7月15日，红墙转债盘中下跌2.07%报132.553元/张，成交额2834.41万元，转股溢价率13.68%。 资料显示，红墙转债信用级别为"A+"，债券期限6年（本次发行的可转债票面利率第一年0.30%、第二 年0.50%、第三年1.00%、第四年1.70%、第五年2.40%、第六年3.00%），对应正股名称为红墙股份，转 股开始日为2024年4月24日，转股价10.44元。 可转换债券简称可转债，是一种可以在特定时间、按特定条件转换为普通股票的特殊企业债券，兼具债 权和股权的特征。一般而言，持有人可按照发行时约定的价格将债券转换成公司的普通股票的债券。如 果债券持有人不想转换，则可以继续持有债券，直到偿还期满时收取本金和利息，或者在流通市场出售 变现。 资料显示，广东红墙新材料股份有限公司(002809.SZ,以下简称"红墙股份")是中国第一家以混凝土外加 剂为单一主营业务上市的公司。1995年创立,总部坐落在广东省惠州博罗县石湾镇科技产业园区,毗邻广 州增城、东莞城区,处在粤港澳大湾区经济圈中心地带。作为一家持续精进的民营外加剂上市公司,红墙 股份以广东为大本营,在珠三角、长三角、京津冀、华中及西南西 ...

Core Viewpoint - Hongqiang Co., Ltd. (002809) expects a significant decline in net profit for the first half of 2025, with projections indicating a drop of 67.69% to 78.46% compared to the same period last year [1] Financial Performance - The estimated net profit attributable to shareholders is between 6 million to 9 million yuan [1] - The net profit after deducting non-recurring gains and losses is projected to be a loss of 1.5 million to 3 million yuan, representing a decline of 106.30% to 112.59% year-on-year [1] - Basic earnings per share are estimated to be between 0.0284 yuan/share and 0.0427 yuan/share [1] Operational Insights - The company reported an increase in the shipment volume of concrete additives compared to the previous year, although the gross profit margin has decreased [1] - The Daya Bay project was in a trial production phase during the first half of the year, which has led to increased depreciation and amortization expenses, as well as higher period costs impacting overall profits; the project has now officially commenced production [1]

Current Period Performance Forecast This section details the company's performance forecast for the first half of 2025, projecting a significant year-over-year decline in net profit and a net loss after non-recurring items [Performance Forecast Period](index=1&type=section&id=(%E4%B8%80)%20%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%9C%9F%E9%97%B4) This chapter specifies the exact time frame covered by the performance forecast - The performance forecast period is from **January 1, 2025, to June 30, 2025**[3](index=3&type=chunk) [Performance Forecast Overview](index=1&type=section&id=(%E4%BA%8C)%20%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company anticipates a year-over-year decline in its 2025 semi-annual performance, with significant drops in net profit attributable to shareholders and net profit after non-recurring items, the latter expected to be a loss - The projected performance type is a **"year-over-year decline"**[3](index=3&type=chunk) Key Financial Indicators for 2025 Semi-Annual Performance Forecast | Item | Current Period (Estimated) (CNY) | Prior Year Same Period (CNY) | Year-over-Year Change (%) | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | Profit: 6 million – 9 million | Profit: 27.8543 million | Decline: 67.69 - 78.46 | | Net Profit After Non-Recurring Items | Loss: 1.5 million – 3 million | Profit: 23.8275 million | Decline: 106.30 - 112.59 | | Basic Earnings Per Share | Profit: 0.0284 – 0.0427 CNY/share | Profit: 0.1325 CNY/share | - | [Communication with Accounting Firm](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) This section outlines the company's preliminary communication with its accounting firm regarding the performance forecast, confirming no disagreements - The company has conducted preliminary communication with the accounting firm regarding the performance forecast[4](index=4&type=chunk) - There are **no disagreements** between the company and the accounting firm regarding the performance forecast[4](index=4&type=chunk) - This performance forecast has **not been pre-audited** by a certified public accountant[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) This section explains the reasons for the decline in net profit, attributing it to lower gross margins on concrete admixtures and increased expenses from a new project's trial and initial production phases - During the reporting period, the company's net profit attributable to shareholders of the listed company **decreased** compared to the prior year's same period[5](index=5&type=chunk) - Shipments of concrete admixture products increased year-over-year, but the **gross profit margin declined** compared to the prior year's same period[6](index=6&type=chunk) - The company's Daya Bay project was in its trial production phase during the first half, with **depreciation, amortization, and period expenses impacting overall profit**[6](index=6&type=chunk) - The Daya Bay project has now officially commenced production, and the company will actively **improve capacity utilization** to boost corporate profitability[6](index=6&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) This section cautions investors that the performance forecast is preliminary and unaudited, advising prudence until the official semi-annual report is released - This performance forecast is a preliminary estimate by the company's finance department and has **not yet been audited** by an accounting firm[7](index=7&type=chunk) - The specific financial data will be subject to the company's **2025 semi-annual report** disclosure[7](index=7&type=chunk) - Investors are advised to **exercise caution** in their decisions and be aware of investment risks[7](index=7&type=chunk)

Group 1 - The acrylic acid concept sector declined by 0.80%, ranking among the top declines in the concept sector, with companies like AkzoNobel, Tianlong Group, and Guoen Co. experiencing significant drops [1] - Among the acrylic acid concept stocks, three companies saw price increases, with Baolijia, Bohai Chemical, and Hongqiang Co. rising by 0.60%, 0.46%, and 0.24% respectively [1] - The acrylic acid concept sector experienced a net outflow of 213 million yuan in main funds, with Wanhua Chemical leading the outflow at 145 million yuan [2] Group 2 - The top gainers in the concept sector included rare earth permanent magnets with a rise of 5.64%, while the housing inspection sector fell by 1.47% [2] - The main funds saw inflows into satellite chemicals, Xingye Co., and Shenyang Chemical, with net inflows of 42.6 million yuan, 6.8 million yuan, and 2.6 million yuan respectively [2][3] - The acrylic acid concept stocks with the highest net outflows included Tianlong Group and Huayi Group, with outflows of 63.7 million yuan and 18.8 million yuan respectively [2]

Market Overview - As of July 1, the Shanghai Composite Index closed at 3457.75 points, up 13.32 points, with a gain of 0.39% [1] - The Shenzhen Component Index closed at 10476.29 points, up 11.17 points, with a gain of 0.11% [1] - The ChiNext Index closed at 2147.92 points, down 5.10 points, with a loss of 0.24% [1] Trading Activity - A total of 140 A-shares had a turnover rate exceeding 20% on the same day [1] - Notable stocks with high turnover rates included: - C Xintong (证券代码: 001388) with a turnover rate of 82.61% and a price increase of 286.36% [1] - Beifang Changlong (证券代码: 301357) with a turnover rate of 65.99% and a price decrease of 7.75% [1] - Annie Co. (证券代码: 002235) with a turnover rate of 55.73% and a price increase of 10.00% [1] Notable Stocks - Other stocks with significant turnover rates included: - Haoshanghao (证券代码: 001298) with a turnover rate of 55.38% and a price increase of 3.45% [1] - Ruina Intelligent (证券代码: 301129) with a turnover rate of 52.53% and a price increase of 2.39% [1] - Zhili Fang (证券代码: 301312) with a turnover rate of 51.72% and a price increase of 5.79% [1] Additional Trading Insights - The trading data indicates a mix of high volatility among stocks, with some experiencing significant price increases while others faced declines [1][2][3][4] - The overall market sentiment appears to be cautious, as evidenced by the mixed performance of major indices and individual stocks [1][2][3][4]

本公司及全体董事保证本公告内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 特别提示： 可转债转股情况：截至 2025 年 6 月 30 日，累计共有人民币 14,746,700 元 "红墙转债"已转换成公司股票，累计转股数量为 1,373,043 股，占可转债转 股前公司已发行股份总额的 0.65%。 证券代码：002809 债券代码：127094 证券简称：红墙股份 债券简称：红墙转债 公告编号：2025-041 广东红墙新材料股份有限公司 关于 2025 年第二季度可转债转股情况暨股份变动的公告 截至本公告披露日，"红墙转债"转股价格为 10.44 元/股。 二、"红墙转债"转股及股份变动情况 未转股可转债情况：尚未转股的"红墙转债"金额为人民币 301,253,300 元，占可转债发行总量的 95.33%。 本季度转股情况：自 2025 年 4 月 1 日至 2025 年 6 月 30 日，共有 14,727,500 元"红墙转债"已转换成公司股份，本期因转股形成的股份数量为 1,371,279 股。 一、可转换公司债券发行上市概况 （一）可转换公司债券基本情况 根据中国证券监督管理委员会 ...

Group 1 - The chemical sector experienced a collective rebound on July 1, with Hongbaoli leading the surge by hitting the daily limit up [1] - Other stocks such as Shandong Heda, Changqing Technology, and Baihehua also reached the daily limit up, indicating strong market interest in the sector [1] - Hongbaoli's trading volume reached 240 million yuan, with a turnover rate of 3.57%, highlighting its active trading status [1] Group 2 - The chemical industry is a fundamental sector of the national economy, with products widely used in construction, automotive, and electronics [2] - The performance of the chemical sector is closely linked to macroeconomic trends, reflecting the industry's sensitivity to economic conditions [2]

Group 1 - The company Guangdong Redwall New Materials Co., Ltd. issued convertible bonds to unspecified investors, with a total fundraising amount of RMB 316 million [2][3][24] - The bonds will be listed on the Shenzhen Stock Exchange starting November 8, 2023, under the name "Redwall Convertible Bonds" and code "127094" [3][4] - The bonds have a maturity period of 6 years, from October 18, 2023, to October 17, 2029, with an annual interest rate that increases over the years [3][4][5] Group 2 - The initial conversion price for the bonds is set at RMB 10.89 per share, with provisions for adjustments based on corporate actions such as stock dividends or capital increases [5][6][8] - The company has established a fundraising management system to ensure the proper use of the raised funds, which will be allocated to specific projects [17][24] - The company has a credit rating of "A_+_" with a stable outlook, and the bonds are guaranteed by the company's actual controller and his spouse [17][19] Group 3 - The company reported a revenue of approximately RMB 675 million for 2024, a decrease of 11.23% compared to the previous year [23] - The net profit attributable to shareholders decreased by 42.98% to approximately RMB 48.76 million [23] - The company has established over 20 production bases across the country to effectively serve local customers [22][23]

证券代码：002809 证券简称：红墙股份 转债代码：127094 转债简称：红墙转债 中泰证券股份有限公司 关于广东红墙新材料股份有限公司 向不特定对象发行可转换公司债券 受托管理事务报告 （2024 年度） 受托管理人 二零二五年六月 1 重要声明 本报告依据《可转换公司债券管理办法》（以下简称"管理办法"）、《广东红墙新材料 股份有限公司（发行人）与中泰证券股份有限公司（受托管理人）关于广东红墙新材料股 份有限公司可转换公司债券之债券受托管理协议》（以下简称"受托管理协议"）、《广东红 墙新材料股份有限公司向不特定对象发行可转换公司债券募集说明书》（以下简称"募集说 明书"）、《广东红墙新材料股份有限公司 2024 年年度报告》等相关文件、第三方中介机构 出具的专业意见等，由本次可转换公司债券受托管理人中泰证券股份有限公司（以下简称 "中泰证券"）编制。中泰证券对本报告中所包含的从上述文件中引述内容和信息未进行独 立验证，也不就该等引述内容和信息的真实性、准确性和完整性做出任何保证或承担任何 责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关事宜做出 独立判断，而不应将本报告中的 ...

Core Viewpoint - The concrete admixture market in China is experiencing a downturn due to the ongoing adjustments in the real estate sector, leading to a projected market size decrease to 49.45 billion yuan in 2024, a year-on-year decline of 9.04% [1][10]. Industry Overview - The concrete admixture is defined as materials added to concrete to improve its performance, excluding cement, aggregates, water, and fibers [2]. - The industry is significantly influenced by macroeconomic factors such as economic growth and investment scale, with infrastructure investments providing some growth opportunities despite overall economic pressures [4]. Market Demand - The primary demand for concrete admixtures comes from infrastructure construction and the real estate market, with fixed asset investment in China projected at 51.437 trillion yuan in 2024, a growth of 3.2%, while real estate development investment is expected to decrease by 10.6% [8]. - The concrete production volume is anticipated to drop to 2.101 billion cubic meters in 2024, reflecting a year-on-year decrease of 12.34% [8]. Competitive Landscape - The concrete admixture industry is facing intense competition, with many companies struggling due to a prolonged downturn in demand, particularly from the real estate sector transitioning from new construction to existing property management [13]. - Despite the challenges, several companies have distinguished themselves through superior technology and product quality, as evidenced by the top ten companies listed in the concrete admixture sector [13]. Key Companies - Jiangsu Subote New Materials Co., Ltd. reported a total revenue of 3.555 billion yuan in 2024, with 2.583 billion yuan from admixture business, accounting for 72.66% of total revenue [15]. - Leizhi Holding Group Co., Ltd. achieved a revenue of 2.617 billion yuan in 2024, with 1.955 billion yuan from admixture materials, representing 74.70% of total revenue [17]. Development Trends - The demand for high-performance admixtures is expected to grow, including multifunctional admixtures that can reduce costs and improve construction efficiency [19]. - There is a rising trend towards environmentally friendly admixtures, with companies encouraged to develop and apply bio-based and low-VOC products to meet market demands for green building materials [19].