Group 1 - The core point of the article is that Hengbang Co., Ltd. reported significant growth in both revenue and net profit for the third quarter and the first three quarters of the year [1] Group 2 - In the third quarter, the company's revenue reached 33.394 billion yuan, representing a year-on-year increase of 94.26% [1] - The net profit for the third quarter was 253 million yuan, showing a year-on-year growth of 52.08% [1] - For the first three quarters, the total revenue amounted to 76.444 billion yuan, which is a year-on-year increase of 31.44% [1] - The net profit for the first three quarters was 562 million yuan, reflecting a year-on-year growth of 20.89% [1]

| 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2025-080 | | --- | --- | --- | | 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 关于公司开展融资租赁暨关联交易的公告 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。 一、交易概述 山东恒邦冶炼股份有限公司（以下简称"公司"）拟与深圳江铜融资租赁有限 公司（以下简称"江铜租赁"）合作开展融资租赁业务，融资租赁方式为售后回租 或直接租赁，融资总额不超过 2 亿元人民币，融资期限为 24 个月。 江铜租赁系江西铜业集团有限公司（以下简称"江铜集团"）间接控股的子公 司，江铜集团为公司控股股东江西铜业股份有限公司（以下简称"江西铜业"）的 控股股东，根据《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律 监管指引第 1 号——主板上市公司规范运作》《公司章程》等有关制度规定，本次 交易构成关联交易。 本次关联交易已经公司第九届董事会独立董事专门会议第四次会议审议通过。 2025 年 10 月 23 日，公司第九届董事会第三十五次 ...

| 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2025-081 | | --- | --- | --- | | 债券代码：127086 | 债券简称：恒邦转债 | | 一、召开会议的基本情况 1.股东大会届次：2025 年第五次临时股东大会 2.股东大会的召集人：董事会 3.本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所股 票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规 范运作》等法律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 山东恒邦冶炼股份有限公司 关于召开 2025 年第五次临时股东大会的通知 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。 4.会议时间： （1）现场会议时间：2025 年 11 月 12 日 14:30 （2）网络投票时间：通过深圳证券交易所（以下简称"深交所"）系统进行 网络投票的具体时间为 2025 年 11 月 12 日 9:15-9:25，9:30-11:30，13:00-15:00； 通过深交所互联网投票系统投票的具体时间为 2025 年 11 ...

| 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2025-078 | | --- | --- | --- | | 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 第九届监事会第二十六次会议决议公告 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。 一、监事会会议召开情况 《2025 年第三季度报告》（公告编号：2025-079）详见 2025 年 10 月 24 日《证 券 时 报 》 《 中 国 证 券 报 》 《 上 海 证 券 报 》 《 证 券 日 报 》 和 巨 潮 资 讯 网 （http://www.cninfo.com.cn）。 2.审议通过《关于公司开展融资租赁暨关联交易的议案》 监事会认为：本次关联交易基于满足公司经营发展需求，按照公平原则协商确 定，定价公允、公平、合理，不存在损害中小股东利益的行为，同意公司与深圳江 铜融资租赁有限公司合作开展融资租赁业务。 关联监事姜伟民先生回避表决。 表决结果：2 票同意，0 票反对，0 票弃权。 山东恒邦冶炼股份有限公司（以下简称"公司"）于 2025 ...

| 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2025-077 | | --- | --- | --- | | 债券代码：127086 | 债券简称：恒邦转债 | | 二、董事会会议审议情况 经与会董事认真审议，通过如下议案： 山东恒邦冶炼股份有限公司 第九届董事会第三十五次会议决议公告 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。 一、董事会会议召开情况 山东恒邦冶炼股份有限公司（以下简称"公司"）于 2025 年 10 月 14 日以电子 邮件等方式发出《关于召开第九届董事会第三十五次会议的通知》，会议于 2025 年 10 月 23 日上午以现场与通讯相结合的方式召开，应出席董事 9 人，实际出席董事 9 人（其中，以通讯表决方式出席会议的董事有徐元峰先生、左宏伟先生、沈金艳先 生、黄健柏先生、焦健先生、吉伟莉女士）。会议由董事长肖小军先生召集并主持， 公司监事和部分高级管理人员列席了本次会议。本次会议的召集、召开符合《公司 法》《公司章程》等有关规定。 1.审议通过《关于公司 2025 年第三季度报告的议案》 本议案已经公司第九届 ...

Revenue and Profit - Revenue for the third quarter reached ¥33,393,863,025.18, an increase of 94.26% compared to the same period last year[5] - Net profit attributable to shareholders was ¥252,615,772.68, up 52.08% year-on-year[5] - Basic earnings per share increased to ¥0.22, reflecting a growth of 57.14% compared to the previous year[5] - Net profit attributable to shareholders of the listed company increased by 52.08% year-on-year, driven by increased product gross profit and investment income from the reduction of holdings in a gold equity[12] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 128.07% compared to the same period last year, mainly due to increased product gross profit and investment income from the reduction of gold equity holdings[12] - Basic earnings per share increased by 57.14% year-on-year, reflecting the increase in net profit attributable to shareholders[13] - Net profit for the period reached ¥552.58 million, a rise from ¥450.63 million, marking an increase of 22.7% year-over-year[28] - Basic earnings per share improved to ¥0.49 from ¥0.40, indicating a growth of 22.5%[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥31,423,237,037.68, representing a 27.10% increase from the end of the previous year[5] - The company’s total liabilities increased significantly, with short-term borrowings rising by 86.92% due to increased procurement[9] - The company reported a 40.96% increase in long-term borrowings, reflecting a strategic shift in debt structure[10] - Total liabilities reached RMB 21,204,189,867.09, compared to RMB 14,989,314,397.89 at the beginning of the period, representing an increase of approximately 41.5%[25] - The company's equity attributable to shareholders rose to RMB 10,347,190,586.75 from RMB 9,853,924,884.47, marking an increase of about 5%[25] - Long-term borrowings increased to RMB 2,522,853,779.34 from RMB 1,789,799,967.78, indicating a rise of approximately 40.9%[25] Cash Flow - Cash flow from operating activities showed a net outflow of ¥576,725,858.26, a decline of 171.60% compared to the previous year[5] - The net cash flow from operating activities decreased by 171.60% year-on-year, primarily due to increased cash expenditures from the launch of a comprehensive recovery technology project for valuable elements in a subsidiary's multi-metal mine[13] - Cash and cash equivalents at the end of the period totaled ¥4.21 billion, up from ¥3.28 billion, an increase of 28.5%[31] - Financing activities generated a net cash inflow of ¥3.92 billion, up from ¥1.35 billion, reflecting a significant increase of 190.3%[31] Costs and Expenses - Operating costs increased by 32.23% year-on-year, primarily due to rising raw material prices[10] - Total operating costs rose to ¥75.90 billion, compared to ¥57.51 billion, reflecting an increase of 32.1% year-over-year[27] - Tax expenses for the period amounted to ¥142.79 million, compared to ¥55.75 million, an increase of 156.5% year-over-year[28] - Other comprehensive income after tax showed a loss of ¥14.63 million, compared to a loss of ¥1.74 million in the previous period[28] Investments and Income - Investment income surged by 372.34% year-on-year, driven by reduced losses from commodity futures contracts and gains from the sale of equity in WanGuo Gold[11] - The fair value change income decreased by 193.36% compared to the same period last year, mainly due to a reduction in the fair value change income from hedging positions[12] - Credit impairment losses increased by 503.16% year-on-year, primarily due to an increase in the provision for bad debts[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,988[15] - Jiangxi Copper Corporation held 44.48% of the shares, making it the largest shareholder[15] Corporate Governance - The company appointed a new director and chairman of the strategic committee following the resignation of the previous chairman due to work adjustments[17] - The company appointed Ernst & Young Hua Ming as the auditor for the fiscal year 2025, with the engagement partner being Mr. Song Congyue[19] - The board of directors meeting was held on October 24, 2025[34] Convertible Bonds - The convertible bond "Hengbang Convertible Bond" has had its conversion price adjusted from RMB 11.33 to RMB 11.19, effective from June 12, 2025[19] - As of October 22, 2025, the total amount of "Hengbang Convertible Bond" decreased by RMB 1,102,979,500, with 11,029,795 bonds converted into 98,564,983 shares, leaving a remaining bond amount of RMB 2,057,020,500[19] Future Outlook - The new accounting standards will be implemented starting from 2025, affecting the financial statements from the beginning of that year[32] - The company received a notice from its controlling shareholder regarding the transfer of mining rights and shares, indicating ongoing strategic adjustments to avoid competition[21] Audit Status - The third quarter financial report of Shandong Hengbang Smelting Co., Ltd. has not been audited[33]

证券之星消息，10月23日贵金属板块较上一交易日下跌0.55%，招金黄金领跌。当日上证指数报收于 3922.41，上涨0.22%。深证成指报收于13025.45，上涨0.22%。贵金属板块个股涨跌见下表： 从资金流向上来看，当日贵金属板块主力资金净流出8.82亿元，游资资金净流入1.95亿元，散户资金净流 入6.87亿元。贵金属板块个股资金流向见下表： | 代码 | 名称 | 主力净流出(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 000506 | 招金黄金 | -1.66 Z | -18.46% | 6273.41万 | 7.00% | 1.03 Z | 11.46% | | 600489 | 中全黄金 | -1.45 Z | -6.86% | -871.97万 | -0.41% | 1.54亿 | 7.27% | | 600547 | XD山东黄 | -1.31亿 | -7.97% | 2245.00万 | 1.37% | 1.09 亿 | 6 ...

| 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2025-076 | | --- | --- | --- | | 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"的第四次提示性公告 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."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 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 10.最后一个交易日可转债简称：Z 邦转债 1 ...

Core Viewpoint - The company has decided to exercise its right to redeem the "Hengbang Convertible Bonds" early, based on current market conditions and the company's situation, following the approval from the board of directors [3][8]. Group 1: Redemption Details - The redemption price for "Hengbang Convertible Bonds" is set at 100.28 CNY per bond, which includes the accrued interest for the current period at an annual interest rate of 0.6% [2][10]. - The redemption conditions are met as of October 17, 2025, and the bonds will be fully redeemed on November 28, 2025, with the last trading day being November 25, 2025 [2][3][12]. - Investors are advised to convert their bonds before the trading halt to avoid being forced to redeem them [3][8]. Group 2: Bond Issuance and Trading - The company issued 31.6 million convertible bonds on June 12, 2023, with a total fundraising amount of 316 million CNY, netting approximately 312.99 million CNY after expenses [4]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting July 7, 2023, under the name "Hengbang Convertible Bonds" [4]. Group 3: Conversion and Adjustment - The conversion period for the bonds is from December 18, 2023, to June 11, 2029, with adjustments to the conversion price occurring based on annual equity distributions [5][6]. - The conversion price was adjusted from 11.46 CNY to 11.33 CNY on June 12, 2024, and further adjusted to 11.19 CNY on June 12, 2025 [6]. Group 4: Redemption Procedures - The redemption process includes daily announcements leading up to the redemption date, with specific dates for trading halts, redemption registration, and fund disbursement to bondholders [12][14][15]. - The company will publish the redemption results and delisting announcement after the redemption is completed [15].

Core Viewpoint - Shandong Hengbang Smelting Co., Ltd. has announced the early redemption of its convertible bonds, "Hengbang Convertible Bonds," due to the fulfillment of redemption conditions based on stock price performance [4][11]. Group 1: Redemption Details - The redemption price for "Hengbang Convertible Bonds" is set at 100.28 CNY per bond, including accrued interest at an annual rate of 0.6% [2][13]. - The redemption conditions are met as of October 17, 2025, with the last trading day being November 25, 2025, and the redemption date on November 28, 2025 [3][4]. - Investors must ensure that any pledged or frozen bonds are released before the last trading day to avoid forced redemption [3][4]. Group 2: Convertible Bond Issuance and Trading - The company issued 31.6 million convertible bonds on June 12, 2023, with a total fundraising amount of 316 million CNY, netting approximately 312.99 million CNY after expenses [4][5][6]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting July 7, 2023, under the name "Hengbang Convertible Bonds" [6]. Group 3: Conversion and Price Adjustment - The conversion period for the bonds is from December 18, 2023, to June 11, 2029, with the conversion price adjusted from 11.46 CNY to 11.33 CNY on June 12, 2024, and further to 11.19 CNY on June 12, 2025 [7][8]. - The company has the right to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 out of 30 consecutive trading days or if the remaining unconverted bonds fall below 30 million CNY [9][11].