Core Viewpoint - The company has announced an adjustment to the conversion price of its convertible bonds, "Wangneng Convertible Bonds," from 14.47 yuan per share to 14.18 yuan per share, effective from July 11, 2025, due to the distribution of cash dividends [1][6]. Summary by Sections Adjustment Basis - The company issued 14 million convertible bonds with a total value of 1.4 billion yuan on December 17, 2020. The conversion price is subject to adjustments based on various corporate actions such as stock dividends, capital increases, and cash dividends [1][2]. Historical Adjustments - The first adjustment occurred on May 31, 2021, reducing the conversion price from 16.47 yuan to 15.97 yuan due to a cash dividend of 5 yuan per 10 shares [2]. - The second adjustment on May 31, 2022, lowered the price from 15.97 yuan to 15.67 yuan following a cash dividend of approximately 3 yuan per 10 shares [2]. - The third adjustment on June 1, 2023, was due to a cash dividend of 5 yuan per 10 shares, with the new conversion price not specified in the document [3]. - The fourth adjustment will take place on November 23, 2023, reducing the price from 15.17 yuan to 14.97 yuan due to a cash dividend of 2 yuan per 10 shares [4]. - The fifth adjustment is scheduled for June 6, 2024, with a cash dividend of 3 yuan per 10 shares, with the new conversion price not specified [4]. - The sixth adjustment on October 11, 2024, will change the price from 14.67 yuan to 14.47 yuan due to a cash dividend of approximately 2.001 yuan per 10 shares [4]. Current Adjustment Details - The current adjustment is based on the company's 2024 annual profit distribution plan, which was approved on May 23, 2025. The total cash dividend distributed will be approximately 127.74 million yuan, with no stock dividends or capital increases [5][6]. - The adjusted conversion price is calculated as follows: 14.47 yuan - 0.29 yuan = 14.18 yuan, effective from July 11, 2025 [6].

| 证券代码：002034 | 证券简称：旺能环境 | 公告编号：2025-56 | | --- | --- | --- | | 债券代码：128141 | 债券简称：旺能转债 | | 旺能环境股份有限公司 关于调整回购股份价格上限的公告 特别提示： 调整前回购股份价格上限为：22.00 元/股 调整后回购股份价格上限为：21.71 元/股 回购股份价格上限调整生效日期：2025 年 7 月 11 日 一、回购股份的基本情况 旺能环境股份有限公司（以下简称"公司"）于2024年11月26日召开第九届董 事会第八次会议，审议通过《关于回购公司股份方案的议案》，同意公司使用自有 资金、专项贷款资金等合法资金以集中竞价交易方式回购部分公司已发行的人民币 普通股（A 股）股票，本次回购股份将用于股权激励计划、员工持股计划或可转换 公司债券转股。若公司未能在本次回购实施完成之日起36个月内将已回购的股份用 于前述用途的，未使用部分的回购股份应予以注销。本次回购股份的价格不超过人 民币22.00元/股，回购总金额不低于人民币10,000万元且不超过人民币20,000万元。 具体内容详见刊登于2024年11月28日、202 ...

旺能环境股份有限公司 一、转股价格调整依据 关于实施旺能转债转股价格调整的提示性公告 特别提示： | 证券代码：002034 | 证券简称：旺能环境 | 公告编号：2025-57 | | --- | --- | --- | | 债券代码：128141 | 债券简称：旺能转债 | | 调整前"旺能转债"转股价格为：14.47 元/股 调整后"旺能转债"转股价格为：14.18 元/股 转股价格调整起始日：2025 年 7 月 11 日 旺能环境股份有限公司（以下简称"公司"）于2020年12月17日公开发行了1,400 万张可转换公司债券，每张面值100元，发行总额14亿元（债券简称：旺能转债；债 券代码：128141）。 根据中国证券监督管理委员会关于可转换公司债券发行的有关规定及《旺能环 境股份有限公司公开发行可转换公司债券募集说明书》（以下简称《募集说明书》） 的相关条款，在旺能转债发行之后，当公司发生送红股、转增股本、增发新股（不 包括因本次发行的可转债转股而增加的股本）、配股以及派发现金股利等情况时， 公司将按上述条件出现的先后顺序，依次对转股价格进行累积调整，具体调整办法 如下： 送红股或转增股本：P ...

| 证券代码：002034 | 证券简称：旺能环境 | 公告编号：2025-55 | | --- | --- | --- | | 债券代码：128141 | 债券简称：旺能转债 | | 旺能环境股份有限公司 2024 年年度权益分派实施公告 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。 特别提示： 1、分红年度：2024年度 2、分配方案：分配总额固定 3、股权登记日：2025年7月10日；除权除息日：2025年7月11日 4、A股除权前总股本：433,984,137股；回购专户上已回购的股份数量： 9,366,000股 5、每10股派息（含税）：3.008441元；现金分红总额：127,743,865.80元；除 权后总股本：433,984,137股 6、按A股除权前总股本（含回购股份及其他不参与分红的股份）计算的每10股 派息（含税）：2.943514元 公司2024年年度权益分派方案已获2025年5月23日召开的2024年度股东大会审 议通过，现将权益分派事宜公告如下： 一、股东大会审议通过利润分配方案情况 1、公司2024年度股东大会审议通过了《20 ...

Core Viewpoint - The announcement details the status and adjustments of the convertible bonds issued by Wangneng Environment Co., Ltd., including the issuance, trading, conversion, and price adjustments of the bonds [1][2][3]. Group 1: Convertible Bond Issuance and Trading - The company issued 14 million convertible bonds with a total value of RMB 1.4 billion, each with a face value of RMB 100, approved by the China Securities Regulatory Commission on December 17, 2020 [1]. - The bonds were listed on the Shenzhen Stock Exchange on January 18, 2021, under the name "Wangneng Convertible Bonds" and the code "128141" [2]. Group 2: Conversion Period and Price Adjustments - The conversion period for the bonds started on June 23, 2021, and will end on December 16, 2026 [2]. - The conversion price has been adjusted multiple times: from RMB 16.47 to RMB 15.97 on May 31, 2021; from RMB 15.97 to RMB 15.67 on May 31, 2022; from RMB 15.67 to RMB 15.17 on June 1, 2023; from RMB 15.17 to RMB 14.97 on November 23, 2023; and will be adjusted to RMB 14.67 on June 6, 2024 [2][3]. Group 3: Current Status of Convertible Bonds - As of June 30, 2025, the remaining amount of the convertible bonds is RMB 1,157,591,900, equivalent to 11,575,919 bonds [4]. - The total number of shares has increased to 433,984,137, with specific changes in the number of shares held by executives and under incentive plans [5].

| 证券代码：002034 | 证券简称：旺能环境 | 公告编号：2025-54 | | --- | --- | --- | | 债券代码：128141 | 债券简称：旺能转债 | | 旺能环境股份有限公司 2025 年第二季度可转换公司债券转股情况公告 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。 特别提示： | 证券代码：002034 | | | | | | | | | | 证券简称：旺能环境 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 债券代码：128141 | | | | | | | | | | 债券简称：旺能转债 | | 转股价格：人民币 | | 14.47 | | 元/股 | | | | | | | | 转股期限：2021 | 年 | 6 | 月 | 23 | 日至 | 2026 | 年 | 12 | 月 日 | 16 | 根据《深圳证券交易所股票上市规则》、《深圳证券交易所可转换公司债券业 务实施细则》等有关规定，旺能环境股份有限公司（以下简称" ...

| 证券代码：002034 | 证券简称：旺能环境 | 公告编号：2025-52 | | --- | --- | --- | | 债券代码：128141 | 债券简称：旺能转债 | | 二、增持计划的进展情况 截至2025年6月30日，美欣达集团通过深圳证券交易所交易系统以集中竞价交易 方式累计增持公司股票3,306,756股，占公司目前总股本的0.76%，成交总金额为人 民币58,206,143元（不含交易费用等）。 公司控股股东美欣达集团有限公司保证向本公司提供的信息内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 一、计划增持主体的基本情况 旺能环境股份有限公司（以下简称"公司"）控股股东美欣达集团有限公司（以 下简称"美欣达集团"）基于对公司未来持续稳定发展的坚定信心及对公司长期投 资价值的认可，同时为了提振投资者信心，计划自2025年3月13日起6个月内（即2025 年3月13日至2025年9月12日），通过深圳证券交易所交易系统以集中竞价交易方式 增持公司股份，增持总金额不低于人民币1亿元，不超过人民币2亿元。本次增持 ...

| 证券代码：002034 | 证券简称：旺能环境 | 公告编号：2025-51 | | --- | --- | --- | | 债券代码：128141 | 债券简称：旺能转债 | | 旺能环境股份有限公司 关于回购股份的进展公告 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。 一、回购股份的基本情况 二、回购股份的进展情况 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等相关规定，上市公司在回购期间应当在每个月的前三个交 易日内披露截至上月末的回购进展情况。现将公司回购股份的进展情况公告如下： 截至 2025 年 6 月 30 日，公司通过回购专用证券账户以集中竞价交易方式累 计回购公司股份 9,366,000 股，占公司目前总股本的 2.16%，最高成交价为 20.20 旺能环境股份有限公司（以下简称"公司"）于 2024 年 11 月 26 日召开第 九届董事会第八次会议，审议通过《关于回购公司股份方案的议案》，同意公司 使用自有资金、专项贷款资金等合法资金以集中竞价交易方式回购部分公司已发 行的人民币普通股（A ...

| 证券代码：002034 | 证券简称：旺能环境 | 公告编号：2025-53 | | --- | --- | --- | | 债券代码：128141 | 债券简称：旺能转债 | | 旺能环境股份有限公司 旺能环境股份有限公司董事会 2025 年 7 月 2 日 1 关于权益分派期间"旺能转债"暂停转股的提示性公告 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。 特别提示： | 证券代码：002034 | | | | | | | | | 证券简称：旺能环境 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 债券代码：128141 | | | | | | | | | 债券简称：旺能转债 | | | | 转股起止时间：2021 | 年 | 6 | 月 | 23 | 日至 | 2026 | 年 | 12 | 月 | 16 | 日 | | 暂停转股时间：2025 | 年 | 7 | 月 | 3 | 日至 | 2024 | | | | | 年度权益分派股权 ...

Investment Rating - The report maintains a "Positive" investment rating for the environmental protection and testing sector [9] Core Insights - As of June 28, 2025, there are 23 convertible bonds listed in the environmental protection and testing sector, with a total issuance scale of approximately 233.9 billion yuan and a latest balance of 192.0 billion yuan. The sector features several low-price and low-premium convertible bonds, suggesting potential investment opportunities driven by profitability and conversion [2][4][20] - The report recommends focusing on convertible bonds such as Wei 22, Wei 24, Green Power, Yingfeng, Hongcheng, Wangneng, and Guojian, highlighting their potential for price appreciation due to underlying stock performance [6][30] Summary by Sections Convertible Bonds Overview - The environmental protection and testing sector has 23 convertible bonds currently trading, with a total remaining scale of 192 billion yuan. Among these, 1 bond is from a central enterprise, 3 from local state-owned enterprises, and 19 from private enterprises [4][20] - There is 1 convertible bond currently in the issuance application stage, with a scale of 4.93 billion yuan from Shengjian Technology [24] Issued and Delisted Convertible Bonds - As of June 28, 2025, 21 convertible bonds have been delisted from the environmental protection and testing sector, with a total issuance scale of 152.9 billion yuan. Five bonds were delisted in 2024, with an average time to maturity of 1.08 years [5][26] Investment Strategy - The report emphasizes two main drivers for investment: profitability and conversion. Profitability can be enhanced through capacity expansion and exploring new growth avenues, which may lead to stock price increases and higher conversion values. If the premium rate of convertible bonds remains stable or decreases slightly, their prices are expected to rise [30][32] - Conversion may be driven by increased capital expenditures for new projects or weakened cash flow from existing projects, potentially leading to adjustments in conversion prices and indirectly boosting bond prices [30][32] Financial Projections - The report includes financial forecasts for several companies in the sector, indicating expected growth in net profits and corresponding price-to-earnings (PE) ratios for the years 2024 to 2027 [31]