| | | 2、最后转股日：2025年11月3日 广东长青（集团）股份有限公司 关于提前赎回"长集转债" 实施暨即将停止交易的重要提示性公告 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。 重要内容提示： 1、最后交易日：2025年10月29日 2025年11月3日是"长集转债"最后一个转股日，当日收市前，持有"长集转债" 的投资者仍可进行转股；2025年11月3日收市后，未转股的"长集转债"将停止转股。 3、截至2025年10月28日收市后，距离"长集转债"停止交易仅剩1个交易日， 距离"长集转债"停止转股并赎回仅剩4 个交易日。本公司特别提醒"长集转债" 持有人务必认真阅读本公告，充分了解相关风险，注意最后转股时间，审慎作出投 资决策。 特别提示： 1、"长集转债"赎回价格：101.151元/张（含当期应计利息，当期年利率为2%， 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。 2025年10月29日是"长集转债"最后一个交易日，当日"长集转债"简称为"Z 长转债"；2025年10月29 ...

Investment Rating - The report maintains an "Outperform" rating for the public utility and environmental sectors [5]. Core Views - The report highlights a stable growth in industrial electricity production, with a year-on-year increase of 1.6% for the first nine months of the year [2][16]. - It emphasizes the government's ongoing support for the development of renewable energy, particularly in the green methanol sector, which is expected to benefit from various policy initiatives [4][18]. - The report notes that the overall electricity consumption for the first nine months reached 77,675 billion kWh, reflecting a growth of 4.6% year-on-year [3][17]. Summary by Sections Market Review - The Shanghai Composite Index rose by 3.24%, while the public utility index increased by 1.08% and the environmental index by 1.44% [1][15]. - Within the electricity sector, thermal power saw a 2.00% increase, hydropower rose by 0.23%, and renewable energy generation increased by 0.55% [1][15]. Important Events - In September, the industrial electricity generation was 826.2 billion kWh, a 1.5% increase year-on-year, with daily average generation at 27.54 billion kWh [2][16]. - The report indicates a shift in growth rates among different energy sources, with thermal power declining by 5.4% and solar power increasing by 21.1% [2][16]. Investment Strategy - Recommendations include major thermal power companies like Huadian International and regional players like Shanghai Electric, as well as leading renewable energy firms such as Longyuan Power and Three Gorges Energy [4]. - The report suggests that nuclear power companies like China Nuclear Power and China General Nuclear Power are expected to maintain stable profitability [4]. Key Company Earnings Forecasts and Investment Ratings - Huadian International: Outperform, last close at 5.26 CNY, market cap 61.1 billion CNY, EPS forecast for 2024A at 0.49 CNY [9]. - Longyuan Power: Outperform, last close at 17.35 CNY, market cap 145.0 billion CNY, EPS forecast for 2024A at 0.76 CNY [9]. - China Nuclear Power: Outperform, last close at 9.09 CNY, market cap 187.0 billion CNY, EPS forecast for 2024A at 0.43 CNY [9].

Group 1 - The core point of the announcement is that Changqing Group will forcibly redeem the "Changji Convertible Bonds" if they are not converted by the close of trading on November 3 [1] - After the redemption, the "Changji Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [1] - Bondholders are advised to lift any pledges or freezes on their "Changji Convertible Bonds" before the conversion deadline to avoid being redeemed due to inability to convert [1]

| 证券代码：002616 | 证券简称：长青集团 | 公告编号：2025-067 | | --- | --- | --- | | 债券代码：128105 | 债券简称：长集转债 | | 广东长青（集团）股份有限公司 关于提前赎回"长集转债"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、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、"长集转债"赎回价格：101.151元/张（含当期应计利息，当期年利率为2%， 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13日 3、"长集转债"停止交易日：2025年10月30日 4、"长集转债"赎回登记日：2025年11月3日 5、"长集转债"停止转股日：2025年11月4日 6、"长集转债"赎回日：2025年11月4日 7、赎回资金到账日（到达中登公司账户）：2025年11月7日 8、投资者赎回款到账日：2025年11月11日 9、赎回类别：全部赎回 10、最后一个交易日可转债简称：Z长转债 11、根据安排，截至11月3日收 ...

Core Viewpoint - Guangdong Changqing (Group) Co., Ltd. has announced the early redemption of its convertible bonds "Changji Convertible Bonds" due to the fulfillment of redemption conditions, with a redemption price set at 101.151 yuan per bond, including accrued interest [2][3][12]. Group 1: Redemption Details - The redemption price for "Changji Convertible Bonds" is 101.151 yuan per bond, which includes an annual interest rate of 2% [2][13]. - The redemption conditions are met as of October 13, 2025, and the bonds will stop trading on October 30, 2025 [2][12]. - The redemption registration date is November 3, 2025, and the redemption date is November 4, 2025 [2][16]. Group 2: Bond Issuance and Trading - The company issued 8 million convertible bonds on April 9, 2020, with a total issuance amount of 800 million yuan [4][5]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting May 13, 2020 [5]. Group 3: Conversion and Price Adjustments - The conversion period for the bonds is from April 15, 2020, to April 8, 2026 [5]. - The conversion price has been adjusted multiple times, with the latest adjustment setting it at 5.15 yuan per share effective from September 24, 2025 [8][12]. Group 4: Redemption Conditions - The company has the right to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 trading days within a 30-day period [10][12]. - The stock price condition was met from September 15 to October 13, 2025, triggering the early redemption [12]. Group 5: Redemption Process - The company will provide daily announcements regarding the redemption until the redemption date [16]. - After the redemption, the bonds will be delisted from the Shenzhen Stock Exchange [16].

| 证券代码：002616 | 证券简称：长青集团 | 公告编号：2025-066 | | --- | --- | --- | | 债券代码：128105 | 债券简称：长集转债 | | 广东长青（集团）股份有限公司 关于提前赎回"长集转债"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、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、"长集转债"赎回价格：101.151元/张（含当期应计利息，当期年利率为2%， 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13日 3、"长集转债"停止交易日：2025年10月30日 4、"长集转债"赎回登记日：2025年11月3日 5、"长集转债"停止转股日：2025年11月4日 6、"长集转债"赎回日：2025年11月4日 7、赎回资金到账日（到达中登公司账户）：2025年11月7日 8、投资者赎回款到账日：2025年11月11日 （二）可转换公司债券上市情况 经深圳证券交易所"深证上[2020]372 号"文同意，公司 8.0 ...

Group 1 - Changqing Group announced a passive dilution of shareholding by its controlling shareholders and actual controllers due to the conversion of "Changji Convertible Bonds" on October 17, resulting in a decrease in their combined shareholding from 57.17% to 56.89% [2][3] - Prior to the conversion, the combined shareholding of the controlling shareholders was 62.05% [2] - The company triggered the conditional redemption clause of "Changji Convertible Bonds" as the stock price had closed above 130% of the conversion price for 15 consecutive trading days from September 15 to October 13 [3] Group 2 - The company plans to forcibly redeem the unconverted "Changji Convertible Bonds" after the market closes on November 3, following which the bonds will be delisted from the Shenzhen Stock Exchange [3] - Changqing Group's earnings forecast for the first three quarters of 2025 indicates a net profit attributable to shareholders of between 191 million and 203 million yuan, representing a year-on-year growth of 55.25% to 65.00% [4]

Core Viewpoint - The company has announced the early redemption of its convertible bonds "Changji Convertible Bonds" due to the fulfillment of specific conditions, with a redemption price set at 101.151 yuan per bond, including accrued interest [2][3][12]. Group 1: Redemption Details - The redemption price is 101.151 yuan per bond, which includes an annual interest rate of 2% for the current period [2][13]. - The conditions for redemption were met on October 13, 2025, and the bonds will stop trading on October 30, 2025 [2][12]. - The redemption registration date is November 3, 2025, and the bonds will be redeemed on November 4, 2025 [2][16]. Group 2: Bond Issuance and Trading - The company issued 8 million convertible bonds on April 9, 2020, with a total value of 800 million yuan [4][5]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting May 13, 2020 [5]. Group 3: Conversion and Price Adjustments - The conversion period for the bonds is from April 15, 2020, to April 8, 2026 [5]. - The conversion price has been adjusted multiple times, with the latest adjustment setting it at 5.15 yuan per share effective from September 24, 2025 [8][12]. Group 4: Redemption Procedures - The company will announce the redemption details daily leading up to the redemption date [16]. - Holders of the bonds must ensure they convert their bonds before the stop conversion date to avoid forced redemption [2][12].

Core Points - Changqing Group announced that the "Changji Convertible Bonds" will be forcibly redeemed if not converted by the close of trading on November 3 [2] - Following the redemption, the "Changji Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [2] - Bondholders are advised to convert their bonds before the deadline, especially if their bonds are pledged or frozen [2]

| 证券代码：002616 | 证券简称：长青集团 | 公告编号：2025-065 | | --- | --- | --- | | 债券代码：128105 | 债券简称：长集转债 | | 广东长青（集团）股份有限公司 2、赎回条件满足日：2025年10月13日 4、"长集转债"赎回登记日：2025年11月3日 5、"长集转债"停止转股日：2025年11月4日 6、"长集转债"赎回日：2025年11月4日 7、赎回资金到账日（到达中登公司账户）：2025年11月7日 8、投资者赎回款到账日：2025年11月11日 关于提前赎回"长集转债"的第八次提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 3、"长集转债"停止交易日：2025年10月30日 1、"长集转债"赎回价格：101.151元/张（含当期应计利息，当期年利率为2%， 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。 9、赎回类别：全部赎回 10、最后一个交易日可转债简称：Z长转债 11、根据安排，截至11月3日收 ...