证券代码：688633 证券简称：星球石墨 债券代码：118041 债券简称：星球转债 南通星球石墨股份有限公司 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） 2 | 目录 | 3 | | --- | --- | | 第一节 本次债券情况 | 4 | | 一、核准文件及核准规模 | 4 | | 二、本次债券的主要条款 | 4 | | 第二节 债券受托管理人履行职责情况 | 21 | | 第三节 发行人年度经营情况和财务情况 | 22 | | 一、发行人基本情况 | 22 | | 二、发行人 2024 年度经营情况及财务状况 | 22 | | 第四节 发行人募集资金使用情况 | 24 | | 一、向不特定对象发行可转换公司债券募集资金基本情况 | 24 | | 二、募集资金的管理与存放情况 | 24 | | 三、募集资金的使用与结余情况 | 25 | | 第五节 本次债券担保人情况 | 28 | | 第六节 债券持有人会议召开情况 | 29 | | 第七节 本次债券付息情况 | 30 | | 第八节 本次债券的跟踪评级情况 | 31 | | 第九节 债券持有人权益有重大影响的其他事项 | ...

Investment Rating - The report assigns a "Buy" rating to the company, indicating a positive outlook for its stock performance [4]. Core Insights - The company is positioned to benefit from the accelerated release of chlor-alkali production capacity, with expected revenue growth driven by increased capital expenditures from upstream graphite equipment manufacturers [1][2]. - The domestic replacement cycle for synthetic furnaces is approaching, with significant demand for high by-product steam graphite synthetic furnaces, which are expected to replace traditional models [2]. - The company is actively expanding into overseas markets, with ongoing projects expected to contribute significantly to revenue in the coming years [3]. - The launch of a new graphite materials project enhances the company's integrated layout of "materials, equipment, systems, and services," improving cost efficiency and profitability [4]. Summary by Sections Company Overview - The company is a leading manufacturer of high-efficiency and energy-saving graphite equipment, with a diverse product range covering various applications in the chemical industry [20]. - The company has a stable and concentrated shareholding structure, with the controlling shareholders holding approximately 66% of the shares [26]. Market Dynamics - The chlor-alkali industry is the core downstream application for the company's products, accounting for 65% of its revenue, with a growing market for graphite equipment driven by environmental policies and industry upgrades [48][44]. - The global chlor-alkali production capacity is expected to continue growing, with significant projects planned in Asia, the Middle East, and North America [3]. Financial Projections - Revenue forecasts for the company are projected at 938 million, 1.16 billion, and 1.36 billion yuan for 2025, 2026, and 2027 respectively, with net profits expected to reach 243 million, 308 million, and 332 million yuan in the same years [4][5]. - The company anticipates a recovery in profitability due to the confirmation of overseas orders and the optimization of costs from new projects [29]. Competitive Position - The company maintains a leading market share in the high by-product steam graphite synthetic furnace segment, positioning it well to capitalize on the upcoming replacement cycle [2]. - The company is focused on technological innovation and has a strong R&D investment, which supports its competitive advantage in the industry [38][4].

Core Viewpoint - The company announced an adjustment in the conversion price of its convertible bonds due to the repurchase and cancellation of restricted stocks, impacting the trading of its securities [1][2]. Summary by Sections 1. Securities Suspension and Resumption - The company's convertible bonds, "星球转债," will be suspended from conversion on June 24, 2025, and will resume on June 25, 2025 [1][5]. 2. Adjustment of Conversion Price - The conversion price was adjusted from 23.39 CNY/share to 23.49 CNY/share, effective from June 25, 2025 [1][4]. - The adjustment was based on the repurchase and cancellation of 1,245,580 shares of restricted stock at a repurchase price of 12.01 CNY/share [2][4]. 3. Basis for Adjustment - The adjustment follows the regulations set by the China Securities Regulatory Commission regarding changes in share capital that may affect the rights of convertible bondholders [2][4]. - The company held board meetings on April 24, 2025, to approve the repurchase and cancellation of restricted stocks due to unmet performance targets [2][3]. 4. Calculation Method for Adjustment - The conversion price adjustment formula used was P1 = (P0 + A × k) / (1 + k), where P0 is the previous conversion price, A is the repurchase price, and k is the ratio of repurchased shares to total shares [4][5]. - The calculated adjustment resulted in a new conversion price of 23.49 CNY/share [4]. 5. Additional Information - Investors seeking more details about "星球转债" can refer to the company's prospectus disclosed on July 27, 2023 [5].

Core Viewpoint - The company announced the repurchase and cancellation of 1,245,580 shares of restricted stock due to unmet performance targets in the 2022 incentive plan, with a repurchase price of 12.01 yuan per share [1][3][5]. Summary by Sections Repurchase and Cancellation Reasons - The repurchase and cancellation of restricted stock is based on the failure to meet performance targets for the third lock-up period of the initial grant and the second lock-up period of the reserved grant in the 2022 incentive plan [1][3]. Details of the Repurchase - The decision for the repurchase was approved in the board meetings held on April 24, 2025, and involves 92 incentive recipients, with 90 from the initial grant and 2 from the reserved grant [1][3][5]. - The total number of shares to be repurchased is 1,245,580, with 936,880 shares from the initial grant and 308,700 shares from the reserved grant [3][5]. Share Structure Changes - After the repurchase, the company will have zero restricted shares remaining, while the total number of unrestricted shares will remain at 143,763,290 [6]. Compliance and Commitments - The company confirms that the decision-making process and information disclosure comply with relevant laws and regulations, ensuring no harm to the rights of incentive recipients or creditors [6][7].

| 证券代码：688633 | 证券简称：星球石墨 | 公告编号：2025-019 | | --- | --- | --- | | 转债代码：118041 | 转债简称：星球转债 | | | 回购股份数量 | 注销股份数量 | 注销日期 | | --- | --- | --- | | 1,245,580股 | 1,245,580股 | 2025年6月23日 | 一、本次限制性股票回购注销的决策与信息披露 公司于 2025 年 4 月 24 日召开了第二届董事会第二十四次会议、第二届监事 会第十九次会议，审议通过了《关于回购注销及作废 2022 年限制性股票激励计 划部分限制性股票的议案》，同意对本激励计划首次及预留授予激励对象对应考 核年度（即 2024 年度）已获授但尚未解除限售的 1,245,580 股第一类限制性股 票全部回购注销，回购价格为 12.01 元/股。具体内容详见公司于 2025 年 4 月 28 日在上海证券交易所网站（www.sse.com.cn）披露的《关于回购注销及作废 2022 年限制性股票激励计划部分限制性股票的公告》（公告编号：2025-012）。 回购注销原因：2022 年限 ...

北京中伦（杭州）律师事务所 关于南通星球石墨股份有限公司 2022 年限制性股票激励计划 回购注销部分限制性股票实施情况的 法律意见书 2025 年 6 月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 北京中伦（杭州）律师事务所 关于南通星球石墨股份有限公司 2022 年限制性股票激励计划 回购注销部分限制性股票实施情况的 法律意见书 致：南通星球石墨股份有限公司 北京中伦（杭州）律师事务所（以下简称"本所"）接受南通星球石墨股份有 限公司（以下简称"星球石墨"或"公司"）委托，就公司 2022 ...

北京中伦（杭州）律师事务所 关于南通星球石墨股份有限公司 2024 年年度股东大会的 法律意见书 二〇二五年五月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 北京中伦（杭州）律师事务所 关于南通星球石墨股份有限公司 2024 年年度股东大会的 法律意见书 致：南通星球石墨股份有限公司 北京中伦（杭州）律师事务所（以下简称"本所"）接受南通星球石墨股份有 限公司（以下简称"公司"）委托，指派本所律师对公司 2024 年年度股东大会（以 下简称"本次股东大会"）的合法性进行见证并出具法律意见。本所指派 ...

南通星球石墨股份有限公司 2024年年度股东大会决议公告 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：688633 | 证券简称：星球石墨 | 公告编号：2025-018 | | --- | --- | --- | | 债券代码：118041 | 债券简称：星球转债 | | 份数量为 500,000 股，根据《上市公司股份回购规则》等有关规定，上市公司回购的股份 不享有股东大会表决权，本次股东大会享有表决权的股份总数为 144,508,870 股。 （四） 表决方式是否符合《公司法》及公司章程的规定，大会主持情况等。 本次股东大会由公司董事会召集，董事长钱淑娟女士主持，采用现场投票与 网络投票相结合的方式召开。本次会议的召集、召开及表决方式符合《公司法》 《上海证券交易所科创板股票上市规则》及《公司章程》的相关规定。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 5 月 27 日 （二） 股东大会召开的地点：江苏省南通市如皋市九华镇华兴路 ...

Group 1 - The core viewpoint of the article highlights the recent research conducted by Moqi Investment on a listed company, Planet Graphite, which is a major player in China's graphite chemical equipment sector, focusing on innovation and development of graphite equipment and systems [1] - Planet Graphite has developed several core technologies and has participated in setting multiple international and industry standards, with key products including graphite synthesis furnaces, heat exchangers, and tower equipment, achieving international advanced levels in technology [1] - The company emphasizes overseas market expansion, having established Beijing Plannide Engineering Technology Co., Ltd. in 2024 to promote its products internationally, successfully signing multiple orders [1] Group 2 - Planet Graphite holds the leading market share in the chlor-alkali industry with its combined by-product steam graphite hydrochloric acid synthesis furnace, which features energy-saving and environmentally friendly technologies [1] - The graphite industry is expected to experience multidimensional growth, driven by increasing market demand, technological innovation, accelerated industry chain integration, and faster internationalization [1] - The company plans to focus on merger and acquisition opportunities to optimize its business layout, enhance competitiveness, and build a comprehensive industry structure encompassing materials, equipment, systems, and services [1]

Core Viewpoint - The integration of technological innovation and industrial innovation in Changsha is essential for enhancing the modern industrial system, focusing on key areas and precise efforts to transform innovation potential into industrial momentum [1] Group 1: Project Implementation and Collaboration - The successful establishment of a 550 million yuan R&D center by Nantong Star Graphite Co., Ltd. in Changsha was facilitated by the Carbon-Based Materials Industry Technology Innovation Strategic Alliance, which acted as a connector [2] - The Carbon-Based Alliance provided comprehensive support throughout the project lifecycle, including site selection, business registration, and talent recruitment, ensuring the company became an integral part of Changsha's carbon-based materials industry ecosystem [3] Group 2: Industry Chain Development - The Advanced Battery Materials and Battery Industry Technology Innovation Strategic Alliance has significantly contributed to the completion of the lithium battery industry chain in Changsha, which previously lacked key components such as separators and electrolytes [4] - Over the past decade, Changsha's lithium battery industry has developed a complete supply chain, leading to the advanced energy storage materials industry cluster's output exceeding 100 billion yuan, making it the third city in China to achieve this milestone [5] Group 3: Strategic Alliances and Ecosystem Building - Various industry technology innovation strategic alliances in Changsha, including the Integrated Circuit Industry Technology Innovation Strategic Alliance and the Kunpeng Computing Industry Technology Innovation Strategic Alliance, are focused on strengthening and complementing the industry chain to attract leading enterprises [7] - The alliances operate with a professional approach, maintaining extensive industry knowledge and a large enterprise resource database to facilitate precise matching of supply and demand [7] - The establishment of an industrial chain investment map by the municipal science and technology bureau aids in decision-making for attracting high-growth technology enterprises and innovation resources, enhancing the overall industrial chain in Changsha [8]