| | | 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].

Group 1 - The core point of the announcement is that KaiRun Co., Ltd. (300577) confirmed there are no overdue external guarantees provided by the company or its controlling subsidiaries [1] - The company also stated that it has not provided any guarantees for its controlling shareholders, actual controllers, or their related parties [1]

| | | 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]

Group 1 - The core announcement is that Kai Run Co., Ltd. will forcibly redeem its convertible bonds ("Kai Run Convertible Bonds") if they are not converted by the close of trading on December 25, 2025 [2] - After the redemption, the "Kai Run Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [2] - Holders of the "Kai Run Convertible Bonds" are reminded to convert their bonds into company stock during the conversion period [2] Group 2 - The conversion period for the bonds is from December 23, 2025, to December 25, 2025, during which bondholders can convert their bonds at a conversion price of 29.15 yuan per share [2]

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。 ...