证券代码：605167 证券简称：利柏特 公告编号：2025-027 江苏利柏特股份有限公司 向不特定对象发行可转换公司债券发行结果公告 保荐人（主承销商）：国泰海通证券股份有限公司 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： 江苏利柏特股份有限公司（以下简称"发行人"或"公司"）向不特定对象发 行可转换公司债券（以下简称"可转债"）已获得中国证券监督管理委员会证监许 可〔2025〕1173 号文同意注册。本次发行的保荐人（主承销商）为国泰海通证券 股份有限公司（以下简称"保荐人（主承销商）"）。本次发行的可转债简称为" 利柏转债"，债券代码为"111023"。 | 类别 | 认购数量（手） 放弃认购数量（手） | | | --- | --- | --- | | 原股东 | 606,638 | 0 | | 网上社会公众投资者 | 140,052 | 3,310 | | 网下机构投资者 | - | - | | 主承销商包销数量（放弃 认购总数量） | | 3,310 | | 发行数量合计 | | 750,00 ...

Group 1 - The core point of the announcement is the results of the online lottery for the issuance of convertible bonds by Jiangsu Libat Co., Ltd. [1] - The issuance was conducted under the supervision of relevant representatives to ensure transparency and fairness [1] - A total of 143,362 winning numbers were announced, with each winning number eligible to subscribe for one hand (1,000 yuan) of Libat convertible bonds [2]

根据《江苏利柏特股份有限公司向不特定对象发行可转换公司债券发行公 告》，发行人江苏利柏特股份有限公司（以下简称"利柏特"、"发行人"或"公 司"）及本次可转债发行的保荐人（主承销商）国泰海通证券股份有限公司于 2025 年 7 月 4 日（T+1 日）主持了利柏特向不特定对象发行可转换公司债券（以下简 称"利柏转债"）网上发行中签摇号仪式。摇号仪式按照公开、公平、公正的原 则在有关单位代表的监督下进行，摇号结果经上海市东方公证处公证。现将中签 结果公告如下： | 末尾位数 | 中签号码 | | | | | --- | --- | --- | --- | --- | | 末"5"位数 | 53998 | | | | | 末"6"位数 | 683273，883273，483273，283273，083273，399760，899760 | | | | | 末"7"位数 | 9605793，4605793，2013918 | | | | | 末"8"位数 | 35706377，60706377，85706377，10706377 | | | | | 末"9"位数 | 250732373，450732373，6507 ...

Core Viewpoint - Jiangsu Libat Co., Ltd. has successfully issued convertible bonds amounting to 750 million yuan, with a significant portion allocated to existing shareholders and a small portion available for public investors [1][4][5]. Group 1: Issuance Details - The total amount of the convertible bonds issued is 750 million yuan, with an issuance price of 100 yuan per bond [4][5]. - The priority subscription for existing shareholders accounted for approximately 80.89% of the total issuance, amounting to 606.638 million yuan [4][5]. - The public subscription resulted in a total of 143.362 million yuan, representing about 19.11% of the total issuance, with a low winning rate of 0.00173477% [5]. Group 2: Subscription and Allocation - The effective subscription amount from the public was 8,264,019,313 hands, equating to 8.264 billion yuan, with a total of 8,294,686 valid subscription accounts [5]. - The actual allocation for public investors was 750,000 bonds, amounting to 750 million yuan [5]. - The company and the lead underwriter will conduct a lottery draw for the allocation results on July 4, 2025, with results to be disclosed on July 7, 2025 [5]. Group 3: Underwriting and Risk Management - The lead underwriter, Guotai Junan Securities Co., Ltd., will underwrite any portion of the issuance that does not reach 75 million yuan, with a maximum underwriting amount of 22.5 million yuan [2][3]. - If the total subscription does not meet 70% of the issuance, the issuer and underwriter may consider halting the issuance and will report to the Shanghai Stock Exchange [2].

证券代码：605167 证券简称：利柏特 公告编号：2025-025 江苏利柏特股份有限公司 向不特定对象发行可转换公司债券 网上中签率及优先配售结果公告 保荐人（主承销商）：国泰海通证券股份有限公司 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： | 类别 | 中签率/配售 比例（%） | 有效申购数量 （手） | 实际配售数 量（手） | 实际获配金 额（元） | | --- | --- | --- | --- | --- | | 原股东 | 100.00 | 606,638 | 606,638 | 606,638,000 | | 网上社会公众投 资者 | 0.00173477 | 8,264,019,313 | 143,362 | 143,362,000 | | 网下机构投资者 | - | - | - | - | | 合计 | | 8,264,625,951 | 750,000 | 750,000,000 | 特别提示 江苏利柏特股份有限公司（以下简称"利柏特"、"发行人"或"公司"）向不 特定对象发行可 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - The target price of Libo Convertible Bond on the first day of listing is expected to be between 132 - 137 yuan, and investors are advised to actively subscribe. The conversion premium rate on the first day of listing is estimated to be in the range of 30% - 35% [2][19]. - The estimated first - day new - bond lottery winning rate is around 0.0027% - 0.0043% [20]. 3. Summary According to the Catalog 3.1 Libo Convertible Bond New - Bond Analysis and Investment Suggestions 3.1.1 Convertible Bond Basic Terms Analysis - The issuance method of Libo Convertible Bond is priority placement and online issuance. The bond and issuer ratings are AA, with an issuance scale of 750 million yuan. The initial conversion price is 12.14 yuan. As of July 2, 2025, the conversion parity is 101.32 yuan, and the pure bond value is 99.26 yuan. The game terms are normal, with general issuance scale and liquidity, a decent rating, and good bond floor protection [16]. 3.1.2 New - Bond Initial Listing Price Analysis - The company's main business is the design and manufacturing of industrial modules, with main products including process modules, pipe rack modules, and pipe pre - fabricated parts. The funds raised from this issuance are mainly used for the "Large - scale Industrial Module Manufacturing Project of Nantong Libote Heavy Industry Co., Ltd." [19]. - Based on the valuation reference of Huashe Convertible Bond and Nenghui Convertible Bond, considering the current market environment and parity level, the conversion premium rate of Libo Convertible Bond on the first day of listing is expected to be in the range of 30% - 35%, corresponding to a first - day listing target price of around 132 - 137 yuan [2][19]. 3.1.3 Convertible Bond New - Bond Lottery Winning Rate Analysis - Assuming the old shareholder placement ratio is 54% - 71%, the scale of Libo Convertible Bond available to the market is 216 million - 343 million yuan. Assuming the online effective subscription volume is 7.92 million households, the lottery winning rate is estimated to be around 0.0027% - 0.0043% [20]. 3.2 Underlying Stock Fundamental Analysis 3.2.1 Company's Main Business and Up - stream and Down - stream Industry Situations - The company's main business is the design and manufacturing of industrial modules. The upstream industries are mainly raw material suppliers and subcontractors, which are highly competitive and have little impact on the company. The downstream industries are mainly the chemical industry, and the company is also actively exploring multiple industries such as oil and gas energy and nuclear power projects [21]. 3.2.2 Company's Operating Conditions - From 2022 to Q1 2025, the company's operating income was 1.721 billion yuan, 3.242 billion yuan, 3.493 billion yuan, and 668 million yuan respectively, with year - on - year growth rates of - 13.21%, 88.39%, 7.72%, and 1.45%. The comprehensive gross profit margin showed a slight fluctuation, and the net profit margin also fluctuated. The company's period expenses increased slightly, and R & D expenses showed an upward trend. Accounts receivable and the accounts receivable turnover rate fluctuated, and the net profit attributable to the parent company increased year by year [24][26][37]. 3.2.3 Company's Equity Structure and Main Subsidiaries - As of the end of 2024, the company's equity structure was relatively concentrated. The top two shareholders held a combined 54.31% of the shares, and the top 13 shareholders held a combined 71.67% of the shares. Shen Binqiang and Shen Xuan were the actual controllers, controlling 46.51% of the shares. The company has 7 wholly - owned subsidiaries [40]. 3.2.4 Company's Business Characteristics and Advantages - The company has high - tech barriers in the industrial module business, with an expanding development space. It has an "EPFC" full - industry chain and integrated service capabilities [45]. - The company has advantages in design and manufacturing capabilities, business qualifications, and customer resources [45][46]. 3.2.5 Allocation of This Fund - Raising - The company plans to issue convertible bonds to raise a total of no more than 750 million yuan, all of which will be used for the "Large - scale Industrial Module Manufacturing Project of Nantong Libote Heavy Industry Co., Ltd." with a total investment of 1.295 billion yuan. The project's internal rate of return (after - tax) is 13.05%, and the after - tax static investment payback period (including the construction period) is 6.06 years [48].

Core Viewpoint - Jiangsu Libat Co., Ltd. is issuing 750 million yuan of convertible bonds to unspecified investors, having received approval from the China Securities Regulatory Commission [1][19]. Group 1: Issuance Details - The total amount of the convertible bonds to be issued is 750 million yuan [13]. - The bonds will be issued at a price of 100 yuan per bond [14]. - The issuance will prioritize existing shareholders, who can subscribe to the bonds based on their shareholding as of July 2, 2025 [9][10]. Group 2: Subscription Process - The subscription date for existing shareholders is set for July 3, 2025, during normal trading hours [11]. - The subscription ratio for existing shareholders is 0.001689 bonds per share [5][10]. - Investors must ensure they have sufficient funds in their accounts to cover their subscription amounts [12]. Group 3: Underwriting and Risk Management - The lead underwriter, Guotai Junan Securities Co., Ltd., will underwrite any shortfall in subscriptions, with a maximum underwriting limit of 30% of the total issuance [8][19]. - If the total subscriptions do not reach 70% of the issuance amount, the issuer and underwriter may consider suspending the issuance [17][19]. Group 4: Investor Eligibility - Eligible investors include individuals, legal entities, and other investors holding accounts with the China Securities Depository and Clearing Corporation [12][14]. - Investors must comply with the relevant regulations regarding the suitability of investments in convertible bonds [12][14].

证券代码：605167 证券简称：利柏特 公告编号：2025-024 江苏利柏特股份有限公司 向不特定对象发行可转换公司债券 发行提示性公告 保荐人（主承销商）：国泰海通证券股份有限公司 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。 特别提示 江苏利柏特股份有限公司（以下简称"利柏特"、"发行人"或"公司"）向 不特定对象发行 7.50 亿元可转换公司债券（以下简称"利柏转债"，代码"111023"） 已获得中国证券监督管理委员会（以下简称"中国证监会"）证监许可〔2025〕 1173 号文同意注册。本次发行的保荐人（主承销商）为国泰海通证券股份有限 公司（以下简称"保荐人（主承销商）"）。本次发行的《江苏利柏特股份有限公 司向不特定对象发行可转换公司债券发行公告》（以下简称"《发行公告》"）已刊 登在 2025 年 7 月 1 日（T-2 日）的《上海证券报》等中国证监会指定的上市公 司信息披露媒体上。投资者亦可在上海证券交易所网站（http://www.sse.com.cn） 查询《江苏利柏特股份有限公司向不特定对象发行 ...

Core Viewpoint - Jiangsu Libert INC. is issuing convertible bonds to unspecified investors, aiming to raise funds for its business expansion and enhance its market position [1][2]. Group 1: Bond Issuance Details - The company is issuing convertible bonds that have been rated AA by Zhongceng Pengyuan Credit Rating Co., Ltd., with a stable outlook [2]. - The bonds will not be secured, which may increase risk if significant negative events impact the company's operations and debt repayment ability [3]. Group 2: Profit Distribution Policy - The company has a proactive cash or stock dividend distribution policy, prioritizing cash dividends when conditions allow [3][4]. - Cash dividends will be distributed if the company has positive earnings and sufficient cash flow to meet operational needs, with a minimum of 10% of distributable profits allocated for cash dividends [3][6]. - In the last three years, the company distributed a total of 84.85 million yuan in cash dividends, representing 44.83% of the average annual distributable profits [10]. Group 3: Risk Factors - The company acknowledges potential risks related to macroeconomic fluctuations, operational performance declines, and procurement price volatility, which could adversely affect its financial stability [11][12][13]. - The company emphasizes the importance of effective management of its projects and resources to mitigate risks associated with order fulfillment and site resource allocation [12]. Group 4: Commitment to Shareholder Returns - The company commits to maintaining its dividend policy and ensuring reasonable returns to investors, particularly small shareholders, following the issuance of convertible bonds [15]. - Major shareholders and executives have pledged not to participate in the bond issuance if they have recently reduced their stock holdings, ensuring alignment with shareholder interests [16][18].

Group 1 - The company Jiangsu Libat Co., Ltd. has received approval from the China Securities Regulatory Commission for the issuance of convertible bonds to unspecified investors [1] - The issuance will prioritize existing shareholders, with any remaining bonds being offered to the public through the Shanghai Stock Exchange [1] - A summary of the bond issuance prospectus and related announcements was disclosed on July 1, 2025, and full documents can be accessed on the Shanghai Stock Exchange website [1] Group 2 - An online roadshow will be held on July 2, 2025, from 14:00 to 15:00 to inform investors about the bond issuance [2] - The roadshow will be accessible via the China Securities Network Roadshow Center [2] - Key participants in the roadshow will include members of the company's management and representatives from the lead underwriter, Guotai Junan Securities [2]