特别提示： 1.回售价格：100.258 元/张（含息、税） | 证券代码：000401 | 证券简称：金隅冀东 | 公告编号：2025-086 | | --- | --- | --- | | 债券代码：127025 | 证券简称：冀东转债 | | 金隅冀东水泥集团股份有限公司 关于"冀东转债"回售的公告 公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 2.回售申报期：2025 年 12 月 22 日至 2025 年 12 月 26 日 3.发行人资金到账日：2025 年 12 月 31 日 4.回售款划拨日：2026 年 1 月 5 日 5.投资者回售款到账日：2026 年 1 月 6 日 6.回售期内"冀东转债"停止转股 7.本次回售不具有强制性 8.在回售资金发放日之前，如持有的本期债券发生司法冻结或划扣等 情形，债券持有人本次回售申报业务失效。 截至 2025 年 12 月 16 日，金隅冀东水泥集团股份有限公司（曾用名 为"唐山冀东水泥股份有限公司"，以下简称"公司"）股票已经连续三十 个交易日的收盘价格低于当期转股价 13.01 元/股的 70%（即 ...

北京市海问律师事务所 关于金隅冀东水泥集团股份有限公司 可转换公司债券回售的 法律意见书 二○二五年十二月 海问律师事务所 HAIWEN & PARTNERS 为出具本法律意见书，本所依据中国律师行业公认的业务标准、道德规范和勤 勉尽责精神，对发行人进行了审慎的尽职调查，查阅了本所认为必须查阅的文件， 包括发行人提供的有关政府部门的批准文件、有关记录、资料和证明，以及现行有 关法律、法规、行政规章和其他规范性文件，并就与发行人本次回售相关的问题向 有关管理人员进行了必要的询问或讨论，对有关问题进行了核实。此外，对于本所 认为就出具本法律意见书至关重要而又无法得到独立的证据支持的事实，本所律 师向发行人发出了书面询问、备忘录，或取得了政府有关主管部门、发行人或者其 他有关机构对有关事实和法律问题出具的确认函和/或证明文件。上述文件资料、 确认函和/或证明文件均构成本法律意见书的分析及结论的重要依据。 本所仅就与发行人本次回售有关的中国法律问题发表法律意见，而不对有关 会计审计、资产评估、投资决策等专业事项发表意见。本所并未就中国以外的其他 司法管辖区域的法律事项进行调查，亦不就中国以外的其他司法管辖区域的法律 ...

二、回售情况概述 （一）有条件回售条款 根据《募集说明书》的约定，有条件回售条款具体如下： 中信证券股份有限公司关于金隅冀东水泥集团股份有限公司 可转换公司债券回售有关事项的核查意见 中信证券股份有限公司（以下简称"中信证券"）作为金隅冀东水泥集团股 份有限公司（曾用名为"唐山冀东水泥股份有限公司"，以下简称"金隅冀东" 或"公司"）公开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》《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监 管指引第 1 号——主板上市公司规范运作》《深圳证券交易所上市公司自律监管 指引第 15 号——可转换公司债券》等有关规定，对金隅冀东可转换公司债券（以 下简称"冀东转债"）回售有关事项进行了审慎核查，核查情况和核查意见如下： 一、"冀东转债"发行上市情况 经中国证监会"证监许可[2020]2416 号"核准，公司于 2020 年 11 月 5 日公 开发行了 2,820.00 万张可转换公司债券，每张面值 100 元，发行总额 282,000.00 万元，期限六年。经深交所"深证上〔2020〕1166 号"文同意，公司 282,000.00 万元 ...

Group 1 - The core viewpoint of the article highlights that the recent flood disasters in the Beijing-Tianjin-Hebei region have created a demand for infrastructure repair and development, including housing repairs, road and bridge reconstruction, and flood control projects [1] - The company is increasing its market development efforts in water conservancy projects and urban pipeline infrastructure, leveraging its technological research and production advantages to enhance product structure [1] - The company is introducing customized and specialty cement products tailored to different application scenarios to meet market demand and drive sales growth [1]

Group 1 - The China Building Materials Federation announced seven groundbreaking technological achievements in the building materials industry, including the world's first "zero-employee" intelligent cement production line by Jidong Cement in Tongchuan, which utilizes "AI + cement manufacturing" for digital factory construction [1] - The intelligent control center at Jidong Cement showcases a virtual 3D digital "twin factory" that simulates key production processes, allowing for optimization and automation with minimal human intervention [1] - The traditional cement production process requires 200-300 workers, while the "unmanned cement factory" operates with only 12 employees per shift for control and inspection tasks, demonstrating significant labor efficiency [4] Group 2 - The factory has established 35,000 data monitoring points and developed unmanned systems for production management, quality control, environmental protection, and safety, creating a "data-driven" digital factory [4] - The packaging process is fully automated, with clean operations that eliminate the dust and chaos typical of traditional factories, enhancing operational efficiency [4] - Drones are employed for comprehensive inspections of the factory, equipped with infrared cameras to identify safety hazards, further contributing to the factory's automation and safety measures [6]

Core Viewpoint - The company reported a significant increase in net profit and earnings per share for the period from January to September 2025, indicating strong financial performance and growth potential [1] Financial Performance - The company achieved a net profit attributable to shareholders of 0.4 billion yuan, representing a year-on-year growth of 113.60% [1] - Basic earnings per share increased to 0.01 yuan, reflecting a year-on-year rise of 112.81% [1] Influencing Factors - Earnings per share are influenced not only by gross profit but also by factors such as period expenses, taxes, and share capital size [1]

Core Viewpoint - The latest report from Tianfeng Securities indicates that the cement industry has strong support for bottom-line profitability in the short term, and its future development direction is becoming clearer [1] Short-term Analysis - The cement industry is currently entering a critical period of staggered production during the heating season, with over 85% of clinker lines in northern provinces in a shutdown state [2] - Various provinces have announced their shutdown plans for December, with the Yangtze River Delta region planning to shut down for 13 to 15 days, and Hunan province planning a complete shutdown for a month due to environmental pressures [2] - The increased efforts in staggered production have effectively reduced market supply, providing strong support for cement prices and establishing a solid foundation for bottom-line profitability in the industry [2] Related Companies - Conch Cement, as a leading company in the cement industry, has a large production scale and extensive sales network, allowing it to better control market supply and stabilize product prices during staggered production [3] - Huaxin Cement has made significant investments in technology research and environmental protection, enabling it to maintain a high market share and provide strong support for short-term profitability during staggered production [3] Long-term Outlook - The year 2025 is identified as a crucial turning point for the cement industry, with head enterprises beginning to address excess production capacity [4] - By November, a total of 52.5 million tons of capacity has been replaced, while 83.59 million tons of capacity has been exited, with policies in 2025 aimed at regulating production order in the industry [4] - The actual effects of excess production governance are expected to become evident in 2026, leading to a more equitable market competition and increased industry concentration [4] - Jidong Cement is highlighted as a company to watch, as it holds a significant market position in northern regions and is expected to optimize its capacity structure and improve production efficiency in response to policy changes [4] - Tapai Group, with a strong market share in southern China, focuses on technological innovation and green development, positioning itself to excel in future market competition [4] Summary - Tianfeng Securities' report outlines the short-term and long-term development trajectories of the cement industry, emphasizing the strong support for bottom-line profitability from staggered production and the new opportunities presented by the 2025 policy window and the expected effects of excess production governance in 2026 [5]

证券日报网讯 12月2日，金隅冀东在互动平台回答投资者提问时表示，公司2022年6月回购的2658万股 股份已于今年6月份用于股权激励，目前，暂无股份回购计划。 （文章来源：证券日报） ...

Group 1 - The company, Jinyu Jidong (000401.SZ), announced that 26.58 million shares repurchased in June 2022 have been used for equity incentives as of June this year [1] - Currently, there are no plans for further share repurchases [1]

Core Viewpoint - The company, Jinju Jidong (000401.SZ), has no current plans for share repurchase after utilizing 26.58 million shares for equity incentives in June 2023, which were repurchased in June 2022 [2] Group 1 - The company responded to an investor inquiry regarding share repurchase plans [2] - In June 2022, the company repurchased 26.58 million shares [2] - The repurchased shares were used for equity incentives in June 2023 [2]