Core Points - The company will redeem all outstanding "Guangda Convertible Bonds" on August 25, 2025, following the completion of the early redemption process [1][2][7] - The redemption price is set at 100.8658 CNY per bond, which includes accrued interest [6][9] - The last trading day for the bonds is August 19, 2025, and the last conversion day is August 22, 2025 [1][8] Redemption Details - The redemption registration date is August 22, 2025, and the redemption payment date is August 25, 2025 [1][7] - Investors can either trade the bonds in the secondary market or convert them at the conversion price of 20.80 CNY per share before the deadlines [2][8] - The company has triggered the conditional redemption clause due to the stock price exceeding 130% of the conversion price for a specified period [2][5] Financial Implications - The accrued interest calculation for the redemption price is based on a 1.00% annual coupon rate and a total of 316 days from the last interest payment date [6][9] - The actual amount received by individual investors after tax will be 100.6926 CNY per bond, considering a 20% tax on interest income [8][9] - The bonds will be delisted from the Shanghai Stock Exchange on August 25, 2025, after the redemption [2][7]

Group 1 - The special steel concept index rose by 1.50%, ranking 7th among concept sectors, with 34 stocks increasing in value, including Bayi Steel which hit the daily limit [1] - Notable gainers in the special steel sector included Shagang Co. (up 6.53%), Xining Special Steel (up 5.44%), and Sansteel Minguang (up 4.24%) [1] - The sector experienced a net inflow of 290 million yuan from main funds, with 20 stocks receiving net inflows, and 12 stocks seeing inflows exceeding 10 million yuan [2] Group 2 - The top stocks by net inflow included Shagang Co. with 151 million yuan, followed by Bayi Steel (114 million yuan), and Tunan Co. (40.69 million yuan) [2] - The net inflow ratios for Bayi Steel, Tunan Co., and Sansteel Minguang were 26.16%, 15.13%, and 11.29% respectively, indicating strong investor interest [3] - The trading volume and turnover rates for key stocks in the special steel sector showed significant activity, with Shagang Co. having a turnover rate of 11.82% and Bayi Steel at 7.02% [3][4]

| 证券代码：688186 | 证券简称：广大特材 | 公告编号：2025-094 | | --- | --- | --- | | 转债代码：118023 | 转债简称：广大转债 | | 张家港广大特材股份有限公司 关于实施"广大转债"赎回暨摘牌的第十二次提示 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： 截至 2025 年 8 月 8 日收市后，距离 2025 年 8 月 19 日（"广大转债"最后交 易日）仅剩 7 个交易日，2025 年 8 月 19 日为"广大转债"最后一个交易日。 最后转股日：2025 年 8 月 22 日 截至 2025 年 8 月 8 日收市后，距离 2025 年 8 月 22 日（"广大转债"最后转 股日）仅剩 10 个交易日，2025 年 8 月 22 日为"广大转债"最后一个转股日。 本次提前赎回完成后，"广大转债"将自 2025 年 8 月 25 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 20.80 元/股的转股价格进行 ...

| 证券代码：688186 | 证券简称：广大特材 | 公告编号：2025-093 | | --- | --- | --- | | 转债代码：118023 | 转债简称：广大转债 | | 张家港广大特材股份有限公司 关于实施"广大转债"赎回暨摘牌的第十二次提示 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： 截至 2025 年 8 月 7 日收市后，距离 2025 年 8 月 19 日（"广大转债"最后交 易日）仅剩 8 个交易日，2025 年 8 月 19 日为"广大转债"最后一个交易日。 最后转股日：2025 年 8 月 22 日 截至 2025 年 8 月 7 日收市后，距离 2025 年 8 月 22 日（"广大转债"最后转 股日）仅剩 11 个交易日，2025 年 8 月 22 日为"广大转债"最后一个转股日。 本次提前赎回完成后，"广大转债"将自 2025 年 8 月 25 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 20.80 元/股的转股价格进行 ...

Core Viewpoint - The company is actively involved in the field of controllable nuclear fusion, supplying materials for superconducting coil armor and has achieved mass production [1] Group 1 - The company has successfully delivered low-activation martensitic steel CLAM to customers [1] - The company has won the bid for the best coil box machining project, which is currently in the implementation phase [1]

| 证券代码：688186 | 证券简称：广大特材 | 公告编号：2025-092 | | --- | --- | --- | | 转债代码：118023 | 转债简称：广大转债 | | 截至 2025 年 8 月 6 日收市后，距离 2025 年 8 月 19 日（"广大转债"最后交 易日）仅剩 9 个交易日，2025 年 8 月 19 日为"广大转债"最后一个交易日。 最后转股日：2025 年 8 月 22 日 截至 2025 年 8 月 6 日收市后，距离 2025 年 8 月 22 日（"广大转债"最后转 股日）仅剩 12 个交易日，2025 年 8 月 22 日为"广大转债"最后一个转股日。 本次提前赎回完成后，"广大转债"将自 2025 年 8 月 25 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 20.80 元/股的转股价格进行转股外，仅能选择以 100 元/张的票面价值加当期应计利息 （即 100.8658 元/张）被强制赎回。若被强制赎回，可能面临较大投资损失。 张家港广大特材股份有限公司 关于实施"广大转债"赎回暨摘牌的第十一次提示 公告 本公司 ...

Industry Overview - The performance of the Shenwan Electric New Energy sector decreased by 2.62%, ranking 24th among 31 industries, while the Shenwan Public Utilities sector fell by 1.84%, ranking 13th [1][2] - During the same period, the CSI 300 index declined by 1.75%, and the Wind Information All A index dropped by 1.09% [2] Key Developments - The Ministry of Industry and Information Technology (MIIT) has initiated energy-saving inspections for 41 polysilicon companies to promote energy conservation and green development in the polysilicon industry [2] - Abu Dhabi Future Energy Company (Masdar) and Spanish company Iberdrola have partnered to invest in the UK's largest offshore wind project with a capacity of 1.4 GW, setting a new reference for international cooperation in renewable energy [2] Company Insights - CATL (Contemporary Amperex Technology Co., Limited) anticipates small-scale production of solid-state batteries by 2027, with larger-scale production expected around 2030 [3] - Guangdong Province has decided to raise the capacity price for coal and gas power plants, with coal power capacity price set at 165 yuan per kilowatt per year starting January 1, 2026 [3] Investment Recommendations - The report maintains a "recommended" rating for the electric new energy and public utility sectors, suggesting to focus on leading photovoltaic companies such as Aiko Solar, Longi Green Energy, and Tongwei Co., Ltd. [4] - In the wind power sector, it is advised to pay attention to component manufacturers like Jinlei Co., Ltd. and Dayun Heavy Industry [5] - For lithium battery investments, companies in the iron-lithium and anode segments such as Hunan Youneng and Shanghai Xiba are highlighted [5]

Core Viewpoint - The company Guangda Special Materials has issued a reminder to holders of "Guangda Convertible Bonds" to convert their bonds into shares or sell them within the specified period to avoid potential investment losses [2] Group 1 - Guangda Special Materials announced the importance of timely action for bondholders [2] - The announcement was made on the evening of August 5 [2] - The reminder aims to prevent possible investment losses for bondholders [2]

| 证券代码：688186 | 证券简称：广大特材 | 公告编号：2025-091 | | --- | --- | --- | | 转债代码：118023 | 转债简称：广大转债 | | 截至 2025 年 8 月 5 日收市后，距离 2025 年 8 月 22 日（"广大转债"最后转 股日）仅剩 13 个交易日，2025 年 8 月 22 日为"广大转债"最后一个转股日。 本次提前赎回完成后，"广大转债"将自 2025 年 8 月 25 日起在上海证券 交易所摘牌。 张家港广大特材股份有限公司 关于实施"广大转债"赎回暨摘牌的第十次提示公 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： 截至 2025 年 8 月 5 日收市后，距离 2025 年 8 月 19 日（"广大转债"最后交 易日）仅剩 10 个交易日，2025 年 8 月 19 日为"广大转债"最后一个交易日。 最后转股日：2025 年 8 月 22 日 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 20.80 元/股的转股价格进行 ...

Core Viewpoint - The company announces the early redemption of its convertible bonds, "Guangda Convertible Bonds," with specific dates and conditions for investors to be aware of [1][2]. Redemption Details - Redemption registration date is set for August 22, 2025 [1]. - The redemption price is 100.8658 CNY per bond [6]. - Redemption payment date is August 25, 2025 [1]. - The last trading day for the bonds is August 19, 2025 [1][8]. - The last conversion date for the bonds is also August 22, 2025 [1][8]. Conditions for Redemption - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price for a specified period [2][5]. - The stock price must remain above 27.092 CNY for at least 15 out of 30 trading days to meet the redemption conditions [2][5]. Investor Actions - Investors can either trade the bonds in the secondary market or convert them at the conversion price of 20.80 CNY per share before the deadlines [2][10]. - If not converted or sold, the bonds will be forcibly redeemed at the specified price, potentially leading to significant investment losses [2][10]. Tax Implications - Individual investors are subject to a 20% tax on interest income from the bonds, resulting in a net redemption amount of 100.6926 CNY after tax [8][9]. - Resident enterprises must self-report their tax on bond interest income, while non-resident enterprises are exempt from certain taxes until the end of 2025 [9]. Trading and Freezing of Bonds - All bonds will be frozen after the redemption registration date, ceasing trading and conversion [7][10]. - The company will announce the results of the redemption and its impact on the company post-redemption [7].