Market Overview - On September 12, the environmental equipment sector declined by 0.62%, with Qingda Environmental leading the drop [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Stock Performance - Notable gainers in the environmental equipment sector included Jiuwu Gaoke, which rose by 2.78% to a closing price of 36.58, and Huahong Technology, which increased by 0.93% to 15.21 [1] - Qingda Environmental saw a significant decline of 2.96%, closing at 29.18, while Hengyan Environmental fell by 2.88% to 25.64 [2] Trading Volume and Capital Flow - The environmental equipment sector experienced a net inflow of 13.36 million yuan from institutional investors, while retail investors saw a net outflow of 95.04 million yuan [2] - Jiuwu Gaoke had the highest net inflow from institutional investors at 49.84 million yuan, while retail investors had a net outflow of 71.24 million yuan [3] Individual Stock Analysis - Jiuwu Gaoke's trading volume was 130,700 hands with a transaction value of 471 million yuan [1] - Huahong Technology had a trading volume of 222,500 hands and a transaction value of 336 million yuan [1] - Qingda Environmental's trading volume was 13,300 hands with a transaction value of 39.42 million yuan [2]

Core Viewpoint - Jiangsu Huahong Technology Co., Ltd. has announced the redemption of its convertible bonds ("Huahong Convertible Bonds") and the cessation of conversion rights, urging investors to convert their bonds before the deadline [2][4]. Group 1: Redemption Details - The last conversion date for "Huahong Convertible Bonds" is September 16, 2025, after which unconverted bonds will be redeemed [2][4]. - The redemption price is set at 100.79 yuan per bond, which includes accrued interest at an annual rate of 1% [3][14]. - The bonds will stop trading on September 12, 2025, and the redemption registration date is September 16, 2025 [4][5]. Group 2: Bond Issuance and Trading - The company issued 515 million yuan worth of convertible bonds, with a face value of 100 yuan each, totaling 5.15 million bonds [6][7]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting January 10, 2023 [7]. Group 3: Conversion and Redemption Conditions - The conversion period for the bonds began on June 8, 2023, and will end on December 1, 2028 [8]. - The bonds can be redeemed if the company's stock price exceeds 130% of the conversion price for at least 15 trading days within a 30-day period [11][12]. Group 4: Important Dates and Procedures - The redemption date is September 17, 2025, with funds reaching investors' accounts by September 24, 2025 [5][18]. - Investors must convert their bonds through the securities company that holds their bonds, with a minimum conversion unit of one bond [20].

Group 1 - Huahong Technology announced that the "Huahong Convertible Bonds" will be forcibly redeemed after the market closes on September 16, 2025, if not converted [2] - Following the redemption, the "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] Group 2 - The redemption price of the "Huahong Convertible Bonds" may differ significantly from the market price prior to the suspension of trading and conversion [2] - Investors who fail to convert their bonds in a timely manner may face potential losses [2]

9月11日，华宏科技大宗交易成交100万股，成交额1492万元，占当日总成交额的3.2%，成交价14.92 元，较市场收盘价15.07元折价1%。 | 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | 2025-09-11 | 002645 | 华宏科技 | 14.92 | 100.00 | 1,492.00华福证券有限责任 | 华泰证券股份有限 | | | | | | | 公司上海浦明路证 | 公司上海徐汇区龙 | | | | | | | 券营业部 | 启路证券营业部 | ...

Market Performance - On September 11, the environmental equipment sector rose by 1.21%, with Meiyetech leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Individual Stock Performance - Meiyetech (688376) closed at 56.22, up 6.24% with a trading volume of 44,900 lots and a transaction value of 247 million [1] - Hengying Environmental (688309) closed at 26.40, up 3.86% with a trading volume of 26,200 lots and a transaction value of 67.55 million [1] - ST Qingyan (301288) closed at 17.80, up 3.13% with a trading volume of 24,300 lots and a transaction value of 43.20 million [1] - Guolin Technology (300786) closed at 15.61, up 3.10% with a trading volume of 105,600 lots and a transaction value of 162 million [1] - Qinda Environmental (688501) closed at 30.07, up 2.91% with a trading volume of 27,600 lots and a transaction value of 82.26 million [1] Capital Flow Analysis - The environmental equipment sector experienced a net outflow of 75.53 million from institutional investors, while retail investors saw a net inflow of 113 million [2][3] - The main capital inflow was observed in Huahong Technology (002645) with a net outflow of 51.24 million from institutional investors [3] - Meiyetech (688376) had a net inflow of 26.29 million from institutional investors, despite a net outflow from retail investors [3]

| 证券代码：002645 | 证券简称：华宏科技 | 公告编号：2025-080 | | --- | --- | --- | | 债券代码：127077 | 债券简称：华宏转债 | | 2、截至 2025 年 9 月 11 日收市后，距离"华宏转债"停止转股并赎回仅剩 3 个交易日。投资者如未及时转股，可能面临损失。敬请投资者仔细阅读本公告 内容，关注相关风险。 江苏华宏科技股份有限公司 关于"华宏转债"赎回实施暨即将停止转股的 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。 特别提示: 重要内容提示: 1、最后转股日：2025 年 9 月 16 日 因"华宏转债"已停止交易，本公司特提醒投资者在期限内转股。2025 年 9 月 16 日是"华宏转债"最后一个转股日，当日收市前，持有"华宏转债"的投 资者仍可进行转股；2025 年 9 月 16 日收市后，未转股的"华宏转债"将停止转 股。 1、"华宏转债"赎回价格：100.79 元/张（含当期应计利息，当期年利率 为 1%，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 ...

Core Viewpoint - Huahong Technology has shown significant stock performance and financial growth, indicating strong market interest and operational success in the recycling and resource utilization sectors [1][2]. Financial Performance - As of June 30, Huahong Technology achieved a revenue of 3.159 billion yuan, representing a year-on-year growth of 17.17% [2]. - The net profit attributable to the parent company reached 79.6328 million yuan, marking a substantial increase of 3480.57% year-on-year [2]. - The company has distributed a total of 354 million yuan in dividends since its A-share listing, with 116 million yuan distributed in the last three years [3]. Stock Market Activity - On September 11, Huahong Technology's stock price increased by 2.05%, reaching 14.95 yuan per share, with a trading volume of 183 million yuan and a turnover rate of 2.27% [1]. - The stock has appreciated by 119.21% year-to-date, with a 1.01% increase over the last five trading days, 10.25% over the last 20 days, and 66.48% over the last 60 days [1]. - The company has appeared on the "龙虎榜" (a list of stocks with significant trading activity) nine times this year, with the most recent appearance on August 19 [1]. Business Segments - Huahong Technology's main business segments include comprehensive utilization of rare earth resources (49.56% of revenue), sales of magnetic materials (23.77%), recycling equipment sales (10.45%), elevator components (9.83%), and waste recovery and trade (4.68%) [1]. - The company operates within the environmental protection industry, specifically in the sectors of recycling equipment and waste management [2]. Shareholder Information - As of June 30, the number of shareholders for Huahong Technology was 34,700, a decrease of 26.48% from the previous period, while the average number of tradable shares per shareholder increased by 36.03% to 14,787 shares [2].

Core Viewpoint - Huahong Technology announced the mandatory redemption of "Huahong Convertible Bonds" if not converted by the close of trading on September 16, 2025, leading to their delisting from the Shenzhen Stock Exchange [1] Group 1 - The company has set a deadline for bondholders to convert their "Huahong Convertible Bonds" before mandatory redemption occurs [1] - Bondholders are advised to resolve any pledges or freezes on their "Huahong Convertible Bonds" before the conversion deadline to avoid being forced into redemption [1]

| 证券代码：002645 | 证券简称：华宏科技 | 公告编号：2025-079 | | --- | --- | --- | | 债券代码：127077 | 债券简称：华宏转债 | | 4、"华宏转债"赎回登记日：2025 年 9 月 16 日 5、"华宏转债"停止转股日：2025 年 9 月 17 日 6、"华宏转债"赎回日：2025 年 9 月 17 日 江苏华宏科技股份有限公司 关于提前赎回"华宏转债"的第十一次提示性公告 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。 特别提示: 1、"华宏转债"赎回价格：100.79 元/张（含当期应计利息，当期年利率 为 1%，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 8 月 26 日 3、"华宏转债"停止交易日：2025 年 9 月 12 日 7、发行人资金到账日（到达中登公司账户）：2025 年 9 月 22 日 8、投资者赎回款到账日：2025 年 9 月 24 日 9、赎回类别：全部赎回 10、最 ...

华宏科技今年以来股价涨121.41%，近5个交易日跌8.93%，近20日涨8.32%，近60日涨51.15%。 今年以来华宏科技已经9次登上龙虎榜，最近一次登上龙虎榜为8月19日。 资料显示，江苏华宏科技股份有限公司位于江苏省江阴市周庄镇澄杨路1118号，成立日期2004年8月19 日，上市日期2011年12月20日，公司主营业务涉及再生资源加工设备业务和废弃资源综合利用业务,电 梯部件业务板块,稀土废料综合利用领域。主营业务收入构成为：稀土资源综合利用49.56%，磁性材料 销售23.77%，再生资源加工设备销售10.45%，电梯零部件销售9.83%，废料回收加工及贸易4.68%，其 他1.71%。 华宏科技所属申万行业为：环保-环保设备Ⅱ-环保设备Ⅲ。所属概念板块包括：节能环保、汽车拆解、 稀土永磁、垃圾分类、小盘等。 截至6月30日，华宏科技股东户数3.47万，较上期减少26.48%；人均流通股14787股，较上期增加 36.03%。2025年1月-6月，华宏科技实现营业收入31.59亿元，同比增长17.17%；归母净利润7963.28万 元，同比增长3480.57%。 分红方面，华宏科技A股上市后累计 ...