Metal Sector - China Hongqiao's net profit forecast for 2024 is CNY 223.72 billion, with a PE ratio of 6.78[12] - Luoyang Molybdenum's net profit forecast for 2025 is CNY 167.43 billion, with a PE ratio of 10.42[12] Building Materials Sector - China National Materials' net profit forecast for 2025 is CNY 18.54 billion, with a PE ratio of 16.65[12] - Keda Manufacturing's net profit forecast for 2025 is CNY 17.24 billion, with a PE ratio of 10.82[12] - Three Trees' revenue compound growth rate from 2015 to 2018 was approximately 33%[40] Transportation Sector - SF Holding's net profit forecast for 2025 is CNY 117.44 billion, with a PE ratio of 20.58[12] - The company has seen a significant increase in daily package handling, reaching an average of 166 packages per courier in 2024[56] Chemical Sector - Yara International's net profit forecast for 2025 is CNY 22.52 billion, with a PE ratio of 12.30[12] - Ba Tian's net profit forecast for 2025 is CNY 12.84 billion, with a PE ratio of 7.59[12] Financial Performance - The overall net profit for Keda Manufacturing is projected to reach CNY 19.0 billion by 2026, with a significant increase in overseas revenue contributing to growth[31]

Group 1: Company Management and Operations - The company has developed a replicable information management system to ensure product quality and timely project execution, essential for multi-base production [2] - The information system is centered around a "project management platform" that integrates with OA, HR, and NC systems, enhancing work efficiency and reducing costs [2] - The company has established unified management systems for evaluation, logs, production scheduling, and material allocation [2] Group 2: Product Development and Sales - The self-developed welding industrial robots are primarily used internally, with limited external sales; future sales will depend on business development and application [3] - The company's products are widely used in various sectors, including industrial plants, large venues, airports, train stations, and bridges, with recent orders mainly in the industrial plant category [4] Group 3: Smart Manufacturing and Future Prospects - The company is continuously enhancing its smart manufacturing capabilities, which may not show immediate benefits but are expected to significantly improve product quality and reduce production costs in the long term [5] - The company has seen gradual growth in indirect export business and is considering expanding overseas based on market conditions [6] Group 4: Order Status and Financial Instruments - The company is currently operating normally with a saturated order book, and stakeholders are encouraged to monitor company announcements for updates [7] - The company is focused on improving performance regarding the issuance of CNY 1.88 billion convertible bonds and will provide updates through official announcements [6]

Core Viewpoint - The company announced the resumption of the conversion of its convertible bonds, "Honglu Convertible Bonds," after a temporary suspension due to the implementation of the 2024 annual equity distribution plan [1][2]. Group 1: Bond Details - Bond code: 128134 - Bond name: Honglu Convertible Bonds - Conversion period: April 15, 2021, to October 8, 2026 - Temporary suspension of conversion: June 13, 2025, to June 19, 2025 - Resumption of conversion: Starting June 20, 2025 [1][2]. Group 2: Company Actions - The company implemented a temporary suspension of bond conversion in accordance with the relevant provisions in the prospectus regarding the adjustment of conversion prices due to the equity distribution [1]. - The company has ensured that the information disclosed is true, accurate, and complete, with no false records or misleading statements [1].

特别提示： 债券代码：128134 债券简称：鸿路转债 转股起止时间：2021 年 4 月 15 日至 2026 年 10 月 8 日 暂停转股时间：2025 年 6 月 13 日至 2025 年 6 月 19 日 恢复转股时间：自 2025 年 6 月 20 日起恢复转股 | 证券代码：002541 | 证券简称：鸿路钢构 | 公告编号:2025-040 | | --- | --- | --- | | 债券代码:128134 | 债券简称:鸿路转债 | | 安徽鸿路钢结构（集团）股份有限公司 关于"鸿路转债"恢复转股的公告 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。 安徽鸿路钢结构（集团）股份有限公司（以下简称"公司"）因实施 2024 年度权益分派方案，根据《安徽鸿路钢结构（集团）股份有限公司公开发行可转 换公司债券募集说明书》中"转股价格的调整方法及计算公式"相关条款的规定， 公司可转换公司债券（债券简称：鸿路转债；债券代码：128134）于 2025 年 6 月 13 日起暂停转股。具体内容详见公司于 2024 年 6 月 11 日刊登在《证券时报 ...

Core Viewpoint - Anhui Honglu Steel Structure (Group) Co., Ltd. announced its 2024 annual profit distribution plan, which includes a cash dividend of 3.60 RMB per 10 shares, totaling approximately 247.45 million RMB, with adjustments made for shares held in the company's repurchase account [2][3][19]. Summary by Sections Profit Distribution Plan - The company will distribute a cash dividend of 3.60 RMB per 10 shares to all shareholders, based on a total share capital of 690,013,309 shares, excluding 2,650,000 shares held in the repurchase account, resulting in a participating share capital of 687,363,309 shares [2][3][19]. - The total cash dividend amount is 247,450,791.24 RMB, and no stock dividends or capital reserve transfers will occur this year [3][6][19]. Ex-Dividend Price Adjustment - The ex-dividend price will be calculated as the closing price on the record date minus 0.3586174 RMB per share, reflecting the cash dividend distribution [3][11][19]. - The record date for the dividend distribution is set for June 19, 2025, and the ex-dividend date is June 20, 2025 [7][8]. Convertible Bond Adjustment - Following the profit distribution, the conversion price for the company's convertible bonds (Honglu Convertible Bonds) will be adjusted from 32.44 RMB to 32.08 RMB per share, effective from June 20, 2025 [12][20]. - This adjustment is in accordance with the company's regulations regarding changes in share capital due to profit distributions [14][20].

Group 1 - The company announced an adjustment to the conversion price of its convertible bonds, "Honglu Convertible Bonds," due to a cash dividend distribution [1][2] - The company issued 18.80 billion yuan worth of convertible bonds in October 2020, with a face value of 100 yuan per bond [1] - The adjusted conversion price is set at 32.08 yuan per share, effective from June 20, 2025, after a cash dividend of 3.60 yuan per 10 shares [4][3] Group 2 - The company will distribute a total cash dividend of approximately 247.45 million yuan based on the adjusted total share capital of 687,363,309 shares [4][2] - The adjustment formula for the conversion price is based on the company's profit distribution plan and follows specific regulatory guidelines [2][1] - The conversion period for the "Honglu Convertible Bonds" is from April 15, 2021, to October 8, 2026 [4][3]

Core Viewpoint - Anhui Honglu Steel Structure (Group) Co., Ltd. has announced a profit distribution plan for the year 2024, which includes a cash dividend of 3.60 RMB per 10 shares, totaling approximately 247.45 million RMB, with specific adjustments for shares held in the company's repurchase account [1][2][4]. Summary by Sections Profit Distribution Plan - The company will distribute a cash dividend of 3.60 RMB for every 10 shares held, based on a total share count of 690,013,309 shares, excluding 2,650,000 shares held in the repurchase account, resulting in a participating share count of 687,363,309 shares [2][3]. - The total cash dividend amount is calculated as 687,363,309 shares multiplied by 3.60 RMB divided by 10, equating to 247,450,791.24 RMB [4]. Ex-Dividend and Record Dates - The record date for the profit distribution is set for June 19, 2025, and the ex-dividend date is June 20, 2025 [3]. Adjustments to Share Price - Following the profit distribution, the ex-dividend price will be adjusted by subtracting the cash dividend per share (0.3586174 RMB) from the closing price on the record date [2][4]. - The conversion price for the company's convertible bonds ("Honglu Convertible Bonds") will also be adjusted from 32.44 RMB to 32.08 RMB per share, effective from June 20, 2025 [4]. Taxation on Dividends - The company will not withhold individual income tax on dividends at the time of distribution; instead, tax will be calculated based on the holding period when shares are sold [2][3]. Consultation and Documentation - For inquiries, the company has provided contact details for consultation, including a phone number and address [4]. - Relevant documents regarding the profit distribution and bond conversion price adjustments will be published in major financial newspapers and on the company's official website [4].

| | | 证券代码：002541 证券简称：鸿路钢构 公告编号：2025-039 安徽鸿路钢结构（集团）股份有限公司 关于"鸿路转债"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： 1、债券代码：128134 2、债券简称：鸿路转债 3、本次调整前转股价格：人民币 32.44 元/股 4、本次调整后转股价格：人民币 32.08 元/股 5、转股价格调整生效日期：2025 年 6 月 20 日 一、关于可转换公司债券转股价格调整的相关规定 安徽鸿路钢结构（集团）股份有限公司（以下简称"公司"）于 2020 年 10 月 9 日公开发行了 1,880 万张可转换公司债券，每张面值 100 元，发行总额 18.80 亿元（债券简称：鸿路转债；债券代码：128134），并于 2020 年 11 月 2 日在深 圳证券交易所挂牌交易。 上述三项同时进行：P1＝（P0－D+A×k）/（1+n+k） 其中：P0 为调整前转股价，n 为送股或转增股本率，k 为增发新股或配股率， A 为增发新股价或配股价，D 为每股派送现金股利，P1 为调整后 ...

| 证券代码：002541 | 证券简称：鸿路钢构 | 公告编号：2025-038 | | --- | --- | --- | | 债券代码：128134 | 债券简称:鸿路转债 | | 安徽鸿路钢结构（集团）股份有限公司 2024 年年度权益分派实施公告 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、根据《公司法》、《深圳证券交易所上市公司自律监管指引第 9 号——回 购股份》等相关规定，安徽鸿路钢结构（集团）股份有限公司（以下简称"公司"） 通过回购专用证券账户持有的本公司股份不享有参与利润分配的权利。公司 2024 年度权益分派方案为:以实施分配方案时股权登记日的总股本，扣除公司回 购账户股份数后为基数，向全体股东每 10 股派 3.60 元人民币现金（含税），合 计派发现金红利 247,450,791.24 元，具体金额以实际派发为准，不送红股，不 以资本公积转增股本。 2、因公司回购股份专户中的股份不参与利润分配，本次权益分派实施后， 根据股票市值不变原则，实施权益分派前后公司总股本保持不变，现金分红总额 分摊到每一股的比例将减小。 ...

Core Viewpoint - The company, Anhui Honglu Steel Structure (Group) Co., Ltd., announces the suspension of the conversion of its convertible bonds, "Honglu Convertible Bonds," during the implementation of its 2024 equity distribution, effective from June 13, 2025, until the first trading day after the equity registration date [1][2]. Group 1 - The suspension of bond conversion will last from June 13, 2025, until the first trading day after the equity distribution registration date [1]. - The convertible bonds will continue to trade normally during the suspension period [2]. - The company assures that the information disclosed is true, accurate, and complete, with no false records or misleading statements [1]. Group 2 - The adjustment of the conversion price will occur in accordance with the company's equity distribution, including stock dividends, capital increases, and cash dividends [2][3]. - Specific formulas for adjusting the conversion price are provided, depending on the type of equity changes [2]. - The company will announce any adjustments to the conversion price and the suspension period through official channels, ensuring the protection of bondholders' rights [3].