Group 1 - The company announced the redemption of its convertible bonds, "Hengbang Convertible Bonds," due to the complete redemption of all outstanding bonds during the term [2][8][16] - The total amount raised from the issuance of 31.6 million convertible bonds was 316 million yuan, with a net amount of approximately 3129.97 million yuan after deducting issuance costs [2][19][20] - The bonds were listed on the Shenzhen Stock Exchange on July 7, 2023, under the code "127086" [3][19] Group 2 - The conversion period for the bonds is from December 18, 2023, to June 11, 2029 [4][20] - The conversion price was adjusted from 11.46 yuan/share to 11.33 yuan/share on June 12, 2024, and further adjusted to 11.19 yuan/share on June 12, 2025 [5][21][22] Group 3 - The company triggered the conditional redemption clause on October 17, 2025, as the stock price met the required conditions [8][24][27] - The redemption price is set at 100.28 yuan per bond, including interest and tax [11][29] Group 4 - A total of 48,473 bonds were redeemed, amounting to approximately 4.86 million yuan [15][29] - The bonds will be delisted from the Shenzhen Stock Exchange on December 8, 2025, following the completion of the redemption [16][31] Group 5 - The total share capital increased by 281,956,008 shares due to the conversion of the bonds, which may dilute earnings per share in the short term [30][32]

恒邦股份公告称，"恒邦转债"于2025年10月17日触发有条件赎回条款，公司决定行使提前赎回权利。截 至赎回登记日（2025年11月27日）收市，尚有48,473张未转股，公司全额赎回，支付赎回款486.09万元 （不含赎回手续费），占发行总额的0.15%，对财务无重大影响。自12月8日起，"恒邦转债"将在深交所 摘牌。因"恒邦转债"累计转股2.82亿股，公司总股本累计增加2.82亿股，短期内每股收益有所摊薄。此 外，公司持股5%以上股东及其一致行动人权益股份被动稀释。 ...

| 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2025-118 | | --- | --- | --- | | 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 关于恒邦转债赎回结果暨股份变动的公告 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。 重要内容提示： 1.赎回数量：4,847,300.00 元（48,473 张） 2.赎回兑付总金额：4,860,872.44 元 3.赎回款发放日：2025 年 12 月 5 日 4.可转债摘牌日：2025 年 12 月 8 日 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〕1132 号）核准，山东恒邦 冶炼股份有限公司（以下简称"公司"）于 2023 年 6 月 12 日公开发行了 3,160 万 张可转债，每张面值 100 元，募集资金总额为 316,000 万元。扣除各项发行费用合 计人民币 30,032,603.77 元（不含增值税），公司 ...

| 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2025-117 | | --- | --- | --- | | 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 关于恒邦转债摘牌的公告 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."恒邦转债"赎回日：2025 年 11 月 28 日 2."恒邦转债"摘牌日：2025 年 12 月 8 日 3."恒邦转债"摘牌原因：存续期内可转债全部赎回 一、可转债基本情况 （一）可转债发行情况 公司于 2024 年 6 月 4 日披露了《2023 年年度权益分派实施公告》（公告编号： 2024-035），根据相关法规和《募集说明书》的规定，需要调整转股价格。"恒邦 转债"的转股价格由 11.46 元/股调整为 11.33 元/股，调整后的转股价格自 2024 年 6 月 12 日起生效。具体内容详见公司同日在巨潮资讯网（www.cninfo.com.cn）上披 露的《关于调整"恒邦转债"转股价格的公告》（公告编号：2024-036）。 根据《募集说明书》的 ...

Core Insights - The precious metals sector experienced a slight increase of 0.12% on December 5, with Xiaocheng Technology leading the gains [1] - The Shanghai Composite Index closed at 3902.81, up 0.7%, while the Shenzhen Component Index closed at 13147.68, up 1.08% [1] Precious Metals Sector Performance - Xiaocheng Technology (300139) saw a significant rise of 14.62%, closing at 27.28 with a trading volume of 905,700 shares and a transaction value of 2.424 billion [1] - Sichuan Gold (001337) increased by 4.16%, closing at 28.03 with a trading volume of 161,100 shares [1] - Other notable performers included Hengbang Shares (002237) up 3.56%, Western Gold (601069) up 3.53%, and Zhongjin Gold (600489) up 3.25% [1] Capital Flow Analysis - The precious metals sector saw a net inflow of 464 million in main funds, while retail funds experienced a net outflow of 28.84 million [1] - Xiaocheng Technology had a main fund net inflow of 2.441 billion, but retail funds saw a net outflow of 16.54 million [2] - Other companies like Zhongjin Gold and Chifeng Gold also experienced mixed capital flows, with varying levels of net inflow and outflow from main and retail investors [2]

中经记者 孙汝祥 夏欣 北京报道 12月2日，恒邦股份（002237.SZ）临时股东大会终于完成了两名独立董事的补选程序。此时，距离前任 两名独董提出辞职之日113天，较规定的最晚60日内补选时限超过53天。 8月11日，恒邦股份两名独董因任期届满提出辞职，将导致独董占董事会成员比例低于三分之一。但公 司未能按规定自独董提出辞职之日起60日内完成补选。为此，11月25日，山东证监局决定对公司采取责 令改正的行政监管措施。 此前，在4月份，另一名独董以"工作繁忙"为由申请辞职。值得注意的是，该独董对恒邦股份2024年报 投了反对票，未签署书面确认意见；对2025年一季报表示无法保证内容的真实、准确、完整。 今年6月，恒邦股份曾因未及时披露公司高管被采取刑事强制措施，被山东证监局责令改正。 受访专家对《中国经营报》记者表示，恒邦股份存在合规意识淡薄，董事会不作为、效率不高等问题， 而这些问题在上市公司中具有一定的普遍性。为此，一方面要加大违规处罚力度，另一方面应多措并 举，促成上市公司形成良好的公司治理文化。 独董补选超时 12月2日，恒邦股份方面披露，当日召开临时股东大会，补选独董的议案获通过，钟美瑞、陈志武被 ...

Market Overview - The market showed weakness with the Shanghai Composite Index down 0.21%, Shenzhen Component Index down 0.34%, and ChiNext Index down 0.27% as of 9:44 AM [1] - The precious metals sector saw gains, led by Xiaocheng Technology, with Sichuan Gold and Western Gold also rising [1] - The insurance sector performed well, with China Pacific Insurance, China Life Insurance, and China Reinsurance showing significant increases [1] - In contrast, the semiconductor and real estate sectors experienced notable declines [1] Precious Metals Sector - The precious metals sector strengthened, with Xiaocheng Technology leading the gains at a price of 26.77, up 12.48% [3] - Sichuan Gold and Western Gold also saw increases of 1.82% and 1.67%, respectively [3] - Huatai Securities predicts that gold prices may rise above $4800/oz in 2026 due to expectations of declining U.S. real interest rates and a potential economic recovery phase [2] Institutional Perspectives - Zhongtai Securities anticipates that the index will likely maintain a volatile pattern in the near term, with robots and brokerages being the main focus leading up to the Chinese New Year [4] - Dongfang Securities suggests that the market remains weak in the short term, recommending investors to selectively buy technology stocks as the index is expected to strengthen [5] - Everbright Securities believes that the index may rebound soon, supported by a classic volume-price signal, and highlights the phosphoric chemical sector as a potential focus [6]

Group 1 - Precious metals sector is leading the market with gold showing significant strength, particularly with Xiaocheng Technology surging over 13% [1] - Other companies in the gold sector such as Western Gold, Sichuan Gold, and China Gold are also experiencing gains [1] Group 2 - Xiaocheng Technology's stock price increased by 13.45%, reaching 27.00 [2] - Western Gold's stock rose by 1.67%, with a current price of 26.24 [2] - Sichuan Gold's stock saw a 1.45% increase, now priced at 27.30 [2] - Other notable companies include Hengbang Shares (+1.34% to 12.82), China Gold (+0.68% to 22.28), and Hunan Gold (+0.48% to 21.12) [2]

Core Viewpoint - The precious metals sector is leading the market, with significant gains in gold-related stocks, particularly highlighted by the performance of Xiaocheng Technology, which surged over 13% [1]. Group 1: Stock Performance - Xiaocheng Technology (300139) experienced a notable increase of 13.45%, reaching a price of 27.00 [2]. - Western Gold (601069) rose by 1.67%, with a current price of 26.24 [2]. - Sichuan Gold (001337) saw a gain of 1.45%, priced at 27.30 [2]. - Hengbang Shares (002237) increased by 1.34%, now at 12.82 [2]. - Zhongjin Gold (600489) had a modest rise of 0.68%, priced at 22.28 [2]. - Zhaojin Gold (000506) grew by 0.60%, with a current price of 11.81 [2]. - Hunan Gold (002155) increased by 0.48%, now at 21.12 [2]. - Hunan Silver (002716) saw a slight rise of 0.31%, priced at 6.40 [2]. - Chifeng Gold (600988) increased by 0.49%, with a price of 30.52 [2]. - Shandong Gold (600547) rose by 0.45%, currently priced at 35.83 [2].

| 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2025-116 | | --- | --- | --- | | 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 2025 年第六次临时股东大会决议公告 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。 特别提示： 1.本次股东大会无否决提案的情形。 2.本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）召开情况 1.股东大会届次：2025 年第六次临时股东大会 2.会议召集人：山东恒邦冶炼股份有限公司（以下简称"公司"）董事会 3.现场会议召开时间：2025年12月2日下午14:30 网络投票时间：2025年12月2日。其中： （1）通过深圳证券交易所交易系统进行网络投票的具体时间为2025年12月2日 上午9:15～9:25、9:30～11:30，下午13:00～15:00； （2）通过深圳证券交易所互联网投票的具体时间为：2025年12月2日上午9:15 至下午15:00期间的任意时间。 4.召开地点：山东省烟台市牟平区水道镇金 ...