江苏华宏科技股份有限公司 | 证券代码：002645 | 证券简称：华宏科技 | 公告编号：2025-086 | | --- | --- | --- | | 债券代码：127077 | 债券简称：华宏转债 | | 关于"华宏转债" 赎回结果的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、可转换公司债券基本情况 （一）可转债发行情况 经中国证券监督管理委员会《关于核准江苏华宏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〔2022〕1121 号）核准，公司公开发行可 转换公司债券 51,500.00 万元，每张面值为 100.00 元，发行数量为 515.00 万张。 公司本次发行募集资金总额为 515,000,000.00 元，扣除发行费用（不含税） 10,980,849.08 元，实际募集资金净额为 504,019,150.92 元（以下简称"募集 资金"）。截至 2022 年 12 月 8 日，上述募集资金已全部到账，募集资金到位情 况经公证天业会计师事务所（特殊普通合伙）审验并出具了苏公 W[2022]B149 号《验资报告》。 ...

| 证券代码：002645 | 证券简称：华宏科技 | 公告编号：2025-087 | | --- | --- | --- | | 债券代码：127077 | 债券简称：华宏转债 | | 江苏华宏科技股份有限公司 关于"华宏转债" 摘牌的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示： 一、可转换公司债券基本情况 （一）可转债发行情况 经中国证券监督管理委员会《关于核准江苏华宏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〔2022〕1121 号）核准，公司公开发行可 转换公司债券 51,500.00 万元，每张面值为 100.00 元，发行数量为 515.00 万张。 公司本次发行募集资金总额为 515,000,000.00 元，扣除发行费用（不含税） 10,980,849.08 元，实际募集资金净额为 504,019,150.92 元（以下简称"募集 资金"）。截至 2022 年 12 月 8 日，上述募集资金已全部到账，募集资金到位情 况经公证天业会计师事务所（特殊普通合伙）审验并出具了苏公 W[2022]B149 号《验 ...

Core Insights - On September 22, Huahong Technology executed a block trade of 1 million shares, amounting to 15.14 million yuan, which represented 1.88% of the total trading volume for that day [1][2] - The transaction price was 15.14 yuan per share, reflecting a discount of 0.98% compared to the market closing price of 15.29 yuan [1][2] Summary by Category Trading Details - Date of transaction: September 22, 2025 [2] - Security code: 002645 [2] - Security name: Huahong Technology [2] - Transaction price: 15.14 yuan [2] - Volume of shares traded: 1 million shares [2] - Total transaction amount: 15.14 million yuan [2] - Buyer brokerage: Huatai Securities Co., Ltd. [2] - Seller brokerage: Shanghai Xuhui District Longqi Road Securities Branch [2]

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - In H1 2025, most convertible bond issuers saw revenue growth compared to the previous year, with profits showing some divergence. Amid the bullish equity market since April, investors should focus on low - price and equity - biased convertible bonds with excellent or improving performance and high - quality underlying stocks [1][3][8]. 3. Summary According to the Table of Contents 3.1 2025H1 Convertible Bond Performance Overview - Revenue: By August 30, 61.7% of convertible bond issuers had year - on - year revenue growth, mainly in the (0, 30%] range. In Q2 2025, 77.5% had quarter - on - quarter revenue growth, also concentrated in the (0, 30%] range [8][9]. - Profit: 50.2% of convertible bond issuers had year - on - year growth in net profit attributable to shareholders, with significant differences in performance. In Q2 2025, 53.3% had quarter - on - quarter growth, and the industries with the most issuers having a quarter - on - quarter growth rate of over 100% were electronics, building decoration, and power equipment [8][9]. 3.2 Industries and Convertible Bond Issues with Outstanding Performance 3.2.1 Year - on - Year Dimension - Industry: In terms of revenue, agriculture, forestry, animal husbandry and fishery, non - bank finance, and electronics led; in terms of performance, agriculture, forestry, animal husbandry and fishery, building materials, and media had the highest year - on - year growth rates. The agriculture, forestry, animal husbandry and fishery industry achieved a significant turnaround in performance, with the net profit attributable to shareholders increasing by 6799.93% year - on - year [15]. - Convertible Bond Issues: Huahong Convertible Bond, Wanqing Convertible Bond, Jingrui Convertible Bond, Jingrui Convertible Bond 2, and Muyuan Convertible Bond had the top four year - on - year growth rates in net profit attributable to shareholders in H1 2025 [23]. 3.2.2 Quarter - on - Quarter Dimension - Industry: In terms of revenue, communication, building materials, and non - bank finance led; in terms of performance, building materials, social services, and communication had the highest quarter - on - quarter growth rates in Q2 2025. Some industries such as building materials showed signs of bottoming out and reversing [26]. - Convertible Bond Issues: Jiaojian Convertible Bond, Hengfeng Convertible Bond, Huayang Convertible Bond, Aojia Convertible Bond, and Tianchuang Convertible Bond had the top five quarter - on - quarter growth rates in net profit attributable to shareholders in Q2 2025 [35]. 3.3 Industries and Convertible Bond Issues with Significant Performance Improvement 3.3.1 Industries and Issues with Year - on - Year Turnaround from Loss to Profit - Industries: Agriculture, forestry, animal husbandry and fishery, medicine, and electronics had the most issuers turning around from loss to profit year - on - year. Representative issues include Shanbo Convertible Bond, Tianchuang Convertible Bond, and Jingrui Convertible Bond [38]. 3.3.2 Industries and Issues with Quarter - on - Quarter Turnaround from Loss to Profit - Industries: Power equipment, computer, and construction industries had the most issuers turning around from loss to profit quarter - on - quarter. Representative issues include Jiaojian Convertible Bond, Jidong Convertible Bond, and Like Convertible Bond [45]. 3.3.3 Industries and Issues with Year - on - Year Reduction in Losses - Industries: Computer, power equipment, and building decoration industries had the most issuers with reduced losses year - on - year. Representative issues include Shuangliang Convertible Bond and Xinfu Convertible Bond [50]. 3.3.4 Industries and Issues with Quarter - on - Quarter Reduction in Losses - Industries: Power equipment, computer, and medicine industries had the most issuers with reduced losses quarter - on - quarter. Representative issues include Tong 22 Convertible Bond, Long 22 Convertible Bond, and Shanshi Convertible Bond [56]. 3.4 Convertible Bonds Worth Attention in the Bullish Equity Market 3.4.1 Convertible Bonds in the Excellent Performance Sector - Five convertible bonds, including Muyuan Convertible Bond, Daotong Convertible Bond, Zhongchong Convertible Bond 2, Weice Convertible Bond, and Anji Convertible Bond, were selected based on certain criteria [61]. 3.4.2 Convertible Bonds with Improving Performance - Four convertible bonds, including Liang 22 Convertible Bond, Site Convertible Bond, Chutian Convertible Bond, and Li'ang Convertible Bond, are recommended for continuous attention [63].

| 证券代码：002645 | 证券简称：华宏科技 | 公告编号：2025-085 | | --- | --- | --- | | 债券代码：127077 | 债券简称：华宏转债 | | 江苏华宏科技股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、担保情况概述 （一）担保审议情况 江苏华宏科技股份有限公司（以下简称"公司"或"华宏科技"）于 2025 年 4 月 23 日召开第七届董事会第二十六次会议，并于 2025 年 5 月 23 日召开 2024 年度股东大会，审议通过了《关于公司及子公司 2025 年度对外担保额度预计的 议案》，同意公司为子公司提供担保额度总计不超过 20 亿元人民币，并授权公 司董事长全权代表公司签署上述担保额度内的各项法律文件，授权期限自公司 2024 年度股东大会批准之日起至 2025 年度股东大会召开之日止。具体内容详见 刊登于《证券时报》《上海证券报》及巨潮资讯网（www.cninfo.com.cn）的《关 于公司及子公司 2025 年度对外担保额度预计的公告》。 （二）担保进展情况 1、公司与中信银行股份 ...

Group 1 - On September 17, Huahong Technology executed a block trade of 1 million shares, with a transaction value of 14.9 million yuan, accounting for 3.15% of the total trading volume for that day [1][2] - The transaction price was 14.90 yuan, which represents a 1% discount compared to the market closing price of 15.05 yuan [1][2]

Market Overview - On September 17, the environmental equipment sector rose by 0.93% compared to the previous trading day, with Guolin Technology leading the gains [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Stock Performance - Guolin Technology (300786) closed at 16.35, with a gain of 5.28% and a trading volume of 297,300 shares, amounting to a transaction value of 488 million yuan [1] - Other notable performers included: - Jilong Environment (000967) at 7.38, up 3.80% with a transaction value of 571 million yuan [1] - Henghe Co., Ltd. (832145) at 23.75, up 2.86% with a transaction value of 46.22 million yuan [1] - Huahong Technology (002645) at 15.05, up 2.52% with a transaction value of 458 million yuan [1] Fund Flow Analysis - The environmental equipment sector experienced a net outflow of 16.04 million yuan from institutional investors, while retail investors saw a net outflow of 2.71 million yuan [2] - Conversely, speculative funds recorded a net inflow of 18.75 million yuan [2] Individual Stock Fund Flow - Guolin Technology had a net outflow of 25.64 million yuan from institutional investors, while it attracted a net inflow of 22.96 million yuan from speculative funds [3] - Huahong Technology saw a net inflow of 19.46 million yuan from institutional investors, but a net outflow of 30.09 million yuan from retail investors [3] - Other stocks like Jilong Environment and 聚光科技 also showed mixed fund flows, indicating varied investor sentiment across the sector [3]

Group 1 - Huahong Technology announced that as of September 16, 2025, any unconverted "Huahong Convertible Bonds" will be forcibly redeemed [2] - Following the redemption, "Huahong Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [2] - Bondholders are advised to convert their bonds before the deadline to avoid forced redemption, especially if their bonds are pledged or frozen [2]

Core Viewpoint - Huahong Technology (002645.SZ) experienced a significant drop in stock price, reaching a new low since August 18, primarily due to shareholder dilution and a large share reduction by a major stakeholder [1] Group 1: Stock Performance - The stock price of Huahong Technology fell by 4.74% to 14.28 yuan, marking a new low in approximately one month [1] - The decline in stock price is attributed to market reactions to recent shareholder activities [1] Group 2: Shareholder Activities - The company announced that the conversion of convertible bonds led to a dilution of shares for major shareholder Zhou Shijie, whose holding percentage fell below 5% [1] - Zhou Shijie reduced his holdings by 2 million shares through block trading, which represents 0.32% of the total share capital after excluding shares in the repurchase account [1] - The change in Zhou Shijie's holdings has reached a whole number multiple of 1% of the company's total share capital [1]

Group 1 - Dayong Co. received approval from the China Securities Regulatory Commission on September 15 to issue stocks to specific investors [1] - Huahong Technology announced that after the market closes on September 16, the unconverted "Huahong Convertible Bonds" will stop conversion, and the remaining convertible bonds will be forcibly redeemed at a price of 100.79 yuan per bond, potentially leading to losses for investors [1] - Chongda Technology indicated that September 16 is the last conversion day for "Chongda Convertible Bonds 2," and after market close, unconverted bonds will stop conversion and be forcibly redeemed [1]