浙江海亮股份有限公司 关于控股股东及一致行动人持股比例被动稀释触及 1%整数倍的 公告 | 证券代码：002203 | 证券简称：海亮股份 | 公告编号：2025-077 | | --- | --- | --- | | 债券代码：128081 | 债券简称：海亮转债 | | | 是否为第一大股东或实际控制人 | 是√ 否□ | | | | | --- | --- | --- | --- | --- | | 2．本次权益变动情况 | | | | | | 股份种类（A 股、B 股 | 增持/减持/其他变动股数（万股） | | 增持/减持/其他变动比例 | | | 等） | | | （%） | | | A 股 | 海亮集团持股数量未发生变化，持股 | | 0.8114（被动稀释） | | | 数为 | 611,821,334 股。 | | | | | A 股 | 冯海良持股数量未发生变化，持股数 | | 0.0794（被动稀释） | | | 为 | 59,840,466 股。 | | | | | A 股 | 冯橹铭持股数量未发生变化，持股数 | | | | | 为 | 18,883,900 股。 | | 0.025 ...

Core Viewpoint - Hailiang Co., Ltd. reported a significant improvement in its performance for the first half of the year, with a net profit attributable to shareholders of 711 million yuan, representing a year-on-year increase of 15.03% [1] Financial Performance - The company achieved a sales volume of 526,200 tons for copper processing products, marking a year-on-year growth of 3.79% [1] - Copper foil sales reached 24,400 tons, with a remarkable year-on-year increase of 72.33% [1] - Copper busbar sales amounted to 23,500 tons, reflecting a year-on-year growth of 33.44% [1] - The overall revenue from the copper processing segment was 34.07 billion yuan, up 13.59% year-on-year [1] Capacity and Investment - Currently, the company has 30,000 tons of production capacity in operation [1] - An additional 60,000 tons of capacity is under construction, with an investment amount of 1.15 billion yuan; 1.09 billion yuan has already been invested [1] - The new capacity is expected to be operational soon, with North American production anticipated to ramp up gradually from the second half of 2025 to 2026 [1] Market Position and Valuation - The company is recognized as the largest copper tube and rod processing enterprise globally, benefiting from economies of scale and strong operational quality [1] - The copper tube business is expected to benefit directly from changes in North American tariff policies [1] - The current valuation of the company is considered undervalued, and a "buy" rating is maintained based on the ongoing progress in production and the copper foil segment [1]

| 证券代码：002203 | 证券简称：海亮股份 | 公告编号：2025-076 | | --- | --- | --- | | 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 （二）可转债上市情况 8. 投资者赎回款到账日：2025 年 10 月 14 日 ...

Core Viewpoint - The signing of a strategic cooperation agreement between the Guizhou Qianan Prefecture Guiding County People's Government and Hailiang Education Technology Service Group aims to enhance the quality of education in Guiding County, establishing a model for rural education revitalization [1][3][6]. Group 1: Cooperation Details - The cooperation will focus on two schools: Guiding County Shuren Middle School and Guiding County No. 2 Middle School, implementing a three-year deep educational collaboration [3]. - The reform will encompass five dimensions: school management, innovative talent cultivation, teaching and research, teacher development, and student development [3]. - Hailiang Group will leverage its educational resources and management experience to improve the quality of education in Guiding County [5][7]. Group 2: Local Government Support - The local government emphasizes the importance of integrating high-quality teaching resources and advanced educational concepts to meet the rising educational demands of the area [6]. - The county government has committed to providing comprehensive support to ensure the project is implemented effectively and yields early results [6]. - The cooperation is part of a broader strategic framework involving Hailiang Group and Qianan Prefecture, promoting a collaborative model across the region [6][7]. Group 3: Educational Context - Guiding County covers an area of 1,631 square kilometers and has a GDP of 13.964 billion yuan in 2024, with a growth rate of 4.2% [9]. - The county has significant transportation advantages, being only 10 kilometers from Guiyang and having multiple highways and railway stations [6][9]. - Guiding County Shuren Middle School has received several educational quality awards, indicating its commitment to excellence in education [9].

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 "Hailiang Convertible Bonds" is 101.710 yuan per bond, which includes accrued interest calculated at a 2.00% annual interest rate [2][13][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]. Group 3: Conversion Price Adjustments - The initial conversion price was set at 9.83 yuan per share, which has been adjusted multiple times due to annual equity distributions, with the latest adjustment bringing it to 9.20 yuan per share as of July 4, 2025 [6][8][9].

Core Viewpoint - Zhejiang Hailiang Co., Ltd. has announced the early redemption of its convertible bonds, "Hailiang Convertible Bonds," due to the stock price meeting the necessary conditions for redemption [2][6]. Group 1: Convertible Bond Overview - The total issuance of the convertible bonds is 3.15 billion yuan, with a term of six years [2]. - The initial conversion price was set at 9.83 yuan per share, which has been adjusted multiple times, currently standing at 9.20 yuan per share as of July 4, 2025 [2][5]. Group 2: Redemption Conditions - The redemption was triggered as the stock price was above 130% of the conversion price for 15 consecutive trading days [6]. - The redemption price is set at 101.710 yuan per bond, which includes accrued interest [7]. Group 3: Redemption Process - The redemption will be executed on September 29, 2025, with the last trading day for the bonds being September 26, 2025 [8]. - Holders of the bonds must process their conversion through the securities company that holds their bonds [9].

Core Points - 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 [2] - Following the redemption, the "Hailiang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [2] - Bondholders are advised to lift any pledges or freezes on their "Hailiang Convertible Bonds" before the conversion deadline to avoid being forced to redeem [2] - Investors who fail to convert in time may face potential losses [2]

Core Insights - Company reported a total operating revenue of 44.534 billion yuan, ranking 9th among disclosed peers, with a year-on-year increase of 1.14% [1] - Net profit attributable to shareholders reached 711 million yuan, ranking 16th among peers, reflecting a year-on-year increase of 15.03% [1] - Operating cash flow showed a net outflow of 1.173 billion yuan, an improvement of 3.036 billion yuan compared to the same period last year [1] Financial Metrics - Latest gross margin stands at 3.73%, up 0.03 percentage points from the previous quarter, marking three consecutive quarters of increase [2] - Return on equity (ROE) is 4.99%, ranking 28th among peers, with a year-on-year increase of 0.65 percentage points [2] - Diluted earnings per share (EPS) is 0.36 yuan, ranking 19th among peers, with a year-on-year increase of 16.13% [2] - Total asset turnover ratio is 0.97 times, ranking 12th among peers [2] - Inventory turnover ratio is 4.59 times, ranking 17th among peers [2] Shareholder Structure - The number of shareholders is 16,700, with the top ten shareholders holding 1.138 billion shares, accounting for 56.84% of total equity [2] - Major shareholders include Hai Liang Group Co., Ltd. with 30.5%, Z&P Enterprises LLC with 10.6%, and Zhejiang Jiaxing Charity Foundation with 3.05% [2] Debt Metrics - The latest debt-to-asset ratio is 64.59% [3]

| 证券代码：002203 | 证券简称：海亮股份 | 公告编号：2025-075 | | --- | --- | --- | | 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 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"海亮转债" 将被强制赎回。本次赎回完成后，"海亮转债"将在深圳证券交易所摘牌，特 提醒"海亮转债"债券持有人注意在限期内转股。债券持有人持有的"海亮转 债"如存在被质押或被冻结的，建议在 ...

Group 1 - On September 1, Hailiang Co., Ltd. executed a block trade of 625,800 shares, with a transaction value of 7.5784 million yuan, accounting for 1.21% of the total transaction volume for the day [1][2] - The transaction price was 12.11 yuan, which was consistent with the market closing price of 12.11 yuan [1][2]