回可能面临较大损失，公司提醒持有人在限期内转股或卖出。 ...

Market Performance - As of September 18, 2025, the China Securities New Energy Index decreased by 0.48%, with mixed performance among constituent stocks [1] - Leading stocks included Daikin Heavy Industries up by 5.69%, China National Materials Technology up by 5.05%, and Xianlead Intelligent up by 4.27%, while JA Solar Technology led the decline [1] ETF Insights - The New Energy ETF (159875) experienced a turnover rate of 5.94% with a transaction volume of 68.5185 million yuan [3] - The latest scale of the New Energy ETF reached 1.152 billion yuan, with a total inflow of 32.5206 million yuan over the last 10 trading days [3] - The New Energy ETF's net value increased by 61.44% over the past year, with the highest single-month return since inception being 25.07% [3] Stock Performance - Notable stock performances included: - Contemporary Amperex Technology down by 1.23% with a weight of 9.72% - Sungrow Power Supply up by 3.08% with a weight of 5.57% - Longi Green Energy down by 1.27% with a weight of 5.18% [5] Industry Developments - The 2025 World Energy Storage Conference was held on September 17, with the Ministry of Industry and Information Technology releasing the "New Energy Storage Technology Development Roadmap (2025-2035)" [5] - The roadmap emphasizes a target of over 300 million kilowatts of new energy storage capacity by 2035 [5] - Domestic energy storage policies are expected to continue strengthening, with demand anticipated to exceed expectations [6] - In August 2025, the domestic energy storage market bidding scale reached a record high of 25.8 GW/69.4 GWh, driven by large-scale project completions [6] Top Weight Stocks - As of August 29, 2025, the top ten weighted stocks in the China Securities New Energy Index accounted for 42.78% of the index, including Contemporary Amperex Technology, Sungrow Power Supply, and Longi Green Energy [6]

关于实施"华友转债"赎回暨摘牌的第八次提示性公告 | 股票代码：603799 | 股票简称：华友钴业 | 公告编号：2025-103 | | --- | --- | --- | | 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 关于实施"华友转债"赎回暨摘牌的第八次提示性公告 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法律责任。 重要内容提示： 截至2025年9月17日收市后，距离2025年9月23日（"华友转债"最后交易日）仅剩 4个交易日，2025年9月23日为"华友转债"最后一个交易日1。 最后转股日：2025年9月26日 截至2025年9月17日收市后，距离2025年9月26日（"华友转债"最后转股日）仅剩 7个交易日，2025年9月26日为"华友转债"最后一个转股日。 本次提前赎回完成后，"华友转债"将自2025年9月29日起在上海证券交易所摘牌。 投资者所持"华友转债"除在规定时限内通过二级市场继续交易或按照34.43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 ...

股票代码：603799 股票简称：华友钴业 公告编号：2025-102 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 重要内容提示： ● 本次提前赎回完成后，"华友转债"将自2025年9月29日起在上海证券交易所摘牌。 ● 投资者所持"华友转债"除在规定时限内通过二级市场继续交易或按照34.43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0.8918元/张（即合计100.8918元/张）被强制赎回。 若被强制赎回，可能面临较大投资损失。 截至2025年9月16日收市后，距离2025年9月23日（"华友转债"最后交易日）仅剩5个交易日，2025年9月 23日为"华友转债"最后一个交易日（提请投资者注意区分"可转债债券停牌"与"可转债转股停牌"：2025 年9月23日为"华友转债"最后一个交易日，自2025年9月24日起"华友转债"将实施债券停牌，届时持有人 无法通过二级市场进行"华友转债"交易；2025年9月26日为"华友转债"最后一个转股日，自2025年9月29 日起"华友转债"将在上海证券交易所摘牌。）。 ● 最后转股日：2025年9月26日 截至20 ...