Key Points - The company announced a repurchase price of 100.22 RMB per bond, including accrued interest [1][5] - The repurchase period is set from August 12, 2025, to August 18, 2025 [1][5] - The payment date for repurchase funds is August 21, 2025 [1][5] - The repurchase is not mandatory for bondholders [1][5] - The company issued 6.94 million convertible bonds on June 23, 2022 [1][3] - A bondholder meeting will be held on August 1, 2025, to discuss the termination of a specific fundraising project and the reallocation of remaining funds to a new project [1][3] - The new project involves the construction of a 2 million square meter PDLC light control film production line [1][3] Repurchase Terms - The repurchase clause is activated due to significant changes in the use of raised funds compared to the commitments in the prospectus [2][3] - Bondholders can sell back all or part of their convertible bonds at face value plus accrued interest [3][4] - The accrued interest calculation is based on a 1.60% annual interest rate for 50 days [4][5] Repurchase Process - Bondholders must submit their repurchase requests through the Shanghai Stock Exchange trading system during the specified period [5][6] - The repurchase price includes accrued interest, totaling 100.22 RMB per bond [5][6] - The bonds will continue to trade during the repurchase period, but conversion to shares will be halted [5][6]

Core Viewpoint - Haiyou New Materials announced that convertible bondholders can choose to sell their "Haiyou Convertible Bonds" at a price of 100.22 yuan per bond, including current interest, which may lead to potential losses for bondholders as the market price is currently higher than the repurchase price [1] Summary by Relevant Sections - Convertible Bond Details - The repurchase price for "Haiyou Convertible Bonds" is set at 100.22 yuan per bond, including interest [1] - The closing price of "Haiyou Convertible Bonds" is currently above the repurchase price, indicating a potential loss for those who choose to sell [1]

关于"海优转债"可选择回售的第一次提示性公告 上海海优威新材料股份有限公司 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。 | 证券代码:688680 | 证券简称:海优新材 | 公告编号：2025-054 | | --- | --- | --- | | 转债代码:118008 | 转债简称:海优转债 | | 重要内容提示： 风险提示：可转债持有人选择回售等同于以 100.22 元/张（含当期利息） 卖出持有的"海优转债"。截至目前，"海优转债"的收盘价格高于本次回售价格， 可转债持有人选择回售可能会带来损失，敬请可转债持有人注意风险。 上海海优威新材料股份有限公司（以下简称"公司"）于 2022 年 6 月 23 日向 不特定对象发行了 694 万张可转换公司债券（转债简称："海优转债"，转债代码： 118008），每张面值 100 元，发行总额 69,400.00 万元。根据战略规划和经营需要， 公司于 2025 年 8 月 1 日召开"海优转债"2025 年第一次债券持有人会议及 2025 年第三次临时股东会，审议通 ...

Core Viewpoint - The company announced the suspension of the conversion of its convertible bonds "Haiyou Convertible Bonds" during the repurchase period, affecting the trading status of its related securities [1][2]. Group 1: Repurchase Details - The company issued 6.94 million convertible bonds on June 23, 2022, under the name "Haiyou Convertible Bonds" [2]. - The company will hold a temporary shareholders' meeting on August 1, 2025, to discuss the termination of one of the fundraising projects and the reallocation of remaining funds to a new project [2][3]. - The repurchase price for the convertible bonds is set at 100.22 RMB per bond, including accrued interest [4][6]. - The repurchase period is from August 12, 2025, to August 18, 2025, with funds to be disbursed on August 21, 2025 [4][6]. Group 2: Repurchase Rights and Procedures - Holders of "Haiyou Convertible Bonds" have the right to sell back all or part of their unconverted bonds during the repurchase period, but this repurchase is not mandatory [6][7]. - The repurchase process requires bondholders to submit their sell orders through the Shanghai Stock Exchange trading system during the specified period [6][7]. - If the total face value of the convertible bonds falls below 30 million RMB after the repurchase, trading will continue until the end of the repurchase period [7].

| 证券代码：688680 | 证券简称：海优新材 公告编号：2025-053 | | --- | --- | | 转债代码：118008 | 转债简称：海优转债 | 上海海优威新材料股份有限公司 关于"海优转债"可选择回售的公告 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： 因回售期间"海优转债"停止转股,本公司的相关证券停复牌情况如下： | 118008 | 海优转债 | 可转债转股停 | 2025/8/12 | | 2025/8/18 | 2025/8/19 | | --- | --- | --- | --- | --- | --- | --- | | 证券代码 | 证券简称 | 停复牌类型 牌 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | 上海海优威新材料股份有限公司（以下简称"公司"）于 2022 年 6 月 23 日向 不特定对象发行了 694 万张可转换公司债券（转债简称："海优转债"，转债代码： 118008），每张面值人民币 100 元，发行总额 69,400.00 万元。 ...

北京国枫律师事务所 关于上海海优威新材料股份有限公司 可转换公司债券回售的 法律意见书 国枫律证字[2021]AN242-21 号 GRANDWAY 北京国枫律师事务所 Grandway Law Offices 北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 邮编：100005 电话（Tel）: 010-88004488/66090088 传真（Fax）: 010-66090016 北京国枫律师事务所 关于上海海优威新材料股份有限公司 可转换公司债券回售的 法律意见书 国枫律证字[2021]AN242-21 号 致: 上海海优威新材料股份有限公司（公司） 根据本所与上海海优威新材料股份有限公司签署的《专项法律服务合同》, 本所接受公司的委托,根据《中华人民共和国公司法》(以下简称《公司法》)、 《中华人民共和国证券法》(以下简称《证券法》)、《上市公司证券发行注册 管理办法》（以下简称《注册管理办法》）、《上海证券交易所科创板股票上市 规则》(以下简称《上市规则》)、《可转换公司债券管理办法》(以下简称《管 理办法》) 《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》（以下 ...

中信建投证券股份有限公司 关于上海海优威新材料股份有限公司 "海优转债"回售有关事项的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"、"保荐机构"）作 为上海海优威新材料股份有限公司（以下简称"公司"、"海优新材"）向不特定 对象发行可转换公司债券的保荐机构，根据《证券发行上市保荐业务管理办法》 《上海证券交易所科创板股票上市规则》《上海证券交易所科创板上市公司自律 监管指引第1号——规范运作》《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》等相关法律、法规和规范性文件的规定，对"海优转债" 回售有关事项进行了审慎核查，核查情况及核查意见如下： 一、募集资金基本情况 根据公司 2021 年 11 月 10 日第三届董事会第十六次会议、2021 年 11 月 26 日 2021 年第四次临时股东大会、2022 年 2 月 8 日第三届董事会第二十次会议、 2022 年 6 月 20 日第三届董事会第二十三次会议审议通过，并经中国证券监督管 理委员会《关于同意上海海优威新材料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]1014 号）文件批复，公司本 ...

Core Viewpoint - The article highlights the recent surge in the photovoltaic sector, driven by rising silicon wafer prices, strong earnings forecasts from key companies, and government initiatives aimed at energy efficiency in the polysilicon industry [4][5][6]. Group 1: Market Performance - On Friday, photovoltaic concept stocks experienced a significant rise, with manufacturing equipment stocks leading the gains. Notable individual stock performances included Jiejia Weichuang hitting a 20% limit up, Haiyou New Materials rising nearly 13%, and Shuangliang Energy also reaching the limit up [4]. - The photovoltaic sector saw a total of three major positive developments contributing to this market performance [4]. Group 2: Price Trends - On July 31, the China Nonferrous Metals Industry Association's Silicon Industry Branch reported that silicon wafer prices continued to rise, with average prices increasing by approximately 0.1 yuan per piece. Specific price increases included a 9.09% rise for N-type G10L monocrystalline silicon wafers, 8% for N-type G12R, and 7.64% for N-type G12 wafers [5]. - The increase in raw material prices has led to higher costs and an uptick in downstream purchasing orders, which are the main reasons for the sustained rise in silicon wafer prices [5]. Group 3: Company Earnings Forecasts - Jiejia Weichuang disclosed its mid-year earnings forecast, expecting a net profit attributable to shareholders of 1.7 billion to 1.96 billion yuan for the first half of 2025, representing a year-on-year growth of 38.65% to 59.85%. The non-recurring net profit is projected to be between 1.549 billion and 1.809 billion yuan, reflecting a growth of 31.37% to 53.41% [5]. Group 4: Government Initiatives - The Ministry of Industry and Information Technology announced a special energy-saving inspection task list for the polysilicon industry, covering 41 enterprises in regions such as Inner Mongolia, Sichuan, Yunnan, and Qinghai [5]. Group 5: Industry Outlook - CITIC Securities stated that the "anti-involution" strategy has reached a national strategic level in China, with the photovoltaic industry being a key area for addressing issues of homogenized low-price competition. The industry is expected to see a return to normalized competition and potential supply-side reforms, which could lead to a recovery in prices and profitability [6]. - Technological innovation is identified as a fundamental path for the photovoltaic sector to overcome homogenized competition, with companies that have product differentiation and brand advantages likely to experience early performance recovery and long-term growth [6].

Investment Rating - The report maintains a "Positive" investment rating for the industry [5] Core Viewpoints - The report emphasizes the ongoing "anti-involution" trend in the photovoltaic industry, which is expected to drive price increases and improve profitability across the supply chain [16][36] - The energy storage sector is experiencing sustained demand growth, with significant project developments and favorable policy support [39][44] - The lithium battery segment shows stable demand, with advancements in solid-state technology and materials innovation [39][44] - The wind power sector is benefiting from increased offshore project activity and recovery in profitability [39][44] - The power equipment sector is seeing positive developments from high-voltage projects and international demand [39][44] - New directions in AI and robotics are highlighted as emerging investment opportunities, particularly in the context of increased capital expenditure from major manufacturers [39][44] Summary by Sections Photovoltaic - The photovoltaic industry is witnessing a price increase in key materials, with polysilicon prices rising to 49-55 CNY/kg and silicon wafer prices increasing by approximately 0.1 CNY per piece [22][25] - The government is pushing for the elimination of low-price competition and the orderly exit of outdated production capacity, with mergers and acquisitions in the polysilicon sector expected to progress in Q3 [16][36] - Recommended stocks include Tongwei Co., GCL-Poly, LONGi Green Energy, and Aiko Solar [16][36] Energy Storage - In H1 2025, major energy storage projects across 21 regions reached a total capacity of 124 GWh, with significant contributions from Inner Mongolia, Shandong, and Guangdong [41][42] - The report highlights the increasing stability of the energy storage market, with a positive outlook for domestic demand and pricing [39][44] - Recommended stocks include Sungrow Power Supply and Deye Technology [39][44] Lithium Batteries - The lithium battery sector is characterized by stable demand and a focus on solid-state battery technology, with companies like CATL and other second-tier players expected to benefit [39][44] - The report notes the importance of material innovations such as lithium metal anodes and nickel-iron current collectors [39][44] - Recommended stocks include CATL, Xiamen Tungsten, and Putailai [39][44] Wind Power - The offshore wind sector is accelerating project construction, with expectations for increased profitability in the second half of the year [39][44] - Recommended stocks include Mingyang Smart Energy and Zhongji Lingnan [39][44] Power Equipment - The report indicates that high-voltage projects have been approved, with overseas demand expected to rise [39][44] - Recommended stocks include Pinggao Electric and XJ Electric [39][44] New Directions - The report highlights advancements in humanoid robotics and AI applications, with significant capital expenditure from major companies [39][44] - Recommended stocks include Sanhua Intelligent Controls and Zhejiang Rongtai [39][44]

Group 1 - The bondholders' meeting for the "Haiyou Convertible Bonds" was held on August 1, 2025, with a total of 24 participants representing 251,200 convertible bonds, accounting for 3.6199% of the total outstanding bonds [1][2] - The meeting was convened by the company's board of directors and chaired by the chairwoman, Li Xiaoyu, following the regulations of the Company Law and the company's articles of association [2] - The resolutions passed during the meeting are binding on all bondholders, including those who did not attend or voted against the resolutions [1][2] Group 2 - The legal representatives confirmed that the procedures for convening and holding the bondholders' meeting complied with relevant laws and regulations, with no legal flaws identified [2]