证券代码：002125 证券简称：湘潭电化 公告编号：2025-034 湘潭电化科技股份有限公司 向不特定对象发行可转换公司债券 网上发行中签率及优先配售结果公告 保荐人（主承销商）：财信证券股份有限公司 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 湘潭电化科技股份有限公司（以下简称"湘潭电化"、"公司"或"发行 人"）和财信证券股份有限公司（以下简称"财信证券"或"保荐人（主承销 商）"）根据《中华人民共和国证券法》《上市公司证券发行注册管理办法》 （证监会令〔第227号〕）、《证券发行与承销管理办法》（证监会令〔第228 号〕）、《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 （2025年修订）》（深证上〔2025〕223号）、《深圳证券交易所上市公司证 券发行与承销业务实施细则（2025年修订）》（深证上〔2025〕268号）和《 深圳证券交易所上市公司自律监管指南第1号——业务办理（2025年修订）》 （深证上〔2025〕396号）等相关规定组织实施向不特定对象发行可转换公司 债券（以下简称"可转债"或"电化转债"）。 本 ...

Group 1 - Banqiao Qiancheng signed a significant contract with Mango Film and Television for a total amount of 372 million yuan, accounting for 50.65% of the company's audited main business income for 2024 [1] - The contract allows Mango Film and Television to use the new media and traditional media broadcasting rights for related film and television works globally, positively impacting Banqiao Qiancheng's financial status and operating performance in 2025 and beyond [1] - Jingwei Huikai plans to sell its wholly-owned subsidiary Changsha Yushun for 112 million yuan, which will no longer be included in the consolidated financial statements after the transaction [1] Group 2 - Minsheng Health's subsidiary received a patent for a strain of lactic acid bacteria that significantly improves sarcopenic obesity, although it has not yet been applied to the company's products [2] - Dafu Technology intends to transfer 27% of its subsidiary Shenzhen Peitian Intelligent Manufacturing Equipment Co., Ltd. for 192 million yuan, maintaining a controlling stake post-transaction [3] - Feilong Co. received orders for high-power electronic water pumps for data centers from a well-known global power electronics provider [4] Group 3 - Yatai Co. was selected as a supplier for a foreign brand's EPB project, with a total sales amount of approximately 680 million yuan over a five-year lifecycle [5] - Gansu Energy's 1 million kilowatt wind-solar integrated project has received approval, representing over 10% of the company's installed capacity by the end of 2024 [6] - Jilin Aodong's subsidiary received approval for a drug supplement application for "Tang Le Capsule," used to treat symptoms related to diabetes [7] Group 4 - Shanshui Technology plans to invest 6 billion yuan in a new chemical materials project, expected to generate an annual output value of 8 billion yuan upon completion [8] - Dazhu CNC's H-share issuance application has been accepted by the China Securities Regulatory Commission [9] - Zhujiang Beer announced the resignation of its chairman due to retirement age, with a new chairman elected on the same day [10] Group 5 - Longkun Technology won a bid for a waste collection service project worth 21.57 million yuan, with a service period of one year [11] - Zhongnan Culture plans to provide financial support of up to 20 million yuan to its subsidiary for daily operational needs [12] - Shangfeng Cement's investment in a company applying for an IPO on the Sci-Tech Innovation Board has been accepted [13] Group 6 - Chuanheng Co. received a patent for a system and method for harmless treatment of phosphorus tailings [14] - Toukeng Life's seven medical device registration applications have been accepted, covering various diagnostic fields [15] - Xingqi Eye Medicine's clinical trial for a new eye gel has commenced with the first subject enrolled [16] Group 7 - Jiebang Technology plans to provide financial support of up to 60 million yuan to its subsidiary for operational needs [17] - Shenzhen Airport reported a passenger throughput of 5.54 million in May, a year-on-year increase of 15.67% [18] - Wan'an Technology received a cash dividend of 30 million yuan from its wholly-owned subsidiary [19] Group 8 - Jiuchuan Bio received a medical device registration certificate for a cystatin C assay kit [20] - Hongqiang Co. obtained a safety production license for its subsidiary, marking the official production of a new project [21] - Xiangtan Electric plans to issue convertible bonds totaling 487 million yuan [22] Group 9 - Guangwei Composite signed a supplementary material procurement contract worth 658 million yuan [23] - Jichuan Pharmaceutical announced a comprehensive tender offer starting June 18, with a price of 26.93 yuan per share [24] - Aerospace Rainbow plans to distribute cash dividends of 0.60 yuan per share [25] Group 10 - Industrial Bank plans to distribute cash dividends of 1.06 yuan per share, totaling 22.433 billion yuan [26] - China Automotive Research will repurchase and cancel 230,800 restricted shares due to the retirement of original incentive objects [27] - Annie Co. announced abnormal stock trading fluctuations but confirmed no significant changes in its operations [28] Group 11 - Giant Network confirmed no undisclosed significant matters following abnormal stock trading fluctuations [29]

Group 1: Report Industry Investment Rating - No information provided Group 2: Core Views of the Report - On June 12, Xiangtan Electrochemical issued an announcement to issue convertible bonds online on June 16, 2025, with a planned total issuance of no more than 487 million yuan. 485 million yuan is intended for the "Annual Production of 30,000 Tons of Spinel Lithium Manganese Oxide Battery Materials Project", and 2 million yuan is for supplementary working capital [1][12]. - The initial target price of the convertible bond on the first day is 134 - 139 yuan, and it is recommended to actively subscribe. The conversion premium rate on the first - day of listing is expected to be in the range of [32%, 37%] [3][18]. - The expected first - day new - bond lottery winning rate is around 0.0033% - 0.0036% [4][19]. Group 3: Summary by Directory 1. Electro - Chemical Convertible Bond New - Bond Analysis and Investment Recommendations 1.1 Convertible Bond Basic Terms Analysis - The issuance methods of Electro - Chemical Convertible Bond are priority placement and online issuance. The bond and entity ratings are AA. The issuance scale is 487 million yuan, the initial conversion price is 10.1 yuan, the convertible bond parity on June 12 is 101.39 yuan, the calculated pure bond value is 99.52 yuan. The downward revision clause is relatively strict, the redemption clause and the put - back clause are normal. The bond issuance scale is low, the liquidity is poor, the rating is acceptable, and the bond floor protection is good [2][14]. 1.2 New - Bond Initial Price Analysis after Listing - The company's main businesses are battery materials and sewage treatment. The main products and services include various types of EMD, lithium manganese oxide cathode materials, etc. The raised funds are mainly used for the "Annual Production of 30,000 Tons of Spinel Lithium Manganese Oxide Battery Materials Project", which can optimize the company's capital structure and enhance its competitiveness [3][17]. 1.3 Convertible Bond New - Bond Lottery Winning Rate Analysis - Assuming the old shareholders' placement ratio is 42% - 46%, the scale left for the market is 263 million - 282 million yuan. Assuming the online effective subscription number is 7.91 million households, the lottery winning rate is around 0.0033% - 0.0036% [4][19]. 2. Underlying Stock Fundamental Analysis 2.1 Company's Main Business and Industry Up - and Downstream Situations - The company's main businesses are battery materials and sewage treatment. The main upstream industries are manganese ore, sulfuric acid, etc. The supply of upstream manganese ore restricts the supply of electrolytic manganese dioxide, and the price of lithium carbonate affects the price of lithium manganese oxide. The main downstream industries are primary and secondary battery industries. The demand of the downstream battery industry is crucial for the development of the electrolytic manganese dioxide industry [20][21]. 2.2 Company's Operating Conditions - The company's recent operating income has shown small fluctuations. From 2022 to Q1 2025, the operating income was 2.1 billion yuan, 2.163 billion yuan, 1.912 billion yuan, and 418 million yuan respectively. The comprehensive gross profit margin has also shown small fluctuations. The recent period expenses have shown small fluctuations, and the R & D expenses have gradually increased. The accounts receivable have shown small fluctuations, and the accounts receivable turnover rate has been generally stable. The recent net profit attributable to the parent company has shown a downward trend [24][28][38]. 2.3 Company's Equity Structure and Main Subsidiaries - As of March 31, 2025, the company's equity structure is relatively concentrated. The top two shareholders hold 42.23% of the shares in total, and the top ten shareholders hold 46.13% of the shares in total. The company's direct controlling shareholder is Electro - Chemical Group, the indirect controlling shareholders are Zhenxiang State - owned Investment and Industrial Investment Group, and the actual controller is the State - owned Assets Supervision and Administration Commission of Xiangtan City. The company has 10 important wholly - owned subsidiaries and 3 affiliated companies [43]. 2.4 Company's Business Characteristics and Advantages - The company has scale operation advantages, continuous innovation advantages, industrial chain advantages, core team advantages, and franchise operation advantages [45]. 2.5 Allocation of Raised Funds - The company plans to issue convertible bonds to raise no more than 487 million yuan. 485 million yuan is for the "Annual Production of 30,000 Tons of Spinel Lithium Manganese Oxide Battery Materials Project", with a planned construction period of 24 months. Due to market volatility, no specific benefit calculation is made for this project [48].

Core Viewpoint - Xiangtan Electric Chemical Co., Ltd. is issuing convertible bonds to unspecified investors, with a focus on original shareholders for priority subscription before public offering [3][10][12]. Group 1: Issuance Details - The convertible bonds will be issued with a total amount of 4,870,000 bonds, each with a face value of 100 yuan, amounting to approximately 487 million yuan [10][12]. - Original shareholders can subscribe to the bonds based on their shareholding as of June 13, 2025, with a ratio of 0.007736 bonds per share [14]. - The subscription date for original shareholders is set for June 16, 2025, during which they must pay the full subscription amount [12][14]. Group 2: Subscription Process - The minimum subscription amount for public investors is set at 10 bonds (1,000 yuan), with a maximum limit of 10,000 bonds (1 million yuan) per account [15]. - Investors must ensure their accounts have sufficient funds by June 18, 2025, to cover their subscriptions, or they will be deemed to have forfeited their subscription [17]. - If the total subscription amount is less than 70% of the issuance, the issuer and underwriter may consider suspending the issuance [18]. Group 3: Underwriting and Risk Management - The underwriter, Caixin Securities, will underwrite any shortfall in subscriptions, with a maximum underwriting amount not exceeding 30% of the total issuance [19]. - If the underwriting exceeds this limit, an internal risk assessment will be conducted to determine the next steps [19]. - Investors who fail to fulfill their subscription obligations may face restrictions on future participation in similar offerings [17].

证券代码：002125 证券简称：湘潭电化 公告编号：2025-033 湘潭电化科技股份有限公司 向不特定对象发行可转换公司债券发行提示性公告 保荐人（主承销商）：财信证券股份有限公司 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 湘潭电化科技股份有限公司（以下简称"湘潭电化"、"公司"或"发行 人"）和财信证券股份有限公司（以下简称"财信证券"或"保荐人（主承销 商）"）根据《中华人民共和国证券法》《上市公司证券发行注册管理办法》 （证监会令〔第227号〕）、《证券发行与承销管理办法》（证监会令〔第228 号〕）、《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 （2025年修订）》（深证上〔2025〕223号）、《深圳证券交易所上市公司证 券发行与承销业务实施细则（2025年修订）》（深证上〔2025〕268号）和《 深圳证券交易所上市公司自律监管指南第1号——业务办理（2025年修订）》 （深证上〔2025〕396号）等相关规定组织实施向不特定对象发行可转换公司 债券（以下简称"可转债"或"电化转债"）。 本次发行的可转债向发行 ...

Core Viewpoint - Manganese-based cathode materials are gaining attention from major manufacturers like Tesla and BYD due to their advantages such as abundant manganese sources, low costs, and high voltage, positioning them as a breakthrough in power battery research [2] Company Overview - Xiangtan Electric Chemical Group has a strong foundation in manganese-based battery materials and has incubated and invested in Hunan Youneng, a leading global lithium iron phosphate company [2][6] - The company holds a 20% global market share in electrolytic manganese dioxide (EMD) for primary batteries and has achieved sustainable profitability, supporting its expansion into new industries [2][3] Market Demand and Trends - The demand for primary batteries is expected to maintain moderate growth, with stable overall demand for EMD and an anticipated increase in high-end demand [2][3] - In 2024, China's primary battery export volume is projected to reach 33.165 billion units, a year-on-year increase of 14.75%, with approximately two-thirds of production being exported [3] Industry Position - Xiangtan Electric Chemical is a leading player in the EMD industry, with over 30% domestic market share and around 20% global market share [3] - The company’s no-mercury alkaline EMD is recognized as a "national manufacturing single champion product," indicating its competitive edge in the market [3] Future Opportunities - The company is expanding into the lithium manganese oxide (LMO) sector, with a current annual production capacity of 40,000 tons and a market share expected to grow significantly [4][5] - LMO is anticipated to see a shipment volume of 115,000 tons in 2024, reflecting a year-on-year growth of 27.6%, with further increases projected in subsequent years [4] Strategic Initiatives - Xiangtan Electric Chemical plans to raise up to 487 million yuan to invest in a new project for 30,000 tons of spinel-type manganese oxide battery materials, enhancing its production capabilities [6][7] - The company has established strategic partnerships with major automotive manufacturers for the development of solid-state batteries, indicating a proactive approach to innovation [5][7] Governance and Support - The company benefits from the support of Hunan state-owned assets, which has enabled it to incubate successful ventures like Hunan Youneng, showcasing a model for innovation and growth [6][8] - The governance structure emphasizes the importance of diverse and synergistic shareholders, standardized operations, and incentivizing management and technical teams [8][9]

第九届监事会第六次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 湘潭电化科技股份有限公司（以下简称"公司"）第九届监事会第六次会议 通知于 2025 年 6 月 9 日以电话、微信等方式发出，会议于 2025 年 6 月 11 日以通 讯表决方式召开，应参加表决的监事 5 名，实际参加表决的监事 5 名。会议的召 开和表决程序符合《公司法》及《公司章程》的相关规定。 经与会监事审议，通过如下决议： 证券代码：002125 证券简称：湘潭电化 公告编号：2025-029 湘潭电化科技股份有限公司 一、通过《关于进一步明确公司向不特定对象发行可转换公司债券方案的议 案》； 公司已取得中国证券监督管理委员会（以下简称"中国证监会"）出具的《关 于同意湘潭电化科技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〔2025〕908 号），同意公司向不特定对象发行可转换公司债券（以 下简称"本次发行可转债"）的注册申请。根据公司 2023 年第二次临时股东大会、 2024 年第一次临时股东大会的授权，公司董事会根据相关法律法规要求，结合公 ...

证券代码：002125 证券简称：湘潭电化 公告编号：2025-028 湘潭电化科技股份有限公司 第九届董事会第七次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 湘潭电化科技股份有限公司（以下简称"公司"）第九届董事会第七次会议 通知于 2025 年 6 月 9 日以电话、微信等方式送达公司各位董事,会议于 2025 年 6 月 11 日以通讯表决方式召开，会议应参加董事 9 名，实际参加董事 9 名，会议的 召开和表决程序符合《公司法》及《公司章程》的有关规定，经过审议并表决， 通过如下决议： 一、通过《关于进一步明确公司向不特定对象发行可转换公司债券方案的议 案》； 公司已取得中国证券监督管理委员会（以下简称"中国证监会"）出具的《关 于同意湘潭电化科技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〔2025〕908 号），同意公司向不特定对象发行可转换公司债券（以 下简称"本次发行可转债"）的注册申请。根据公司 2023 年第二次临时股东大会、 2024 年第一次临时股东大会的授权，公司董事会根据相关法律法规要求，结合 ...

证券代码：002125 证券简称：湘潭电化 公告编号：2025-030 湘潭电化科技股份有限公司 向不特定对象发行可转换公司债券募集说明书提示性公告 保荐人（主承销商）：财信证券股份有限公司 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： 湘潭电化科技股份有限公司（以下简称"湘潭电化"、"公司"或"发行人"） 向不特定对象发行48,700.00万元可转换公司债券（以下简称"本次发行"或"本 次可转债"）已获得中国证券监督管理委员会证监许可〔2025〕908号文同意注册。 本次发行的可转债将向发行人在股权登记日（2025年6月13日，T-1日）收市后 中国证券登记结算有限责任公司深圳分公司（以下简称"中国结算深圳分公司"） 登记在册的原股东优先配售，原股东优先配售后余额部分（含原股东放弃优先配售 部分）通过深圳证券交易所（以下简称"深交所"）交易系统网上向社会公众投资 者发行。 本次向不特定对象发行的可转换公司债券募集说明书全文及相关资料可在巨潮 资讯网（www.cninfo.com.cn）查询。 一、本次发行基本情况 （一）本次发行证券的种类及上市 ...

证券代码：002125 证券简称：湘潭电化 公告编号：2025-031 湘潭电化科技股份有限公司 向不特定对象发行可转换公司债券发行公告 保荐人（主承销商）：财信证券股份有限公司 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 湘潭电化科技股份有限公司（以下简称"湘潭电化"、"公司"或"发行人" ）和财信证券股份有限公司（以下简称"财信证券"或"保荐人（主承销商）"） 根据《中华人民共和国证券法》《上市公司证券发行注册管理办法》（证监会令 〔第227号〕）、《证券发行与承销管理办法》（证监会令〔第228号〕）、《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（2025年修订）》 （深证上〔2025〕223号）、《深圳证券交易所上市公司证券发行与承销业务实 施细则（2025年修订）》（深证上〔2025〕268号）和《深圳证券交易所上市公 司自律监管指南第1号——业务办理（2025年修订）》（深证上〔2025〕396号） 等相关规定组织实施向不特定对象发行可转换公司债券（以下简称"可转债"或 "电化转债"）。 本次发行的可转债向发行人在股 ...