证券代码：000415 证券简称：渤海租赁 公告编号：2025-075 渤海租赁股份有限公司 关于全资子公司 Seaco SRL 融资及对外担保的进展公告 本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。 为满足渤海租赁股份有限公司（以下简称"公司"或"渤海租赁"）全资子 公司香港渤海租赁资产管理有限公司（以下简称"香港渤海"）之下属全资子公 司 Seaco SRL 的业务发展需求，Seaco SRL 拟以全资子公司 Global SC Finance X Limited（以下简称"GSCF X"）作为票据发行人，向相关合格金融机构非公开发 行总计 5 亿美元结构化票据。现就上述融资及担保相关进展情况公告如下： 一、融资进展情况 ㈠融资情况概述 2025 年 9 月 25 日，GSCF X、Seaco SRL 与 U.S. Bank Trust Company National Association（以下简称"U.S. Bank Trust"）签署了《Indenture》票据融资及相关附 属协议，U.S. Bank Trust 作为受托人，GSCF X 作为票据 ...

证券代码:000415 债券代码:112723 债券代码:112765 债券代码:112771 债券代码:112783 债券代码:112810 证券简称:渤海租赁 债券简称:18渤金01 债券简称:18渤金02 债券简称:18渤金03 债券简称:18渤金04 债券简称:18渤租05 长城证券股份有限公司 关于渤海租赁股份有限公司 面向合格投资者公开发行公司债券 临时受托管理事务报告 债券受托管理人 成证券股份有限公 AT WALL SECURITIES CO .. LTD. (深圳市福田区福田街道金田路 2026 号能源大厦南塔楼 10-19 层 ) 签署时间: 2025 年 9 月 l 声明 本报告依据《公司债券发行与交易管理办法》、《公司债券受托管理人执业 行为准则》、《渤海金控投资股份有限公司 2018年公开发行公司债券募集说明 书》（以下简称"《募集说明书》"）、《渤海金控投资股份有限公司 2018年公 开发行公司债券受托管理协议》(以下简称《受托管理协议》)等相关规定以及 渤海租赁股份有限公司（以下简称"公司"、"发行人"、"渤海租赁"）出具的相关 说明文件以及提供的相关资料等,由本期公司债券受托管 ...

证券代码：000415 证券简称：渤海租赁 公告编号：2025-074 渤海租赁股份有限公司 关于对外担保的进展公告 本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。 渤海租赁股份有限公司（以下简称"公司"或"渤海租赁"）于 2025 年 4 月 1 日、4 月 24 日分别召开第十届董事会第九次会议及 2024 年年度股东大会， 审议通过了《关于公司及下属子公司 2025 年担保额度预计的议案》，详见公司 于 2025 年 4 月 3 日及 2025 年 4 月 25 日在《证券时报》《上海证券报》和巨潮 资讯网（http://www.cninfo.com.cn）上披露的 2025-017、2025-021、2025-031 号 公告。 2025 年 9 月 12 日，公司、天津渤海与天津银行北京分行分别签署了《补充 协议》及相关附属协议，将上述两笔借款项下剩余本息的还款期限延长 5 年，展 期后的到期日为 2030 年 9 月 15 日，展期期间借款利率为 3%。为支持上述业务 的开展，公司继续以持有的天津渤海 6.18 亿元股权为公司 10 亿元融资提供质押 ...

证券代码：000415 证券简称：渤海租赁 公告编号：2025-073 渤海租赁股份有限公司 关于控股子公司 Avolon Holdings Limited 对外担保的进展公告 本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。 渤海租赁股份有限公司（以下简称"公司"或"渤海租赁"）于 2025 年 4 月 1 日、4 月 24 日分别召开第十届董事会第九次会议及 2024 年年度股东大会， 审议通过了《关于公司及下属子公司 2025 年担保额度预计的议案》，详见公司 于 2025 年 4 月 3 日及 2025 年 4 月 25 日在《证券时报》《上海证券报》和巨潮 资讯网（http://www.cninfo.com.cn）上披露的 2025-017、2025-021、2025-031 号 公告。 根据上述审议授权事项，2025 年公司控股子公司 Avolon Holdings Limited（以 下简称"Avolon"）及其下属子公司对 Avolon 下属全资子公司或 SPV 担保额度 总计不超过 105 亿美元，授权期限至公司 2025 年年度股东大会召开之日 ...

Financing Progress - Avolon Holdings Limited plans to issue a total of $1.25 billion in senior unsecured notes through its wholly-owned subsidiary Avolon Holdings Funding Limited [2] - The notes have a coupon rate of 4.950% and will mature on October 15, 2032 [2] - The proceeds will primarily be used to repurchase certain previously issued senior unsecured notes and for general corporate purposes, including repaying future maturing debts [2] Loan Utilization - Avolon has an authorized loan limit of up to $10.5 billion for 2025, which includes the current financing [3] - As of the announcement date, Avolon has utilized $2.845 billion of the authorized loan limit, excluding the current financing amount [3] Guarantee Progress - Avolon and its subsidiaries will provide joint and several guarantees for the $1.25 billion note issuance [5] - The guarantee is effective until the debt obligations under the financing agreement are fulfilled [6] - The total authorized guarantee limit for Avolon and its subsidiaries is also set at $10.5 billion for 2025 [6] Guarantee Utilization - As of the announcement date, Avolon and its subsidiaries have utilized $2.845 billion of the authorized guarantee limit for 2025, excluding the current guarantee [7] - The cumulative guarantee amount over the past 12 months is approximately ¥60.73 billion, accounting for about 21.20% of the company's audited total assets for 2024 [8]

Core Viewpoint - Bohai Leasing (000415) announced that the company is not involved in any guarantees that have resulted in a judgment against it, which would require the company to bear losses [1] Group 1 - The company confirmed the absence of any legal liabilities related to guarantees [1]

证券代码：000415 证券简称：渤海租赁 公告编号：2025-072 渤海租赁股份有限公司 关于控股子公司 Avolon Holdings Limited 融资及对外担保的进展公告 本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。 为满足渤海租赁股份有限公司（以下简称"公司"或"渤海租赁"）控股子 公司 Avolon Holdings Limited（以下简称"Avolon"）的业务发展需求，Avolon 拟 以全资子公司 Avolon Holdings Funding Limited（以下简称"Avolon Funding"）作 为票据发行人，向相关合格金融机构非公开发行总计 12.5 亿美元优先无抵押票 据。2025 年 9 月 4 日（都柏林时间），Avolon Funding 完成了上述优先无抵押票 据的定价工作。详见公司于 2025 年 9 月 6 日在《证券时报》《上海证券报》和 巨潮资讯网（http://www.cninfo.com.cn）上披露的《关于控股子公司 Avolon Holdings Limited 融资进展的提示性公告》（2025-0 ...

证券代码:000415 债券代码:112723 债券代码:112765 债券代码:112771 债券代码: 112783 债券代码:112810 证券简称:渤海租赁 债券简称:18渤金01 债券简称:18渤金02 债券简称:18渤金03 债券简称:18渤金04 债券简称:18渤租05 长城证券股份有限公司 关于渤海租赁股份有限公司 面向合格投资者公开发行公司债券 临时受托管理事务报告 债券受托管理人 长股份有限公 WALL SECURITIES CO.,LTD (深圳市福田区福田街道金田路 2026 号能源大厦南塔楼 10-19 层) 签署时间:2025年9月 l 声明 本报告依据《公司债券发行与交易管理办法》、《公司债券受托管理人执业 行为准则》、《渤海金控投资股份有限公司 2018 年公开发行公司债券募集说明 书》（以下简称"《募集说明书》"）、《渤海金控投资股份有限公司 2018年公 开发行公司债券受托管理协议》（以下简称《受托管理协议》）等相关规定以及 渤海租赁股份有限公司（以下简称"公司"、"发行人"、"渤海租赁"）出具的相关 说明文件以及提供的相关资料等,由本期公司债券受托管理人长城证券股份有限 ...

Investment Rating - Investment recommendation: Outperform the market (maintained) [8] Core Viewpoints - The aircraft leasing industry is currently experiencing an upward trend in prosperity. Despite gradual improvements in aircraft manufacturers' production capacity, the existing backlog of over 15,000 aircraft orders suggests that the supply-demand imbalance is unlikely to improve in the short term, which will further drive the asset-side revenue levels of aircraft leasing companies [5][12]. Summary by Sections 1. Industry: Capacity Improvement but Supply-Demand Imbalance Persists - The delivery capabilities of aircraft manufacturers have improved significantly compared to 2024. As of the end of July 2025, Boeing and Airbus had average monthly delivery rates of approximately 47 and 53 aircraft, respectively. However, the demand remains strong, with a combined average monthly order volume of 171 aircraft, exceeding the delivery levels [16][17]. - The current backlog of over 15,000 aircraft indicates that it may take more than 10 years to fulfill these orders at the current average delivery rate of 100 aircraft per month [17]. 2. Company: Overall Performance of Aircraft Leasing is Good, Low-Yield Asset Disposal Nearing End 2.1 Performance: Overall Performance is Good - The revenue growth of major aircraft leasing companies in the first half of 2025 was strong, with year-on-year growth rates for Bohai Leasing, Bank of China Aviation Leasing, China Aircraft Leasing, Guoxin Financial Leasing, Aercap, and Air Lease at 75.91%, 6.83%, -14.14%, 8.11%, -0.31%, and 10.48%, respectively [20]. - The net profit growth rates for the same companies were -381.80%, -25.76%, 6.66%, 27.63%, 80.74%, and 293.25%, with some companies experiencing declines due to goodwill impairment and other factors [21]. 2.2 Asset Status: Excellent Asset Package, Aircraft Disposal Approaching End - As of mid-2025, the self-owned and managed fleet sizes for major leasing companies were 663, 483, 181, 312, 1700, and 548 aircraft, respectively, indicating a high overall fleet size and ongoing expansion [10][31]. - The ratio of ordered aircraft to the total fleet for domestic leasing companies is generally above 0.6, suggesting greater potential for fleet expansion compared to Aercap and Air Lease, which have lower ratios [35]. 2.3 Outlook: Revenue Levels Gradually Increasing, Performance Elasticity Varies - The average leasing yield for major aircraft leasing companies in the first half of 2025 was 11.65%, 10.35%, 10.90%, 9.66%, 12.15%, and 9.24%, showing an upward trend [11][44]. - The performance elasticity of companies varies significantly, with Bohai Leasing and China Aircraft Leasing having over 10% of their leases maturing within a year, indicating greater potential for performance elasticity [45]. 3. Investment Recommendations - The overall outlook for the aircraft leasing industry remains positive, with continued upward trends in prosperity. The significant backlog of over 15,000 aircraft orders suggests that the supply-demand imbalance will persist in the short term, further enhancing the revenue levels of aircraft leasing companies [12][46].

Core Viewpoint - Bohai Leasing's stock price has shown a recent upward trend, with a 2.24% increase on September 9, 2023, reaching 3.65 CNY per share, while the company has faced a year-to-date decline of 3.18% [1] Financial Performance - For the first half of 2025, Bohai Leasing reported operating revenue of 28.46 billion CNY, a year-on-year increase of 75.91%, but a net profit attributable to shareholders of -2.02 billion CNY, representing a significant decrease of 381.80% [2] - Cumulative cash dividends since the company's A-share listing amount to 1.14 billion CNY, with no dividends distributed in the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders for Bohai Leasing was 121,900, a decrease of 8.99% from the previous period, while the average circulating shares per person increased by 9.88% to 44,243 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, holding 174 million shares, an increase of 71,300 shares from the previous period, and Southern CSI 500 ETF, which is a new shareholder with 6.42 million shares [3] Market Activity - On September 9, 2023, Bohai Leasing experienced a trading volume of 176 million CNY, with a turnover rate of 0.91%, and a total market capitalization of 22.57 billion CNY [1] - The stock has shown positive performance in recent trading days, with a 6.41% increase over the last five trading days, a 4.29% increase over the last twenty days, and a 13.35% increase over the last sixty days [1]