Group 1 - Baichuan Energy plans to reduce its shareholding by up to 26.82 million shares, accounting for 2% of the total share capital, due to personal investment and funding needs [1] - Jinhong Gas intends to distribute a cash dividend of 1.00 yuan per 10 shares, with the record date on May 15, 2025 [2] - Jiahe Meikang's shareholder plans to reduce its stake by up to 1% of the total share capital due to liquidity needs [2][3] Group 2 - Jiadu Technology will cancel 10.20 million repurchased shares, reducing its total share capital from 2.143 billion shares to 2.133 billion shares [4] - ILE Home's shareholder plans to reduce its stake by up to 154,250 shares, accounting for 0.4778% of the total share capital, due to funding needs [5] - Lai Yifen has fully removed related batches of its honey date dumpling products from shelves due to consumer health concerns [6][7] Group 3 - CATL's vice chairman Li Ping and spouse plan to donate 4.05 million shares to Fudan University for establishing a research fund, reducing Li Ping's shareholding from 4.58% to 4.48% [8] - Shuanghuan Transmission's shareholders completed their reduction plan, selling a total of 6.69 million shares, accounting for 0.789% of the total share capital [9] - Chengfei Integration reported no significant changes in its business operations or external environment despite stock price fluctuations [10] Group 4 - Guizhou Tire's controlling shareholder plans to increase its stake by no less than 50 million yuan and no more than 100 million yuan within six months [11] - *ST Youshu's application to revoke the delisting risk warning has been approved, and its stock will resume trading under a new name [13] - Jingwei Huikai's shareholders plan to reduce their stake by up to 3% of the total share capital due to funding needs [14] Group 5 - Hualan Biological's major shareholder plans to reduce its stake by up to 3% of the total share capital due to funding needs [15] - Huyou Pharmaceutical's shareholder plans to reduce its stake by up to 2.997% of the total share capital due to funding needs [16] - Dongpeng Holdings' shareholders plan to reduce their stake by up to 1.5% of the total share capital due to funding needs [17] Group 6 - Keleke's controlling shareholder plans to reduce its stake by up to 3% of the total share capital due to funding needs [18] - Dongfang Ocean's major shareholder plans to reduce its stake by 1% of the total share capital due to investor redemption requests [19] - Yisheng Shares reported a sales revenue of 141 million yuan from white feather chicken seedlings in April, with a year-on-year decrease of 7.28% [20] Group 7 - Qujiang Cultural Tourism's controlling shareholder's 12 million shares are set to be auctioned due to contractual disputes, representing 4.70% of the total share capital [21] - Duople's shareholder plans to reduce its stake by up to 123,800 shares, accounting for 2% of the total share capital, due to personal funding needs [22][23]

Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds due to the implementation of the 2024 annual equity distribution, with the new conversion price set at 18.97 CNY per share, effective from May 16, 2025 [1][5]. Summary by Sections 1. Securities Suspension and Resumption - The company's convertible bonds will be suspended from conversion from May 9, 2025, until the equity distribution registration date on May 15, 2025, and will resume conversion on May 16, 2025 [1]. 2. Adjustment of Conversion Price - The conversion price before adjustment was 19.07 CNY per share, which will be adjusted to 18.97 CNY per share [1][5]. - The adjustment is based on regulations from the China Securities Regulatory Commission and the company's prospectus [2][4]. 3. Annual Profit Distribution Plan - The company plans to distribute a cash dividend of 1.00 CNY (including tax) for every 10 shares held, based on a total share capital of 481,977,235 shares as of December 31, 2024, resulting in a total cash dividend of approximately 47.73 million CNY [3][5]. - The actual participating share capital for the distribution is 477,147,395 shares after accounting for shares in the repurchase account [5]. 4. Conversion Price Adjustment Formula - The adjustment formula for the conversion price is provided, detailing how various factors such as stock dividends, capital increases, and cash dividends affect the conversion price [4]. - The specific adjustment for the cash dividend was calculated as follows: P1 = P0 - D = 19.07 - 0.0990 = 18.97 CNY per share [5]. 5. Additional Information - Investors seeking more details about the convertible bonds can refer to the company's prospectus published on July 13, 2023 [6].

Core Viewpoint - The company, Jin Hong Gas Co., Ltd., has approved a differentiated profit distribution plan, which includes a cash dividend of 1.00 yuan per 10 shares for the fiscal year 2024, with no stock dividends or bonus shares [2][4]. Group 1: Profit Distribution Plan - The net profit attributable to the parent company for 2024 is projected, and the cash dividend will be distributed based on the total shares held by shareholders as of the record date [2][3]. - The company plans to maintain the per-share distribution ratio even if there are changes in total share capital due to convertible bonds, share buybacks, or other corporate actions [2][3]. Group 2: Share Buyback Details - The company initiated a share buyback program starting from August 27, 2021, and has continued to approve additional buyback plans in subsequent years, with the latest buyback completed on February 12, 2025, totaling 2,465,747 shares [3][4]. - As of the upcoming profit distribution, the company will hold 4,829,996 shares in the buyback account, which will not participate in the profit distribution [3][4]. Group 3: Special Ex-Dividend Treatment - The company has applied for special ex-dividend treatment based on the regulations that state repurchased shares do not have rights to dividends or voting [4][5]. - The impact of the differentiated profit distribution on the ex-dividend reference price is calculated to be minimal, with an absolute value impact of approximately 0.0059% [5]. Group 4: Compliance and Verification - The sponsor, Dongwu Securities, has verified that the differentiated profit distribution complies with relevant laws and regulations, ensuring no harm to the interests of the company or its shareholders [5].

证券代码：688106 证券简称：金宏气体 公告编号：2025-023 转债代码：118038 转债简称：金宏转债 金宏气体股份有限公司 本公司董事会及全体董事保证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： ? 是否涉及差异化分红送转：是 ? 每股分配比例 每股现金红利0.10元（含税） ? 相关日期 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股 东（金宏气体股份有限公司回购专用证券账户除外）。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交易所 上市公司自律监管指引第 7 号——回购股份》等相关法律、行政法规、部门规章 及其他规范性文件以及《公司章程》的有关规定，公司回购的股份不享有股东大 会表决权、利润分配、公积金转增股本、认购新股和配股等权利。 （1）差异化分红送转方案 根据公司 2024 年年度股东大会审议通过的《2024 年年度利润分配方案》，公 司拟以实施权益分派股权登记日登记的总股本扣减公司 ...

Core Viewpoint - The company has adjusted its 2024 annual profit distribution plan, maintaining a cash dividend of 1.00 yuan per 10 shares while modifying the total share capital and corresponding distribution amount due to changes in share count from convertible bond conversions and share buybacks [1][4][5] Summary by Sections Profit Distribution Adjustment - The profit distribution for 2024 will be based on the total share capital after deducting shares held in the company's repurchase account, with a cash dividend of 1.00 yuan per 10 shares remaining unchanged [1][2] - The total share capital has been adjusted from 481,977,235 shares to 481,977,391 shares, resulting in a revised total cash dividend amount of 47,714,739.50 yuan (including tax) [1][4] Reasons for Adjustment - The adjustment is due to changes in the number of shares eligible for distribution caused by the conversion of convertible bonds and the implementation of a share buyback plan [1][3] Share Buyback and Convertible Bonds - The company completed a share buyback of 2,465,747 shares on February 12, 2025, with a total of 4,829,996 shares in the repurchase account as of the announcement date [3][4] - The convertible bonds entered the conversion period on January 21, 2024, with a total of 156 shares converted by May 8, 2025 [3]

| 证券代码：688106 | 证券简称：金宏气体 | 公告编号：2025-024 | | --- | --- | --- | | 转债代码：118038 | 转债简称：金宏转债 | | 金宏气体股份有限公司 关于因实施 2024 年年度权益分派调整"金宏转债"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： 证券停复牌情况：适用 一、转股价格的调整依据 根据中国证券监督管理委员会关于可转换公司债券发行的有关规定及《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》"）的约定，在"金宏转债"发行之后，若金宏气体股份有限公司（以 下简称"公司"）发生派送股票股利、转增股本、增发新股（不包括因本次发行的 可转换公司债券转股而增加的股本）、配股以及派送现金股利等情况，公司将按上 述条件出现的先后顺序，依次对转股价格进行调整。 调整前转股价格：19.07 元/股 调整后转股价格：18.97 元/股 转股价格调整实施日期：2025 年 5 月 16 日 公司于 2 ...

东吴证券股份有限公司 （一）回购情况 1 公司于 2021 年 7 月 30 日召开了第四届董事会第二十九次会议，审议通过了 《关于以集中竞价交易方式回购公司股份方案的议案》。2021 年 8 月 27 日，公 司首次实施回购股份。2021 年 9 月 3 日，公司完成回购，实际回购公司股份 5,680,000 股。 公司于 2023 年 11 月 8 日召开了第五届董事会第二十二次会议，审议通过了 《关于以集中竞价交易方式回购公司股份方案的议案》。2023 年 11 月 24 日，公 司首次实施回购股份。2024 年 7 月 23 日，公司完成回购，实际回购公司股份 2,364,249 股。 公司于 2024 年 7 月 19 日召开第五届董事会第三十一次会议、第五届监事会 第二十四次会议，并于 2024 年 8 月 5 日召开 2024 年第一次临时股东大会，审议 通过了《关于变更回购股份用途并注销暨减少注册资本的议案》，同意公司将存 放于回购专用账户中已回购的 5,680,000 股股份的用途予以调整，由"用于员工 持股计划或股权激励"调整为"用于注销并相应减少注册资本"。公司已于 2024 年 9 月 ...

本公司董事会及全体董事保证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。 | 证券代码：688106 | 证券简称：金宏气体 | 公告编号：2025-023 | | --- | --- | --- | | 转债代码：118038 | 转债简称：金宏转债 | | 金宏气体股份有限公司 2024年年度权益分派实施公告 重要内容提示： | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/5/15 | 2025/5/16 | 2025/5/16 | 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经金宏气体股份有限公司（以下简称"公司"）2025 年 4 月 17 日的2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股 是否涉及差异化分红送转：是 每股分配比例 每股现金红利0.10元（含税） 相关日期 东（ ...

| 证券代码：688106 | 证券简称：金宏气体 | 公告编号：2025-022 | | --- | --- | --- | | 转债代码：118038 | 转债简称：金宏转债 | | 金宏气体股份有限公司 公司发行的可转换公司债券"金宏转债"于 2024 年 1 月 21 日（非交易日顺 延至下一交易日，即 2024 年 1 月 22 日）进入转股期。自 2025 年 1 月 1 日至 2025 年 5 月 8 日收盘后，"金宏转债"共有人民币 3,000 元已转换为公司股票，转股 数量为 156 股。因"金宏转债"自 2025 年 5 月 9 日至权益分派股权登记日期间 停止转股，公司权益分派股权登记日的可转债转股数量与 2025 年 5 月 8 日收盘 后的转股数量一致。 公司于 2024 年 9 月 26 日召开了第五届董事会第三十四次会议，审议通过了 《关于以集中竞价交易方式回购公司股份方案的议案》。2025 年 2 月 12 日，公 司完成回购，实际回购公司股份 2,465,747 股。自 2025 年 1 月 1 日至回购结束， 新增回购股份 176,412 股，回购专用证券账户中股份总数为 ...

Investment Rating - The report maintains an "Outperform" rating for the company [9][10]. Core Views - Increased competition has led to a decline in product prices and gross profit margins, resulting in a year-on-year decrease in net profit. The company is increasing R&D investments to strengthen its market competitiveness [10][11]. - The company achieved a revenue of 620 million RMB in Q1 2025, representing a year-on-year growth of 5.62%, while the net profit attributable to shareholders was 40 million RMB, down 42.47% year-on-year [10][11]. - The focus on electronic semiconductor specialty gases is progressing, with significant import substitution achieved for several products, and the company has added 21 semiconductor clients in 2024 [11]. Financial Summary - Revenue projections for 2023A to 2027E are as follows: 2,427 million RMB (2023A), 2,525 million RMB (2024A), 3,216 million RMB (2025E), 3,753 million RMB (2026E), and 4,419 million RMB (2027E), with a growth rate peaking at 27.4% in 2025E [3][5]. - Net profit attributable to shareholders is projected to decline from 315 million RMB in 2023A to 266 million RMB in 2025E, before recovering to 445 million RMB by 2027E [3][5]. - The report adjusts the earnings per share (EPS) estimates for 2025-2027 to 0.55 RMB (2025E), 0.73 RMB (2026E), and 0.92 RMB (2027E) [9][10]. Market Position and Strategy - The company is actively expanding its presence in the electronic semiconductor field, focusing on specialty gases and achieving domestic substitution for key products [11]. - The company has secured multiple projects in bulk carrier gases and on-site gas operations, indicating a steady operational performance [11].