证 券 代 码 ： 6 0 3 9 1 6 证 券 简 称 ： 苏 博 特 公 告 编 号 ： 2 0 2 5 - 0 3 5 转债代码：113650 转债简称：博 22 转债 江苏苏博特新材料股份有限公司 公司于 2025 年 7 月 8 日接到控股股东江苏博特新材料有限公司（以下简称 "江苏博特"）通知，江苏博特于近日通过集中竞价出售部分"博 22 转债"。截 至 2025 年 7 月 8 日，控股股东及实际控制人持有"博 22 转债"累计变动达到 10%，具体情况如下： | 序 | | --- | | 名称 | | 本次变动 | | 本次变 | | 本次变动 | | 本次变动 本次变 | | 号 | | 前持有数 | 动前持 | 数量（张） | 后持有数 | 动后持 | | --- | --- | --- | --- | --- | --- | --- | | | | 量（张） | 有比例 | | 量（张） | 有比例 | | | | | （%） | | | （%） | | 1 | 江苏博特新材料有限公司 | 1,617,550 | 20.22 | 793,250 | 824,300 | 10.31 | ...

Key Points - The company Jiangsu Subote New Materials Co., Ltd. issued 8 million convertible bonds on July 1, 2022, with a total value of 800 million yuan [1] - The bonds, named "Bo 22 Convertible Bonds," have a maturity of 6 years and a tiered interest rate starting from 0.30% in the first year to 3.00% in the sixth year [1] - The conversion price for the bonds is set at 23.95 yuan per share [1] Conversion Status - As of June 30, 2025, a total of 125,000 yuan of the Bo 22 Convertible Bonds has been converted into 5,321 shares, representing approximately 0.001266% of the company's total shares before conversion [2][3] - No bonds were converted during the quarter from March 31, 2025, to June 30, 2025, with a conversion amount of 0 yuan and 0 shares issued [2][3] Share Capital Changes - The total share capital remains unchanged at 432,614,119 shares, with no new shares issued from the convertible bond conversions [2]

证 券 代 码 ： 6 0 3 9 1 6 证 券 简 称 ： 苏 博 特 公 告 编 号 ： 2 0 2 5 - 0 3 4 转债代码：113650 转债简称：博 22 转债 江苏苏博特新材料股份有限公司 2025 年第二季度可转债转股结果暨股份变动公告 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个别及连带责任。 重要内容提示： 一、可转债发行上市概况 （一）经中国证券监督管理委员会《关于核准江苏苏博特新材料股份有限公 司公开发行可转换公司债券的批复》（证监许可[2022]1141号）核准，公司于2022 年7月1日公开发行了800万张可转换公司债券，每张面值100元，发行总额8.00 亿元。 （二）经上海证券交易所自律监管决定书[2022]196号文同意，公司 三、股本变动情况 四、其他 联系部门：证券投资部 咨询电话：025-52837688 累计转股情况：截至 2025 年 6 月 30 日，累计已有 125,000 元博 22 转债 转换为公司股份，累计转股股数为 5,321 股，占博 22 转债转股前公司已 发行股份总额 ...

Core Viewpoint - The report outlines the management and status of the convertible bonds issued by Jiangsu Sobute New Materials Co., Ltd., detailing the bond's terms, financial performance, and the company's operational status in 2024. Section 1: Debt Situation - The company has issued a total of 800,000 convertible bonds with a total value of RMB 80 million, approved by the board and shareholders [3][4]. - The bonds are set to mature in six years, from July 1, 2022, to June 30, 2028, with an annual interest rate that increases from 0.30% in the first year to 3.00% in the sixth year [4][5]. Section 2: Financial Performance - In 2024, the company reported a revenue of RMB 355.54 million, a slight decrease of 0.75% compared to 2023 [15]. - The net profit attributable to shareholders decreased by 40.24% to RMB 9.59 million [15]. - The net cash flow from operating activities increased by 56.97% to RMB 58.07 million [15]. Section 3: Fund Utilization - The company raised RMB 79.1 million after deducting underwriting fees, with the funds allocated to specific projects and managed in a dedicated account [4][15]. - As of December 31, 2024, the company had utilized RMB 63.38 million of the raised funds, with a remaining balance of RMB 15.96 million [15][16]. - The company has not changed the use of raised funds or used idle funds for temporary liquidity [16]. Section 4: Company Overview - Jiangsu Sobute New Materials Co., Ltd. is a leading supplier of new civil engineering materials in China, specializing in high-performance concrete additives [14]. - The company has received multiple accolades, including being recognized as a national high-tech enterprise and a champion product by the Ministry of Industry and Information Technology [14].

证券代码：603916 证券简称：苏博特 债券代码：113650 债券简称：博22转债 受托管理事务报告 （2024 年度） 债券受托管理人 华泰联合证券有限责任公司 关于江苏苏博特新材料股份有限公司 公开发行可转换公司债券 （深圳市前海深港合作区南山街道桂湾五路128号前海深港基金小镇B7栋401） 二〇二五年六月 1 重要声明 第一节 本期债务情况 华泰联合证券有限责任公司（以下简称"华泰联合证券"）作为江苏苏博特新 材料股份有限公司（以下简称"苏博特"或"公司"）2021 年公开发行可转换公司债 券（以下简称"本次债券"）的保荐机构、主承销商及受托管理人，持续密切关注 对债券持有人权益有重大影响的事项。根据《可转换公司债券管理办法》等相关 规定、本期债券《受托管理协议》的约定，现就本次债券 2024 年度事项报告如 下： 一、核准文件及核准规模 本次发行已经于公司第六届董事会第四次会议、第六届董事会第六次会议审 议通过，并经公司 2021 年第一次临时股东大会审议通过。 本报告依据《可转换公司债券管理办法》（以下简称"《管理办法》"）、《关 于江苏苏博特新材料股份有限公司 2021 年公开发行可转换公司 ...

Core Viewpoint - The concrete admixture market in China is experiencing a downturn due to the ongoing adjustments in the real estate sector, leading to a projected market size decrease to 49.45 billion yuan in 2024, a year-on-year decline of 9.04% [1][10]. Industry Overview - The concrete admixture is defined as materials added to concrete to improve its performance, excluding cement, aggregates, water, and fibers [2]. - The industry is significantly influenced by macroeconomic factors such as economic growth and investment scale, with infrastructure investments providing some growth opportunities despite overall economic pressures [4]. Market Demand - The primary demand for concrete admixtures comes from infrastructure construction and the real estate market, with fixed asset investment in China projected at 51.437 trillion yuan in 2024, a growth of 3.2%, while real estate development investment is expected to decrease by 10.6% [8]. - The concrete production volume is anticipated to drop to 2.101 billion cubic meters in 2024, reflecting a year-on-year decrease of 12.34% [8]. Competitive Landscape - The concrete admixture industry is facing intense competition, with many companies struggling due to a prolonged downturn in demand, particularly from the real estate sector transitioning from new construction to existing property management [13]. - Despite the challenges, several companies have distinguished themselves through superior technology and product quality, as evidenced by the top ten companies listed in the concrete admixture sector [13]. Key Companies - Jiangsu Subote New Materials Co., Ltd. reported a total revenue of 3.555 billion yuan in 2024, with 2.583 billion yuan from admixture business, accounting for 72.66% of total revenue [15]. - Leizhi Holding Group Co., Ltd. achieved a revenue of 2.617 billion yuan in 2024, with 1.955 billion yuan from admixture materials, representing 74.70% of total revenue [17]. Development Trends - The demand for high-performance admixtures is expected to grow, including multifunctional admixtures that can reduce costs and improve construction efficiency [19]. - There is a rising trend towards environmentally friendly admixtures, with companies encouraged to develop and apply bio-based and low-VOC products to meet market demands for green building materials [19].

Group 1 - The core stock price of Su Bote (603916) increased by 5.45% to 9.09 yuan as of June 27, 2025, with a market capitalization of 3.932 billion yuan [1] - The company has a total asset of 8.385 billion yuan and a net profit of 174 million yuan for the year 2024, with a slight increase in total assets to 8.3 billion yuan and a net profit of 41 million yuan in Q1 2025 [2][4] - The company maintains a credit rating of AA- for both its main entity and the "Bo 22 Convertible Bond," with a stable outlook [3][4] Group 2 - The "Bo 22 Convertible Bond" will start paying interest on July 1, 2025, with an interest payment of 1.00 yuan per bond [1][4] - The company has a relatively low financial leverage compared to the industry, but faces challenges with declining sales performance and a large scale of receivables [2]

Core Viewpoint - Jiangsu Subote New Materials Co., Ltd. maintains a stable credit rating of AA- with a stable outlook, reflecting its strong industry position and diversified production base, despite facing challenges such as declining sales performance and increased accounts receivable [3][8]. Company Overview - Jiangsu Subote is a leading company in the concrete admixture industry, with a continuous increase in production capacity and a stable product structure [8][9]. - The company has a strong research and development capability, holding 1,038 national patents and 40 international invention patents, contributing to its competitive product performance [13]. Financial Performance - Total assets increased from 77.51 billion yuan in 2022 to 83.00 billion yuan in 2025, while total liabilities rose from 31.57 billion yuan to 34.68 billion yuan during the same period [5][14]. - The company's net profit has shown a downward trend, with significant impacts from sales price declines and increased accounts receivable, which requires close monitoring [14]. Market Conditions - The concrete admixture industry is experiencing low demand from downstream sectors such as real estate and construction, leading to lower capacity utilization rates [9][10]. - The company is expanding into infrastructure projects, which has resulted in increased sales of high-performance water-reducing agents, although other product lines have seen declines [9][10]. Risk Factors - The company faces risks related to high accounts receivable, which occupied a significant portion of its funds, necessitating improved management of working capital [14]. - The competitive landscape in the industry is intensifying, with pricing pressures affecting profit margins [9][10]. Future Outlook - The company aims to enhance its market position through product innovation and expansion into new markets, while also focusing on improving its accounts receivable management [8][9].

Core Points - The company, Jiangsu Subote New Materials Co., Ltd., has maintained its credit rating at "AA-" with a stable outlook for both its corporate credit and the convertible bonds "Bo 22" [1][2] - The rating was conducted by China Chengxin International Credit Rating Co., Ltd. based on a comprehensive analysis of the company's operational status and related industry conditions [2] Group 1 - Previous rating results indicated a corporate credit rating of "AA-" and a stable outlook, with the convertible bond rating also at "AA-" [1] - The current rating results reaffirm the corporate credit rating as "AA-" and the outlook as stable, with the convertible bond rating remaining at "AA-" [2] - The rating report is available on the Shanghai Stock Exchange's official website [2]

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个别及连带责任。 江苏苏博特新材料股份有限公司 关于公开发行可转换公司债券 2025 年跟踪评级结果的公告 重要内容提示： 前次评级结果：公司主体信用等级为"AA -"；评级展望为"稳定"； 可 转换公司债券信用等级为"AA -"。 本次评级结果：公司主体信用等级为"AA -"；评级展望为"稳定"；"博 22 转债"信用等级为"AA -"。本次评级结果较前次没有变化。 证 券 代 码 ： 6 0 3 9 1 6 证 券 简 称 ： 苏 博 特 公 告 编 号 ： 2 0 2 5 - 0 3 2 转债代码：113650 转债简称：博 22 转债 中诚信国际在对公司经营状况及相关行业进行综合分析与评估的基础上，于 2025 年 6 月 25 日出具了《江苏苏博特新材料股份有限公司 2025 年度跟踪评级 报告》，维持公司的主体信用等级为 AA -，评级展望为稳定；维持"博 22 转债" 的信用等级为 AA -。 详情请参见公司刊登于上海证券交易所（www.sse.com.cn）上的《江苏苏博 特 ...