| 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2025-089 | | --- | --- | --- | | 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"的第十一次提示性公告 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 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 11.根据安排，截至 2025 年 11 月 27 日收市后仍未转股的"恒邦转债"将被强 制赎回。本次赎回完成后，"恒邦转债"将在深圳证券交易所（以下简称"深交所"） 摘牌， ...

Core Insights - The article highlights the strong financial performance of eight listed gold companies in their third-quarter reports, indicating significant profit growth compared to previous periods [1] Group 1: Company Performance - Western Gold reported a net profit increase of 168% year-on-year for the first three quarters [1] - Shandong Gold's net profit for the same period grew by 92% year-on-year [1] - Chifeng Jilong Gold, Zijin Mining, and Hunan Gold all experienced net profit growth exceeding 50% year-on-year [1] Group 2: Quarterly Performance - Hengbang shares saw a quarter-on-quarter net profit increase of 65.53% in Q3 [1] - Chifeng Jilong Gold's Q3 net profit rose by 52.54% quarter-on-quarter [1]

Market Overview - The precious metals sector declined by 1.37% compared to the previous trading day, with Xiaocheng Technology leading the losses [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Individual Stock Performance - Among the precious metals stocks, Hengbang shares rose by 1.06% to 13.29, while Shandong Gold fell by 1.39% to 36.31 [1] - Sichuan Gold experienced a decline of 2.22%, closing at 26.91, with a trading volume of 12.61 million shares [2] - The trading volume and turnover for major stocks included: - Zhongjin Gold: 105.31 million shares, turnover of 2.347 billion [2] - Hunan Silver: 98.04 million shares, turnover of 625 million [2] Capital Flow Analysis - The precious metals sector saw a net outflow of 174 million from institutional investors, while retail investors experienced a net outflow of 18.4873 million [2] - Notable capital flows included: - Chifeng Gold had a net inflow of 86.1855 million from institutional investors [3] - Sichuan Gold saw a net outflow of 6.6832 million from institutional investors [3] Summary of Trading Data - The trading data for precious metals stocks indicated varied performance, with some stocks like Chifeng Gold and Zhaojin Gold showing slight gains, while others like Sichuan Gold and Mountain Gold International faced significant declines [1][2] - The overall sentiment in the precious metals sector appears bearish, as indicated by the net outflows and the majority of stocks closing lower [2][3]

| 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2025-088 | | --- | --- | --- | | 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"的第十次提示性公告 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 - Hengbang Co., Ltd. has shown a significant increase in stock price and trading activity, indicating positive market sentiment and financial performance in the precious metals sector, particularly in gold and copper [1][2]. Financial Performance - For the period from January to September 2025, Hengbang Co., Ltd. achieved a revenue of 76.44 billion yuan, representing a year-on-year growth of 31.44%. The net profit attributable to shareholders was 562 million yuan, reflecting a year-on-year increase of 20.89% [2]. - The company's stock price has increased by 34.85% year-to-date, with a recent 5-day increase of 3.23%, although it has seen a decline of 6.48% over the past 20 days [1]. Shareholder Information - As of October 20, 2025, the number of shareholders for Hengbang Co., Ltd. was 55,800, an increase of 5.95% from the previous period. The average number of circulating shares per shareholder decreased by 5.62% to 16,329 shares [2]. - The company has distributed a total of 760 million yuan in dividends since its A-share listing, with 317 million yuan distributed over the last three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the sixth-largest circulating shareholder, holding 11.46 million shares, an increase of 1.46 million shares from the previous period. The Gold Stock ETF (517520) entered the top ten circulating shareholders with 9.43 million shares [3].

Core Viewpoint - Shandong Hengbang Smelting Co., Ltd. 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 fulfillment of redemption conditions [4][11]. Group 1: Redemption Details - The redemption price for the "Hengbang Convertible Bonds" is set at 100.28 CNY per bond, including accrued interest at an annual rate of 0.6% [2][12]. - 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][18]. - Investors must ensure that any pledged or frozen bonds are released before the last trading day to avoid forced redemption [3][11]. 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][5]. - 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 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 balance of unconverted bonds is less than 30 million CNY [9][11].

Core Viewpoint - Hengbang Co., Ltd. announced that the "Hengbang Convertible Bonds" will be forcibly redeemed if not converted by the close of trading on November 27, 2025, leading to their delisting from the Shenzhen Stock Exchange [1] Summary by Relevant Sections - **Redemption Announcement** - Hengbang Co., Ltd. has scheduled a forced redemption of the "Hengbang Convertible Bonds" if they remain unconverted by the specified date [1] - **Impact on Bondholders** - Bondholders are advised to convert their bonds before the deadline to avoid forced redemption [1] - It is recommended that bondholders with pledged or frozen "Hengbang Convertible Bonds"解除质押 or freeze before the trading suspension date to prevent issues with conversion [1]

Core Viewpoint - The precious metals sector experienced a significant increase of 3.3% on October 29, with Zhaojin Mining leading the gains [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4016.33, up 0.7% - The Shenzhen Component Index closed at 13691.38, up 1.95% [1] Group 2: Individual Stock Performance - Zhaojin Mining (000506) closed at 12.16, with a rise of 4.83% and a trading volume of 502,700 shares, totaling a transaction value of 601 million yuan - Shandong Gold (600547) closed at 36.82, up 3.40%, with a trading volume of 530,900 shares and a transaction value of 1.937 billion yuan - Other notable performers include: - Shanjin International (000975) up 4.12% - Chifeng Jilong Gold Mining (600988) up 3.97% - Hunan Silver (002716) up 3.68% [1] Group 3: Fund Flow Analysis - The precious metals sector saw a net inflow of 727 million yuan from main funds, while retail funds experienced a net outflow of 349 million yuan - Main fund inflows were led by Shandong Gold with 255 million yuan, while Zhaojin Mining saw a net outflow of 44.7 million yuan from retail investors [2]

| 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2025-087 | | --- | --- | --- | | 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"的第九次提示性公告 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 - Hengbang Co., Ltd. has shown a significant increase in stock price and revenue, indicating strong performance in the precious metals sector, particularly in gold mining and production [1][2]. Company Performance - As of October 29, Hengbang's stock price increased by 2.02% to 13.10 CNY per share, with a total market capitalization of 16.699 billion CNY [1]. - Year-to-date, Hengbang's stock price has risen by 31.54%, although it has seen a slight decline of 0.08% over the past five trading days and a 9.09% drop over the last 20 days [1]. - For the period from January to September 2025, Hengbang reported a revenue of 76.444 billion CNY, reflecting a year-on-year growth of 31.44%, and a net profit attributable to shareholders of 562 million CNY, up by 20.89% [2]. Business Composition - Hengbang's main business segments include gold exploration and mining (63.14% of revenue), electrolytic copper (19.52%), silver (8.97%), and other metals and chemicals [1]. - The company is classified under the non-ferrous metals sector, specifically in precious metals and gold [2]. Shareholder Information - As of October 20, 2025, Hengbang had 55,800 shareholders, an increase of 5.95% from the previous period, with an average of 16,329 shares held per shareholder, down by 5.62% [2]. - The company has distributed a total of 760 million CNY in dividends since its A-share listing, with 317 million CNY paid out in the last three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the sixth-largest shareholder, increasing its holdings by 1.4593 million shares to 11.4567 million shares [3]. - The Gold Stock ETF (517520) entered the top ten shareholders list, holding 9.4304 million shares as a new shareholder [3].