| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2025-048 | | --- | --- | --- | | 转债代码：118020 | 债券简称：芳源转债 | | 广东芳源新材料集团股份有限公司 关于回购股份集中竞价减持股份进展公告 本公司董事会、全体董事及相关股东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： 回购股份的基本情况 广东芳源新材料集团股份有限公司（以下简称"芳源股份"）于 2024 年 2 月 23 日至 2024 年 5 月 22 日期间累计回购用于维护公司价值及股东权益所必需 的股份数量为 3,320,000 股，占公司目前总股本的 0.65%。公司将就前述股份在 披露回购结果暨股份变动公告（即 2024 年 5 月 23 日）后十二个月后采用集中竞 价交易方式出售，并在披露回购结果暨股份变动公告后三年内完成出售；若公司 未能在上述期限内完成回购股份出售，将依法履行减少注册资本程序，对未出售 的股份予以注销。 减持计划的进展情况 2025 年 8 月 5 日，公司在上海证券交易所网站 ...

Group 1 - The company Fangyuan Co., Ltd. (688148.SH) announced the sale of 610,000 shares that it had repurchased, which represents 0.12% of the total share capital [1] - After this reduction, the company's dedicated repurchase account holds 23,167,702 shares, accounting for 4.54% of the total share capital [1]

中证鹏元资信评估股份有限公司 中证鹏元公告【2025】424 号 中证鹏元关于关注广东芳源新材料集团股份有限公司 2025 年半年度业绩亏损的公告 中证鹏元资信评估股份有限公司（以下简称"中证鹏元"）对广 东芳源新材料集团股份有限公司（以下简称"芳源股份"或"公司"， 股票代码：688148.SH）及其发行的下述债券开展评级。除评级委托 关系外，中证鹏元及评级从业人员与公司不存在任何足以影响评级行 为独立、客观、公正的关联关系。 债券简称 上一次评级时间 上一次评级结果 附表 本次评级模型打分表及结果 | 评分要素 | 指标 | 评分等级 | 评分要素 | 指标 | 评分等级 | | --- | --- | --- | --- | --- | --- | | | 宏观环境 | 4/5 | 初步财务状况 | | 1/9 | | | 行业&经营风险状况 | 4/7 | 杠杆状况 | | 1/9 | | 业务状况 | | 财务状况 | | | | --- | --- | --- | --- | --- | | 行业风险状况 | | 4/5 盈利状况 | 非常弱 | | | 4/7 | 经营状况 | 流动性状况 | ...

Core Viewpoint - Fangyuan Co., Ltd. announced that from August 22, 2025, to September 4, 2025, its stock price has closed below 85% of the current conversion price (15.84 CNY/share) for 10 out of 30 consecutive trading days, which is expected to trigger the condition for downward adjustment of the conversion price [1] Summary by Relevant Sections - Stock Performance - The company's stock has experienced a decline, with 10 out of 30 trading days closing below the threshold price [1] - Conversion Price Adjustment - If the condition is triggered, the company will hold a board meeting on the same day to decide whether to adjust the conversion price and will fulfill its information disclosure obligations promptly [1]

中证鹏元资信评估股份有限公司 中证鹏元公告【2025】424 号 中证鹏元关于关注广东芳源新材料集团股份有限公司 2025 年半年度业绩亏损的公告 特此公告。 | 债券简称 | 上一次评级时间 | | | | 上一次评级结果 | | | --- | --- | --- | --- | --- | --- | --- | | | | | | 主体等级 | 债项等级 | 评级展望 | | 芳源转债 | 2025 年 7 月 | 26 | 日 | BBB | BBB | 稳定 | 公司于 2025 年 8 月 28 日披露《广东芳源新材料集团股份有限公 司 2025 年半年度报告》，2025 年 1-6 月公司实现营业收入 9.00 亿 元，同比下降 13.48%，同期归属于上市公司股东的净利润亏损 1.49 亿元（2024 年 1-6 月亏损 0.66 亿元）。 根据公开信息及公司提供的相关资料，2025 年 1-6 月业绩亏损 幅度同比加大的主要原因为：（1）正极材料前驱体为公司的核心产 品业务，主要产品中 NCA 三元前驱体出货量及销售收入持续下降，虽 然公司加大国内市场开拓，增加 NC 高镍二元前驱体出货量 ...

Core Viewpoint - The company announces that its convertible bond, "Fangyuan Convertible Bond," is expected to trigger conditions for a downward adjustment of the conversion price due to the stock price being below 85% of the current conversion price for 10 out of 30 trading days [1][4]. Group 1: Convertible Bond Issuance and Trading - The company issued 6,420,000 convertible bonds at a face value of 100 yuan each, raising a total of 642 million yuan [1][2]. - The bonds began trading on November 7, 2022, under the name "Fangyuan Convertible Bond" with the code "118020" [2]. Group 2: Conversion Price Adjustment Conditions - The initial conversion price was set at 18.63 yuan per share, which may be adjusted if the stock price falls below 15.84 yuan for a specified period [1][2]. - The company has the authority to propose a downward adjustment of the conversion price if the stock price conditions are met, requiring a two-thirds majority approval from shareholders [3]. Group 3: Adjustment Procedures - If the conversion price is adjusted, the company will announce the new price, the record date for shareholders, and any suspension of conversion applications [4]. - The adjusted conversion price must not be lower than the average trading price of the stock over the 20 trading days prior to the shareholders' meeting [3].

| 证券代码：688148 | 证券简称：芳源股份 公告编号：2025-047 | | --- | --- | | 转债代码：118020 | 债券简称：芳源转债 | 广东芳源新材料集团股份有限公司 关于"芳源转债"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、准确性和完整性依法承担法律责任。 特别提示： 2025 年 8 月 22 日至 2025 年 9 月 4 日，公司股票在连续 30 个交易日中 已有 10 个交易日的收盘价低于当期转股价格的 85%（即 15.84 元/股），预计触 发转股价格向下修正条件。若触发条件，公司将于触发条件当日召开董事会审议 决定是否修正转股价格，并及时履行信息披露义务。敬请广大投资者注意投资风 险。 一、可转换公司债券发行上市情况 经中国证券监督管理委员会出具的《关于同意广东芳源新材料集团股份有限 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〔2022〕1685 号） 同意注册，公司于 2022 年 9 月 23 日向不特定对象发行 6,420,000 张可转换 ...

Group 1 - Zhonglun New Materials plans to reduce its shareholding by up to 4 million shares, accounting for 1% of the total share capital [1] - Haojiang Intelligent plans to reduce its shareholding by up to 1.5 million shares, accounting for 0.8364% of the total share capital [1] - Dekeli plans to reduce its shareholding by up to 474,180 shares, accounting for 3% of the total share capital [1][2] Group 2 - Fosun Pharma's subsidiary has received FDA approval for its HLX14 injection, intended for treating osteoporosis in postmenopausal women [3][4] - Shengtai Group plans to reduce its shareholding by up to 16.67 million shares, accounting for 3% of the total share capital [5] - Fangyuan Co. plans to reduce its shareholding by up to 15.3 million shares, accounting for 3% of the total share capital [6] Group 3 - Shenkai Co. completed a tender offer, resulting in 14.5655 million shares being accepted, giving the acquirer a 9.71% stake [8] - Guangdong Construction's 90MW solar-storage project in Tibet has achieved full capacity grid connection [9] - Kesi Technology plans to reduce its shareholding by up to 471,220 shares, accounting for 3% of the total share capital [9] Group 4 - Zhongtai Automobile's subsidiary faces forced execution, impacting its operational capacity [10] - Weima Agricultural Machinery plans to reduce its shareholding by up to 960,000 shares, accounting for 0.98% of the total share capital [10] - Tianqi Co. signed a strategic cooperation agreement with EVE Energy to enhance the lithium battery supply chain [11] Group 5 - Sudavige plans to acquire up to 51% of Changzhou Weipu Semiconductor Equipment Co. for a total valuation of up to 1 billion yuan [12] - Dengyun Co. plans to transfer 75% of its subsidiary's equity for 137 million yuan [13] - Sierte has received a notice of investigation from the China Securities Regulatory Commission for suspected information disclosure violations [14] Group 6 - Enjie Co. received a VAT refund of 188 million yuan for its subsidiary [15] - Jiama Clothing plans to reduce its shareholding by up to 366,000 shares, accounting for 0.28238% of the total share capital [16] - Xinong Co. plans to reduce its shareholding by up to 1.05 million shares, accounting for 0.6737% of the total share capital [17] Group 7 - Jiewate plans to jointly acquire 66.25% of Xinguang Haian for a total price of 418 million yuan [18] - Hubei Energy reported an increase in power generation by 22.05% year-on-year in August, with a total of 5.020 billion kWh generated [19][20] - Nasda signed a strategic cooperation agreement with Teld for collaboration in market and product innovation [21] Group 8 - Jinli Technology plans to reduce its shareholding by up to 978,200 shares, accounting for 0.56% of the total share capital [22][23]

Key Highlights - De Xin Technology does not directly produce solid-state batteries [1] - Gujia Home intends to invest 1.124 billion yuan in the construction of a self-built base in Indonesia [1] - Samsung Medical signed a contract worth approximately 419 million yuan for a smart meter project in Egypt [1] - Keli Sensor plans to acquire 45% of Huahong Technology for 122 million yuan [1] - Huamao Technology has repurchased a total of 6.42% of its shares [1] - BYD's total sales of new energy vehicles reached 373,600 units in August [1] - Great Wall Motors reported total sales of 115,558 units in August, a year-on-year increase of 22.33% [1] - Sheng Tai Group's shareholder Itochu Asia plans to reduce its stake by no more than 3% [1] - Dekoli's Qian Mingying and his concerted action partner Shen Liang plan to reduce their holdings by a total of no more than 2.9957% [1] - Longqi Technology's Suzhou Shunwei plans to reduce its holdings by no more than 4.09% [1] - Tianqi Co., Ltd. signed a strategic cooperation framework agreement with Yiwei Lithium Energy [1] - Yibin Technology received a project designation notice from a domestic new energy vehicle company [1]

Key Points - The stock price of Tianpu Co. has significantly deviated from its fundamentals after seven consecutive trading days of gains [1] - Dexin Technology clarified that it does not directly produce solid-state batteries after two consecutive trading days of gains [1] - Guizhou Moutai's controlling shareholder increased their stake by 67,821 shares, spending 100 million yuan [3] - Chint Electric has terminated the plan to spin off its subsidiary Chint Aneng for listing on the Shanghai Stock Exchange [4] - Chengdu Huamei launched a 40G high-precision RF direct sampling ADC chip [5] - ST Gaohong faces the risk of being delisted due to its stock price falling below par value [6] - Zhongtai Automobile's subsidiary assets are under compulsory execution, and the company is unable to resume operations this year [7] - The EU has initiated an anti-dumping investigation into Chinese pea protein [8] - Sierte is under investigation for suspected information disclosure violations by the China Securities Regulatory Commission [9] - Shenkai Co. disclosed the results of the tender offer from Shenzhen Huili and will resume trading on September 2 [10] Mergers and Acquisitions - Sudavige plans to acquire up to 51% of Changzhou Weipu Semiconductor Equipment Co., Ltd. [11] - Keli Sensor intends to purchase minority stakes in its subsidiary Huahong Technology for 121.5 million yuan [12] Operating Data - BYD's new energy vehicle sales in August reached 373,600 units, slightly up from 373,100 units in the same month last year [13] - SAIC Motor's vehicle sales in August were 363,400 units, a year-on-year increase of 41.04% [14] - Great Wall Motors sold 115,600 vehicles in August, marking a year-on-year growth of 22.33% [15] - BAIC Blue Valley's subsidiary sold 13,530 vehicles in August, up 3.47% year-on-year [16] - Hanma Technology's truck sales in August reached 1,051 units, a significant increase of 58.05% year-on-year [17] Shareholding Changes - Kesi Technology's key technical personnel Liang Hongjian plans to reduce their stake by up to 3% [18] - Longqi Technology's Suzhou Shunwei intends to reduce its stake by up to 4.09% [19] - Shengtai Group's Itochu Asia plans to reduce its stake by up to 3% [20] - Fangyuan Co.'s WISCO Yuanding intends to reduce its stake by up to 3% [21] - Dekeli's shareholder Qian Mingying and their concerted parties plan to reduce their stake by up to 3% [22] Contract Awards - Samsung Medical's wholly-owned subsidiary signed an overseas operating contract worth 5.88 million USD [24] - Yibin Technology received a project designation from a domestic new energy vehicle company, with an expected total sales of approximately 243 million yuan [24] - Teruid has pre-qualified for two projects with a total value of about 698 million yuan [24] - Xianghe Industrial recently signed a daily operating contract worth 400 million yuan [24] - Far East Holdings' subsidiary signed contracts worth over 1.689 billion yuan in August [24] Other Developments - Gujia Home intends to invest 1.124 billion yuan to build a self-owned base project in Indonesia [24] - Dongtu Technology is investing to establish a controlling subsidiary in the semiconductor sector [24] - Kangli Elevator has terminated the sale of its wholly-owned subsidiary Guangdong Kangli [24]