Group 1 - The stock price of Dawn Co., Ltd. (002838) closed at 18.71 yuan on May 23, 2025, down 0.8% with a turnover rate of 2.65% and a trading volume of 111,400 shares, amounting to a transaction value of 211 million yuan [1] - On May 23, the capital flow for Dawn Co., Ltd. showed a net outflow of 3.37 million yuan from main funds, a net inflow of 8.89 million yuan from speculative funds, and a net outflow of 5.52 million yuan from retail investors [2][5] Group 2 - Dawn Co., Ltd. announced that it plans to provide a total guarantee amount not exceeding 1.323 billion yuan for its subsidiaries and holding subsidiaries in 2025, with specific limits based on their asset-liability ratios [3] - The company signed a maximum guarantee contract with Zheshang Bank to provide a guarantee of up to 135 million yuan for its holding subsidiary, Qingdao Haier New Materials Research Co., Ltd., with a guarantee period of three years [3] - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amounted to 980.5 million yuan, accounting for 31.43% of the latest audited net assets attributable to shareholders of the listed company [3]

Core Viewpoint - The company, Daon Co., Ltd. (002838), has seen a recent increase in stock price and has completed the redemption of its convertible bonds, which will be delisted from the Shenzhen Stock Exchange. Group 1: Stock Performance - As of May 23, 2025, Daon Co., Ltd. closed at 18.71 yuan, up 1.8% from the previous week's 18.38 yuan [1] - The stock reached a nearly one-year high of 19.66 yuan on May 21, 2025, with a low of 17.9 yuan on May 20, 2025 [1] - The company's current market capitalization is 8.951 billion yuan, ranking 9th in the plastics sector and 1728th among all A-shares [1] Group 2: Convertible Bond Redemption - The company announced the redemption results for its convertible bonds issued on July 2, 2020, totaling 360 million yuan [2] - The bonds had a conversion period from January 8, 2021, to July 1, 2026, with an adjusted conversion price of 11.76 yuan per share [2] - The redemption was triggered as the stock price exceeded 130% of the conversion price for 15 out of 30 trading days [2] - The redemption price was set at 101.73 yuan per bond, with a total redemption payment of 875,183.19 yuan [2] - Following the redemption, 30,428,874 shares were added to the total share count, which may dilute earnings per share [2] - The bonds will be delisted from the Shenzhen Stock Exchange on May 21, 2025 [2] Group 3: Guarantees for Subsidiaries - In 2025, the company plans to provide guarantees totaling up to 1.323 billion yuan for its subsidiaries [3] - A guarantee contract was signed with Zheshang Bank for a maximum of 135 million yuan for its subsidiary, Qingdao Haier New Materials R&D Co., Ltd. [3] - The guarantee is a joint liability guarantee with a duration of three years from the debt fulfillment date [3] Group 4: Dividend Distribution - The company announced a cash dividend distribution plan for 2024, proposing a payout of 0.65 yuan per 10 shares [4] - The total number of shares eligible for the dividend is 473,664,302 after excluding repurchased shares [4] - The record date for the dividend distribution is May 28, 2025, and the ex-dividend date is May 29, 2025 [4]

证券代码：002838 证券简称：道恩股份 公告编号：2025-091 山东道恩高分子材料股份有限公司 关于为子公司提供担保的进展公告 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、担保情况概述 2025 年 5 月 22 日，公司与浙商银行股份有限公司青岛分行（以下简称"浙商银 行"）签订了《最高额保证合同》，为公司控股子公司青岛海尔新材料研发有限公司（以 下简称"海尔新材料"）提供最高额不超过人民币 1.35 亿元的担保。主要内容如下： 为满足公司子公司、孙公司日常运营及项目建设资金需要，提高公司融资决策效率， 2025 年度公司预计为子公司、孙公司提供总计不超过人民币 132,300 万元的担保额度。 其中为资产负债率大于等于 70%的子公司、孙公司提供担保额度不超过 113,300 万元， 为资产负债率低于 70%的子公司、孙公司提供担保额度不超过 19,000 万元。担保期限 自 2024 年度股东大会审议通过之日起至 2025 年度股东大会召开之日止。在担保额度有 效期内，担保总额度可循环使用，但公司在任一时点的实际对外担保余额不超过 132 ...

Industry Overview - Polypropylene (PP) is a thermoplastic polymer made from propylene monomer, characterized by its white waxy solid form, non-toxic, odorless nature, and lightweight appearance [1][2] - The domestic polypropylene market in China is driven by increasing demand in injection molded products, woven products, and fibers, with apparent consumption expected to reach 35.99 million tons in 2024, a year-on-year increase of 2.4% [1][10] Production Side - China's polypropylene production capacity has expanded from 23.17 million tons in 2018 to 43.69 million tons in 2024, accounting for 36.98% of global capacity [4] - The production volume is projected to reach 37.92 million tons in 2024, reflecting a year-on-year growth of 6.6%, with a self-sufficiency rate exceeding 90% [4] Import and Export - The import volume of polypropylene is expected to decline to 3.67 million tons in 2024, a decrease of 10.8% year-on-year, while export volume is anticipated to rise to 2.41 million tons, an increase of 83.7% [6] - The industry's import dependency has decreased to 3.2%, indicating a shift towards becoming a net exporter [6] Consumption Side - The downstream consumption market for polypropylene is primarily focused on injection molded products, woven products, and fibers, which together account for over 80% of total consumption [8] - Injection molding is the largest application area, used in automotive, home appliances, medical, and daily necessities [8] Competitive Landscape - The polypropylene market in China is characterized by low concentration, with major players including Sinopec, PetroChina, and the State Energy Group, which together account for 36% of total capacity [12] - Emerging private enterprises like Zhongjing Petrochemical and Donghua Energy are rapidly expanding their production capacities [12] Development Trends - The industry is entering a new round of capacity expansion, with an expected increase of over 5.87 million tons per year by 2025, while demand growth is projected at only 3.6% [18] - There is a significant shift towards high-end product development, with domestic high-end polypropylene self-sufficiency rates reaching 45% [19] - Environmental policies are driving the industry towards greener practices, including chemical recycling and the development of bio-based polypropylene [20]

证券代码：002838 证券简称：道恩股份 公告编号：2025-090 山东道恩高分子材料股份有限公司 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： 回购专户中的股份数量为 4,734,100 股。根据《公司法》和《深圳证券交易所上市公司 自律监管指引第 9 号——回购股份》等规定，回购专户中的股份不享有利润分配等权利。 公司 2024 年年度权益分派方案为：以公司现有总股本 478,398,402 股剔除已回购 股份数 4,734,100 股后的总股本 473,664,302 股为基数，向全体股东每 10 股派 0.65 元人民币现金（含税）。 本次实际现金分红总额÷公司总股本，即（473,664,302÷10×0.65）÷478,398,402= 记日收盘价- 0.0643567 元/股。 山东道恩高分子材料股份有限公司（以下简称"公司"或"本公司"）2024 年年 度权益分派方案已获 2025 年 4 月 8 日召开的 2024 年度股东大会审议通过，现将权益分 派事宜公告如下： 一、股东大会审议通过的利润分配方案情况 配预案》。2024 ...

证券代码：002838 证券简称：道恩股份 公告编号：2025-090 山东道恩高分子材料股份有限公司 2024年年度权益分派实施公告 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、截至本公告披露日，山东道恩高分子材料股份有限公司（以下简称"公司"） 回购专户中的股份数量为 4,734,100 股。根据《公司法》和《深圳证券交易所上市公司 自律监管指引第 9 号——回购股份》等规定，回购专户中的股份不享有利润分配等权利。 公司 2024 年年度权益分派方案为：以公司现有总股本 478,398,402 股剔除已回购 股份数 4,734,100 股后的总股本 473,664,302 股为基数，向全体股东每 10 股派 0.65 元人民币现金（含税）。 2、本次权益分派实施后计算除权除息价格时，按公司总股本折算的每股现金分红= 本次实际现金分红总额÷公司总股本，即（473,664,302÷10×0.65）÷478,398,402= 0.0643567 元/股。因此，公司 2024 年年度权益分派实施后的除权除息参考价=股权登 记日收盘价- 0.06 ...

Summary of Key Points Core Viewpoint The announcement details the redemption results of the convertible bonds issued by Shandong Daon High Polymer Materials Co., Ltd., including the conditions for redemption, the redemption price, and the impact on the company's financials. Group 1: Convertible Bond Issuance and Listing - The company issued 3,600,000 convertible bonds at a total amount of RMB 360 million, with each bond having a face value of RMB 100 [2][24]. - The bonds were listed on the Shenzhen Stock Exchange on July 20, 2020, under the name "Daon Convertible Bonds" and code "128117" [3][25]. - The conversion period for these bonds is from January 8, 2021, to July 1, 2026 [4][26]. Group 2: Conversion Price Adjustments - The initial conversion price was RMB 29.32 per share, which has been adjusted to RMB 11.76 per share as of the latest update [5][27]. Group 3: Conditional Redemption Conditions - The redemption was triggered as the company's stock price was above 130% of the conversion price for at least 15 out of 30 consecutive trading days [7][29]. - The company has the right to redeem the bonds if the remaining balance is less than RMB 30 million or if the stock price condition is met [6][30]. Group 4: Redemption Implementation - The redemption price is set at RMB 101.73 per bond, which includes accrued interest [9][32]. - The total amount to be paid for the redemption is RMB 875,183.19, covering 8,603 bonds that were not converted [14][38]. Group 5: Impact of Redemption - The redemption of the bonds represents 0.24% of the total issuance and is not expected to significantly impact the company's financial status or cash flow [15]. - The total share capital has increased by 30,428,874 shares due to the conversion of bonds, which may dilute earnings per share in the short term [17]. Group 6: Bond Delisting - The bonds will be delisted from the Shenzhen Stock Exchange on May 21, 2025, following the completion of the redemption [16][39].

| 证券代码：002838 | 证券简称：道恩股份 | 公告编号：2025-089 | | --- | --- | --- | | 债券代码：128117 | 债券简称：道恩转债 | | 山东道恩高分子材料股份有限公司 关于道恩转债摘牌的公告 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： 一、可转债发行上市概况 （一）可转债发行情况 经中国证券监督管理委员会《关于核准山东道恩高分子材料股份有限公司公开发行 可转换公司债券的批复》（证监许可【2020】608 号）核准，公司于 2020 年 7 月 2 日公 开发行了 3,600,000 张可转换公司债券，每张面值 100 元，按面值发行，发行总额为人 民币 3.6 亿元。 （二）可转债上市情况 经深圳证券交易所"深证上【2020】632 号"文同意，公司 3.6 亿元可转换公司债 券于 2020 年 7 月 20 日起在深圳证券交易所挂牌交易，债券简称"道恩转债"，债券代 码"128117"。 1 公司本次发行的可转债的初始转股价格为 29.32 元/股，经过历次调整，截至目前 转股价格为 11. ...

| 证券代码：002838 | 证券简称：道恩股份 | 公告编号：2025-088 | | --- | --- | --- | | 债券代码：128117 | 债券简称：道恩转债 | | 山东道恩高分子材料股份有限公司 关于道恩转债赎回结果的公告 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。 一、可转债发行上市概况 （一）可转债发行情况 经中国证券监督管理委员会《关于核准山东道恩高分子材料股份有限公司公开发行 可转换公司债券的批复》（证监许可【2020】608 号）核准，公司于 2020 年 7 月 2 日公 开发行了 3,600,000 张可转换公司债券，每张面值 100 元，按面值发行，发行总额为人 民币 3.6 亿元。 （二）可转债上市情况 （一）触发赎回的情况 经深圳证券交易所"深证上【2020】632 号"文同意，公司 3.6 亿元可转换公司债 券于 2020 年 7 月 20 日起在深圳证券交易所挂牌交易，债券简称"道恩转债"，债券代 码"128117"。 （三）可转债转股期限 根据《深圳证券交易所股票上市规则》等有关规定和《山东道恩高分子材料股 ...

Group 1 - The PEEK materials concept index declined by 0.75%, ranking among the top declines in the concept sector as of May 20 [1] - Within the PEEK materials sector, major decliners included Zhongxin Fluorine Materials, Zhongyan Shares, and Jusa Long, while notable gainers were Daon Shares, Wanrun Shares, and Kangtuo Medical, with respective increases of 3.55%, 1.49%, and 1.26% [1] - The concept sector saw a net outflow of 245 million yuan, with 20 stocks experiencing net outflows, and 10 stocks seeing outflows exceeding 10 million yuan [1] Group 2 - The stock with the highest net outflow was Zhongxin Fluorine Materials, with a net outflow of 110 million yuan, followed by Jinfat Technology, Zhongyan Shares, and Xiongdi Technology with net outflows of 30.26 million yuan, 25.26 million yuan, and 17.42 million yuan respectively [1] - The stocks with the highest net inflows included Daon Shares, Keda Li, and Xinhang New Materials, with net inflows of 23.21 million yuan, 14.38 million yuan, and 10.29 million yuan respectively [2] - The trading volume and turnover rates varied significantly among the stocks, with Zhongxin Fluorine Materials showing a turnover rate of 27.24% despite a decline of 9.23% [1][2]