Core Viewpoint - Hailiang Co., Ltd. (002203.SZ) is focusing on continuous innovation in advanced copper foil technology, achieving industry-leading indicators in ultra-thin and high-resistance copper foils, with new nickel-plated copper foil products suitable for solid-state batteries ready for mass production and receiving positive feedback from leading battery companies [1] Group 1: Product Development - The company has made breakthroughs in high-end copper foil products such as RTF and HVLP, with expected sales of over 2,000 tons in the first half of 2025 [1] - New types of copper foil products, including nickel-plated copper foil for solid-state batteries, have been developed and are ready for mass production [1] Group 2: Market Demand and Growth - The demand for copper-based materials for cooling applications is expected to surge due to the explosive growth in global computing power and AI economy, with a more than 100% increase in order volume compared to the same period last year [1] - The company has established long-term partnerships with leading cooling enterprises in the US, China, and Taiwan, which are driving the demand for its products [1] Group 3: Product Offerings - The company provides a variety of products for data centers and AI computing fields, including self-developed heat pipe materials, oxygen-free copper, and customized copper bars [1]

Core Viewpoint - Hailiang Co., Ltd. (002203.SZ) is focusing on continuous innovation in advanced copper foil technology, achieving industry-leading indicators in ultra-thin and high-resistance copper foils, particularly for lithium batteries [1] Group 1: Product Development - The company has developed new copper foil products, including nickel-plated copper foil suitable for solid-state batteries, which are now ready for mass production and have received positive feedback from leading battery manufacturers [1] - Breakthroughs have been made in high-end copper foil products such as RTF and HVLP, with expected sales of over 2,000 tons in the first half of 2025 [1] Group 2: Market Demand - The demand for copper-based materials for heat dissipation is expected to surge in 2025 due to the explosive growth of global computing power and AI economy, with the company's order volume in the first half of the year increasing by over 100% compared to the same period last year [1] - The company is providing a variety of products, including self-developed heat pipe materials, oxygen-free copper, and custom-shaped copper bars, particularly in the data center and AI computing sectors [1]

Group 1: Company Overview and Development - Zhejiang Hailiang Co., Ltd. has a strong focus on innovation in copper foil products, particularly for the new energy sector and 5G communication PCB applications [1] - The company has achieved industry-leading technical indicators in lithium battery copper foil, including nickel-plated copper foil for solid-state batteries, which is now ready for mass production [1] Group 2: Product Development and Market Demand - In the first half of 2025, the company sold over 2,000 tons of high-end copper foil products, driven by the surge in demand for RTF and HVLP copper foils [2] - The company has established supply agreements with five of the top ten global power battery customers and two of the top three 3C digital customers, set to commence in 2026 [2] Group 3: Regional Market Performance - The Southeast Asia market, particularly India, has shown significant growth potential due to urbanization and infrastructure development, increasing demand for copper pipes and fittings [4] - Hailiang's operations in Vietnam and Thailand reported revenue growth of 13% and 25% respectively in the first half of 2025, indicating a positive regional development trend [5] Group 4: Production Capacity and Future Outlook - The Texas facility's production capacity increased to 50,000 tons by August 2025, with expectations to reach 90,000 tons by the end of 2025 [3] - The company plans to enhance production of high-value-added products and expand its product lines in response to market demands [4]

| 证券代码：002203 | 证券简称：海亮股份 | 公告编号：2025-088 | | --- | --- | --- | | 债券代码：128081 | 债券简称：海亮转债 | | 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. "海亮转债" 赎回价格：101.710 元/张（含当期应计利息，当期年利 率为 2.00%，且当期利息含税），扣税后的赎回价格以中国证券登记结算有限责 任公司深圳分公司（以下简称"中登公司"）核准的价格为准。 2. 赎回条件满足日：2025 年 8 月 25 日 3. "海亮转债"停止交易日：2025 年 9 月 24 日 4. "海亮转债"赎回登记日：2025 年 9 月 26 日 5. "海亮转债"停止转股日：2025 年 9 月 29 日 6. "海亮转债"赎回日：2025 年 9 月 29 日 浙江海亮股份有限公司 关于提前赎回"海亮转债"的第十七次提示性公告 一、可转换公司债券基本情况 （一）可转债发行情况 7. 发行人（公司）资金到账日：2025 年 10 月 10 日 8. 投资者赎回款到账日：2 ...

Market Overview - On September 17, the industrial metals sector rose by 0.21% compared to the previous trading day, with Electric Alloy leading the gains [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Top Gainers in Industrial Metals - Electric Alloy (300697) closed at 19.49, up 11.88% with a trading volume of 721,400 shares and a transaction value of 1.317 billion yuan [1] - Yiqiu Resources (601388) closed at 3.26, up 10.14% with a trading volume of 2,584,200 shares and a transaction value of 814 million yuan [1] - Liyuan Co. (002501) closed at 2.74, up 10.04% with a trading volume of 1,663,200 shares and a transaction value of 439 million yuan [1] - Northern Copper (000737) closed at 15.25, up 10.03% with a trading volume of 2,801,700 shares and a transaction value of 4.067 billion yuan [1] - Other notable gainers include Yian Technology (300328) and Wanshun New Materials (300057) with increases of 8.14% and 7.85% respectively [1] Top Losers in Industrial Metals - Xingye Silver Tin (000426) closed at 25.00, down 4.58% with a trading volume of 620,700 shares and a transaction value of 1.559 billion yuan [2] - Shengda Resources (000603) closed at 21.20, down 3.37% with a trading volume of 323,700 shares and a transaction value of 685 million yuan [2] - Hailiang Co. (002203) closed at 12.21, down 3.17% with a trading volume of 443,300 shares and a transaction value of 546 million yuan [2] Capital Flow Analysis - On the same day, the industrial metals sector experienced a net outflow of 653 million yuan from institutional investors, while retail investors saw a net inflow of 740 million yuan [2] - The capital flow data indicates that Northern Copper (000737) had a net inflow of 48.216 million yuan from institutional investors, while it faced a net outflow of 191 million yuan from speculative funds [3] - Yiqiu Resources (601388) and Liyuan Co. (002501) also showed significant net outflows from speculative funds, indicating a shift in investor sentiment [3]

Core Viewpoint - Zhejiang Hailiang Co., Ltd. has announced the early redemption of its convertible bonds, "Hailiang Convertible Bonds," due to the fulfillment of redemption conditions based on the company's stock performance [2][9]. Summary by Sections Convertible Bond Basic Information - The company issued 31.50 billion yuan worth of convertible bonds on November 21, 2019, with a maturity of six years [3][4]. - The initial conversion price was set at 9.83 yuan per share, which has been adjusted multiple times due to annual profit distribution [5][6][7][8]. Redemption Conditions - The redemption conditions were triggered as the stock price exceeded 130% of the current conversion price for 15 trading days [8][9]. - The board of directors approved the early redemption on August 25, 2025, based on current market conditions [2][9]. Redemption Implementation Arrangements - The redemption price is set at 101.710 yuan per bond, including accrued interest [13][14]. - The redemption process includes specific dates for trading suspension, redemption registration, and payment to bondholders [17][18]. Other Relevant Information - The company will provide daily announcements regarding the redemption until the redemption date [17]. - Bondholders must handle conversion through their respective securities companies, and the minimum conversion unit is one bond [20].

Core Viewpoint - Hailiang Co., Ltd. announced that the "Hailiang Convertible Bonds" will be forcibly redeemed if not converted by the close of trading on September 26, 2025, leading to their delisting from the Shenzhen Stock Exchange [1] Group 1 - The company has issued a reminder to bondholders to convert their bonds before the deadline to avoid forced redemption [1] - Bondholders with pledged or frozen "Hailiang Convertible Bonds" are advised to解除质押 or freeze before the conversion deadline to prevent issues with redemption [1]

| 证券代码：002203 | 证券简称：海亮股份 | 公告编号：2025-087 | | --- | --- | --- | | 债券代码：128081 | 债券简称：海亮转债 | | 浙江海亮股份有限公司 关于提前赎回"海亮转债"的第十六次提示性公告 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： 1. "海亮转债" 赎回价格：101.710 元/张（含当期应计利息，当期年利 率为 2.00%，且当期利息含税），扣税后的赎回价格以中国证券登记结算有限责 任公司深圳分公司（以下简称"中登公司"）核准的价格为准。 2. 赎回条件满足日：2025 年 8 月 25 日 3. "海亮转债"停止交易日：2025 年 9 月 24 日 4. "海亮转债"赎回登记日：2025 年 9 月 26 日 5. "海亮转债"停止转股日：2025 年 9 月 29 日 6. "海亮转债"赎回日：2025 年 9 月 29 日 7. 发行人（公司）资金到账日：2025 年 10 月 10 日 8. 投资者赎回款到账日：2025 年 10 月 14 日 9. 赎回类别：全 ...

Core Viewpoint - Zhejiang Hailiang Co., Ltd. has decided to exercise its early redemption rights for the "Hailiang Convertible Bonds" due to the current market conditions and the company's situation, with the redemption price set at 101.710 yuan per bond, including accrued interest [4][10][13]. Group 1: Bond Redemption Details - The redemption price for the "Hailiang Convertible Bonds" is 101.710 yuan per bond, which includes accrued interest calculated at a 2.00% annual rate [2][14]. - The redemption conditions are met as the company's stock price has been above 130% of the current conversion price for 15 trading days [10][11]. - The redemption will occur on September 29, 2025, with the last trading day being September 24, 2025 [3][19]. Group 2: Bond Issuance and Trading Information - The "Hailiang Convertible Bonds" were issued on November 21, 2019, with a total issuance of 315 million bonds, amounting to 3.15 billion yuan [4]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting December 16, 2019, under the code "128081" [4]. - The initial conversion price was set at 9.83 yuan per share, which has been adjusted multiple times due to annual profit distributions [6][8][9]. Group 3: Conversion and Redemption Procedures - The conversion period for the bonds started on May 27, 2020, and will end on November 21, 2025 [6]. - Investors must apply for conversion through the securities company that holds their bonds, with a minimum conversion unit of one bond [21]. - The company will announce the redemption details daily leading up to the redemption date [17].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002203 证券简称：海亮股份 公告编号：2025-086 债券代码：128081 债券简称：海亮转债 浙江海亮股份有限公司 关于提前赎回"海亮转债"的第十五次提示性公告 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： 1."海亮转债" 赎回价格：101.710元/张（含当期应计利息，当期年利率为2.00%，且当期利息含税），扣 税后的赎回价格以中国证券登记结算有限责任公司深圳分公司（以下简称"中登公司"）核准的价格为 准。 2.赎回条件满足日：2025年8月25日 3."海亮转债"停止交易日：2025年9月24日 4."海亮转债"赎回登记日：2025年9月26日 5."海亮转债"停止转股日：2025年9月29日 6."海亮转债"赎回日：2025年9月29日 7.发行人（公司）资金到账日：2025年10月10日 8.投资者赎回款到账日：2025年10月14日 9.赎回类别：全部赎回 10.最后一个交易日可转债简称：Z亮转债 11.根据安排，截至2025年9月26日收市后仍未转股的"海亮转 ...