| 证券代码：603877 | 证券简称：太平鸟 | 公告编号：2025-079 | | --- | --- | --- | | 债券代码：113627 | 债券简称：太平转债 | | 本次满足回售条款而"太平转债"持有人未在上述回售期内申报并实施回售的， 本计息年度（即 2025 年 7 月 15 日至 2026 年 7 月 14 日）不能再行使回售权。 风险提示：投资者选择回售等同于以 100.49 元/张卖出持有的"太平转债"。 截至 2025 年 10 月 20 日，"太平转债"的收盘价格高于本次回售价格，投资者选择 回售可能会带来损失，敬请投资者注意风险。 宁波太平鸟时尚服饰股份有限公司（以下简称"公司"）A 股股票自 2025 年 8 月 27 日至 2025 年 10 月 15 日连续三十个交易日的收盘价格低于公司"太平转债" 当期转股价格的 70%。根据《宁波太平鸟时尚服饰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》"）的约定，"太平转债"的有 条件回售条款生效。 现依据《上市公司证券发行注册管理办法》《可转换公司债券管理办法》《上 海证券交易所股票上市规则》和《 ...

Core Viewpoint - The company announces the conditional redemption rights for holders of "Tai Ping Convertible Bonds" due to the stock price falling below 70% of the conversion price for thirty consecutive trading days [1][2]. Redemption Terms and Price - Holders of "Tai Ping Convertible Bonds" can redeem part or all of their unconverted bonds at a price of 100.49 RMB per bond, which includes accrued interest [5][9]. - The redemption period is set from October 23, 2025, to October 29, 2025, with funds to be disbursed on November 3, 2025 [10][12]. - The calculation for accrued interest is based on a coupon rate of 1.80% for the current interest period [5][4]. Redemption Process - The redemption rights can be exercised once per year after the conditions are met, and if not exercised within the specified period, the right cannot be used again for that interest year [3][6]. - The bond will continue to trade during the redemption period but will stop converting [12]. Contact Information - The company provides contact details for inquiries, including a phone number and email address for the board office [14][15].

Core Viewpoint - The company announces the second notice regarding the conditional redemption of its convertible bonds, "Tai Ping Convertible Bonds," allowing bondholders to sell back their bonds at a specified price due to the stock price falling below a certain threshold [2][3]. Group 1: Redemption Terms - Redemption Price: 100.49 RMB per bond (including current interest) [2][7] - Bondholders can choose to redeem part or all of their unconverted convertible bonds, and this redemption is not mandatory [2][8]. - The redemption period is set from October 23, 2025, to October 29, 2025, with funds to be disbursed on November 3, 2025 [4][13]. Group 2: Conditions for Redemption - The conditional redemption clause is activated if the company's stock price has been below 70% of the conversion price for any consecutive thirty trading days [2][3]. - The current interest calculation for the redemption price is based on a bond interest rate of 1.80% for the fifth year, resulting in an interest of approximately 0.49 RMB per bond [7][6]. Group 3: Redemption Process - Bondholders must submit their redemption requests through the Shanghai Stock Exchange trading system during the specified redemption period [9][11]. - If a redemption request is not successful on the first day, bondholders can continue to submit requests on subsequent days within the redemption period [10]. Group 4: Trading During Redemption Period - "Tai Ping Convertible Bonds" will continue to trade during the redemption period but will stop conversion [15]. - If the total face value of the convertible bonds falls below 30 million RMB due to redemptions, trading will still continue until the end of the redemption period [15].

| 证券代码：603877 | 证券简称：太平鸟 | 公告编号：2025-078 | | --- | --- | --- | | 债券代码：113627 | 债券简称：太平转债 | | 宁波太平鸟时尚服饰股份有限公司 回售价格：100.49 元人民币/张（含当期利息） 回售期：2025 年 10 月 23 日至 2025 年 10 月 29 日 回售资金发放日：2025 年 11 月 3 日 回售期内"太平转债"停止转股 一、回售条款及价格 关于"太平转债"可选择回售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法律责任。 重要内容提示： "太平转债"持有人可回售部分或全部未转股的可转换公司债券。"太平转债" 持有人有权选择是否进行回售，本次回售不具有强制性。 本次满足回售条款而"太平转债"持有人未在上述回售期内申报并实施回售的， 本计息年度（即 2025 年 7 月 15 日至 2026 年 7 月 14 日）不能再行使回售权。 风险提示：投资者选择回售等同于以 100.49 元/张卖出持有的"太平转债"。 截至 ...

Core Points - The company, Taiping Bird, announced that investors can choose to sell their holdings of "Taiping Convertible Bonds" at a price of 100.49 yuan per share [1] - As of October 16, 2025, the closing price of "Taiping Convertible Bonds" is higher than the repurchase price, indicating that investors opting for the repurchase may incur losses [1]

| 证券代码：603877 | 证券简称：太平鸟 | 公告编号：2025-077 | | --- | --- | --- | | 债券代码：113627 | 债券简称：太平转债 | | 宁波太平鸟时尚服饰股份有限公司 关于"太平转债"可选择回售的第一次提示性公告 重要内容提示： "太平转债"持有人可回售部分或全部未转股的可转换公司债券。"太平转债" 持有人有权选择是否进行回售，本次回售不具有强制性。 本次满足回售条款而"太平转债"持有人未在上述回售期内申报并实施回售的， 本计息年度（即 2025 年 7 月 15 日至 2026 年 7 月 14 日）不能再行使回售权。 风险提示：投资者选择回售等同于以 100.49 元/张卖出持有的"太平转债"。 截至 2025 年 10 月 16 日，"太平转债"的收盘价格高于本次回售价格，投资者选择 回售可能会带来损失，敬请投资者注意风险。 宁波太平鸟时尚服饰股份有限公司（以下简称"公司"）A 股股票自 2025 年 8 月 27 日至 2025 年 10 月 15 日连续三十个交易日的收盘价格低于公司"太平转债" 当期转股价格的 70%。根据《宁波太平鸟时尚服饰股份有 ...

Core Viewpoint - The company announces the conditional repurchase of its convertible bonds ("太平转债") due to the stock price falling below 70% of the conversion price for thirty consecutive trading days, allowing bondholders to choose whether to sell back their bonds at a specified price [2][4]. Group 1: Repurchase Terms - Bondholders can sell back part or all of their unconverted convertible bonds during the repurchase period [8]. - The repurchase price is set at 100.49 RMB per bond, which includes accrued interest [12]. - The repurchase period is from October 23, 2025, to October 29, 2025, with funds to be disbursed on November 3, 2025 [4][13]. Group 2: Conditions for Repurchase - The conditional repurchase clause is activated when the company's stock price remains below 70% of the conversion price for thirty consecutive trading days [2]. - If bondholders do not exercise their repurchase rights during the specified period, they will lose the right to do so for the current interest year [5]. Group 3: Interest Calculation - The interest for the current period is calculated based on the formula: IA = B × i × t / 365, where the interest for the fifth year is approximately 0.49 RMB per bond [6][7]. Group 4: Trading During Repurchase Period - The convertible bonds will continue to trade during the repurchase period but will stop converting into shares [15]. - If the total face value of the bonds in circulation falls below 30 million RMB due to the repurchase, the bonds will still continue to trade until the end of the repurchase period [15].

| 证券代码：603877 | 证券简称：太平鸟 | 公告编号：2025-076 | | --- | --- | --- | | 债券代码：113627 | 债券简称：太平转债 | | 宁波太平鸟时尚服饰股份有限公司 关于"太平转债"可选择回售的公告 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： 因回售期间"太平转债"停止转股,本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 113627 | 太平转债 | 可转债转股停牌 | 2025/10/23 | | 2025/10/29 | 2025/10/30 | "太平转债"持有人可回售部分或全部未转股的可转换公司债券。"太平转债" 持有人有权选择是否进行回售，本次回售不具有强制性。 本次满足回售条款而"太平转债"持有人未在上述回售期内申报并实施回售的， 本计息年度（即 2025 年 ...

Core Insights - The total margin financing and securities lending balance in the Shanghai and Shenzhen markets reached 24,343.03 billion yuan, an increase of 475.63 billion yuan compared to the previous trading day [1] - The financing balance specifically was 24,181.86 billion yuan, reflecting a week-on-week increase of 472.14 billion yuan [1] Market Overview - The Shanghai market's margin balance was 12,417.59 billion yuan, up by 223.66 billion yuan from the previous trading day, while the Shenzhen market's balance was 11,925.44 billion yuan, increasing by 251.97 billion yuan [1] Stock Performance - A total of 2,135 stocks experienced net inflows of financing funds, with three stocks exceeding 1 billion yuan in net buying: ZTE Corporation (20.72 billion yuan), Xinyi Technology (17.09 billion yuan), and Dongfang Wealth (13.28 billion yuan) [3][5] - The top stocks by net financing inflow also included Zijin Mining (9.46 billion yuan) and Northern Rare Earth (7.79 billion yuan) [5][6] Financing Inflow Proportions - Nineteen stocks had financing net buying amounts that accounted for over 10% of their total transaction amounts, with Yutong Technology leading at 20.48%, followed by Taiping Bird at 19.08% and Zhuoyue New Energy at 19.02% [6][7]

Retail Industry Overview - The total retail sales of consumer goods in China reached 24.55 trillion yuan in the first half of the year, with a year-on-year growth of 5.0%, slightly up from 3.7% in the same period last year [2] - Online retail sales amounted to 7.43 trillion yuan, growing by 8.5%, while offline retail sales were 17.12 trillion yuan, with a growth of 3.75%, indicating a shift in consumer shopping habits towards online platforms [2][5] Store Closures - In the first half of 2025, at least 1.71 million stores closed across various sectors, including major brands like Walmart, Starbucks, and Haidilao [2] - The supermarket sector saw at least 720 store closures, including national and regional brands such as Yonghui Supermarket and Hema [3][4] - The restaurant industry faced nearly 10,000 closures, while the apparel sector saw around 4,500 stores shut down [2][6] Supermarket Sector Challenges - Traditional supermarkets are experiencing accelerated closures due to increased competition from e-commerce and the rise of instant retail, which has grown from 36.6 billion yuan in 2017 to 650 billion yuan in 2023 [6] - Many supermarkets are closing underperforming stores and focusing on online business to adapt to changing consumer preferences [6][7] Department Store and Shopping Center Decline - The department store sector reported a year-on-year growth of only 1.2%, with at least 23 department stores and shopping centers closing in the first half of 2025 [8][9] - The decline is attributed to outdated business models and a lack of unique product offerings, leading to decreased foot traffic [11][12] Tea and Coffee Shop Closures - The tea and coffee sectors saw significant closures, with at least 6,673 tea and coffee shops shutting down in the first half of 2025 [13] - Brands like Heytea and Nayuki faced substantial store reductions, reflecting a market consolidation where only strong brands survive [15][20] Apparel Industry Adjustments - The apparel sector experienced a 3.1% year-on-year growth, with at least 4,563 clothing stores closing, including major brands like Semir and GU [21][24] - The closures are driven by high inventory levels, brand aging, and a shift towards larger store formats, which require higher operational efficiency [24][25][27] Cinema Industry Struggles - The cinema industry is facing a crisis, with a high vacancy rate of 30-40% and at least 38 cinemas closing in the first half of 2025 [28][30] - Factors contributing to this decline include high fixed costs, reliance on blockbuster films, and competition from streaming services [30][31][32] Other Industries - Various other sectors, including pet care, home improvement, and education, also experienced closures, indicating a broader trend of market contraction [34]