| | | 债券代码：123039 债券简称：开润转债 安徽开润股份有限公司 关于对外担保的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 二、本次担保进展 特别风险提示： 安徽开润股份有限公司（以下简称"公司""本公司"）及控股子公司提供担保 余额为 216,272.98 万元，占公司最近一期经审计净资产的比例为 100.98%，敬请 投资者充分关注担保风险。 一、担保情况概述 公司于 2024 年 12 月 6 日召开第四届董事会第二十一次会议，并于 2024 年 12 月 23 日召开 2024 年第四次临时股东大会，审议通过了《关于对外担保额度 预计的议案》，预计公司及控股子公司为子公司提供担保的总额度为人民币 373,600 万元（含等值外币）。含公司为子公司提供担保的总额度为人民币 370,000 万元，及控股子公司为子公司提供担保的总额度为人民币 3,600 万元。具体内容 详见 2024 年 12 月 7 日于巨潮资讯网 www.cninfo.com.cn 披露的《关于对外担保 额度预计的公告》（2024-141）。 公司于 2025 ...

证券日报网讯12月1日，开润股份（300577）在互动平台回答投资者提问时表示，截至2025年11月28 日，公司股东总人数为7，616户。 ...

Summary of Kaerun Co., Ltd. Conference Call Company Overview - **Company**: Kaerun Co., Ltd. - **Industry**: Bag and Apparel Manufacturing Key Points Bag Business Performance - The bag business benefits from growth in new clients such as VF and Uniqlo, offsetting some impacts from overseas tariffs, with expected stable revenue growth for the year [2][3] - Core clients Nike and Decathlon are expected to see a slowdown in growth in 2025, but significant recovery is anticipated in 2026 [2][5] - The bag segment achieved a 13% growth in the first half of 2025, with high single-digit growth expected in the second half [3] - New client acquisition includes Adidas, with plans to expand production capacity in Indonesia to support future order growth [2][3] Apparel Segment Insights - The apparel segment operates through a controlling stake in Jiale, benefiting from Indonesia's rise as a global textile manufacturing hub [2][3] - Current capacity utilization for the apparel segment is around 50%, with a focus on improving efficiency over the next two years [3][4] - Major clients in the apparel segment include Uniqlo (40%-50% share), Adidas (30%), PUMA, and MUJI [8] Growth Projections - The printing paste segment is expected to grow by 30%-50% in 2025, with continued strong growth anticipated in 2026 due to operational efficiencies in Indonesia [6] - IT clients account for less than 20% of revenue, with low growth rates, while smaller clients like Liquid, Tuler, and Uniqlo show significant growth potential [7] Client Dynamics - Nike and Decathlon, the top two clients in the bag business, account for nearly half of the bag revenue, with low single-digit growth expected in 2025 but a strong recovery forecasted for 2026 [5] - VF has shown double-digit growth, becoming a significant contributor to revenue [5] Capacity Utilization and Management - Bag capacity utilization exceeds 90%, while apparel capacity is around 50% due to multi-SKU order impacts [10] - Future strategies include lean management to enhance efficiency without rushing into new capacity investments [10] Margin and Cost Management - Most clients have agreed on tariff cost-sharing, with only a few requesting price reductions, leading to a minor impact on margins [11] - Overall margin is expected to improve through optimized factory management and increased production efficiency [11] R&D and Product Development - The company is focusing on fabric R&D, particularly in sports synthetic fibers, with plans to enhance capabilities in this area [12] Xiaomi Collaboration - Issues with Xiaomi's bag sales on JD.com have been resolved, with expectations for at least single-digit growth in the To C business in the upcoming quarters [13][14] - Xiaomi plans to launch higher-end flagship products, which may enhance market position [13] Brand Development - The 90 Points brand faced revenue declines due to external factors, but operational performance remains stable [15] - Future efforts will focus on product development and expanding overseas markets to drive growth [15] Sales Channel Insights - The 90 Points brand has a total volume of less than 200 million, with online sales accounting for about half of total sales [16] - Offline channels are expected to grow faster than online, reflecting better performance in the current market environment [16]

Core Viewpoint - The company, Kairun Co., Ltd., is experiencing growth in its business segments, particularly in the fitness equipment sector and cross-border e-commerce, benefiting from the depreciation of the RMB and collaborations with various IPs and Xiaomi [2][3]. Group 1: Business Expansion - The company has entered the fitness equipment market, launching its first product, a treadmill, which has received positive feedback [2]. - The brand "90 Points" is expanding its global presence through online cross-border e-commerce and offline distribution channels, having established a presence on Amazon in the U.S. [2]. - The company has collaborated with various IPs, including Marvel and the "Tomb Raider" series, to launch unique products under its brand [2]. Group 2: Financial Performance - For the period from January to September 2025, the company reported revenue of 3.719 billion yuan, a year-on-year increase of 22.94%, while net profit attributable to shareholders decreased by 13.38% to 278 million yuan [8]. - The company's overseas revenue accounted for 75.61% of total revenue, benefiting from the depreciation of the RMB [3]. Group 3: Shareholder and Market Activity - As of November 20, 2025, the number of shareholders increased by 4.63% to 7,842, while the average circulating shares per person decreased by 4.42% to 17,816 shares [7]. - The stock has a current market capitalization of 5.769 billion yuan, with a trading volume of 32.7719 million yuan and a turnover rate of 0.97% [1].

证券日报网讯11月26日晚间，开润股份（300577）发布公告称，上市公司及其控股子公司无逾期对外担 保情况，亦无为控股股东、实际控制人及其关联方提供担保的情况。 ...

| | | 债券代码：123039 债券简称：开润转债 安徽开润股份有限公司 关于对外担保的进展公告 一、担保情况概述 公司于 2024 年 12 月 6 日召开第四届董事会第二十一次会议，并于 2024 年 12 月 23 日召开 2024 年第四次临时股东大会，审议通过了《关于对外担保额度 预计的议案》，预计公司及控股子公司为子公司提供担保的总额度为人民币 373,600 万元（含等值外币）。含公司为子公司提供担保的总额度为人民币 370,000 万元，及控股子公司为子公司提供担保的总额度为人民币 3,600 万元。具体内容 详见 2024 年 12 月 7 日于巨潮资讯网 www.cninfo.com.cn 披露的《关于对外担保 额度预计的公告》（2024-141）。 公司于 2025 年 4 月 25 日召开第四届董事会第二十四次会议，并于 2025 年 5 月 16 日召开 2024 年度股东大会，审议通过《关于增加对外担保额度预计的议 案》，增加子公司上海嘉乐股份有限公司为其子公司 PT.JIALE INDONESIA GARMENT 提供担保额度人民币 3,500 万元（含等值外币），担保方式包 ...

证券代码：300577 证券简称：开润股份 公告编号：2025-112 债券代码：123039 债券简称：开润转债 安徽开润股份有限公司 关于"开润转债"即将到期及停止交易的第三次提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、"开润转债"到期日和兑付登记日：2025 年 12 月 25 日 2、"开润转债"到期兑付价格：115 元人民币/张（含税及最后一期利息） 6、截至 2025 年 12 月 25 日收市后仍未转股的"开润转债"将被强制赎回；本 次赎回完成后，"开润转债"将在深圳证券交易所摘牌。特此提醒"开润转债"持 有人注意在转股期内转股。 7、在停止交易后、转股期结束前（即 2025 年 12 月 23 日至 2025 年 12 月 25 日），"开润转债"持有人仍可以依据约定的条件，将"开润转债"转换为公司 股票，目前转股价格为 29.15 元/股。 一、"开润转债"基本情况 根据有关法律法规和《安徽开润股份有限公司公开发行可转换公司债券募集 说明书》（以下简称"《募集说明书》"）的相关规定，公司发行的"开润转债"自 2 ...

Market Performance - The primary economic sector increased by 1.7% compared to the previous trading day, with KaiKai Industry leading the gains [1] - The Shanghai Composite Index closed at 3836.77, up 0.05%, while the Shenzhen Component Index closed at 12585.08, up 0.37% [1] Top Gainers - KaiKai Industry (600272) closed at 14.80, up 6.40% with a trading volume of 263,400 shares and a transaction value of 390 million [1] - Remote Technology (002291) closed at 7.75, up 5.87% with a trading volume of 2,009,000 shares and a transaction value of 1.536 billion [1] - Lan Sheng Co. (600826) closed at 12.35, up 3.52% with a trading volume of 410,500 shares and a transaction value of 498 million [1] Market Capital Flow - The primary economic sector saw a net inflow of 58.50 million from main funds, while retail investors experienced a net outflow of 67.74 million [2][3] - The top stocks by main fund inflow included KaiKai Industry with 58.61 million, accounting for 15.03% of the total [3] Individual Stock Performance - Wangfujing (600859) saw a slight decline of 0.64%, closing at 14.01 with a trading volume of 267,000 shares and a transaction value of 374 million [2] - The stock of KaiKai Industry had a significant net inflow from main funds, while retail investors showed a notable outflow [3]

证券日报网讯 11月21日晚间，开润股份发布公告称，截至2025年12月25日收市后仍未转股的"开润转 债"将被强制赎回；本次赎回完成后，"开润转债"将在深圳证券交易所摘牌。特此提醒"开润转债"持有 人注意在转股期内转股。在停止交易后、转股期结束前（即2025年12月23日至2025年12月25日），"开 润转债"持有人仍可以依据约定的条件，将"开润转债"转换为公司股票，目前转股价格为29.15元/股。 （文章来源：证券日报） ...

证券日报网讯开润股份（300577）11月21日在互动平台回答投资者提问时表示，截至2025年11月20日， 公司股东总人数为7，842户。 ...