Core Viewpoint - The aluminum alloy industry in China is experiencing significant growth, with a notable increase in production and a positive outlook for the coming years [1] Industry Summary - As of September 2025, China's aluminum alloy production reached 1.78 million tons, marking a year-on-year increase of 17.1% [1] - From January to September 2025, the cumulative production of aluminum alloys in China totaled 14.116 million tons, reflecting a cumulative growth of 15.9% [1] - The report by Zhiyan Consulting outlines the market operation pattern and strategic analysis of the aluminum alloy industry in China from 2026 to 2032 [1] Company Summary - Listed companies in the aluminum industry include China Aluminum (601600), Nanshan Aluminum (600219), Mingtai Aluminum (601677), Yun Aluminum (000807), Xinjiang Zhonghe (600888), Yiqiu Resources (601388), Haomei New Materials (002988), Asia Pacific Technology (002540), and Shunbo Alloy (002996) [1]

Market Overview - On November 20, the industrial metals sector declined by 0.52% compared to the previous trading day, with Xinweiling leading the decline [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Stock Performance - Notable gainers in the industrial metals sector included: - Guocheng Mining (Code: 000688) with a closing price of 29.65, up 4.99% and a trading volume of 610,600 shares, totaling 1.823 billion yuan [1] - Asia-Pacific Technology (Code: 002540) with a closing price of 7.15, up 3.03% and a trading volume of 307,700 shares, totaling 220 million yuan [1] - Major decliners included: - Xinweiling (Code: 920634) with a closing price of 24.91, down 3.67% and a trading volume of 12,900 shares, totaling 33.008 million yuan [2] - Chang Aluminum (Code: 002160) with a closing price of 5.41, down 3.22% and a trading volume of 751,900 shares, totaling 413 million yuan [2] Capital Flow - The industrial metals sector experienced a net outflow of 1.961 billion yuan from institutional investors, while retail investors saw a net inflow of 1.359 billion yuan [2] - Key stocks with significant capital flow included: - Huayu Mining (Code: 601020) with a net inflow of 97.347 million yuan from institutional investors [3] - Xizang Zhuofeng (Code: 600338) with a net inflow of 94.423 million yuan from institutional investors [3]

Core Viewpoint - The company announced that its stock price has met the conditions for the conditional redemption of the "Yake Convertible Bonds" based on specific trading price thresholds [1] Summary by Relevant Sections - **Stock Performance**: From November 6 to November 19, 2025, the company's stock has closed at or above 130% of the current conversion price for 10 trading days [1] - **Redemption Conditions**: If the stock price remains at or above 130% of the conversion price for at least 15 out of any 30 consecutive trading days during the conversion period, it will trigger the conditional redemption clause of the "Yake Convertible Bonds" [1] - **Redemption Process**: Upon triggering the redemption clause, the company has the right to redeem all or part of the unconverted "Yake Convertible Bonds" at face value plus accrued interest, following the relevant regulations [1] - **Board Meeting Requirement**: The company will convene a board meeting on the day the conditions are met to decide whether to exercise the redemption right and will fulfill its information disclosure obligations [1]

证券代码：002540 证券简称：亚太科技 公告编号：2025-094 债券代码：127082 债券简称：亚科转债 江苏亚太轻合金科技股份有限公司 关于亚科转债可能触发赎回条件的提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 自2025年11月6日至2025年11月19日，江苏亚太轻合金科技股份有限公司（以 下简称"公司"）股票已有10个交易日的收盘价不低于"亚科转债"当期转股价格的 130%。 如公司股票在转股期内任何连续30个交易日中至少15个交易日的收盘价格 不低于当期转股价格的130%（含130%），则触发"亚科转债"的有条件赎回条款， 根据公司《向不特定对象发行可转换公司债券募集说明书》（以下简称"《募集 说明书》"）中有条件赎回条款的相关规定，公司将有权决定按照债券面值加当 期应计利息的价格赎回全部或部分未转股的"亚科转债"。如后续正式触发"亚科 转债"有条件赎回条款，公司将按照《深圳证券交易所上市公司自律监管指引第 15号—可转换公司债券》的相关规定于触发条件满足当日召开董事会，审议决定 是否行使"亚科转债"赎回权，并及时 ...

Core Viewpoint - Asia Pacific Technology's stock price has experienced fluctuations, with a current decline of 2.09% and a year-to-date increase of 20.05% [1][2] Company Overview - Asia Pacific Technology, established on October 19, 2001, and listed on January 18, 2011, specializes in high-performance aluminum alloy extrusion materials and components [1] - The company is located in Wuxi, Jiangsu Province, China [1] Business Segments - The revenue composition of Asia Pacific Technology includes: - Thermal management system aluminum materials: 40.57% - Chassis safety system aluminum materials: 32.54% - Aerospace and other aluminum materials: 8.74% - Casting rods: 6.69% - Automotive parts: 4.07% - Three electric vehicle body system aluminum materials: 4.03% - Non-main business income: 3.36% [1] Financial Performance - For the period from January to September 2025, Asia Pacific Technology reported a revenue of 5.83 billion yuan, reflecting a year-on-year growth of 6.20% [2] - The net profit attributable to the parent company was 294 million yuan, showing a year-on-year decrease of 15.96% [2] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 10.72% to 52,500, with an average of 16,588 circulating shares per person, a decrease of 9.46% [2] - Cumulative cash dividends since the A-share listing amount to 2.969 billion yuan, with 1.470 billion yuan distributed in the last three years [3] Institutional Holdings - The top ten circulating shareholders include notable entities such as Hongli Low Volatility Dividend (512890) and E Fund CSI Low Volatility ETF (563020), with varying changes in their holdings [3]

债券代码：127082 债券简称：亚科转债 江苏亚太轻合金科技股份有限公司 关于债券持有人可转债持有比例变动达 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、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、可转债发行上市概况 经中国证券监督管理委员会《关于核准江苏亚太轻合金科技股份有限公司公 开发行可转换公司债券的批复》（证监许可[2023]156 号）核准，江苏亚太轻合 金科技股份有限公司（以下简称"公司"）于 2023 年 3 月 15 日公开发行了 1,159 万张可转债，每张面值为人民币 100 元，按面值发行，共计发行 1,159 万张，募 集资金总额为 1,159,000,000 元。经深圳证券交易所《关于江苏亚太轻合金科技 股份有限公司可转换公司债券上市交易的通知》（深圳上[2023]334 号）同意， 公司可转债自 2023 年 4 月 27 日起在深交所上市交易，债券代码：127082，债券 简称：亚科转债，上市数量 1,159 万张。 证券代码：002540 证券简称：亚太科技 公告编号：2025-093 公司实际控制人之周福海先生、于丽芬女士分别通过配售认购"亚科转 ...

Core Viewpoint - Asia Pacific Technology's stock has shown a positive trend with a year-to-date increase of 20.05%, reflecting strong market performance and investor interest [1][2]. Group 1: Stock Performance - As of November 12, Asia Pacific Technology's stock price increased by 2.33% to 7.04 CNY per share, with a trading volume of 29.38 million CNY and a turnover rate of 0.49% [1]. - The stock has experienced a 3.68% increase over the last five trading days, a 5.07% increase over the last twenty days, and a 17.51% increase over the last sixty days [1]. Group 2: Financial Performance - For the period from January to September 2025, Asia Pacific Technology reported a revenue of 5.83 billion CNY, representing a year-on-year growth of 6.20%, while the net profit attributable to shareholders decreased by 15.96% to 294 million CNY [2]. - Cumulatively, the company has distributed 2.97 billion CNY in dividends since its A-share listing, with 1.47 billion CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 10.72% to 52,500, while the average circulating shares per person decreased by 9.46% to 16,588 shares [2]. - The top ten circulating shareholders include significant institutional investors, with notable increases in holdings from several funds [3].

Core Points - The company announced the establishment of a Shanghai branch to enhance its competitiveness in the automotive, aviation, robotics, and automation sectors [1] - The Shanghai branch has received its business license from the Minhang District Market Supervision Administration, completing the registration process [1] Summary by Category - **Company Strategy** - The establishment of the Shanghai branch aligns with the company's strategic planning and business layout needs [1] - **Operational Developments** - The Shanghai branch has officially completed its business registration, indicating readiness to commence operations [1]

证券代码：002540 证券简称：亚太科技 公告编号：2025-092 债券代码：127082 债券简称：亚科转债 江苏亚太轻合金科技股份有限公司 6、经营场所：上海市闵行区申长路 988 弄 1 号 805B 室 7、经营范围：一般项目：金属基复合材料和陶瓷基复合材料销售；有色金 属合金销售；高性能有色金属及合金材料销售；模具销售；技术服务、技术开发、 技术咨询、技术交流、技术转让、技术推广；生产性废旧金属回收；汽车零部件 及配件制造；机械零件、零部件加工；汽车零配件零售；汽车零配件批发。（除 依法须经批准的项目外，凭营业执照依法自主开展经营活动） 近日，上海分公司取得上海市闵行区市场监督管理局颁发的《营业执照》， 完成了工商注册登记手续。注册登记及营业执照主要内容如下： 1、名称：江苏亚太轻合金科技股份有限公司上海分公司 2、统一社会信用代码：91310112MAG1NQQU4E 3、类型：股份有限公司分公司（上市、自然人投资或控股） 4、负责人：方东新 5、成立日期：2025 年 10 月 28 日 关于上海分公司完成工商注册登记的公告 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 ...

Core Viewpoint - Asia Pacific Technology (002540.SZ) reported a revenue of 5.83 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 6.20%. However, the net profit attributable to shareholders decreased by 15.96% to 294 million yuan, and the net profit after deducting non-recurring gains and losses fell by 18.92% to 274 million yuan [1][1][1] Financial Performance - The company achieved an operating revenue of 5.83 billion yuan in the first three quarters of 2025, marking a 6.20% increase compared to the previous year [1] - The net profit attributable to shareholders was 294 million yuan, which represents a decline of 15.96% year-on-year [1] - The net profit after excluding non-recurring items was 274 million yuan, showing an 18.92% decrease compared to the same period last year [1]