证券简称:金宏气体 债券简称:金宏转债 股票代码:688106 债券代码:118038 金宏气体股份有限公司 ( Jinhong Gas Co.,Ltd. ) 苏州市相城区黄埭镇潘阳工业园安民路 向不特定对象发行可转换公司债券 2025 年第一次临时受托管理事务报告 债券受托管理人 东吴证券股份有限公司 SOOCHOW SECURITIES CO.,LTD. 苏州工业园区星阳街 5 号 二〇二五年六月 重要声明 本报告依据《公司债券发行与交易管理办法》《金宏气体股份有限公司(作 为发行人）与东吴证券股份有限公司(作为受托管理人)关于金宏气体股份有 限公司向不特定对象发行可转换公司债券之债券受托管理协议》(以下简称 "《受托管理协议》")《金宏气体股份有限公司向不特定对象发行可转换公司 债券募集说明书》(以下简称"《募集说明书》")等相关规定,由本次债券受 托管理人东吴证券股份有限公司(以下简称"东吴证券")编制。东吴证券对本 报告中所包含的从上述文件中引述内容和信息未进行独立验证,也不就该等引 述内容和信息的真实性、准确性和完整性做出任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见 ...

证券简称:金宏气体 债券简称:金宏转债 苏州工业园区星阳街 5 号 二〇二五年六月 重要声明 本报告依据《公司债券发行与交易管理办法》《金宏气体股份有限公司(作 为发行人）与东吴证券股份有限公司(作为受托管理人)关于金宏气体股份有 限公司向不特定对象发行可转换公司债券之债券受托管理协议》(以下简称 "《受托管理协议》")《金宏气体股份有限公司向不特定对象发行可转换公司 债券募集说明书》(以下简称"《募集说明书》")等相关规定,由本次债券受 托管理人东吴证券股份有限公司(以下简称"东吴证券")编制。东吴证券对本 报告中所包含的从上述文件中引述内容和信息未进行独立验证,也不就该等引 述内容和信息的真实性、准确性和完整性做出任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见,投资者应对相 关事宜做出独立判断,而不应将本报告中的任何内容据以作为东吴证券所作的 承诺或声明。在任何情况下,投资者依据本报告所进行的任何作为或不作为, 东吴证券不承担任何责任。 股票代码:688106 债券代码:118038 金宏气体股份有限公司 ( Jinhong Gas Co.,Ltd. ) 苏州市相城区黄埭镇潘 ...

Core Points - The company has disclosed that its cumulative new borrowings for the year 2025 have exceeded 20% of its net assets as of the end of the previous year [1] - As of December 31, 2024, the company's audited net assets were 334,985.23 million, and the borrowing balance was 129,333.24 million [1] - As of May 31, 2025, the borrowing balance increased to 212,695.21 million, representing an increase of 83,361.97 million, which is 24.89% of the net assets as of the end of 2024 [1] Financial Data Overview - The company reported a net asset value of 334,985.23 million as of December 31, 2024, and a borrowing balance of 129,333.24 million [1] - The borrowing balance as of May 31, 2025, was 212,695.21 million, indicating a significant increase in borrowings [1] Types of New Borrowings - The company has added a total of 83,361.97 million in new bank borrowings as of May 31, 2025 [2] - There are no other types of borrowings reported [3] Impact on Debt Servicing Ability - The new borrowings are intended to meet the company's daily operational needs and fall within the scope of normal business activities [4] - The company's financial condition is stable, and all debts are being repaid on time, indicating that the new borrowings will not adversely affect its operational status or debt servicing ability [4] Additional Notes - The financial data provided is based on consolidated figures, with only the end-of-2024 data being audited [5]

截至 2024 年 12 月 31 日，公司经审计净资产为 334,985.23 万元，借款余额 为 129,333.24 万元。 截至 2025 年 5 月 31 日，公司借款余额为 212,695.21 万元，较 2024 年末增 加 83,361.97 万元，2025 年 1-5 月累计新增借款占公司 2024 年末净资产比例为 24.89%。 | 证券代码：688106 | 证券简称：金宏气体 | 公告编号：2025-033 | | --- | --- | --- | | 转债代码：118038 | 转债简称：金宏转债 | | 金宏气体股份有限公司 关于当年累计新增借款超过上年末净资产 20%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。 金宏气体股份有限公司（以下简称"公司"）根据《上海证券交易所上市公 司自律监管指引第 12 号——可转换公司债券》等相关规定，就公司 2025 年累计 新增借款情况予以披露。具体情况如下： 一、主要财务数据概况 二、新增借款的类型 1、银行借款：截至 2025 年 5 月 ...

Overview of the Convertible Bond Issuance - Jinhong Gas Co., Ltd. has issued 10,160,000 convertible bonds with a face value of RMB 100 each, raising a total of RMB 101,600 million, approved by the China Securities Regulatory Commission on July 17, 2023 [1][2][9] - The bonds have a maturity of six years, from July 17, 2023, to July 16, 2029, and will start converting into shares on January 21, 2024 [1][2][3] Financial Performance - For the fiscal year 2024, Jinhong Gas reported a revenue of RMB 252,527.77 million, a 4.03% increase from RMB 242,735.33 million in 2023 [21] - The net profit attributable to shareholders decreased by 36.12% to RMB 20,122.51 million compared to the previous year [21] - The total assets of the company increased by 8.46% to RMB 676,722.74 million as of the end of 2024 [21] Use of Proceeds - The proceeds from the bond issuance will be used for projects including the construction of electronic-grade nitrogen, liquid nitrogen, and liquid oxygen facilities, with a total project investment of RMB 124,093.66 million [10][22] - The net proceeds after deducting issuance costs amount to RMB 1,004,159,622.64 [22] Bondholder Rights and Obligations - Bondholders have rights to interest payments, conversion to shares, and the ability to sell back the bonds under certain conditions [11][12] - The company is obligated to adhere to the terms of the bond issuance and ensure timely payment of interest and principal [19][20] Credit Rating - The bonds have been rated AA- by China Chengxin International Credit Rating Co., Ltd., with a stable outlook [11]

证券简称：金宏气体 股票代码：688106 债券简称：金宏转债 债券代码：118038 苏州工业园区星阳街 5 号 金宏气体股份有限公司 （Jinhong Gas Co.,Ltd.） 苏州市相城区黄埭镇潘阳工业园安民路 向不特定对象发行可转换公司债券 受托管理事务报告 (2024 年度) 债券受托管理人 二〇二五年六月 重要声明 本报告依据《可转换公司债券管理办法》（以下简称"管理办法"）、《金宏 气体股份有限公司（作为发行人）与东吴证券股份有限公司（作为受托管理人） 关于金宏气体股份有限公司向不特定对象发行可转换公司债券之债券受托管理 协议》（以下简称"受托管理协议"）、《金宏气体股份有限公司向不特定对象发 行可转换公司债券募集说明书》（以下简称"募集说明书"）、《金宏气体股份有 限公司 2024 年年度报告》等相关公开信息披露文件、第三方中介机构出具的专 业意见等，由本期可转换公司债券受托管理人东吴证券股份有限公司（以下简 称"东吴证券"）编制。东吴证券对本报告中所包含的从上述文件中引述内容和 信息未进行独立验证，也不就该等引述内容和信息的真实性、准确性和完整性 做出任何保证或承担任何责任。 本报告不构成 ...

Core Viewpoint - Jin Hong Gas (688106) is facing challenges in the market, with some product prices at the bottom of the cycle, but plans to improve operations in electronic specialty gases and bulk gases in the future [1] Financial Performance - In 2024, Jin Hong Gas achieved operating revenue of 2.525 billion yuan, a year-on-year increase of 4.03%, while net profit attributable to shareholders was 201 million yuan, a decrease of 36.12% [1] - In the first quarter of this year, the company's net profit attributable to shareholders was 44.0032 million yuan, a year-on-year decline of approximately 40% [1] Market Challenges - The decline in first-quarter performance is attributed to intensified market competition, leading to a decrease in product prices and overall gross margin [1] - The company is increasing capital expenditures and R&D investments, while asset disposal gains have decreased compared to the same period last year [1] Strategic Focus - In the integrated circuit sector, the company is actively collaborating with downstream customers for new product development and accelerating the introduction and sales of new products [2] - In the photovoltaic and new energy sectors, the company is adjusting sales strategies to focus on high-potential customers, improving product quality and response speed [2] - The company plans to stabilize existing projects in bulk gases and accelerate the progress of ongoing projects to ensure timely production and supply [2] Product Performance - Revenue from on-site gas production and rental income increased by nearly 40% year-on-year, with a gross margin increase of 2.32 percentage points; however, specialty gas revenue decreased by nearly 12%, with a gross margin reduction of 12.67 percentage points [2] Business Development - The company aims to enhance the proportion of on-site gas production in overall revenue to ensure stable cash flow [3] - In specialty gases, the company will increase the market penetration of advantageous products in the semiconductor sector and accelerate the industrialization of new products [3] - The company expects stable growth in the semiconductor industry to drive demand for electronic specialty gases [3] International Expansion - Jin Hong Gas is increasing its overseas market presence, having exported products to over 50 countries [4] - The company signed a contract for an on-site gas project in Thailand in December 2024, marking a shift from "product export" to "business model expansion" [4] - In February 2025, the company acquired Singapore's CHEM-GAS to further accelerate its expansion in Southeast Asia [4]

Core Viewpoint - The gas industry is capital-intensive and requires continuous investment for development, with 2025 expected to be a challenging year for the sector [1] Group 1: Company Overview - Jin Hong Gas Co., Ltd. was established in 1999 and specializes in gas research, production, sales, and integrated service solutions [1] - The company provides over a hundred types of gas products, including specialty gases, bulk gases, and fuels, serving industries such as electronics, healthcare, energy conservation, new energy, and high-end equipment manufacturing [1] Group 2: Financial Performance - In Q1 2025, the company achieved revenue of 623 million yuan, a year-on-year increase of 5.62%, while net profit attributable to shareholders was 44.0032 million yuan, a year-on-year decrease of 42.47% [1] - The decline in net profit is attributed to increased market competition leading to lower product prices and gross margins, alongside higher capital expenditures and R&D investments [2] Group 3: Market Strategy and Future Outlook - The company is focusing on the electronic specialty gas market, which is crucial for semiconductor manufacturing, and plans to accelerate its market positioning to capture more business opportunities [2] - Jin Hong Gas is expanding its overseas business, having signed a gas production project in Thailand and acquired Singapore's CHEM-GAS to enhance its Southeast Asian market presence [3] - The company aims to stabilize revenue through new projects in bulk gas and on-site gas production, while also enhancing product lines in specialty gases through strategic collaborations [3] - In Q1 2025, R&D investment reached 27.734 million yuan, a year-on-year increase of 16.97%, accounting for 4.46% of revenue [3]

Fundraising Overview - The company has been approved by the China Securities Regulatory Commission to issue 10,160,000 convertible bonds, with a total fundraising amount of RMB 1,016,000,000, after deducting issuance costs of RMB 11,840,377.36, the net amount raised is RMB 1,004,159,622.64 [2][3] - The funds have been fully received and verified by a certified public accountant [2] Fund Management and Usage - The company has established a special account for managing the raised funds, in compliance with relevant regulations and guidelines to protect investor interests [5][8] - A tripartite supervision agreement has been signed among the company, the underwriter, and the bank to ensure proper management of the funds [5][8] Project Implementation - The company has approved the use of part of the raised funds, up to RMB 75 million, as interest-free loans to its wholly-owned subsidiary, Suzhou Jinhong Logistics, for the implementation of a new high-end electronic materials project [4][5] Special Account Details - A special account has been opened at the bank specifically for the project, with the account balance being zero as of May 26, 2025 [8][9] - The funds in this account are strictly designated for the new project and cannot be used for other purposes [8][9] Agreement Provisions - The agreement stipulates that the underwriter will supervise the use of the funds and conduct semi-annual checks on the fund management [9][10] - Any significant withdrawals from the special account must be reported to the underwriter [10][11] - The agreement is effective upon signing and will remain in force until all funds are utilized and the supervision period ends [11][12]

| 证券代码：688106 | 证券简称：金宏气体 | 公告编号：2025-032 | | --- | --- | --- | | 转债代码：118038 | 转债简称：金宏转债 | | 金宏气体股份有限公司 关于子公司开立募集资金专户并签订募集资金四方 监管协议的公告 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。 一、募集资金基本情况 根据中国证券监督管理委员会（以下简称"中国证监会"）出具的《关于同 意金宏气体股份有限公司向不特定对象发行可转换公司债券注册的批复》（证监 许可〔2023〕1319 号），金宏气体股份有限公司（以下简称"公司"）获准向 不特定对象发行可转换公司债券 10,160,000 张，每张债券面值为人民币 100 元， 募集资金总额为人民币 1,016,000,000.00 元，扣除发行费用人民币 11,840,377.36 元后，公司本次募集资金净额为人民币 1,004,159,622.64 元。上述募集资金已全 部到位，并经容诚会计师事务所（特殊普通合伙）审验，出具了"容诚验字 [2023]2 ...