中信证券股份有限公司 关于通裕重工股份有限公司 向不特定对象发行可转换公司债券 持续督导保荐总结报告书 | | | 一、 发行人基本情况 | 名称 | 通裕重工股份有限公司（以下简称"通裕重工"、"公司"） | | --- | --- | | 注册地址 | 山东省德州市（禹城）国家高新技术产业开发区 | | 法定代表人 | 刘伟 | | 注册资本 | 389,678.6847 万元人民币 | | 股票代码 | 300185.SZ | | 股票简称 | 通裕重工 | | 统一社会信用代码 | 913700001675754710 | | | 一般项目：金属材料制造；金属材料销售；有色金属合金制造；有 | | | 色金属合金销售；钢压延加工；金属切削加工服务；金属表面处理 | | | 及热处理加工；喷涂加工；新材料技术研发；锻件及粉末冶金制品 | | | 制造；锻件及粉末冶金制品销售；高品质特种钢铁材料销售；机械 | | | 设备研发；机械设备销售；通用设备制造(不含特种设备制造)；金 | | | 属切削机床制造；金属切削机床销售；数控机床制造；数控机床销 | | | 售；金属成形机床制造；金属成形机床销售；货物 ...

债券代码：123149 债券简称：通裕转债 证券代码：300185 证券简称：通裕重工 公告编号：2025-055 通裕重工股份有限公司 关于公司为子公司济南冶科所、青岛宝鉴提供担保 的进展公告 本公司及董事会全体人员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 1 行办理融资提供的担保均属于上述担保额度范围。 二、担保的进展情况 股东大会授权公司董事长或财务总监决定公司为子公司在金融机构的融资 业务提供新增担保的总额度为33亿元（额度循环使用），其中为济南冶科所新增 担保额度为6亿元，为青岛宝鉴新增担保额度为11亿元。具体情况如下表所示： 本次担保属于已审议通过的担保事项范围，无需再次提交公司董事会或股东 大会审议。 三、被担保人的基本情况 （一）济南市冶金科学研究所有限责任公司 一、担保情况概述 通裕重工股份有限公司（以下简称"公司"）于近日收到了以下担保合同： （1）公司与中国光大银行股份有限公司济南分行（以下简称"光大银行济南分 行"）于 2025 年 5 月 15 日签署的《最高额保证合同》，公司为全资子公司济南 市冶金科学研究所有限责任公司（以下简称"济南冶科所"） ...

证券代码：300185 证券简称：通裕重工 通裕重工股份有限公司投资者关系活动记录表 希望通过接下来的互动交流能够增进投资者朋友对公司的了解，同时我们 也希望大家为公司的发展提出宝贵建议和意见。谢谢各位！ 二、问题回复 1、通裕重工长期股价低迷，是什么原因。 答：尊敬的投资者您好，上市公司股价表现受宏观经济形势、市场情绪变 化、行业波动等多种因素影响。目前，公司生产经营情况正常。未来，我们将 继续加强对外沟通交流，持续传递公司发展亮点和投资价值。感谢您的关注与 支持！ 编号：2025-001 | |  特定对象调研  分析师会议 | | --- | --- | | 投资者关系活 | 媒体采访 业绩说明会   | | |  新闻发布会  路演活动 | | 动类别 | 现场参观、座谈交流  | | |  其他 电话会议交流 | | 参与单位名称 | 通过网络方式参加 2025 年山东辖区上市公司投资者网上集体接待日活动，同时 | | 及人员姓名 | 举行通裕重工 2024 年度业绩网上说明会 | | 时间 | 2025 年 5 月 15 日 | | 地点 | 通裕重工会议室（线上方式） | | 上 ...

Group 1 - The core point of the article is the planned change of control at Tongyu Heavy Industry, with the transfer of shares from Zhuhai Port Group to Guohui Capital, making Guohui Capital the largest shareholder [2][3] - The share transfer involves 604,032,700 shares, representing 15.50% of the total share capital, at a price of RMB 2.22 per share, totaling approximately RMB 1.34 billion [2] - The voting rights associated with the transferred shares will be irrevocably and exclusively entrusted to Guohui Capital for a period of 36 months [2][3] Group 2 - Following the completion of the share transfer, Guohui Capital will become the controlling shareholder, and the actual controller will shift from the Zhuhai State-owned Assets Supervision and Administration Commission to the Shandong State-owned Assets Supervision and Administration Commission [3] - The change in control is not expected to adversely affect the company's normal operations or harm the interests of the company and minority shareholders [3] - The completion of the share transfer is subject to several conditions, including due diligence by the acquirer, approval from relevant state-owned asset regulatory authorities, and compliance with antitrust reviews [3]

中信证券股份有限公司 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 2025 年 5 月 债券简称：通裕转债 债券代码: 123149.SZ 证券简称：通裕重工 证券代码: 300185.SZ 中信证券股份有限公司 关于通裕重工股份有限公司 向不特定对象发行可转换公司债券 公司控制权拟发生变更的 临时受托管理事务报告 债券受托管理人 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为中信证券所作的承诺 或声明。 1 中信证券股份有限公司作为通裕重工 2022 年向不特定对象发行可转换公司 债券（债券简称"通裕转债"，债券代码"123149.SZ"）的受托管理人，持续密切 关注对债券持有人权益有重大影响的事项。根据《公司债券发行与交易管理办法》 《深圳证券交易所公司债券上市规则》《公司债券受托管理人执业行为准则》等 相关规定，现就下述重大事项予以报告： 根据发行人于 2025 年 5 月 7 日公告的《通裕重工股份有限公司关于控股股 东签署<股份转让协议><表决权委托协议>暨公司控制权拟发生变更的提示性公 告》，公司控制权拟发生 ...

Meeting Information - The company will hold the 2024 Annual General Meeting on May 20, 2025, at 14:30, combining on-site voting and online voting [1] - The online voting period is from 9:15 to 15:00 on the same day [1] Attendance Rights - All shareholders registered by the close of trading on May 13, 2025, have the right to attend the meeting and can appoint a proxy to vote [2] - The meeting will also include company directors, supervisors, senior management, and other necessary personnel as per regulations [2] Agenda Items - The meeting will review various proposals, including the 2024 Annual Board Work Report and the 2024 Annual Financial Settlement Report, which were approved in prior meetings [3] - A specific proposal concerning the interests of minority investors will be separately counted and disclosed [3] Registration Process - Shareholders must present identification and relevant documents to register for the meeting [4][5] - Proxy representatives must also provide authorization documents and identification [4][5] Voting Process - Shareholders can participate in online voting through the Shenzhen Stock Exchange's trading system and internet voting system [6] - The voting will follow a non-cumulative voting method, where the first valid vote will be considered for any repeated proposals [9]

债券代码：123149 债券简称：通裕转债 证券代码：300185 证券简称：通裕重工 公告编号：2025-054 通裕重工股份有限公司 关于召开 2024 年年度股东大会的提示性公告 本公司及董事会全体人员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 经通裕重工股份有限公司（以下简称"公司"）第六届董事会第二十次会议 审议通过，公司定于2025年5月20日（星期二）以现场表决和网络投票相结合的 方式召开2024年年度股东大会，本次股东大会会议通知已于2025年4月29日刊登 于巨潮资讯网，现将本次会议的相关事项提示公告如下： 一、召开会议的基本情况 1、股东大会届次：通裕重工股份有限公司2024年年度股东大会 2、股东大会召集人：公司董事会 3、会议召开的合法、合规性：本次股东大会的召开经第六届董事会第二十 次会议审议通过，符合有关法律、行政法规、部门规章、规范性文件、深圳证券 交易所业务规则和公司章程的规定。 4、会议召开的日期、时间 （1）现场会议日期及时间：2025年5月20日（星期二）下午14:30。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为 ...

通裕重工股份有限公司（以下简称"公司"）2024年年度报告及摘要已于2025 年4月29日在中国证监会指定创业板上市公司信息披露网站巨潮资讯网 （http://www.cninfo.com.cn）公开披露。 为进一步加强与投资者的互动交流，公司将参加由山东证监局、山东上市公 司协会与深圳市全景网络有限公司联合举办的"2025年山东辖区上市公司投资者 网上集体接待日活动"，同时举行2024年度业绩网上说明会，现将相关事项公告 如下： | 证券代码：300185 | 证券简称：通裕重工 | 公告编号：2025-053 | | --- | --- | --- | | 债券代码：123149 | 债券简称：通裕转债 | | 通裕重工股份有限公司 关于参加 2025 年山东辖区上市公司投资者网上集体接待日 活动暨举行 2024 年度业绩网上说明会的公告 本公司及董事会全体人员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）；或关注微信公众号（名称：全景财经）；或下载全景 路演APP，参与本 ...

Core Viewpoint - The control of Tongyu Heavy Industry has changed hands again, with Guohui Capital becoming the largest shareholder after the transfer of shares from Zhuhai Port Group, marking a significant shift in the company's governance structure [2][3][4]. Share Transfer Details - Zhuhai Port Group transferred 604,032,700 shares (15.50% of total shares) to Guohui Capital at a price of RMB 2.22 per share, totaling approximately RMB 1.34 billion, which represents a 9.02% discount compared to the last closing price before suspension [3][4]. - Following the transfer, Zhuhai Port Group's voting rights will drop from 20.33% to 0%, while Guohui Capital will gain 20.33% voting rights, effectively changing the actual controller from Zhuhai State-owned Assets Supervision and Administration Commission to Shandong State-owned Assets Supervision and Administration Commission [4][5]. Background of Guohui Capital - Guohui Capital, established in January 2020, is a wholly-owned subsidiary of Shandong Guohui Investment Holding Group, which is under the control of Shandong State-owned Assets Supervision and Administration Commission [5]. - Guohui Group is undergoing strategic restructuring, aiming to support green, low-carbon development and new industrialization in Shandong Province [5]. Company Performance - Since Zhuhai Port Group took over, Tongyu Heavy Industry has experienced declining performance, with net profits dropping from RMB 2.85 billion in 2021 to RMB 413.76 million in 2024, reflecting a significant downward trend [7][8]. - The company faces substantial debt pressure, with short-term loans reaching RMB 28.02 billion and a total of RMB 12.69 billion in long-term loans [7]. - In Q1 2025, the company reported a slight revenue increase of 1.34% year-on-year, but net profit growth was primarily due to reduced financial expenses rather than operational improvements [9]. Industry Context - The wind power industry has entered a phase of oversupply and intense price competition since 2021, leading to declining prices for wind turbines and components [8][9]. - The competitive landscape has intensified, with significant downward pressure on prices affecting upstream component manufacturers like Tongyu Heavy Industry [8][9].

Market Overview - On May 9, A-shares experienced a correction with over 4,100 stocks declining, resulting in the Shanghai Composite Index falling by 0.26% to 3,343.38 points, the Shenzhen Component Index down by 0.84%, and the ChiNext Index down by 1% [1][2] - The total trading volume in A-shares for the half-day session reached 806.287 billion yuan [1] Economic Data - In the first four months, China's total goods trade value reached 14.14 trillion yuan, a year-on-year increase of 2.4%, with exports at 8.39 trillion yuan (up 7.5%) and imports at 5.75 trillion yuan (down 4.2%) [3] - In April alone, the total goods trade value was 3.84 trillion yuan, growing by 5.6%, with exports at 2.27 trillion yuan (up 9.3%) and imports at 1.57 trillion yuan (up 0.8%) [3] Central Enterprises Strategy - The State-owned Assets Supervision and Administration Commission emphasized the need for central enterprises to focus on national strategic services, technological advancements, and the development of AI capabilities across various industries [3] Sector Performance - The textile and apparel sector showed strength, with Huafang Co. achieving a four-day consecutive rise, while power stocks also performed well, with notable gains from Jin控电力, 淮河能源, and 华电辽能 [3][4] - The supercritical power generation sector is seen as crucial for China's low-carbon transition, aligning with the country's dual carbon goals [4] Company Insights 1. **淮河能源**: The company has a strong coal-electricity integration operation, with expectations for improved profitability due to the normal operation of the 潘集电厂 and the closure of loss-making plants [8] 2. **隆华科技**: The company is pursuing a dual strategy in energy-saving and new materials, with a focus on expanding its target material business into the photovoltaic sector [8] 3. **华银电力**: The company anticipates continued recovery in its thermal power segment as domestic coal supply and demand balance out, with ongoing projects expected to enhance profitability [8] 4. **通裕重工**: The company is expanding its capacity in large forging presses, which is expected to improve product quality and cost efficiency, leading to potential performance growth [8]