华阳国际公告，公司控股股东、实际控制人唐崇武及其一致行动人徐华芳、淮安旭天、淮安中天计划转 让的982.5万股股份（占公司总股本的5.01%）的协议转让已经终止。此前，该转让协议于2024年10月7 日签署，但股份尚未办理完成相关转让手续。各方已于2025年8月26日签署补充协议，决定终止股份转 让交易，并自愿承担因终止交易而产生的相关费用。此次协议转让终止不会对公司治理结构及持续经营 造成影响。 ...

深圳市华阳国际工程设计股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 深圳市华阳国际工程设计股份有限公司 2025 年半年度报告全文 1 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人唐崇武、主管会计工作负责人徐清平及会计机构负责人(会计 主管人员)曾丹声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本公司特别提醒投资者关注公司可能存在的下述重大风险：宏观环境及 行业政策效果不达预期的风险、行业市场竞争加剧的风险、科技创新和技术 研发的风险、应收账款无法收回的风险、税收优惠政策的风险、外延发展不 及预期的风险等，此外，在做出投资决策之前，请认真阅读本报告"第三节、 管理层讨论与分析"之"十、公司面临的风险和应对措施"。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 | 重要提示、目录和释义 | | 2 | | --- | --- | --- | --- | | 第二节 | 公司简介和主要财 ...

Investment Rating - Industry rating is maintained at "Outperform the Market" [5] Core Viewpoints - Infrastructure investment in July showed a high increase in railway and water electricity fuel investment, while overall infrastructure investment is experiencing marginal slowdown, particularly in the central and western regions [1][2] - Real estate development investment from January to July decreased by 12%, with a significant drop of 17.1% in July alone, indicating a continued weakness in the real estate sector [2] - The issuance of special bonds has accelerated, with a total of 27,775.89 billion yuan issued from January to July, representing a year-on-year increase of 56.5%, which is expected to support infrastructure investment growth in the second half of the year [1] - Cement demand is anticipated to gradually recover, with a focus on investment opportunities at relatively low points in the market, despite a 4.5% year-on-year decline in cement production from January to July [3] - The flat glass market is showing signs of improvement, with a slight increase in prices and a reduction in inventory levels, suggesting a potential recovery in demand [4] Summary by Sections Infrastructure Investment - In July, infrastructure investment growth was supported by a 21.5% year-on-year increase in water electricity fuel investment, while transportation and storage investment saw a 3.9% increase [2] - The report emphasizes the importance of focusing on major engineering projects and infrastructure investments in the central and western regions [1] Real Estate Sector - The real estate sector continues to show weakness, with significant declines in sales, new construction, and completion areas from January to July [2] - The report highlights the need for monitoring policy changes that could impact the real estate market [4] Cement and Glass Markets - Cement production decreased by 4.5% year-on-year, with a notable drop in July, but there are expectations for demand recovery as the market enters a peak season [3] - The flat glass market is experiencing a slight recovery, with improved trading conditions and reduced inventory levels [4]

Core Viewpoint - The company proposes to lower the conversion price of its convertible bonds due to the stock price falling below 85% of the current conversion price for at least 15 trading days within a 30-day period [1][5][6] Group 1: Convertible Bond Basic Information - The company issued convertible bonds with a total amount of RMB 450 million, net proceeds of RMB 441.07 million, and an initial conversion price of RMB 25.79 per share [1][2] - The conversion period for the bonds is from February 5, 2021, to July 29, 2026 [2] Group 2: Conversion Price Adjustment History - The conversion price was adjusted from RMB 25.79 to RMB 25.39 on May 25, 2021, and then to RMB 25.09 on May 20, 2022, following profit distribution plans [2][3] - The conversion price was further adjusted to RMB 24.79 on May 23, 2023, and is proposed to be lowered to RMB 23.99 on May 8, 2024 [3][4] Group 3: Downward Adjustment Clause - The company can propose a downward adjustment of the conversion price if the stock price falls below 85% of the current conversion price for at least 15 trading days within a 30-day period [4][5] - The adjustment requires approval from two-thirds of the voting rights at the shareholders' meeting, excluding bondholders from voting [5][6] Group 4: Proposal for Downward Adjustment - The board of directors has proposed to lower the conversion price from RMB 23.99 to RMB 18.39 due to the stock price conditions [4][6] - The adjustment will be effective after the shareholders' meeting, which must approve the proposal [6]

Group 1 - The company Huayang International announced on August 15 that it will hold the eighth meeting of the fourth board of directors on August 15, 2025 [2] - The board will review a proposal to lower the conversion price of "Huayang Convertible Bonds" [2]

Meeting Announcement - The company will hold its second extraordinary general meeting of shareholders for 2025 on September 1, 2025, at 14:30 [1] - The meeting will be conducted using a combination of on-site voting and online voting [1][2] Voting Procedures - Shareholders can vote either in person or through online platforms provided by the Shenzhen Stock Exchange [2][7] - The online voting will be available from 9:15 to 9:25, 9:30 to 11:30, and 13:00 to 15:00 on the day of the meeting [1][8] Eligibility and Registration - All shareholders registered by the close of trading on August 25, 2025, are eligible to attend the meeting [2][6] - Registration procedures for both corporate and individual shareholders are outlined, including necessary documentation [6][7] Agenda and Proposals - The meeting will review proposals that have been approved by the company's board of directors [4][5] - Proposal 1 requires a special resolution, needing approval from more than two-thirds of the voting rights represented at the meeting [5] Additional Information - The company will disclose the voting results separately for minority investors [5] - Detailed instructions for online voting and other relevant documents are provided as attachments [7][10]

| 证券代码：002949 | 证券简称：华阳国际 | 公告编号：2025-051 | | --- | --- | --- | | 债券代码：128125 | 债券简称：华阳转债 | | 深圳市华阳国际工程设计股份有限公司 关于召开 2025 年第二次临时股东会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 深圳市华阳国际工程设计股份有限公司(以下简称"公司") 于 2025 年 8 月 15 日召开了第四届董事会第八次会议，审议通过了《关于提请召开 2025 年第二 次临时股东会的议案》。会议决定于 2025 年 9 月 1 日（星期一）14：30 召开公 司 2025 年第二次临时股东会，本次股东会采用现场投票与网络投票相结合的方 式召开，现将会议有关事项通知如下： 一、召开会议基本情况 1、会议届次：2025 年第二次临时股东会 2、会议召集人：公司董事会 3、会议召开的合法、合规性：本次股东会会议召开符合《中华人民共和国 公司法》《上市公司股东会规则》有关法律、行政法规、部门规章、规范性文件 和《公司章程》等的规定。 4、会议召开时间： 现场会 ...

| 证券代码：002949 | 证券简称：华阳国际 公告编号：2025-052 | | --- | --- | | 债券代码：128125 | 债券简称：华阳转债 | 深圳市华阳国际工程设计股份有限公司 第四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内容的真实、准确、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 深圳市华阳国际工程设计股份有限公司(以下简称"公司")第四届董事会第 八次会议于 2025 年 8 月 15 日以现场及通讯表决相结合的方式召开，经第四届董 事会全体董事同意豁免会议通知时间要求。会议应出席董事 9 名，实际出席董事 9 名，会议由公司董事长唐崇武先生主持。本次会议的召集、召开及表决程序符 合有关法律、行政法规、部门规章、规范性文件及《公司章程》的规定。 二、董事会会议审议情况 1、审议通过《关于董事会提议向下修正"华阳转债"转股价格的议案》 具体内容详见公司同日刊登于巨潮资讯网(http://www.cninfo.com.cn)上 的《关于董事会提议向下修正"华阳转债"转股价格的公告》。 表决结果：9 名赞成，0 名弃权，0 名反对。 本议 ...

| 证券代码：002949 | 证券简称：华阳国际 公告编号：2025-050 | | --- | --- | | 债券代码：128125 | 债券简称：华阳转债 | 深圳市华阳国际工程设计股份有限公司 关于董事会提议向下修正"华阳转债"转股价格的公告 本公司及董事会全体成员保证信息披露内容的真实、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、自 2025 年 7 月 28 日起至 2025 年 8 月 15 日，深圳市华阳国际工程设计 股份有限公司（以下简称"公司"）股票已出现"任意连续三十个交易日中至少 十五个交易日的收盘价低于当期转股价格 85%"的情形，触发"华阳转债"转股 价格向下修正条款。 2、2025 年 8 月 15 日，公司召开第四届董事会第八次会议，审议通过了《关 于董事会提议向下修正"华阳转债"转股价格的议案》，该议案尚需提交股东大 会审议，现将相关事项公告如下： 一、可转换公司债券基本情况 （一）可转债发行上市情况 经中国证券监督管理委员会《关于核准深圳市华阳国际工程设计股份有限公 司公开发行可转换公司债券的批复》（证监许可[2020]1220 号文）核准，公司于 ...

Group 1 - The core viewpoint of the articles highlights the financial performance and market position of Huayang International, indicating a decline in stock price and a relatively low PE ratio compared to the industry average [1][2] - As of August 14, Huayang International's stock closed at 14.09 yuan, down 2.42%, with a rolling PE ratio of 22.16 times and a total market capitalization of 2.762 billion yuan [1] - The average PE ratio for the engineering consulting service industry is 65.28 times, with a median of 39.48 times, positioning Huayang International at 26th place within the industry [1][2] Group 2 - The company reported a revenue of 264 million yuan for Q1 2025, reflecting a year-on-year increase of 15.36%, while net profit was 2.4757 million yuan, showing a year-on-year decrease of 20.22% [1] - The gross profit margin for the company stands at 19.48% [1] - Huayang International specializes in architectural design and consulting, building technology innovation, and extending the industrial chain, and is recognized as a national high-tech enterprise [1]