| 证券代码：300527 | 证券简称：中船应急 | 公告编号：2025-033 | | --- | --- | --- | | 债券代码：123048 | 债券简称：应急转债 | | 中国船舶重工集团应急预警与救援装备股份有限公司 关于"应急转债"恢复转股的提示性公告 1.债券代码：123048 债券简称：应急转债 2.转股期限：2020 年 10 月 16 日至 2026 年 4 月 9 日 3.暂停转股日期：2025 年 7 月 3 日至 2025 年 7 月 10 日 4.恢复转股日期：2025 年 7 月 11 日 中国船舶重工集团应急预警与救援装备股份有限公司（以下简称"公司"） 因实施 2024 年年度权益分派，根据《中国船舶重工集团应急预警与救援装备股 份有限公司创业板公开发行可转换公司债券募集说明书》及相关规定，公司可转 换公司债券（债券简称：应急转债，债券代码：123048）自 2025 年 7 月 3 日起 至本次权益分派股权登记日（2025 年 7 月 10 日）期间暂停转股。 根据相关规定，"应急转债"将在本次权益分派股权登记日后的第一个交易 日（即 2025 年 7 月 11 日 ...

Group 1 - The core viewpoint of the article highlights a significant decline in the China Shipbuilding sector, with a drop of 2.12% as of July 9, ranking among the top losers in the concept sector [1] - Major stocks within the China Shipbuilding sector, such as China Shipbuilding Industry Co., China Heavy Industry, and China Shipbuilding Emergency, experienced substantial net outflows of capital, indicating a bearish sentiment among investors [1] - The article provides detailed data on the capital outflow from specific stocks, with China Shipbuilding Industry Co. leading the outflow at approximately 126.99 million yuan, followed by China Heavy Industry at about 98.32 million yuan [1] Group 2 - The article lists the top gainers and losers in various concept sectors, with the childcare service sector gaining 1.82% while the China Shipbuilding sector faced the largest decline [1] - A total of 11 stocks in the China Shipbuilding sector saw net outflows, with 6 stocks experiencing outflows exceeding 30 million yuan, indicating a trend of selling pressure [1] - The article includes a table summarizing the performance of individual stocks within the China Shipbuilding sector, detailing their percentage changes, turnover rates, and net capital flows [1]

Group 1 - The core viewpoint of the news is that the China Shipbuilding sector experienced a decline of 0.45%, ranking among the top losers in the concept sector, with notable declines in stocks such as China Ship Emergency, Kunshan Intelligent, and China Power [1][2] - Among the China Shipbuilding stocks, only two saw price increases, with China Ship Han Guang and China Marine Defense rising by 4.03% and 2.44% respectively [1][2] - The main funds in the China Shipbuilding sector saw a net outflow of 397 million yuan, with nine stocks experiencing net outflows, and five stocks seeing outflows exceeding 30 million yuan [2] Group 2 - The stock with the highest net outflow was China Ship Han Guang, which had a net outflow of 127 million yuan, followed by China Shipbuilding, China Heavy Industry, and China Ship Emergency with net outflows of 89.8 million yuan, 77.8 million yuan, and 73.5 million yuan respectively [2] - The top gainers in terms of net inflow were China Marine Defense and Jiu Zhi Yang, with net inflows of 68.8 million yuan and 5.6 million yuan respectively [2] - The trading volume and turnover rates for the China Shipbuilding stocks varied, with China Ship Han Guang having a turnover rate of 23.35% despite a price increase, while others like China Ship Emergency saw a significant decline of 5.34% with a turnover rate of 11.31% [2]

New Stock Issuance - Huadian New Energy (证券代码: 730930) issued shares at a price of 3.18 on July 7, 2025[1] - Jichuan Pharmaceutical (证券代码: 600566) has a tender offer period from June 18 to July 17, 2025[1] - ST Yazhen (证券代码: 603389) has a tender offer period from June 10 to July 9, 2025[1] Trading Alerts - The last trading day for TSM Jinguang (证券代码: 600190) is in 9 trading days[1] - The last trading day for TSM Jinyou (证券代码: 600462) is in 5 trading days[1] - The last trading day for TSM Gongzhi (证券代码: 000584) is in 3 trading days[1] Abnormal Fluctuations - Northern Long (证券代码: 301357) is experiencing severe abnormal fluctuations[1] - ST Dongjing (证券代码: 002199) reported abnormal fluctuations[3] - ST Yunchuang (证券代码: 835305) reported abnormal fluctuations on July 4, 2025[3]

Group 1 - The core viewpoint of the news is that the China Shipbuilding sector has seen a significant increase, with a rise of 5.23%, making it the top-performing sector on the trading day [1][2] - Within the China Shipbuilding sector, 11 stocks experienced gains, with China Shipbuilding Han Guang hitting a 20% limit up, followed by China Shipbuilding Emergency and Kunshan Intelligent, which rose by 12.17% and 8.61% respectively [1][2] - The sector attracted a net inflow of 426 million yuan from main funds, with nine stocks receiving net inflows, and seven stocks seeing inflows exceeding 10 million yuan [2][3] Group 2 - The top three stocks in terms of net fund inflow rates were China Shipbuilding Han Guang at 17.02%, China Shipbuilding Technology at 8.74%, and China Marine Defense at 7.66% [3] - The trading volume and turnover rates for the leading stocks were notable, with China Shipbuilding Han Guang showing a turnover rate of 22.03% and a net fund flow of approximately 229.99 million yuan [3][4] - Other stocks in the sector, such as China Shipbuilding Emergency and Kunshan Intelligent, also demonstrated strong performance with respective net fund inflows of 63.09 million yuan and 14.99 million yuan [3][4]

Core Viewpoint - The stock of China Shipbuilding Industry Corporation (CSIC) has experienced significant upward movement, with China Shipbuilding Han Guang hitting a 20% limit up, indicating strong market interest following a major merger approval [1] Group 1: Stock Performance - China Shipbuilding Han Guang reached a 20% limit up, indicating a strong bullish sentiment in the market [1] - Kunshan Intelligent rose over 5%, while other stocks such as China Shipbuilding Emergency, Jiu Zhi Yang, China Shipbuilding Defense, China Shipbuilding, and China Shipbuilding Technology also saw gains [1] Group 2: Merger and Acquisition - The Shanghai Stock Exchange's merger and acquisition review committee approved the share swap and absorption merger of China Shipbuilding and China Heavy Industry on July 4 [1] - Following the completion of the restructuring, China Shipbuilding will become the largest publicly listed shipbuilding company globally, holding over 18% of the global order volume [1] - The production schedule for China Shipbuilding is extended until 2029, indicating strong future demand [1]

Investment Rating - The report maintains a positive outlook on the defense and military industry, suggesting an "Overweight" rating, indicating that the industry is expected to outperform the overall market [4][29]. Core Insights - The defense and military sector is experiencing a significant upward cycle driven by domestic demand and military modernization efforts, particularly the transition to "mechanization + informationization" and the upcoming "intelligent + unmanned" era [5][6]. - The report highlights the increasing global military trade demand due to geopolitical changes, which is expected to create a strong resonance between supply and demand in China's military trade [5]. - The valuation of the military industry is projected to rise as the sector benefits from both domestic construction cycles and the reshaping of global military trade dynamics, leading to higher market recognition and valuation [5][14]. Market Review - Last week, the Shenwan Defense and Military Index rose by 1.36%, while the CSI Military Leaders Index increased by 1.3%. In comparison, the Shanghai Composite Index rose by 1.4%, and the CSI 300 Index increased by 1.54% [4][6]. - The report notes that the defense and military sector's performance ranked 13th among 31 Shenwan primary industry sectors [6]. - The top five performing stocks in the defense and military sector last week were: - Morningstar Aviation (24.21%) - China Ship Emergency (20.23%) - Xuanji Information (17.67%) - Rongfa Nuclear Power (17.02%) - Parker New Materials (12.24%) [6][13]. Valuation Changes - The current PE-TTM for the Shenwan military sector is 81.14, placing it in the upper range historically, with a valuation percentile of 70.36% since January 2014 and 99.24% since January 2019 [14][19]. - The report indicates a slight differentiation in valuations among sub-sectors, with aerospace and aviation equipment showing relatively high PE valuations since 2020 [14][19]. Key Valuation Targets - The report lists several key targets within the military sector, including: - High-end combat capabilities: AVIC Shenyang Aircraft, AVIC Chengdu Aircraft, Inner Mongolia First Machinery, and others. - New quality combat capabilities: Chengdu Huamei, Xindong Link, Aerospace Electronics, and others [5][21].

Group 1 - The company announced that the conversion price for its convertible bonds, "应急转债," remains unchanged at 7.06 CNY per share after the annual equity distribution [1][4] - The company issued 8,189,312 convertible bonds on April 10, 2020, with a face value of 100 CNY each, which were listed on the Shenzhen Stock Exchange [1][2] - The company implemented a cash dividend of 0.026268 CNY per 10 shares and did not issue any bonus shares or capital increases [3][4] Group 2 - The adjustment formula for the conversion price is specified in the company's prospectus, detailing how various corporate actions affect the conversion price [2][3] - The company will announce any adjustments to the conversion price in accordance with regulatory requirements and will ensure the protection of bondholders' rights [3][4] - The total cash distributed to shareholders amounted to 2,592,395.74 CNY, including tax [3]

| 证券代码：300527 | 证券简称：中船应急 | 公告编号：2025-032 | | --- | --- | --- | | 债券代码：123048 | 债券简称：应急转债 | | 中国船舶重工集团应急预警与救援装备股份有限公司 关于不调整可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.债券代码：123048 债券简称：应急转债 2.因公司实施 2024 年度权益分派的每股派发现金红利金额较小，经计算，本次 年度权益分派后，"应急转债"转股价格无需调整，转股价格仍为 7.06 元/股。 一、关于可转换公司债券转股价格调整的相关规定 派送现金股利：P1＝P0-D； 上述三项同时进行：P1＝（P0-D+A×k）/（1+n+k）。 经中国证券监督管理委员会（以下简称"中国证监会"）"证监许可(2019)2973 号"文核准，中国船舶重工集团应急预警与救援装备股份有限公司（以下简称"公 司"）于 2020 年 4 月 10 日公开发行了 8,189,312 张可转换公司债券，每张面值 100 元，发行总额 818,931,2 ...

| 证券代码：300527 | 证券简称：中船应急 | 公告编号：2025-031 | | --- | --- | --- | | 债券代码：123048 | 债券简称：应急转债 | | 中国船舶重工集团应急预警与救援装备股份有限公司 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。 中国船舶重工集团应急预警与救援装备股份有限公司（以下简称"公司"） 2024 年年度权益分派方案已获 2025 年 5 月 15 日召开的 2024 年年度股东大会审 议通过，现将权益分派事宜公告如下： 一、股东大会审议通过利润分配方案等情况 1.公司于 2025 年 4 月 18 日召开第三届董事会第十九次会议和第三届监事会 第十八次会议，于 2025 年 5 月 15 日召开 2024 年年度股东大会，先后审议通过 了《2024 年度利润分配预案》，具体方案如下：以 2024 年 12 月 31 日总股本 986,822,295 股为基数，以本年实现可供股东分配的未分配利润 8,641,331.84 元为基础，向全体股东每 10 股派发现金 0 ...