债券代码：127088 债券简称：赫达转债 证券代码：002810 证券简称：山东赫达 公告编号：2025-045 山东赫达集团股份有限公司 关于第九届董事会第二十三次会议决议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整， 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 山东赫达集团股份有限公司（以下简称"公司"）已于 2025 年 7 月 2 日以电话及书面方式向公司全体董事和监事发出了关于召开第 九届董事会第二十三次会议的通知（以下简称"本次会议"或"会议"）。 本次会议于 2025 年 7 月 4 日在公司会议室召开，应出席董事 7 人， 实际出席董事 7 人，会议由董事长毕于东先生召集并主持，本次会议 以现场结合通讯会议方式召开。本次会议召集和召开程序符合《中华 人民共和国公司法》《深圳证券交易所股票上市规则》和《公司章程》 的有关规定。 二、董事会会议审议情况 经全体与会董事认真审议，作出决议如下： 1、审议通过《关于变更部分募集资金用途的议案》。 表决结果：7 票赞成，0 票反对，0 票弃权。 《公司关于变更部分募集资金用途的公告》刊登于 2025 年 7 月 7 ...

债券代码：127088 债券简称：赫达转债 证券代码：002810 证券简称：山东赫达 公告编号：2025-044 山东赫达集团股份有限公司 关于归还暂时补充流动资金的闲置募集资金的公告 山东赫达集团股份有限公司（以下简称"公司"）于 2024 年 7 月 23 日召开了第九届董事会第十二次会议和第九届监事会第九次会 议，审议通过了《关于使用部分闲置募集资金暂时补充流动资金的议 案》，同意公司使用不超过 12,000.00 万元的闲置募集资金暂时补充 流动资金，使用期限不超过董事会批准之日起 12 个月，到期将归还 至募集资金专户。 具体内容详见公司于 2024 年 7 月 24 日披露的《关于使用部分闲 置募集资金暂时补充流动资金的公告》（公告编号：2024-051）。 二、本次归还用于暂时补充流动资金的闲置募集资金情况 在使用闲置募集资金暂时补充流动资金期间，公司严格按照相关 规定，未使用闲置募集资金进行证券投资，暂时补充的流动资金仅用 于与主营业务相关的日常经营，未通过直接或间接安排用于新股配售、 申购，或用于股票及其衍生品种、可转换公司债券等的交易，不存在 损害股东利益的情形。 公司实际使用闲置募集资 ...

Core Points - The announcement details the conversion of the company's convertible bonds and the changes in its share capital structure [1][4][5] Group 1: Convertible Bond Issuance - The company issued 6 million convertible bonds with a total value of 600 million yuan, each with a face value of 100 yuan, on July 3, 2023 [1] - The bonds are set to be traded on the Shenzhen Stock Exchange starting July 19, 2023, under the name "赫达转债" [1] - The conversion period for the bonds is from January 8, 2024, to July 2, 2029 [1] Group 2: Conversion Price Adjustments - The initial conversion price was set at 17.40 yuan per share, which was later adjusted to 17.19 yuan per share effective July 5, 2024 [2] - Following the completion of a stock repurchase, the conversion price was further adjusted to 17.00 yuan per share effective November 28, 2024 [3] - The conversion price was subsequently adjusted to 16.85 yuan per share, effective January 3, 2025 [3] Group 3: Share Capital Changes - As of June 30, 2025, there are 5,998,633 convertible bonds remaining, with a total remaining value of 599,863,300 yuan [4] - The total share capital of the company is 348,136,913 shares, with 28,126,820 shares being subject to restrictions [4] - The distribution plan for the third quarter includes a cash dividend of 1.50 yuan per 10 shares [3]

Core Viewpoint - The company, Shandong Heda Group Co., Ltd., has announced a share repurchase plan using its own funds to buy back a portion of its issued A-shares, with the total repurchase amount ranging from RMB 50 million to RMB 100 million, and a maximum repurchase price of RMB 18.00 per share [2][3]. Group 1: Share Repurchase Plan - The company will use its own funds to repurchase shares through centralized bidding, with the total repurchase amount set between RMB 50 million and RMB 100 million [2]. - The repurchase price will not exceed RMB 18.00 per share, and the implementation period is within 12 months from the board's approval date [2][3]. - As of June 30, 2025, the company has repurchased a total of 1,687,700 shares, accounting for approximately 0.4848% of the total share capital, with the highest transaction price at RMB 12.079 per share and the lowest at RMB 11.10 per share [3]. Group 2: Compliance and Future Actions - The share repurchase complies with relevant laws and regulations, and the company will continue to implement the repurchase plan based on market conditions [3]. - The company is required to disclose the progress of the repurchase on the first three trading days of each month [3].

债券代码：127088 债券简称：赫达转债 山东赫达集团股份有限公司 关于回购公司股份进展的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 山东赫达集团股份有限公司（以下简称"公司"）于 2025 年 4 月 15 日召开第九届董事会第二十一次会议，审议通过了《关于回购公司 股份方案的议案》，同意公司使用自有资金以集中竞价交易方式回购 公司部分已发行的人民币普通股（A 股）股票，回购股份全部用于转 换上市公司发行的可转换为股票的公司债券。本次回购资金总额不低 于人民币 5,000 万元（含），不超过人民币 10,000 万元，回购价格不 超过人民币 18.00 元/股。本次回购股份的实施期限为自公司董事会 审议通过本次回购方案之日起 12 个月内。具体内容详见公司于 2025 年 4 月 16 日、2025 年 4 月 18 日在巨潮资讯网（www.cninfo.com.cn） 披露的《关于回购公司股份方案的公告》（公告编号：2025-013）、《回 购股份报告书》（公告编号：2025-015）。 根据《深圳证券交易所上市公司自律监管指引第 9 号——回 ...

债券代码：127088 债券简称：赫达转债 证券代码：002810 证券简称：山东赫达 公告编号：2025-043 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、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 证券代码：002810 证券简称：山东赫达 债券代码：127088 债券简称：赫达转债 山东赫达集团股份有限公司 关于 2025 年第二季度可转换公司债券转股情况 转股价格：16.85 元/股 转股起始时间：2024 年 1 月 8 日至 2029 年 7 月 2 日 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》等有关规定，山东赫 达集团股份有限公司（以下简称"公司"）现将 2025 年第二季度可 转换公司债券转股及公司股份变动情况公告如下： 一、可转债发行上市概况 根据中国证券监督管理委员会《关于同意山东赫达集团股份有 限公司向不特定对象发行可转换公司债券注册的批复》（证监许可 〔2023〕1099 号），公司于 2023 年 7 月 3 日公开发行了 600.00 万张 可转债，每张面值 100 元，发行总额 60, ...

山东赫达专注于纤维素醚等化工产品生产。长青科技主要从事农药中间体及原药制造。百合花则是钛白 粉行业的重要参与者。 化工板块的集体走强反映出市场对相关产业链的关注度提升。环氧丙烷、聚氨酯等化工原料在建筑保 温、制冷设备等下游应用领域需求稳定。 兴业股份在功能性薄膜材料方面具备竞争优势。红墙股份专业生产羟基酯类产品。北化股份则是硝化棉 等军工化工材料的主要供应商。 7月1日午后，化工板块出现集体反弹态势。红宝丽直线封涨停板，成为板块领涨标的。山东赫达、长青 科技、百合花等个股同样实现涨停。 兴业股份、红墙股份、北化股份等多只化工股涨幅超过5%。渝三峡A、华融化学、山东海化等相关个 股亦出现不同程度上涨。 据悉，红宝丽当日成交额达到2.40亿元，换手率为3.57%。该公司主营环氧丙烷衍生品业务，包括聚氨 酯硬泡组合聚醚、异丙醇胺系列产品等。公司在环氧丙烷及聚氨酯保温板领域具备技术优势。 与此同时，渝三峡A在涂料业务方面保持稳定发展。华融化学聚焦精细化工产品制造。山东海化则在纯 碱、溴素等基础化工领域占据重要地位。 化工行业作为国民经济基础产业，其产品广泛应用于建筑、汽车、电子等多个领域。行业景气度变化往 往与宏观经 ...

Core Viewpoint - The announcement details the interest payment for the convertible bonds issued by Shandong Heda Group Co., Ltd., specifying the interest rates, payment dates, and tax implications for bondholders [1][4][6]. Group 1: Bond Details - The convertible bonds, referred to as "Heda Convertible Bonds," have a face value of 1,000 yuan, with an interest payment of 5.00 yuan per 10 bonds (including tax) for the second year [1][4]. - The interest rates for the bonds are structured as follows: 1.00% for the third year, 1.50% for the fourth year, 2.00% for the fifth year, and 3.00% for the sixth year [1][4]. - The interest payment period for the current year is from July 3, 2024, to July 2, 2025, with the payment made within five trading days after the interest payment date [4][5]. Group 2: Tax Implications - Individual bondholders and securities investment funds will have a 20% tax rate deducted from their interest income, resulting in an actual payment of 4.00 yuan per 10 bonds [4][6]. - Qualified foreign institutional investors (QFII and RQFII) are exempt from corporate income tax and value-added tax, receiving the full interest amount of 5.00 yuan per 10 bonds [4][6]. - Other bondholders are responsible for paying their own interest income tax, as the company will not withhold taxes for them [4][6]. Group 3: Payment Process - The company will entrust China Securities Depository and Clearing Corporation Limited Shenzhen Branch to handle the interest payment process [5][6]. - The interest will be transferred to designated bank accounts, and the payment will be made through the settlement system to the respective payment points chosen by the bondholders [5][6].

债券代码：127088 债券简称：赫达转债 证券代码：002810 证券简称：山东赫达 公告编号：2025-041 山东赫达集团股份有限公司 关于可转换公司债券 2025 年付息的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1、"赫达转债"将于 2025 年 7 月 3 日按面值支付第二年利息， 每 10 张债券（面值 1,000 元）利息为 5.00 元（含税）； 2、债权登记日：2025 年 7 月 2 日（星期三）； 3、除息日：2025 年 7 月 3 日（星期四）； 4、付息日：2025 年 7 月 3 日（星期四）； 5、"赫达转债"票面利率为：第一年 0.20%，第二年 0.50%，第 三年 1.00%，第四年 1.50%，第五年 2.00%，第六年 3.00%。 6、"赫达转债"本次付息的债权登记日为 2025 年 7 月 2 日，凡 在 2025 年 7 月 2 日（含）前买入并持有本期债券的投资者享有本次 派发的利息。2025 年 7 月 2 日卖出本期债券的投资者不享有本次派 发的利息。在付息债权登记日前（包括付息债 ...

Core Viewpoint - Shandong Heda Group Co., Ltd. maintains a stable credit rating of AA- for both its corporate entity and its convertible bonds, indicating strong financial health and operational stability [1][4][5]. Company Overview - Shandong Heda primarily engages in the production of cellulose ether and plant capsules, maintaining certain technological and cost advantages [5][6]. - The company has been recognized as a "Little Giant" enterprise by the Ministry of Industry and Information Technology, reflecting its specialized and innovative capabilities [6][17]. Financial Performance - The revenue from cellulose ether has increased due to higher sales in pharmaceuticals, food, and industrial applications, while plant capsule revenue has also grown due to increased inventory for overseas sales [5][6]. - The gross margin for cellulose ether has decreased significantly, down 6.38 percentage points year-on-year to 19.13%, attributed to reduced demand in the domestic construction sector and intensified market competition [7][16]. - The gross margin for plant capsules has improved due to a decrease in fixed cost amortization following increased production [5][6]. Debt and Financial Health - As of the end of 2024, the company had total debts of 11.10 billion yuan, with a debt-to-capitalization ratio of 33.43%, indicating a light debt burden [7][9]. - The company’s short-term debt coverage is strong, with cash and cash equivalents significantly exceeding short-term liabilities [7][9]. - The overall financial risk remains low, with strong debt repayment capabilities supported by robust cash flow metrics [5][6]. Market and Industry Analysis - The cellulose ether market is expected to face continued competition, particularly in the construction sector, which is heavily influenced by the real estate market's performance [14][15]. - The global cellulose ether market is projected to grow from 5.229 billion USD in 2024 to 6.719 billion USD by 2031, indicating potential growth opportunities despite current competitive pressures [14][15]. - The company has established strong relationships with major clients in the construction and pharmaceutical sectors, enhancing its market position [17][18]. Regulatory and External Factors - The company is currently facing uncertainties due to the U.S. "double anti" investigation, which could significantly impact its plant capsule business in the U.S. market [5][6]. - The overall economic environment is characterized by a stable macroeconomic policy aimed at maintaining growth and supporting domestic demand, which may benefit the company in the long run [13][14].