| 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2025-083 | | --- | --- | --- | | 债券代码：127086 | 债券简称：恒邦转债 | | 山东恒邦冶炼股份有限公司 关于"恒邦转债"转股数额累计达到 转股前公司已发行股份总额 10%的公告 本公司及董事会全体成员保证信息披露内容的真实、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.转股情况：截至 2025 年 10 月 23 日收盘，山东恒邦冶炼股份有限公司（以下 简称"公司"）"恒邦转债"累计转股数量为 126,710,897 股，占"恒邦转债"开 始转股前公司已发行股份总额 1,148,014,400 股的 11.04%。 2.未转股情况：截至 2025 年 10 月 23 日收盘，公司尚有 17,420,614 张"恒邦 转债"未转股，占公司可转换公司债券（以下简称"可转债"）发行总量 3,160 万 张的 55.13%。 一、可转债基本情况 （一）可转债发行情况 经中国证券监督管理委员会《关于同意山东恒邦冶炼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〔2023 ...

Core Insights - Hengbang Co., Ltd. reported a significant increase in revenue and net profit for the first three quarters of 2025, with total revenue reaching 76.44 billion yuan, a year-on-year growth of 31.44%, and a net profit attributable to shareholders of 562 million yuan, up 20.89% [1] - The company’s third-quarter performance was particularly strong, with revenue of 33.39 billion yuan, reflecting a 94.26% increase year-on-year, and a net profit of 253 million yuan, which is a 52.08% increase [1] - Hengbang's core business is focused on precious metal smelting, including gold, silver, and electrolytic copper, while also exploring value enhancement through technological innovation and resource efficiency [1] Business Model and Strategy - Hengbang operates on a business model of "purchased raw materials + smelting processing," leveraging its core technological advantages in precious metal smelting and comprehensive recovery [1] - The company is actively extending its industrial chain and diversifying its business through technological innovations aimed at efficient resource utilization [1] - The smelting of precious metals and multi-element materials allows for the efficient recovery of valuable elements, contributing significantly to the company's profit growth [1] Market Trends and Opportunities - Hengbang's expansion into the rare metal sector aligns with global industrial development trends and domestic policy directions, presenting significant growth opportunities [2] - The accelerating global energy transition and the booming semiconductor industry are increasing the strategic importance of rare metals, leading to rising market demand [2] - Recent export controls on tungsten, tellurium, bismuth, molybdenum, and indium by the Chinese government highlight the importance of rare metals as strategic resources, which will enhance the domestic rare metal industry chain [2] Financial Performance in Rare Metals - As of the third quarter, the price of domestic refined bismuth surged from 73,600 yuan per ton to 129,100 yuan per ton, marking a 75.41% increase, while antimony prices rose from 140,000 yuan per ton to 174,900 yuan per ton, a 24.93% increase [2] - The profitability of Hengbang's rare metal business has significantly improved, with revenue from this segment reaching 447 million yuan in the first half of 2025 and a gross margin of 47.82%, substantially higher than traditional smelting operations [2]

Core Viewpoint - Hengbang Co., Ltd. reported significant revenue and profit growth in Q3 2025, driven by increased sales volume and prices of key products, alongside investment gains from equity reduction in a subsidiary [1][2] Financial Performance - For the first three quarters of 2025, Hengbang achieved total revenue of 76.444 billion yuan, a year-on-year increase of 31.44% - The net profit attributable to shareholders reached 562 million yuan, up 20.89% - In Q3 alone, revenue was 33.394 billion yuan, reflecting a remarkable year-on-year growth of 94.26% - The net profit for Q3 was 253 million yuan, a 52.08% increase, with non-recurring net profit soaring by 128.07% [1] Business Operations - Hengbang primarily engages in gold mining, precious metal smelting, high-tech material R&D and production, and international trade - The company is among the top ten smelting enterprises in China, focusing on the comprehensive recovery of precious metals and other valuable elements [1] Market Dynamics - The company benefited from rising gold prices and an overall upturn in the non-ferrous metal industry, which significantly contributed to revenue growth - The strategic focus on rare metals has created a competitive advantage for Hengbang [1][2] Rare Metals Segment - In 2023, the prices of rare metals surged due to export controls on tungsten and tellurium, with domestic bismuth prices increasing by 75.41% in Q3 and antimony prices rising by 24.93% year-to-date - The gross profit margin for rare metals business reached 47.82%, significantly higher than traditional smelting operations, becoming an important profit supplement [2] Strategic Initiatives - Hengbang announced a collaboration with Shenzhen Jiang Copper Financing Leasing Co., Ltd. to engage in financing leasing, with a total financing amount not exceeding 200 million yuan over a 24-month period - This initiative aims to optimize the debt structure, alleviate liquidity pressure, and enhance the company's market competitiveness [2]

Core Viewpoint - Shandong Hengbang Smelting Co., Ltd. reported strong performance in Q3 2025, with significant increases in both revenue and net profit, driven by high gold prices and increased sales volume [1][2]. Financial Performance - In Q3 2025, the company achieved revenue of 33.394 billion yuan, a year-on-year increase of 94.26% [1]. - The net profit attributable to shareholders was 253 million yuan, reflecting a year-on-year growth of 52.08% [1]. - For the first three quarters of the year, total revenue reached 76.444 billion yuan, up 31.44% year-on-year, while net profit was 562 million yuan, a 20.89% increase [1]. Business Strategy and Developments - The company is focusing on industrial chain collaboration and resource integration, expanding into rare metals and high-purity metal materials for semiconductor applications [2]. - The ongoing conversion of "Hengbang Convertible Bonds" is expected to strengthen the company's capital base, allowing it to better seize industry opportunities amid high gold prices [2]. - Hengbang plans to collaborate with Shenzhen Jiang Copper Financing Leasing Co., Ltd. for financing leasing, with a total financing amount not exceeding 200 million yuan over a 24-month period [2].

证券日报网讯 10月23日晚间，恒邦股份发布公告称，2025年10月23日，公司第九届董事会第三十五次 会议以4票同意、0票反对、0票弃权的表决结果审议通过了《关于公司开展融资租赁暨关联交易的议 案》。 （编辑 楚丽君） ...

Core Viewpoint - Hengbang Co., Ltd. reported a significant increase in revenue and net profit for the first three quarters of 2025, indicating strong business performance [1] Financial Performance - The company achieved an operating revenue of 76.444 billion yuan, representing a year-on-year growth of 31.44% [1] - The net profit attributable to shareholders reached 562 million yuan, with a year-on-year increase of 20.89% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 592 million yuan, showing a year-on-year decline of 6.16% [1]

每经头条（nbdtoutiao）——四次登上央视，知名大佬"消失"5年，我们在水果仓库找到了他！从月薪 5000到千亿市值公司联席总裁，他45岁再创业 （记者 王晓波） 每经AI快讯，恒邦股份（SZ 002237，收盘价：13.01元）10月23日晚间发布三季度业绩公告称，2025年 前三季度营收约764.44亿元，同比增加31.44%；归属于上市公司股东的净利润约5.62亿元，同比增加 20.89%；基本每股收益0.49元，同比增加22.5%。 截至发稿，恒邦股份市值为149亿元。 ...

格隆汇10月23日丨恒邦股份(002237.SZ)公布，2025年前三季度公司实现营业收入764.44亿元，同比 增长31.44%；归属于上市公司股东的净利润5.62亿元，同比增长20.89%。基本每股收益0.49元。 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com ...

Core Insights - Hengbang Co., Ltd. reported a significant increase in revenue and net profit for Q3 2025, with revenue reaching 33.394 billion yuan, a year-on-year growth of 94.26% [1] - The company's net profit attributable to shareholders for Q3 was 253 million yuan, reflecting a year-on-year increase of 52.08% [1] - For the first three quarters of 2025, Hengbang Co., Ltd. achieved a total revenue of 76.444 billion yuan, marking a year-on-year growth of 31.44% [1] - The net profit attributable to shareholders for the first three quarters was 562 million yuan, which is a year-on-year increase of 20.89% [1]

| 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2025-082 | | --- | --- | --- | | 债券代码：127086 | 债券简称：恒邦转债 | | 山东恒邦冶炼股份有限公司 关于提前赎回"恒邦转债"的第五次提示性公告 5.停止转股日：2025 年 11 月 28 日 6.赎回日：2025 年 11 月 28 日 7.赎回资金到账日（到达中登公司账户）：2025 年 12 月 3 日 8.投资者赎回款到账日：2025 年 12 月 5 日 9.赎回类别：全部赎回 本公司及董事会全体成员保证信息披露内容的真实、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."恒邦转债"赎回价格：100.28 元/张（含当期应计利息，当期年利率为 0.6%， 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 10 月 17 日 3.停止交易日：2025 年 11 月 25 日 4.赎回登记日：2025 年 11 月 27 日 10.最后一个交易日可转债简称：Z 邦转债 1 ...