| 证券代码：605222 | 证券简称：起帆电缆 | 公告编号：2025-036 | | --- | --- | --- | | 债券代码：111000 | 债券简称：起帆转债 | | 上海起帆电缆股份有限公司 关于向特定对象发行股票方案到期失效的公告 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。 上海起帆电缆股份有限公司（以下简称"公司"）于 2024 年 5 月 30 日召开 第三届董事会第二十六次会议和第三届监事会第十八次会议，并于 2024 年 6 月 17 日召开了 2024 年第一次临时股东大会，分别审议通过了《关于公司符合向特 定对象发行股票条件的议案》《关于提请股东大会授权董事会及其授权人士全权 办理本次向特定对象发行股票相关事宜的议案》等与公司 2024 年度向特定对象 发行股票（以下简称"本次发行"）的相关议案。根据上述股东大会决议，公司 本次向特定对象发行股票决议的有效期和股东大会授权董事会及其授权人士全 权办理向特定对象发行股票相关事宜的有效期为自公司上述股东大会审议通过 之日起 12 个月，即从 ...

Investment Rating - The industry investment rating is maintained as "Positive" [6] Core Viewpoints - The wind power sector is expected to emerge from its "cycle," moving towards profitability and new growth opportunities [2] - The land wind cycle is showing signs of recovery, with expectations for price and volume restoration [4] - The offshore wind cycle is at a turning point, with anticipation for marginal improvements [4] Summary by Sections Investment Recommendations and Targets - The report suggests focusing on the recovery of the wind power industry chain, highlighting companies such as Goldwind Technology (002202), Mingyang Smart Energy (601615), and others [4] - For offshore wind, it recommends companies with high relevance to offshore wind, including Dongfang Cable (603606) and Zhenjiang Co. (603507) [4] Market Trends - The bidding data for wind power projects from January to May 2025 shows a steady growth trend, with a total scale of approximately 64.46 GW, reflecting a year-on-year increase of nearly 20% [9] - The average bidding prices for land wind power projects have stabilized, indicating a potential recovery in profitability for the wind power industry chain [9] - The export of wind turbines is a key driver for long-term industry growth, with significant increases in international bidding volumes [9]

| 证券代码：605222 | 证券简称：起帆电缆 | 公告编号：2025-035 | | --- | --- | --- | | 债券代码：111000 | 债券简称：起帆转债 | | 上海起帆电缆股份有限公司 关于"起帆转债"预计触发转股价格向下修正条件的提示性 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： "起帆转债"本次触发转股价格向下修正条件的期间从 2025 年 5 月 29 日起算，截至 2025 年 6 月 12 日，上海起帆电缆股份有限公司（以下 简称"公司"）股价已出现有十个交易日的收盘价低于转股价的 85%。 若公司股价在任意连续三十个交易日中至少有十五个交易日的收盘价 低于转股价的 85%，预计将触发"起帆转债"转股价格向下修正条款， 公司将于触发转股价格向下修正条款当日召开董事会决定是否行使 "起帆转债"的转股价格向下修正权利。 一、可转债发行上市概况 （三）可转债转股价格调整情况 （一）可转债发行情况 经中国证券监督管理委员会《关于核准上海起帆电缆股份有限公司公开发行 可转换 ...

Group 1 - The core viewpoint is that the deep-sea technology sector is becoming increasingly important as part of China's marine power strategy, with listed companies playing a crucial role in driving research and development towards large-scale applications [1][3]. - Listed companies are actively seizing opportunities in the deep-sea technology field, with Shanghai Qifan Cable Co., Ltd. stating its capability to produce long-length submarine cables and its involvement in offshore wind power projects [2]. - China Shipbuilding Group is enhancing its deep-sea equipment development capabilities and aims to create a closed-loop system for deep-sea technology that integrates research, validation, and application [2][3]. Group 2 - The deep-sea technology industry is expected to significantly contribute to China's marine economy, with projections indicating that by 2025, the marine production value will exceed 13 trillion yuan, with deep-sea technology-related industries accounting for over 25% [4]. - The development of deep-sea technology is supported by advancements in core technologies and equipment autonomy, establishing a solid foundation for industrial growth [4]. - A complete industrial chain covering exploration, development, manufacturing, and protection has been formed in China, facilitating rapid commercialization of technological achievements [4].

Group 1 - The company held its 36th meeting of the third board of directors on May 28, 2025, with all 9 directors present, and the meeting complied with the Company Law and the Articles of Association [2][3][4] - The board reviewed and approved the proposal not to adjust the conversion price of the "Qifan Convertible Bonds" downwards, despite triggering conditions for adjustment due to stock prices being below 85% of the current conversion price for at least 15 trading days [3][8][12] - The next period for potential adjustment of the conversion price will be recalculated starting from May 29, 2025, and the board will reconvene if further triggering conditions arise [3][12][13] Group 2 - The "Qifan Convertible Bonds" were issued on May 24, 2021, with a total issuance of 10 million bonds, each with a face value of 100 yuan, totaling 1 billion yuan, and a maturity of 6 years with varying interest rates [8][9] - The initial conversion price was set at 20.53 yuan per share, which has been adjusted multiple times due to corporate actions, with the latest price being 19.59 yuan per share [10][11][12] - The company has established specific terms for downward adjustment of the conversion price, which requires at least two-thirds approval from shareholders present at the meeting [12][13]

| 证券代码：605222 | 证券简称：起帆电缆 | 公告编号：2025-033 | | --- | --- | --- | | 债券代码：111000 | 债券简称：起帆转债 | | 上海起帆电缆股份有限公司 第三届董事会第三十六次会议决议公告 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。 公司董事就提交董事会审议的事项进行了充分审议，并通过如下议案： 1、审议通过《关于不向下修正"起帆转债"转股价格的议案》 截至 2025 年 5 月 28 日，公司股票已出现任意连续三十个交易日中至少有十 五个交易日的收盘价格低于当期转股价格的 85%的情形，触发"起帆转债"转股 价格向下修正条件。经综合考虑公司的基本情况、市场环境、股价走势等诸多因 素，以及对公司长期稳健发展与内在价值的信心，公司董事会决定本次不向下修 正"起帆转债"转股价格，下一次触发转股价格修正条件的期间从 2025 年 5 月 29 日起重新计算，若再次触发"起帆转债"转股价格向下修正条件，届时公司 董事会将再次召开会议决定是否行使"起帆转债"的转股价格向下修 ...

关于不向下修正"起帆转债"转股价格的公告 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： 一、可转债发行上市概况 （一）可转债发行情况 经中国证券监督管理委员会《关于核准上海起帆电缆股份有限公司公开发行 可转换公司债券的批复》（证监许可[2021]667 号）文核准，上海起帆电缆股份 有限公司（以下简称"公司"）于 2021 年 5 月 24 日公开发行 1,000 万张可转换 公司债券，每张面值 100 元，发行总额 10 亿元，期限 6 年，票面利率第一年 0.40%、 第二年 0.60%、第三年 1.00%、第四年 1.50%、第五年 2.00%、第六年 3.00%。 | 证券代码：605222 | 证券简称：起帆电缆 | 公告编号：2025-034 | | --- | --- | --- | | 债券代码：111000 | 债券简称：起帆转债 | | 上海起帆电缆股份有限公司 二、可转债转股价格修正条款与触发情况 （一）转股价格修正条款 （二）可转债上市情况 自 2025 年 5 月 8 日至 2025 ...

| 证券代码：605222 | 证券简称：起帆电缆 | 公告编号：2025-032 | | --- | --- | --- | | 债券代码：111000 | 债券简称：起帆转债 | | 上海起帆电缆股份有限公司 关于对外担保的进展公告 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： 一、担保情况概述 1、担保基本情况 2025 年 5 月 21 日，上海起帆电缆股份有限公司（以下简称"公司"）与中 国农业银行股份有限公司池州分行签署了《最高额保证合同》，为全资子公司池 州起帆电缆有限公司（以下简称"池州起帆"）与中国农业银行股份有限公司池 州分行之间签署的融资授信业务主合同项下债务的履行提供担保，担保方式为连 带责任担保，担保的最高债权余额为人民币 1,500.00 万元，担保期限为主合同 项下债务履行期限届满之日起三年，已实际为其提供担保余额为 25,594.17 万 元。 被担保人名称：池州起帆电缆有限公司 本次担保金额：本次提供担保的最高债权额为人民币 1,500.00 万元，已 实际为其提供担保余额为 ...

Core Viewpoint - The company announces that the "Qifan Convertible Bonds" are expected to trigger conditions for a downward adjustment of the conversion price due to the stock price being below 85% of the conversion price for ten consecutive trading days from May 8, 2025, to May 21, 2025 [1][5] Summary by Sections Convertible Bond Issuance Overview - The company received approval from the China Securities Regulatory Commission for the public issuance of convertible bonds, amounting to 1 billion yuan, with a term of 6 years starting from June 17, 2021 [1][2] - The initial conversion price was set at 20.53 yuan per share [2] Adjustment of Conversion Price - The conversion price has been adjusted multiple times due to corporate actions: - Adjusted from 20.53 yuan to 20.10 yuan due to a restricted stock incentive plan [2] - Adjusted from 20.10 yuan to 19.86 yuan following the 2021 profit distribution [2] - Adjusted from 19.86 yuan to 19.75 yuan after the 2022 profit distribution [3] - Adjusted from 19.75 yuan to 19.59 yuan after the 2023 profit distribution, effective from June 18, 2024 [3] Downward Adjustment Clause and Trigger Conditions - The downward adjustment clause states that if the stock price is below 85% of the conversion price for at least 15 out of 30 consecutive trading days, the board may propose a downward adjustment [4] - The company will hold a board meeting to decide whether to exercise the downward adjustment right if the conditions are met [4][5]

| 证券代码：605222 | 证券简称：起帆电缆 | 公告编号：2025-031 | | --- | --- | --- | | 债券代码：111000 | 债券简称：起帆转债 | | 上海起帆电缆股份有限公司 关于"起帆转债"预计触发转股价格向下修正条件的提示性 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： "起帆转债"本次触发转股价格向下修正条件的期间从 2025 年 5 月 8 日起算，截至 2025 年 5 月 21 日，上海起帆电缆股份有限公司（以下 简称"公司"）股价已出现有十个交易日的收盘价低于转股价的 85%。 若公司股价在任意连续三十个交易日中至少有十五个交易日的收盘价 低于转股价的 85%，预计将触发"起帆转债"转股价格向下修正条款， 公司将于触发转股价格向下修正条款当日召开董事会决定是否行使 "起帆转债"的转股价格向下修正权利。 一、可转债发行上市概况 （一）可转债发行情况 经中国证券监督管理委员会《关于核准上海起帆电缆股份有限公司公开发行 可转换公司债券的批复》（证监许可[20 ...