| 证券代码：002645 | 证券简称：华宏科技 公告编号：2025-049 | | --- | --- | | 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 2025 年第二季度可转债转股情况的公告 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。 特别提示： 根据《深圳证券交易所股票上市规则》《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》的有关规定，江苏华宏科技股份有限公司（以 下简称"公司"）现将 2025 年第二季度可转换公司债券（以下简称"可转债"） 转股及公司股份变动情况公告如下： 一、可转债发行上市情况 （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） 1 1、证券代码：00264 ...

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The copper market shows a steady upward trend with LME copper prices increasing by 2.26% to $9,879.00 per ton, while domestic copper prices rose by 2.47% to 79,900 yuan per ton. Supply-side pressures are evident as the processing fee for imported copper concentrate has dropped to -$44.81 per ton, indicating potential supply constraints [1][13] - The aluminum market is stabilizing at the bottom, with LME aluminum prices up by 1.31% to $2,595.00 per ton. However, the operating rate of leading aluminum cable enterprises has decreased to 61.8%, reflecting ongoing demand challenges [2][14] - Gold prices have decreased by 2.90% to $3,286.10 per ounce, influenced by geopolitical tensions and a reduction in SPDR gold holdings, indicating a temporary decline in gold's safe-haven appeal [3][15] - The rare earth sector is experiencing upward momentum, driven by export controls and stable production levels, with expectations of improved supply-demand dynamics and potential price support [3][27][30] Summary by Sections 1. Overview of Bulk and Precious Metals Market - Copper prices are on the rise, with a slight increase in inventory and a decrease in processing fees indicating potential supply issues [1][13] - Aluminum prices are stabilizing, but demand remains weak as indicated by declining operating rates in the industry [2][14] - Precious metals, particularly gold, are facing downward pressure due to geopolitical factors and reduced investment interest [3][15] 2. Updates on Bulk and Precious Metals Fundamentals 2.1 Copper - The copper market is experiencing a robust demand outlook, with potential supply constraints due to declining processing fees and reduced operating rates in key sectors [1][13] 2.2 Aluminum - The aluminum market is stabilizing, but the demand outlook remains weak, as evidenced by declining operating rates in the aluminum cable sector [2][14] 2.3 Precious Metals - Gold prices are under pressure due to geopolitical tensions and a decrease in ETF holdings, reflecting a temporary decline in its safe-haven status [3][15] 3. Updates on Minor Metals and Rare Earths - The rare earth sector is expected to benefit from improved supply-demand dynamics and stable production levels, with potential price support anticipated [3][27][30] - The antimony market is facing downward price pressure, but upcoming regulatory changes may provide a demand boost [4][31] - Molybdenum prices are stabilizing, with low inventory levels and strong demand from the steel sector indicating a positive outlook [4][32] 4. Updates on Energy Metals - Lithium prices have shown slight declines, but production levels are increasing, indicating a stable supply outlook [5] - Cobalt prices have increased, reflecting strong demand in battery applications, while nickel prices are mixed with slight fluctuations [5]

| 证券代码：002645 | 证券简称：华宏科技 公告编号：2025-047 | | --- | --- | | 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 第七届董事会第二十八次会议决议的公告 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、董事会会议召开情况 江苏华宏科技股份有限公司（以下简称"公司"）第七届董事会第二十八次 会议于 2025 年 6 月 17 日以书面专人送达和电子邮件方式发出通知。会议于 2025 年 6 月 20 日以现场与通讯结合方式召开。本次会议由董事长胡品贤女士召集并 主持，应出席董事 9 人，实际出席董事 9 人。本次会议的召集、召开和表决程序 符合《中华人民共和国公司法》和《江苏华宏科技股份有限公司章程》的有关规 定，会议合法有效。 二、董事会会议审议情况 1、审议通过《关于不向下修正"华宏转债"转股价格的议案》 表决结果：在关联董事胡士勇、周世杰回避表决的情况下，7 票同意，0 票 反对，0 票弃权。 具体内容详见同日刊登于《证券时报》《上海证券报》及巨潮资讯网 （www.cninf ...

| 证券代码：002645 | 证券简称：华宏科技 公告编号：2025-048 | | --- | --- | | 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 关于不向下修正"华宏转债"转股价格的公告 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。 特别提示: 1、自 2025 年 5 月 26 日至 2025 年 6 月 20 日，江苏华宏科技股份有限公司 （以下简称"公司"）股票已出现任意连续 30 个交易日中至少有 15 个交易日的 收盘价低于当期转股价格 85%的情形，已触发"华宏转债"转股价格向下修正条 款。 2、经公司第七届董事会第二十八次会议审议通过，公司董事会决定本次不 向下修正"华宏转债"转股价格。 公司于 2025 年 6 月 20 日召开第七届董事会第二十八次会议，审议通过了 《关于不向下修正"华宏转债"转股价格的议案》，具体情况如下： 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 ...

Core Viewpoint - Jiangsu Huahong Technology Co., Ltd. maintains a credit rating of A with a stable outlook for both the company and its related bonds, indicating a solid financial position despite recent challenges [1][4]. Company Overview - The company primarily engages in the sales of renewable resources, magnetic materials, and elevator components, with a focus on research and development [1][18]. - As of March 2025, the company has a registered capital of 582 million yuan and is listed on the Shenzhen Stock Exchange [9][10]. Financial Performance - The total assets of the company as of March 2025 are 60.88 billion yuan, with total liabilities of 15.32 billion yuan [2]. - The company reported a net profit of 0.33 billion yuan, recovering from a loss of 3.51 billion yuan in the previous year [2]. - Revenue for 2024 was 14.36 billion yuan, a significant decrease from 55.76 billion yuan in 2023, while the gross profit margin improved to 9.18% [2][19]. Debt and Credit Rating - The company has issued convertible bonds with a total amount of 5.15 billion yuan, which are being used to supplement working capital [1][8]. - The credit rating model indicates a wealth creation ability score of 3.84 and a debt repayment capacity score of 3.83, reflecting a balanced financial structure [3]. Industry Environment - The renewable resources industry is experiencing significant growth due to government policies promoting recycling and sustainable practices, with a focus on reducing environmental pollution [13][14]. - The demand for recycled steel is increasing, driven by global environmental concerns and the need for sustainable materials in manufacturing [14][16]. Market Trends - The elevator components market is influenced by ongoing demand for new installations and maintenance, although it faces challenges from the real estate sector [17]. - The company is recognized as a high-tech enterprise and is actively involved in developing advanced recycling technologies and equipment [20][21].

Group 1 - The core viewpoint of the news is that Jiangsu Huahong Technology Co., Ltd. has maintained its credit rating of A with a stable outlook for both its corporate and bond ratings [1][2] - The tracking rating report was issued by Dagong Global Credit Rating Co., Ltd. on June 19, 2025, confirming that there were no adjustments to the previous ratings [2] - The previous ratings were also A with a stable outlook, indicating consistency in the company's creditworthiness over time [1][2] Group 2 - The company is subject to the regulations of the China Securities Regulatory Commission regarding the issuance and trading of corporate bonds [1] - The ratings are based on a comprehensive analysis of the company's business, management, and financial conditions [2] - Investors are advised to pay attention to risks and invest cautiously, as highlighted in the announcement [2]

前次主体评级：A；评级展望：稳定；债项评级：A。 本次主体评级：A；评级展望：稳定；债项评级：A 。 根据中国证券监督管理委员会《公司债券发行与交易管理办法》和《深圳证 券交易所公司债券上市规则》的相关规定，江苏华宏科技股份有限公司（以下简 称"公司"）委托信用评级机构大公国际资信评估有限公司（以下简称"大公国 际"）对公司公开发行的可转换公司债券（以下简称"华宏转债"）进行了跟踪 评级。 | 证券代码：002645 | 证券简称：华宏科技 公告编号：2025-046 | | --- | --- | | 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 关于可转换公司债券跟踪评级结果的公告 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。 重要内容提示: 注意风险，谨慎投资。 特此公告。 江苏华宏科技股份有限公司 董 事 会 2025 年 6 月 20 日 2 公司前次主体信用评级结果为：A，评级展望为：稳定，"华宏转债"前次 信用评级结果为：A。评级机构为大公国际，评级时间为 2025 年 4 月 2 日。 近日，大公国际在对公司的 ...

报告名称 江苏华宏科技股份有限公司主体与 相关债项2025年度跟踪评级报告 目录 评定等级及主要观点 被跟踪债券及募集资金使用情况 主体概况 偿债环境 财富创造能力 偿债来源与负债平衡 外部支持 评级结论 联系电话：+86-10-67413300 客服电话：+ 86-4008-84-4008 传真：+86-10-67413555 Email: dagongratings@dagongcredit.com 地址：中国北京市西城区三里河二区甲 18 号院 公司网站：www.dagongcredit.com 华宏科技主体与相关债项 2025 年度跟踪评级报告 信用等级公告 DGZX-R【2025】00575 大公国际资信评估有限公司通过对江苏华宏科技股份有限公司及 "华宏转债"的信用状况进行跟踪评级，确定江苏华宏科技股份有限 公司的主体信用等级维持 A，评级展望维持稳定，"华宏转债"的信用 等级维持 A。 特此公告。 大公国际资信评估有限公司 评审委员会主任： 二〇二五年六月十九日 2 评级小组负责人：张行行 评 级 小 组成 员 ：程春晓 电话：010-67413300 Email：dagongratings@d ...

Core Viewpoint - The metal recycling sector has shown a positive performance, with a 2.10% increase, ranking 8th among concept sectors, driven by significant gains in several stocks [1][2]. Group 1: Sector Performance - As of June 11, the metal recycling concept increased by 2.10%, with 60 stocks rising, including Huayang New Material, Shunbo Alloy, and Huahong Technology reaching their daily limit [1]. - Notable gainers included Haotong Technology, Tengyuan Cobalt, and Lizhong Group, which rose by 8.91%, 7.90%, and 7.60% respectively [1]. - Conversely, the biggest decliners were Fuda Alloy, Jinyuan Co., and Kaili New Material, which fell by 4.40%, 1.41%, and 1.15% respectively [1]. Group 2: Capital Inflow - The metal recycling sector attracted a net inflow of 710 million yuan, with 38 stocks receiving net inflows, and 6 stocks exceeding 50 million yuan in net inflow [2]. - The top stock for net inflow was Northern Rare Earth, with a net inflow of 285 million yuan, followed by Huayang New Material, Huahong Technology, and Lizhong Group with net inflows of 145 million yuan, 91.62 million yuan, and 63.58 million yuan respectively [2]. Group 3: Stock-Specific Data - Huayang New Material, Shunbo Alloy, and Huahong Technology had the highest net inflow ratios at 47.10%, 29.22%, and 19.65% respectively [3]. - The top stocks in the metal recycling sector based on net inflow included Northern Rare Earth, Huayang New Material, and Huahong Technology, with respective daily price increases of 3.44%, 10.09%, and 10.00% [3][4].

Core Viewpoint - The rare earth permanent magnet sector has shown significant growth, with a 4.90% increase, leading the market in terms of gains, driven by strong performances from several key stocks [1][2]. Group 1: Market Performance - As of June 11, the rare earth permanent magnet concept rose by 4.90%, with 58 stocks increasing in value [1]. - Notable gainers include Zhongke Magnetic Materials, which hit a 20% limit up, and other companies like Huayang New Materials and Beikong Technology also reached their upper limits [1]. - The top performers in the sector included Jiuling Technology, Yingsite, and Xic Magnetic Technology, with increases of 29.89%, 13.28%, and 13.15% respectively [1]. Group 2: Capital Inflow - The rare earth permanent magnet sector attracted a net inflow of 1.774 billion yuan, with 40 stocks receiving capital inflow [2]. - Leading the net inflow was Ningbo Yunsheng, with 295 million yuan, followed by Northern Rare Earth and Guangsheng Nonferrous, with inflows of 285 million yuan and 225 million yuan respectively [2]. - Stocks with the highest net inflow ratios included Huayang New Materials at 47.10%, Ningbo Yunsheng at 20.37%, and Huahong Technology at 19.65% [3]. Group 3: Stock Performance Metrics - Key stocks in the rare earth permanent magnet sector showed significant daily performance metrics, with Ningbo Yunsheng increasing by 9.95% and Huayang New Materials by 10.09% [3][4]. - The turnover rates for these stocks were also notable, with Ningbo Yunsheng at 14.38% and Huayang New Materials at 10.20% [3][4]. - Other stocks like Guangsheng Nonferrous and Baogang Co. also demonstrated solid performance with increases of 4.63% and 3.39% respectively [4].