| 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2026-016 | | --- | --- | --- | | 转债代码：118009 | 转债简称：华锐转债 | | 株洲华锐精密工具股份有限公司 关于实施"华锐转债"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、准确性和完整性依法承担法律责任。 重要内容提示： 自 2026 年 1 月 29 日起，"华锐转债"停止交易。 最后转股日：2026 年 2 月 2 日 截至 2026 年 1 月 28 日收市后，距离 2026 年 2 月 2 日（"华锐转债"最后 转股日）仅剩 3 个交易日，2026 年 2 月 2 日为"华锐转债"最后一个转股日。 本次提前赎回完成后，"华锐转债"将自 2026 年 2 月 3 日起在上海证券 交易所摘牌。 投资者所持可转债除在规定时限内按照 61.89 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（即 101.1047 元/张）被强 制赎回。若被强制赎回，可能面临较大投资损失。 "华锐转 ...

Core Viewpoint - The last trading day for Huari Convertible Bonds is January 28, and investors who do not act in time may face losses exceeding 36% [2][5][9]. Group 1: Important Dates and Actions - January 28 is the last trading day for Huari Convertible Bonds, and February 2 is the final conversion day for bondholders [5][9]. - After the market closes on February 2, unconverted Huari Convertible Bonds will be frozen and cease trading and conversion [5][9]. Group 2: Financial Implications - As of January 27, the closing price of Huari Convertible Bonds was 159.074 yuan per bond, while the forced redemption price is 101.1047 yuan per bond, indicating a potential loss of over 36% for investors who do not act [9][10]. - There remains a balance of 0.71 billion yuan of Huari Convertible Bonds that have not been traded or converted, accounting for over 17% of the total [9]. Group 3: Investor Guidance - Investors can either sell the convertible bonds to secure profits or convert them into company shares at a price of 61.89 yuan per share between January 28 and February 2 [9][12]. - The new regulations for convertible bonds include a "Z" designation on the last trading day to alert investors to the associated risks [12].

Summary of Key Points Core Viewpoint The announcement details the cumulative conversion of the "Hua Rui Convertible Bonds" into shares, indicating significant milestones in the bond's lifecycle and upcoming redemption events. Group 1: Cumulative Conversion Status - As of January 26, 2026, the cumulative conversion amount of "Hua Rui Convertible Bonds" reached 329,296,000 yuan, resulting in the conversion of 5,319,007 shares, which accounts for 12.0865% of the company's total shares before conversion [2][6] - The amount of convertible bonds that have not yet been converted stands at 70,704,000 yuan, representing 17.6760% of the total issuance [2][7] Group 2: Convertible Bond Issuance Overview - The company issued 4 million convertible bonds with a total value of 40 million yuan, which began trading on July 21, 2022, and has a maturity period of six years [3] - The initial conversion price was set at 130.91 yuan per share, which has been adjusted to 61.89 yuan per share as of January 8, 2026 [3][6] Group 3: Redemption and Trading Information - The last trading day for "Hua Rui Convertible Bonds" is January 28, 2026, and the last conversion day is February 2, 2026 [10][11] - The bonds will be redeemed at a price of 101.1047 yuan per bond, which includes accrued interest, starting from February 3, 2026 [12][17] - Investors are advised to convert or sell their bonds before the deadlines to avoid forced redemption [12][26] Group 4: Tax Implications - Individual investors are subject to a 20% tax on interest income from the bonds, resulting in a net redemption amount of 100.8838 yuan per bond after tax [24]

Core Viewpoint - The recent rise in tungsten prices is attributed to a combination of rigid supply contraction, explosive demand from emerging sectors, and the strategic resource nature of tungsten [1] Supply Side - China has implemented strict total control over tungsten mining, with mining quotas tightening since 2025 and small mines exiting the market, leading to effective supply contraction [1] - Current tungsten product social inventory is at a five-year low, and the supply-demand gap is expected to continue widening [1] Demand Side - Traditional demand for hard alloys is steadily recovering, while new sectors such as photovoltaic tungsten wire, nuclear fusion device construction, and military equipment upgrades are experiencing explosive growth [1] - The penetration rate of photovoltaic tungsten wire has rapidly increased, becoming a core demand increment [1] Price Outlook - Tungsten prices are likely to remain high and exhibit strong fluctuations, with the price center expected to rise further by 2026 [1] Company Strategy - Hunan Huari Precision has established a comprehensive raw material price tracking system to manage costs amid rising tungsten prices [2] - The company employs strategies such as signing framework agreements with suppliers and prepaying for materials to lock in prices and quantities, while also implementing a proactive inventory strategy [2] Product Development - Huari Precision is focusing on research in basic materials and expanding into non-tungsten new materials such as metal ceramics and superhard materials, enriching its product line [2] - The company's multiple price increases in response to raw material cost pressures reflect its mature cost control and market negotiation capabilities [2] Market Position - The company's strategy aligns with China's manufacturing transformation and high-end manufacturing development trends, reducing reliance on a single tungsten supply chain and enhancing resilience to price fluctuations [2]

Group 1 - The core point of the article is that Huari Precision announced that investors holding convertible bonds can either trade them in the secondary market within the specified time or convert them at a price of 61.89 yuan per share, otherwise they will be forced to redeem at a face value of 100 yuan per bond plus accrued interest, totaling 101.1047 yuan per bond, which may lead to significant investment losses for those who are forced to redeem [2] Group 2 - The company warns "Huari Convertible Bond" holders to pay attention to the deadline for conversion or selling to avoid potential investment losses [2]

关于实施"华锐转债"赎回暨摘牌的第七次提示性公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 截至 2026 年 1 月 27 日收市后，距离 2026 年 1 月 28 日（"华锐转债"最后 交易日）仅剩 1 个交易日，2026 年 1 月 28 日为"华锐转债"最后一个交易日。 最后转股日：2026 年 2 月 2 日 截至 2026 年 1 月 27 日收市后，距离 2026 年 2 月 2 日（"华锐转债"最后 转股日）仅剩 4 个交易日，2026 年 2 月 2 日为"华锐转债"最后一个转股日。 | 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2026-014 | | --- | --- | --- | | 转债代码：118009 | 转债简称：华锐转债 | | 株洲华锐精密工具股份有限公司 本次提前赎回完成后，"华锐转债"将自 2026 年 2 月 3 日起在上海证券 交易所摘牌。 投资者所持可转债除在规定时限内通过二级市场继续交易或按照 61.89 元/股的转股价格进行转 ...

| 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2026-015 | | --- | --- | --- | | 转债代码：118009 | 转债简称：华锐转债 | | 株洲华锐精密工具股份有限公司 关于"华锐转债"转股数额累计达到转股前公司已发行 股份总额 10%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、准确性和完整性依法承担法律责任。 重要内容提示： 累计转股情况：株洲华锐精密工具股份有限公司（以下简称"公司"）向 不特定对象发行的可转换公司债券"华锐转债"自 2022 年 12 月 30 日开始转股， 截至 2026 年 1 月 26 日，"华锐转债"累计转股金额 329,296,000 元，转股数量 5,319,007 股，占"华锐转债"转股前公司已发行股份总额的 12.0865%。 未转股可转债情况：截至 2026 年 1 月 26 日，"华锐转债"尚未转股的可 转债金额为 70,704,000 元，占"华锐转债"发行总量的 17.6760%。 "华锐转债"转股价格调整情况如下： 因公司实施 2022 年年度权益分 ...

Core Viewpoint - The essence of the cyclical performance of the tool industry is the fluctuation of tool prices, with the rising price of tungsten carbide becoming a decisive factor for the long-term upward cycle of tools [1][2] Group 1: Cycle Judgment - The end of price deflation marks the beginning of an upward cycle in the tool industry [1] - Tool demand is positively correlated with industrial added value, indicating a long-term increase in demand [1] - Tungsten carbide, accounting for 52% of the main BOM cost, is the core factor affecting the industry cycle [1][2] Group 2: Tungsten Price Trend - Domestic tungsten ore mining indicators are expected to decrease by 6.45% year-on-year by 2025, leading to a tightening global supply [2] - The CAGR of tungsten consumption in China from 2020 to 2024 is projected to be 5.52%, with a growing global supply-demand gap [2] - Tungsten is a strategic metal in defense and high-end manufacturing, with export controls implemented to maintain national security [2] Group 3: Competitive Landscape - The tool industry is experiencing a supply-side reform with a trend towards industry consolidation and a decline in foreign imports [3] - From 2018 to 2022, China's tool import value decreased from 14.8 billion to 12.6 billion, while export value increased from 18 billion to 23.2 billion [3] - Private enterprises are showing significant innovation advantages and market vitality, while state-owned enterprises face management and innovation challenges [3] Group 4: Fundamental Evidence - The tool industry is establishing an upward cycle with synchronized improvement in financial statements [4] - Revenue and net profit growth rates for the first three quarters of 2025 are 23.12% and 13.62% respectively, indicating an industry turning point [4] - The cash flow situation is improving, with positive operating cash flow returning in the first half and first three quarters of 2025 [4]

Core Viewpoint - The company announces the early redemption of its convertible bonds, "Hua Rui Convertible Bonds," which will be delisted from the Shanghai Stock Exchange on February 3, 2026, following the last trading day on January 28, 2026 [1][2][13]. Redemption Details - The last conversion date for the bonds is February 2, 2026, with only five trading days remaining until this date [1][12]. - The redemption price is set at 101.1047 CNY per bond, which includes the face value and accrued interest [2][7]. - The redemption registration date is February 2, 2026, after which all bonds will be frozen and cease trading [6][17]. Conditions for Early Redemption - The early redemption condition has been triggered as the company's stock price has met the requirement of being at least 130% of the conversion price for a specified number of trading days [3][5]. - The stock price was above 81.24 CNY for 13 trading days from November 28, 2025, to January 7, 2026, and above 80.46 CNY for 2 trading days from January 8 to January 9, 2026 [3][5]. Investor Actions - Investors are advised to convert or sell their bonds within the specified timeframe to avoid potential losses, as failure to do so may result in forced redemption at the lower price [2][16]. - The company emphasizes the importance of understanding the convertible bond regulations and the associated risks [17]. Tax Implications - Individual investors are subject to a 20% tax on interest income from the bonds, resulting in a net redemption amount of 100.8838 CNY per bond after tax [14][15].

Group 1 - The core point of the article is that Huari Precision announced the cumulative conversion of "Huari Convertible Bonds" into 4,677,694 shares as of January 22, 2026, with a total share capital of 98,243,416 shares [1] - The redemption registration date and the last conversion date for "Huari Convertible Bonds" is set for February 2, 2026 [1] - From February 3, 2026, "Huari Convertible Bonds" will be delisted from the Shanghai Stock Exchange, and the company will disclose the redemption results and share changes in a timely manner [1]