证券日报网讯 8月13日晚间，利民股份发布公告称，公司第六届董事会第八次会议审议通过了《关于不 提前赎回"利民转债"的议案》。 （文章来源：证券日报） ...

Group 1 - The company announced that its sixth session of the eighth board meeting was held on August 13, 2025 [2] - The meeting reviewed the proposal regarding the non-early redemption of "Limin Convertible Bonds" [2]

Core Viewpoint - The company has decided not to exercise the early redemption rights for its convertible bonds, "Li Min Convertible Bonds," based on current market conditions and to protect investor interests [1][8]. Summary by Sections Convertible Bond Issuance Overview - The company issued a total of 980 million RMB in convertible bonds, with a face value of 100 RMB each, amounting to 9.8 million bonds, with a maturity of 6 years [1][2]. Listing and Conversion Details - The convertible bonds were listed on March 24, 2021, and the conversion period started on September 6, 2021, lasting until the maturity date on February 28, 2027 [2][3]. Conversion Price Adjustments - The conversion price has been adjusted multiple times due to profit distribution plans: - From 14.23 RMB to 13.98 RMB on June 2, 2021 [2] - From 13.98 RMB to 11.20 RMB on May 24, 2022 [3] - From 11.20 RMB to 10.95 RMB on June 16, 2023 [4] - From 10.75 RMB to 8.50 RMB on July 19, 2024 [5] - From 8.50 RMB to 8.35 RMB on October 18, 2024 [5] - From 8.35 RMB to 8.10 RMB on May 28, 2025 [6] Conditional Redemption Terms - The company has set conditional redemption terms, allowing for redemption if the stock price exceeds 130% of the conversion price for 15 out of 30 trading days or if the unconverted bond balance falls below 30 million RMB [6][7]. Current Redemption Status - As of July 24, 2025, the stock price has met the conditions for potential redemption, but the company has opted not to redeem the bonds early [8]. Board Decision and Future Considerations - The board has resolved not to exercise the early redemption rights for the next three months, even if the redemption conditions are met again [8][9]. The board will reconvene to decide on any future redemption actions after November 13, 2025 [8]. Shareholder Transactions - Key executives and board members have shown confidence in the company by purchasing convertible bonds, with specific amounts disclosed [9][10]. There are currently no plans for these individuals to reduce their holdings in the bonds [10].

Group 1 - The company held its sixth board meeting, with all 11 directors present, and the meeting was conducted in accordance with relevant regulations [1] - The board unanimously approved the proposal not to redeem the "Limin Convertible Bonds" in advance, with 11 votes in favor and no opposition or abstentions [1] - The details of the proposal are available in the announcements published in "Securities Times," "China Securities Journal," and on the Giant Tide Information website [1]

股票代码：002734 股票简称：利民股份 公告编号：2025-068 债券代码：128144 债券简称：利民转债 利民控股集团股份有限公司 关于不提前赎回利民转债的公告 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： 依据利民控股集团股份有限公司（以下简称"公司"）《公开发行可转换公司债 券募集说明书》（以下简称《募集说明书》）与《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》等相关文件，自 2025 年 7 月 24 日至 2025 年 8 月 13 日，公司股票已有 15 个交易日的收盘价不低于"利民转债"当期转股价格（即 8.10 元/股）的 130%（即 10.53 元/股），已触发"利民转债"有条件赎回条款。 公司于 2025 年 8 月 13 日召开第六届董事会第八次会议，审议通过了《关于不 提前赎回"利民转债"的议案》，公司董事会决定本次不行使"利民转债"提前赎 回权利，并决定自本次董事会审议通过后 3 个月内（即 2025 年 8 月 14 日至 2025 年 11 月 13 日），若再触发"利民转债"有条件 ...

债券代码：128144 债券简称：利民转债 股票代码：002734 股票简称：利民股份 公告编号：2025-067 利民控股集团股份有限公司 利民控股集团股份有限公司（以下简称"公司"）第六届董事会第八次会议于 2025 年 8 月 13 日 15:00 以现场和通讯表决相结合方式在子公司双吉化工会议室召 开。应出席本次会议的董事 11 名，实际出席会议的董事 11 名。会议由董事长李新 生先生主持。公司全体监事及高级管理人员列席了会议。本次会议的出席人数、召 开表决程序、议事内容均符合《公司法》《公司章程》等有关规定。 经与会董事认真讨论，会议以赞成票 11 票，反对票 0 票，弃权票 0 票，审议 通过了《关于不提前赎回"利民转债"的议案》。 本议案具体内容详见《证券时报》《中国证券报》和巨潮资讯网上披露的《公 司关于不提前赎回利民转债的公告》。 备查文件： 1、公司第六届董事会第八次会议决议； 2、深圳证券交易所要求的其他文件。 特此公告。 利民控股集团股份有限公司董事会 2025 年 08 月 13 日 - 1 - 第六届董事会第八次会议决议公告 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 ...

Market Overview - The agricultural chemical sector experienced a decline of 0.3% on August 12, with Fengshan Group leading the losses [1] - The Shanghai Composite Index closed at 3665.92, up 0.5%, while the Shenzhen Component Index closed at 11351.63, up 0.53% [1] Individual Stock Performance - Guoguang Co. (002749) closed at 15.88, up 2.98% with a trading volume of 53,500 shares and a turnover of 84.32 million yuan [1] - Runfeng Co. (301035) closed at 67.50, up 1.67% with a trading volume of 13,400 shares and a turnover of 89.47 million yuan [1] - Yuntianhua (600096) closed at 25.30, up 1.61% with a trading volume of 271,900 shares and a turnover of 687 million yuan [1] - Fengshan Group (603810) closed at 16.65, down 4.37% with a trading volume of 43,800 shares and a turnover of 73.67 million yuan [2] Capital Flow Analysis - The agricultural chemical sector saw a net outflow of 531 million yuan from institutional investors, while retail investors contributed a net inflow of 231 million yuan [2] - Yuntianhua experienced a net outflow of 38.85 million yuan from institutional investors, while retail investors had a net inflow of 42.35 million yuan [3] - Fengshan Group had a net inflow of 7.39 million yuan from institutional investors, but a significant net outflow of 18.66 million yuan from retail investors [3]

Group 1 - A total of 155 stocks in the Shanghai and Shenzhen markets have experienced net financing inflows for 5 consecutive days or more as of August 11 [1] - The stock with the longest consecutive net inflow is Huicheng Environmental Protection, which has seen net inflows for 21 trading days [1] - Other notable stocks with significant consecutive net inflows include China High-Tech, Taijing Technology, Sailun Biology, Tanshan Explorer, Hengsheng Electronics, Three Gorges New Materials, New Jingang, and Limin Co., which have all recorded net inflows for 12 or 11 trading days respectively [1]

Investment Rating - The industry investment rating is "Outperform" [2] Core Views - The report highlights a positive performance in the PEEK sector, with key companies such as Wanhua Chemical, Yangnong Chemical, and Hualu Hengsheng being recommended for investment. The focus is also on pesticide anti-involution strategies, particularly with Limin Co. [5][6] - The basic chemical sector has shown a weekly increase of 2.33%, outperforming the CSI 300 index by 1.1 percentage points [6][18] Summary by Sections Industry Overview - The closing index for the basic chemical sector is at 3814.15, with a 52-week high of 3814.15 and a low of 2687.54 [2] - Year-to-date performance shows the basic chemical index has decreased by 10.38%, while the CSI 300 index has increased by 21.22%, indicating a lag of 10.84 percentage points [18] Weekly Performance - The report notes significant stock price fluctuations, with notable increases in companies like Kexin New Energy (53.05%), Anli Co. (51.60%), and Xinhang New Materials (45.88%) [7][19] - Conversely, companies such as Lianhua Technology (-10.41%) and Cangzhou Dahua (-8.80%) experienced declines [8][21] Commodity Price Movements - Key commodities that saw price increases include formic acid (28.62%), broiler chicks (21.93%), and dichloromethane (17.50%) [9][24] - Notable price decreases were observed in commodities like sucralose (-28.00%) and eggs (-8.48%) [27][28] Key Company Ratings and Forecasts - Wanhua Chemical is rated "Buy" with a closing price of 60.8 CNY and a market cap of 190.33 billion CNY [11] - Yangnong Chemical is also rated "Buy" with a closing price of 64.7 CNY and a market cap of 26.23 billion CNY [11] - Other companies such as Hualu Hengsheng and Sailun Tire are similarly rated "Buy" with respective closing prices of 23.8 CNY and 13.1 CNY [11]

Core Insights - As of August 8, a total of 160 stocks in the Shanghai and Shenzhen markets have experienced net financing inflows for five consecutive days or more [1] - The stock with the longest consecutive net inflow is Huicheng Environmental, which has seen net buying for 20 trading days [1] - Other notable stocks with significant consecutive net inflows include China Baowu, Jichuan Pharmaceutical, Taijing Technology, Sairun Bio, Tanshan, Hengsheng Electronics, China High-Tech, Xinjin Steel, Limin Co., and CIMC Vehicles, with net inflows for 14, 13, 11, 11, 11, 11, 11, 10, 10, and 10 trading days respectively [1]