金融界消息 截至2025年7月29日收盘，杭氧股份（002430）报收于22.62元，上涨1.34%，换手率 1.95%，成交量19.06万手，成交金额4.20亿元。 来源：金融界 天眼查商业履历信息显示，杭氧集团股份有限公司，成立于2002年，位于杭州市，是一家以从事专用设 备制造业为主的企业。企业注册资本97834.2375万人民币，实缴资本56043.9479万人民币。公司法定代 表人为韩一松。 资金流向方面，今日主力资金净流出4016.41万元，占比成交额9.57%。其中，超大单净流出1183.80万 元、占成交额2.82%，大单净流出2832.60万元、占成交额6.75%，中单净流出流出1277.28万元、占成交 额3.04%，小单净流入5293.68万元、占成交额12.62%。 通过天眼查大数据分析，杭氧集团股份有限公司共对外投资了101家企业，参与招投标项目593次，知识 产权方面有商标信息55条，专利信息466条，此外企业还拥有行政许可168个。 杭氧股份最新一期业绩显示，截至2025一季报，公司营业总收入35.65亿元、同比增长7.85%，归属净利 润2.26亿元，同比增长10.82%，扣非 ...

Group 1 - The core idea of the news is the innovative practice of embedding integrity clauses into contracts by Hangzhou Oxygen Group, aiming to promote clean and transparent cooperation in state-owned enterprises [1][2] - The integrity clauses specify basic requirements for both parties, with penalties for violations such as corruption or misconduct, thereby enhancing the integrity of project cooperation [1] - The initiative is part of a broader effort by the Hangzhou Capital Supervision and Inspection Group to implement the central government's eight-point regulations and improve the management of state-owned enterprises [1][2] Group 2 - The introduction of integrity clauses is seen as a way to create a "purifier" for the market, encouraging competition based on strength and innovation [2] - Hangzhou Oxygen Group aims to strengthen its internal systems and procurement processes through the implementation of these clauses, thereby supporting healthy corporate development [2] - Since the launch of a digital procurement system in February last year, it has effectively monitored 10,502 procurement projects worth 13.728 billion, triggering alerts and removing non-compliant suppliers [2]

Group 1 - The chemical sector is experiencing a strong rally, with the chemical ETF (516020) rising by 1.24% as of the latest update [1] - Key stocks such as Yipuli and Yara International have seen significant gains, with some stocks increasing over 3% [1] - The current situation in the chemical industry is reminiscent of the supply-side reforms of 2014-2015, suggesting a potential turning point for the sector [2] Group 2 - Domestic policies frequently emphasize supply-side requirements, while international factors like rising raw material costs and capacity exits in Europe and the U.S. add uncertainty to chemical supply [3] - The Chinese chemical industry is expected to leverage its competitive advantages in cost and technology to fill gaps in the international supply chain [3] - The implementation of new policies aimed at stabilizing growth in key industries, including chemicals, is anticipated to lead to structural adjustments and the elimination of outdated capacities [3] Group 3 - The chemical ETF (516020) tracks the CSI Sub-Industry Chemical Index, with nearly 50% of its holdings in large-cap stocks, providing an efficient way to invest in the sector [4] - The ETF includes a diverse range of chemical sub-sectors, allowing investors to capture various investment opportunities within the chemical industry [4]

Summary of Key Points from Conference Call Records Company: Hangzhou Oxygen Plant Group Co., Ltd. (杭氧股份) Core Insights and Arguments - **Long-term Demand and Price Recovery**: Hangzhou Oxygen is expected to benefit from the long-term healthy development of gas demand and the rise in liquid gas prices, particularly liquid oxygen and liquid nitrogen, which is anticipated to support profit growth. The demand side has not deteriorated further, indicating signs of recovery in supply-demand relationships [2][4][8]. - **Performance in Coal Chemical Sector**: The company has performed well in the coal chemical sector, securing multiple projects in the northwest region in the first half of 2025, ensuring equipment orders. Despite a cold gas market and the absence of large project investment announcements, the company maintains stability and potential price elasticity from a cyclical and domestic demand perspective [2][6][8]. - **Market Expectations for 2025**: The market anticipates Hangzhou Oxygen's profit to be around 1.1 billion yuan in 2025, with a price-to-earnings ratio of approximately 20 times, which is considered reasonable. The company is viewed as a good investment target if investors are optimistic about cyclical and domestic demand trends [2][8]. - **Stock Price Volatility Factors**: Recent stock price fluctuations are attributed to two main catalysts: the steel industry's internal competition affecting gas demand and the rise in liquid gas prices, particularly since the third quarter of 2025, which supports profit margins [4][9]. Additional Important Content - **Air Separation Equipment Market**: The air separation equipment market is showing strong demand, particularly from coal chemical projects. Companies like Fostar are expanding their business through domestic and international strategies, with overseas orders increasing. The first quarter of 2025 saw unexpected performance, with profits in the second quarter growing significantly year-on-year [7]. - **Investment in Engineering Machinery**: The Yarlung Tsangpo River project, with a total investment of approximately 1.2 trillion yuan, is expected to significantly benefit the engineering machinery sector, with equipment investments projected to be between 240 billion to 360 billion yuan. This will likely enhance revenues for leading companies like Sany Heavy Industry and XCMG [2][12][14]. Industry Insights Wind Power Equipment Market - **Performance Exceeding Expectations**: The wind power equipment components market has shown exceptional performance, with a 134% year-on-year increase in new wind power installations from January to May 2025. The company Zhongji United is expected to see profits rise by 84% to 146% year-on-year, prompting an increase in company valuation [5][17]. Humanoid Robot Sector - **Catalysts for Growth**: The humanoid robot sector is experiencing multiple catalysts, including significant orders for companies like UBTECH and the upcoming IPO of Yushutech. The opening of Tesla's Optimus restaurant is also a notable milestone. The sector is expected to benefit from AI applications and various industry events [10][11]. Engineering Machinery Impact - **Yarlung Tsangpo Project's Influence**: The Yarlung Tsangpo project is anticipated to create substantial demand for high-end machinery and technology, positively impacting the engineering machinery sector. The project will likely require significant investments in excavation and lifting machinery, enhancing the overall market performance [12][14][13]. Automation Trends - **Forklift Automation**: The trend towards forklift automation is optimistic, with potential rapid growth in logistics applications. Companies like Anhui Heli and Hangcha Group are well-positioned in this area, which is expected to enhance logistics efficiency and drive the development of the smart logistics industry [15][16].

Core Points - The company, Hangzhou Oxygen Plant Group Co., Ltd., has received approval from the China Securities Regulatory Commission to publicly issue convertible bonds totaling 1.137 billion yuan with a term of six years [1][2][3] - The initial conversion price for the bonds is set at 28.69 yuan per share, which may be adjusted based on specific corporate actions such as stock dividends or capital increases [4][5][6] - The bonds will pay interest annually, with the first-year interest rate at 0.20% and the second-year rate at 0.40% [3][4] Bond Issuance Details - The total amount of the convertible bonds issued is 1.137 billion yuan, with each bond having a face value of 100 yuan [2][3] - The bonds will be issued on May 19, 2022, and will have a maturity period of six years [3] - Interest will be paid once a year, with the first payment occurring one year after the issuance date [4] Conversion and Redemption Terms - The conversion period for the bonds starts six months after issuance and lasts until the maturity date [4][5] - The company has the right to redeem the bonds at 108% of the face value plus the last interest payment within five business days after maturity [9] - Holders of the bonds can sell them back to the company at face value plus accrued interest if the stock price falls below 70% of the conversion price during the last two interest years [10][11] Use of Proceeds - The proceeds from the bond issuance will be used for specific projects, with a total investment of 1.38377 billion yuan, of which 1.137 billion yuan will be funded by the bond issuance [12][16] - Any shortfall in funding will be covered by the company through self-raised funds [12] Impact of Stock Buyback - The company plans to repurchase and cancel 5,539,375 shares of restricted stock due to unmet performance targets, which will affect the conversion price of the bonds [15][17] - The adjusted conversion price after the stock buyback will be 26.07 yuan per share, effective from July 21, 2025 [18][19]

股票代码：002430 股票简称：杭氧股份 公告编号：2025-065 转债代码：127064 转债简称：杭氧转债 杭氧集团股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 总股本的 0.5630%。其中，首次授予的限制性股票共 5,047,075 股，占注销前总 股本的 0.5130%；第一批预留授予的限制性股票共 172,500 股，占注销前总股本 的 0.0175%；第二批预留授予的限制性股票共 319,800 股，占注销前总股本的 记结算有限责任公司深圳分公司出具的股本结构表。本次回购注销限制性股票涉 及 733 名激励对象。本次回购注销完成后，公司股份总数为 978,342,375 股（仅 考虑回购注销所导致的股份变动）。 任公司深圳分公司办理完成注销手续。 一、2021 年限制性股票激励计划已履行的决策程序和审批情况 （草案）》及其摘要、 2021 年限制性股票激励计划实施考 年限制性股票激励计划《 核管理办法》 关于提请公司股东大会授权董事会办理公司 2021 年限制性股票激 励计划有关事项的议案》等相关议案，关联董事对相 ...

Group 1 - The company announced an adjustment to the conversion price of its convertible bonds, increasing it from 25.98 CNY per share to 26.07 CNY per share, effective from July 21, 2025 [1][2] - The adjustment is due to the company's repurchase and cancellation of restricted stock options held by 733 employees, which did not meet performance targets under the third vesting period of the incentive plan [2] - The calculation for the new conversion price follows specific formulas outlined in the bond issuance prospectus, taking into account various factors such as stock dividends and capital increases [1][2] Group 2 - The company issued 11.37 million convertible bonds on May 19, 2022, under the code 127064, known as "Hangyang Convertible Bonds" [1] - The adjustment mechanism for the conversion price is detailed, including the impact of stock dividends, capital increases, and cash dividends on the conversion price [1][2] - The company ensures that all information disclosed is accurate and complete, with no misleading statements or significant omissions [1]

| | | 上述两项同时进行：P1=（P0＋A×k）/（1＋n＋k）； 转债代码：127064 转债简称：杭氧转债 杭氧集团股份有限公司 关于可转债转股价格调整的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 特别提示： 债券代码：127064，债券简称：杭氧转债 调整前转股价格：25.98元/股 调整后转股价格：26.07元/股 本次转股价格调整生效日期：2025年7月21日 一、关于可转换公司债券转股价格调整的相关规定 杭氧集团股份有限公司（以下简称"公司"）于 2022 年 5 月 19 日公开发行 了 1,137 万张可转换公司债券（债券简称：杭氧转债，债券代码：127064），根 据《杭氧集团股份有限公司公开发行可转换公司债券募集说明书》的相关条款， 以及中国证券监督管理委员会关于公开发行可转换公司债券的有关规定，"杭氧 转债"发行之后，若公司发生送红股、转增股本、增发新股（不包括因本次发行 的可转债转股而增加的股本）、配股以及派发现金股利等情况时，公司将按上述 条件出现的先后顺序，依次对转股价格进行累积调整，具体调整办法如下： 派送股票股利或 ...

| 股票代码：002430 | 股票简称：杭氧股份 | 公告编号：2025-065 | | --- | --- | --- | | 转债代码：127064 | 转债简称：杭氧转债 | | 杭氧集团股份有限公司 关于部分限制性股票回购注销完成的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 1、公司本次回购注销的限制性股票数量为 5,539,375 股，占回购注销前公司 总股本的 0.5630%。其中，首次授予的限制性股票共 5,047,075 股，占注销前总 股本的 0.5130%；第一批预留授予的限制性股票共 172,500 股，占注销前总股本 的 0.0175%；第二批预留授予的限制性股票共 319,800 股，占注销前总股本的 0.0325%。本次回购注销前公司总股本数据为截至 2025 年 6 月 30 日中国证券登 记结算有限责任公司深圳分公司出具的股本结构表。本次回购注销限制性股票涉 及 733 名激励对象。本次回购注销完成后，公司股份总数为 978,342,375 股（仅 考虑回购注销所导致的股份变动）。 2、截至 2025 年 ...

证券代码：002430 证券简称：杭氧股份 债券代码：127064 债券简称：杭氧转债 浙商证券股份有限公司 关于杭氧集团股份有限公司 公开发行可转换公司债券 2025 年第三次临时受托管理事务报告 （关于转股价格调整的事项） 债券受托管理人 （浙江省杭州市上城区五星路 201 号） 二〇二五年七月 重要声明 浙商证券股份有限公司（以下简称"浙商证券"）编制本报告的内容及信息 来源于杭氧集团股份有限公司（以下简称"杭氧股份"、"公司"或"发行人"） 对外公布的公开信息披露文件及发行人向浙商证券提供的资料。 浙商证券按照《可转换公司债券管理办法》《公司债券发行与交易管理办法》 《公司债券受托管理人执业行为准则》等相关规定及与杭氧股份签订的《受托管 理协议》的约定编制本报告。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为浙商证券所作的承诺 或声明。 （一）债券名称 杭氧集团股份有限公司 2022 年 A 股可转换公司债券（以下简称"可转债"）。 （二）债券代码及简称 债券代码：127064；债券简称：杭氧转债。 （三）本次债券发行日期 本 ...