Group 1 - The core transaction of Enjie Co., Ltd. on October 16 involved a block trade of 47,000 shares, amounting to 2.0088 million yuan, with a transaction price of 42.74 yuan per share [2][3] - The buyer of the block trade was an institutional proprietary trading department, while the seller was CITIC Securities Co., Ltd. Shanghai branch [2][3] - On the same day, Enjie Co., Ltd. closed at 42.74 yuan, down 1.93%, with a turnover rate of 2.46% and a total trading volume of 855 million yuan, indicating a net outflow of 40.7164 million yuan in main funds [2][3] Group 2 - The latest margin financing balance for Enjie Co., Ltd. is 1.175 billion yuan, which has increased by 58.0565 million yuan over the past five days, reflecting a growth rate of 5.20% [3]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 第1笔成交价格为42.74元，成交4.70万股，成交金额200.88万元，溢价率为0.00%，买方营业部为机构专 用，卖方营业部为中信证券股份有限公司上海分公司。 进一步统计，近3个月内该股累计发生1笔大宗交易，合计成交金额为200.88万元。该股近5个交易日累 计下跌12.56%，主力资金合计净流出3.95亿元。 责任编辑：小浪快报 10月16日，恩捷股份收跌1.93%，收盘价为42.74元，发生1笔大宗交易，合计成交量4.7万股，成交金额 200.88万元。 ...

Group 1 - On October 16, Enjie Co., Ltd. executed a block trade of 47,000 shares, with a transaction value of 2.0088 million yuan, accounting for 0.23% of the total transaction volume for the day [1][2] - The transaction price was 42.74 yuan, which was in line with the market closing price of 42.74 yuan [1][2]

Core Viewpoint - Yunnan Enjie New Materials Co., Ltd. has announced the early redemption of its convertible bonds, "Enjie Convertible Bonds," due to the fulfillment of redemption conditions based on stock price performance [4][18]. Group 1: Redemption Details - The redemption price for "Enjie Convertible Bonds" is set at 101.44 CNY per bond, including accrued interest at an annual rate of 2.00% [2][21]. - The redemption conditions were met on October 9, 2025, and the bonds will be fully redeemed on October 31, 2025 [3][18]. - The last trading day for "Enjie Convertible Bonds" will be October 28, 2025, after which trading will cease [3][26]. Group 2: Bond Issuance and Trading - The company issued 16 million convertible bonds on February 11, 2020, with a total value of 160 million CNY and a maturity of six years [4][6]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting February 28, 2020 [6]. Group 3: Conversion Price Adjustments - The initial conversion price was set at 64.61 CNY per share, which has undergone several adjustments due to corporate actions, with the latest adjustment bringing it to 66.26 CNY per share as of September 21, 2023 [8][12]. - The conversion price was significantly reduced to 32.00 CNY per share on February 11, 2025, following a downward adjustment process [14]. Group 4: Redemption Process - The redemption process includes a series of announcements leading up to the redemption date, with the final redemption payment to bondholders scheduled for November 7, 2025 [24][26]. - All bondholders registered by the redemption registration date will be eligible for the redemption [23].

Group 1 - The company has announced the early redemption of its convertible bonds, "Enjie Convertible Bonds," with a redemption price of 101.44 yuan per bond, including accrued interest at an annual rate of 2.00% [2][19][18] - The redemption conditions are met as of October 9, 2025, and the bonds will be fully redeemed on October 31, 2025, with trading ceasing on October 28, 2025 [2][24][16] - The company’s board of directors approved the early redemption based on current market conditions and the company's situation [3][16][29] Group 2 - The total issuance of "Enjie Convertible Bonds" was 1,600,000 bonds with a total value of 160 million yuan, issued on February 11, 2020, with a maturity of six years [4][3] - The bond's conversion price has been adjusted multiple times, with the latest adjustment setting it at 32.01 yuan per share as of March 24, 2025 [12][10][8] - The company has triggered the conditional redemption clause due to the stock price being above 130% of the conversion price for fifteen trading days [16][14] Group 3 - The company has provided a guarantee for its subsidiary, Jiangxi Tongrui New Energy Technology Development Co., Ltd., with a credit limit of 100 million yuan from China Bank [33][32] - The total amount of guarantees provided by the company and its subsidiaries is 600 million yuan, which is 245.19% of the latest audited net assets attributable to shareholders [35][36] - There are no overdue guarantees or guarantees involved in litigation as of the announcement date [35]

Core Points - Enjie Co., Ltd. announced that the "Enjie Convertible Bonds" will be forcibly redeemed if not converted by the close of trading on October 30, 2025 [2] - Following the redemption, the "Enjie Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [2] - Holders of the "Enjie Convertible Bonds" are advised to lift any pledges or freezes on their bonds before the trading suspension to avoid forced redemption due to inability to convert [2]

证券代码：002812 股票简称：恩捷股份 公告编号：2025-163 债券代码：128095 债券简称：恩捷转债 云南恩捷新材料股份有限公司 关于提前赎回"恩捷转债"的第四次提示性公告 本公司及全体董事保证本公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 特别提示： 1、"恩捷转债"赎回价格：101.44 元/张（含当期应计利息，当期年利率为 2.00%，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"中国结算"）核准的价格为准。 11、根据安排，截至 2025 年 10 月 30 日收市后仍未转股的"恩捷转债"将 被强制赎回。本次赎回完成后，"恩捷转债"将在深圳证券交易所（以下简称 "深交所"）摘牌，特提醒"恩捷转债"持有人注意在限期内转股。"恩捷转 债"持有人持有的"恩捷转债"存在被质押或被冻结的，建议在停止交易日前 解除质押或冻结，以免出现因无法转股而被强制赎回的情形。 12、风险提示：本次"恩捷转债"赎回价格可能与其停止交易和停止转股 前的市场价格存在较大差异，特提醒持有人注意在限期内转股。投资者如未及 时转股，可能面临损失，敬请投资者注意 ...

Investment Rating - The report maintains an "Overweight" rating for the lithium battery industry, expecting the industry index to outperform the market index by over 10% in the next six months [5]. Core Insights - In September 2025, the production and sales of new energy vehicles (NEVs) reached historical highs, with production and sales of 1.617 million and 1.604 million units respectively, representing year-on-year growth of 23.7% and 24.6%, and month-on-month growth of 16.25% and 14.98% [4]. - The penetration rate of NEVs in September was 49.7%, up 0.9 percentage points month-on-month, while the year-to-date penetration rate was 46.1% [4]. - Battery sales also saw significant growth, with total battery production reaching 151.2 GWh in September, a month-on-month increase of 8.3% and a year-on-year increase of 35.4% [4]. - The report highlights strong demand for energy storage in both domestic and international markets, with leading battery companies operating at full capacity [4]. Summary by Sections New Energy Vehicle Market - In September 2025, NEV sales reached 1.604 million units, with pure electric vehicle sales at 1.058 million units, showing a year-on-year increase of 36.4% [4]. - Year-to-date NEV sales totaled 11.224 million units, with pure electric vehicles accounting for 7.22 million units, reflecting a year-on-year growth of 44.7% [4]. Battery Production and Sales - In September, the total battery sales were 146.5 GWh, with power batteries accounting for 110.5 GWh, representing 75.5% of total sales [4]. - The report notes that the export of batteries in September was 26.7 GWh, with power batteries making up 17.6 GWh of that total [4]. Investment Recommendations - The report suggests focusing on leading companies in the lithium battery supply chain, particularly those with technological and production advantages in solid-state electrolytes and new materials [4]. - Key companies to watch include CATL, EVE Energy, and others that are actively developing solid-state battery technologies [4].

Core Viewpoint - Enjie Co., Ltd. has experienced a stock price decline of 2.01% on October 15, 2023, with a current price of 42.38 CNY per share, despite a year-to-date increase of 32.48% [1] Financial Performance - For the first half of 2025, Enjie Co., Ltd. achieved a revenue of 5.763 billion CNY, representing a year-on-year growth of 20.48%. However, the net profit attributable to shareholders was a loss of 93.11 million CNY, a decrease of 131.99% compared to the previous year [2] - The company has distributed a total of 2.825 billion CNY in dividends since its A-share listing, with 1.874 billion CNY distributed over the last three years [3] Stock Market Activity - As of October 15, 2023, the trading volume was 163 million CNY, with a turnover rate of 0.47% and a total market capitalization of 41.031 billion CNY [1] - The stock has been on the "Dragon and Tiger List" twice this year, with the most recent instance on September 24, 2023, where it saw a net purchase of 280 million CNY [1] Shareholder Information - As of June 30, 2025, the number of shareholders increased to 100,900, with an average of 8,086 shares held per person, a decrease of 4.22% from the previous period [2] - The fourth largest circulating shareholder is Hong Kong Central Clearing Limited, holding 30.5894 million shares, an increase of 6.267 million shares from the previous period [3]

Core Viewpoint - Enjie Co., Ltd. announced that the "Enjie Convertible Bonds" will be forcibly redeemed if not converted by the close of trading on October 30, 2025, leading to their delisting from the Shenzhen Stock Exchange [1] Summary by Relevant Sections - **Company Announcement** - Enjie Co., Ltd. has issued a notice regarding the forced redemption of "Enjie Convertible Bonds" if they remain unconverted by the specified date [1] - Following the redemption, the bonds will be delisted from the Shenzhen Stock Exchange [1] - **Investor Advisory** - Bondholders are advised to convert their bonds before the deadline to avoid forced redemption [1] - Those with pledged or frozen bonds are recommended to resolve these issues prior to the trading suspension to prevent complications with conversion [1]