Group 1 - Titan Convertible Bond rose by 2.08% to 153.588 CNY per share with a trading volume of 74.0355 million CNY and a conversion premium of 18.18% [1] - The credit rating of Titan Convertible Bond is "A" with a maturity of 6 years and a coupon rate that increases from 0.50% in the first year to 3.00% in the sixth year [1] - The conversion price for the bond is set at 13.27 CNY, with the conversion period starting on May 6, 2024 [1] Group 2 - Zhejiang Titan Co., Ltd. is recognized as a national high-tech enterprise and has received multiple honors, including being a vice president unit of the China Textile Machinery and Equipment Industry Association [2] - The company has been listed among the top 500 competitive enterprises in the Chinese textile and apparel industry for nine consecutive years [2] - For the first quarter of 2025, Titan Co. reported a revenue of 299.4 million CNY, a year-on-year decline of 19.1%, and a net profit attributable to shareholders of 18.9802 million CNY, down 7.53% year-on-year [2] - The concentration of shares is high, with the top ten shareholders holding 78.63% of the total shares, and the average holding amount per shareholder is 266,900 CNY [2]

Group 1 - Titan Co., Ltd. closed at 17.50 yuan on August 13, down 0.79% from the previous trading day [1] - The stock opened at 17.58 yuan, reached a high of 18.07 yuan, and a low of 17.00 yuan, with an intraday volatility of 6.07% [1] - The trading volume was 90,158 hands, with a total transaction amount of 157 million yuan [1] Group 2 - Titan Co., Ltd. specializes in the research, production, and sales of textile machinery, primarily serving the textile industry [1] - The company operates in sectors including specialized equipment and the Zhejiang region [1] - On August 13, the stock experienced a rapid decline, with a drop of over 2% within 5 minutes, reaching a low of 17.62 yuan [1] Group 3 - On the same day, the net outflow of main funds was 9.0738 million yuan, with a cumulative net outflow of 123 million yuan over the past five days [1]

天眼查商业履历信息显示，浙江泰坦股份有限公司，成立于1998年，位于绍兴市，是一家以从事专用设 备制造业为主的企业。企业注册资本21604.1091万人民币，实缴资本21600万人民币。公司法定代表人 为陈宥融。 通过天眼查大数据分析，浙江泰坦股份有限公司共对外投资了13家企业，参与招投标项目13次，知识产 权方面有商标信息44条，专利信息240条，此外企业还拥有行政许可16个。 资金流向方面，今日主力资金净流出2668.05万元，占比成交额13.61%。其中，超大单净流出1279.59万 元、占成交额6.53%，大单净流出1388.47万元、占成交额7.08%，中单净流出流出93.33万元、占成交额 0.48%，小单净流入2761.38万元、占成交额14.09%。 来源：金融界 泰坦股份最新一期业绩显示，截至2025一季报，公司营业总收入2.99亿元、同比减少19.10%，归属净利 润1898.02万元，同比减少7.53%，扣非净利润1120.63万元，同比减少37.19%，流动比率1.963、速动比 率1.691、资产负债率51.40%。 金融界消息 截至2025年8月12日收盘，泰坦股份（003036） ...

Group 1 - The core point of the announcement is that Zhejiang Titan Co., Ltd. has decided not to exercise the early redemption rights of its convertible bonds, Titan Convertible Bonds, for the next six months due to current market conditions and to protect investor interests [4][18]. - The board meeting was held on August 8, 2025, where all nine attending directors unanimously agreed to waive the notification period for the meeting [2][3]. - The company’s stock price triggered the conditional redemption clause of the Titan Convertible Bonds, as it closed above 130% of the conversion price for 15 trading days from July 21 to August 8, 2025 [11][17]. Group 2 - The Titan Convertible Bonds were issued on October 25, 2023, with a total amount of 295.50 million bonds, each with a face value of 100 yuan, making the total issuance amount 2.955 billion yuan [12]. - The conversion period for the Titan Convertible Bonds is from May 6, 2024, to October 24, 2029, with an initial conversion price of 13.81 yuan per share, adjusted to 13.27 yuan per share as of June 27, 2025 [13][14]. - The board will reassess the decision on early redemption if the conditional redemption clause is triggered again after February 8, 2026 [4][18].

Core Viewpoint - Titan Co., Ltd. has triggered the conditional redemption clause of its convertible bonds due to its stock price consistently exceeding 130% of the conversion price for 15 trading days [1] Group 1 - From July 21 to August 8, the closing price of Titan's stock has not been lower than 17.25 yuan per share, which is 130% of the current conversion price of 13.27 yuan per share [1] - The board of directors of Titan Co., Ltd. held a meeting on August 8 and approved relevant proposals regarding the redemption of the convertible bonds [1] - The company will not exercise its early redemption rights within six months following the board's approval [1]

Group 1 - The board of directors of Zhejiang Titan Co., Ltd. held its 12th meeting of the 10th session on August 8, 2025, with all 9 directors present, complying with legal and procedural requirements [1][2] - The board unanimously agreed to waive the notification period for the meeting, allowing it to convene on the specified date [1] - The board decided not to exercise the early redemption rights for the "Titan Convertible Bonds" despite the stock price triggering the conditional redemption clause on the same date, with a commitment to reassess the situation after February 8, 2026 [1][2]

Group 1 - The core opinion of the article is that Minsheng Securities has conducted a review regarding Zhejiang Titan Co., Ltd.'s decision not to redeem the "Titan Convertible Bonds" in advance, ensuring compliance with relevant regulations and protecting investor interests [1][7][8] - The "Titan Convertible Bonds" were issued with a total amount of 295.5 million yuan and have a term of 6 years, starting from November 15, 2023 [1][2] - The initial conversion price of the "Titan Convertible Bonds" was set at 13.81 yuan per share, which has been adjusted to 13.27 yuan per share due to corporate actions [2][3] Group 2 - The conditional redemption clause allows the company to redeem the bonds if the closing price exceeds 130% of the conversion price for at least 15 trading days [4][6] - The redemption condition was triggered as the stock price was above 17.25 yuan per share for the required period [6][7] - The company’s board decided not to exercise the redemption right for the next six months to protect investor interests, with a review planned after February 8, 2026 [7][8] Group 3 - There were no transactions involving the "Titan Convertible Bonds" by major shareholders or executives in the six months leading up to the redemption condition [8] - The review by the sponsor institution confirmed that the decision not to redeem the bonds was approved by the company's board and complied with all relevant regulations [8]

Core Viewpoint - Titan Co., Ltd. has decided not to exercise the early redemption rights for its convertible bonds, "Titan Convertible Bonds," despite triggering the conditional redemption clause due to stock prices exceeding 130% of the conversion price for 15 trading days [1][5][6]. Group 1: Convertible Bond Basic Information - The total amount of "Titan Convertible Bonds" issued is 295.5 million yuan, with a term of 6 years from the issuance date [1][2]. - The initial conversion price was set at 13.81 yuan per share, which has been adjusted to 13.27 yuan per share due to equity distribution plans [2][3]. Group 2: Conditional Redemption Clause - The conditional redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for 15 trading days [5][6]. - The stock price reached 17.25 yuan per share, triggering the redemption clause from July 21, 2025, to August 8, 2025 [5][6]. Group 3: Decision on Early Redemption - The board of directors decided to not exercise the early redemption rights for the next 6 months, from August 9, 2025, to February 8, 2026, to protect investor interests [6][7]. - Future decisions regarding the redemption will be made if the bonds trigger the redemption clause again after February 8, 2026 [6][7]. Group 4: Shareholder Transactions - There have been no transactions of "Titan Convertible Bonds" by major shareholders, including the actual controller and board members, in the 6 months leading up to the redemption condition [6][7].

| 证券代码：003036 | 证券简称：泰坦股份 公告编号：2025-047 | | --- | --- | | 债券代码：127096 | 债券简称：泰坦转债 | 浙江泰坦股份有限公司 关于不提前赎回"泰坦转债"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： 1、自 2025 年 7 月 21 日至 2025 年 8 月 8 日，浙江泰坦股份有限公司（以下 简称"公司"或"泰坦股份"）股票已有 15 个交易日的收盘价格不低于"泰坦 转债"当期转股价格 13.27 元/股的 130%（即 17.25 元/股），已触发"泰坦转债" 的有条件赎回条款。 2、公司于 2025 年 8 月 8 日召开第十届董事会第十二次会议，审议通过《关 于不提前赎回"泰坦转债"的议案》，并自本次董事会审议通过后 6 个月内（2025 年 8 月 9 日至 2026 年 2 月 8 日）均不行使提前赎回权利。以 2026 年 2 月 8 日后 首个交易日起重新计算，若"泰坦转债"再次触发有条件赎回条款，届时公司将 另行召开董事会审议决定是否行使"泰坦转债"的提前 ...

民生证券股份有限公司 关于浙江泰坦股份有限公司 不提前赎回"泰坦转债"的核查意见 民生证券股份有限公司（以下简称"民生证券"或"保荐机构"）作为浙江泰坦 股份有限公司（以下简称"泰坦股份"、"公司"或"上市公司"）向不特定对象发行 可转换公司债券项目的保荐机构，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 1 号——主板上市公司规范运作》《深圳证 券交易所上市公司自律监管指引第 13 号——保荐业务》《可转换公司债券管理 办法》《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》 等相关法律法规和规范性文件的要求，对泰坦股份不提前赎回"泰坦转债"有关 事项进行了核查，具体情况如下： 一、可转换公司债券基本情况 （一）"泰坦转债"发行上市情况 经中国证券监督管理委员会证监许可〔2022〕2866 号核准，公司于 2023 年 10 月 25 日向不特定对象发行 295.50 万张可转换公司债券，每张面值 100 元，发 行总额为 29,550.00 万元。期限为发行之日起 6 年。 经深圳证券交易所同意，公司可转债于 2023 年 11 月 15 日起在深圳证券交 ...