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 ...

| 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 股前的市场价格存在较大差异，特提醒持有人注意在限期内转股。投资者如未 及时转股，可能面临损失，敬请投资者注意投资风险。 浙江海亮股份有限公司（以 ...

Company Overview - Hailiang Co., Ltd. is located in Hangzhou, Zhejiang Province, and was established on October 29, 2001. The company was listed on January 16, 2008. Its main business involves the research, production, and sales of copper pipes, copper rods, copper fittings, copper-aluminum composite conductors, and aluminum profiles [1][2]. Financial Performance - As of June 30, 2025, Hailiang Co. achieved a revenue of 44.534 billion yuan, representing a year-on-year growth of 1.14%. The net profit attributable to shareholders was 711 million yuan, reflecting a year-on-year increase of 15.03% [2]. - The company has cumulatively distributed 2.265 billion yuan in dividends since its A-share listing, with 844 million yuan distributed over the past three years [3]. Stock Performance - On September 15, Hailiang Co.'s stock price decreased by 2.04%, trading at 12.48 yuan per share, with a total market capitalization of 27.435 billion yuan. The stock has increased by 17.99% year-to-date, with a 3.48% rise over the last five trading days, a 6.02% decline over the last 20 days, and a 28.97% increase over the last 60 days [1]. - The company has appeared on the "龙虎榜" (a list of stocks with significant trading activity) once this year, with the most recent appearance on August 4 [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Hailiang Co. was 16,700, a decrease of 16.55% from the previous period. The average number of circulating shares per person increased by 20.01% to 115,906 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 23.7841 million shares, an increase of 2.3802 million shares from the previous period. Southern CSI 500 ETF is a new entrant in the top ten, holding 17.804 million shares [3].

Summary of Conference Call Records Industry Overview: Non-Ferrous Metals - The non-ferrous metals sector is benefiting from the global macro cycle, with U.S. interest rate cuts and Trump-era policies releasing liquidity, driving resource prices into an upward cycle [1][2] - The anticipated interest rate cuts in Q4 2025 and the increase in the U.S. debt ceiling are expected to have significant impacts on the sector [1][2] Key Insights on Gold Stocks - Gold stocks have shown high certainty in the current market, experiencing a 20% pullback despite gold price fluctuations [4] - Historical data indicates that prior to price increases, gold stocks typically see a rise in both EPS and PE [4] - The average gold price in 2025 is projected to be significantly higher than in 2024, suggesting strong performance for companies like Shandong Gold, Chifeng Jilong Gold, and Zhongjin Gold [4] Electrolytic Aluminum Sector - The supply of electrolytic aluminum is constrained, with actual new capacity in early 2025 expected to be around 500,000 to 600,000 tons, lower than the anticipated 1 million tons [5] - Global PMI recovery is expected to gradually restore demand for electrolytic aluminum, with price expectations increasing [5] - The sector's valuation is at historical lows, with mainstream stocks valued at less than 10 times earnings, indicating significant room for recovery [6] Copper Sector Outlook - The copper sector presents investment opportunities driven by financial and industrial attributes, with expectations of price increases due to U.S. interest rate cuts and improved demand from China [7][8] - Supply disruptions from global mining events are contributing to a tightening supply situation, while demand is expected to grow due to macroeconomic factors [7][8] Tungsten Market Dynamics - The rise in tungsten prices is driven by supply contraction, export controls, and its strategic importance [3][9] - China's tungsten product exports have significantly decreased, leading to shortages in overseas markets [10] - The impact of export quotas on prices is critical, with expectations of a potential price increase if the second batch of quotas is reduced [12] Companies to Watch - Recommended companies include Shandong Gold, Chifeng Jilong Gold, Zhongjin Gold, Xiamen Tungsten, China Tungsten High-Tech, and Anyuan Coal Industry, which are seen as having investment potential in the current market environment [4][14]

证券日报网讯 9月12日晚间，海亮股份发布公告称，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，建议在停 止转股日前解除质押或冻结，以免出现因无法转股而被赎回的情形。 （文章来源：证券日报） ...

| 证券代码：002203 | 证券简称：海亮股份 | 公告编号：2025-085 | | --- | --- | --- | | 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"的第十四次提示性公告 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 浙江海亮股份有限公 ...