Group 1 - The company announced that the trading suspension date for the convertible bonds is September 9, 2025 [1] - The conversion suspension date for the convertible bonds is set for September 12, 2025 [1] - Investors can convert their bonds into shares during trading hours before the conversion suspension date [1]

证券日报网讯设研院9月2日在互动平台回答投资者提问时表示，截至8月31日，公司股东人数为32274 户。 （文章来源：证券日报） ...

Core Viewpoint - The company has decided to redeem its convertible bonds ("设研转债") early due to the stock price exceeding the conversion price, which will lead to the bonds being delisted from the Shenzhen Stock Exchange [2][12]. Group 1: Bond Redemption Announcement - The company announced the early redemption of "设研转债" after the stock price was above 130% of the conversion price for 15 trading days [2][11]. - The redemption price is set at 101.25 CNY per bond, which includes accrued interest [12][13]. - The redemption will occur on September 12, 2025, with trading of the bonds ceasing on September 9, 2025 [13][14]. Group 2: Bond Conversion and Pricing - The initial conversion price of "设研转债" was 11.24 CNY per share, which has been adjusted to 8.05 CNY per share [3][10]. - The bondholders are advised to convert their bonds before the redemption date to avoid forced redemption [1][12]. - The company has a history of adjusting the conversion price based on various corporate actions, including share buybacks and dividend distributions [5][9]. Group 3: Conditions for Redemption - The redemption conditions were triggered as the stock price met the criteria outlined in the bond issuance prospectus [11][12]. - The company has the right to redeem the bonds if the remaining unconverted bonds are less than 30 million CNY [11][12]. - The accrued interest for the bonds is calculated based on the bond's face value and the annual interest rate [12][13].

| 证券代码：300732 | 证券简称：设研院 | 公告编号：2025-062 | | --- | --- | --- | | 债券代码：123130 | 债券简称：设研转债 | | 9、赎回类别：全部赎回 10、根据安排，截至 2025 年 9 月 11 日收市后尚未实施转股的"设研转债" 将被强制赎回，本次赎回完成后，"设研转债"将在深圳证券交易所（以下简称 "深交所"）摘牌。债券持有人持有的"设研转债"如存在被质押或被冻结的， 建议在停止交易和转股日前解除质押和冻结，以免出现无法转股而被强制赎回的 情形。 河南省中工设计研究院集团股份有限公司 11、债券持有人若转股，需开通创业板交易权限。投资者不符合创业板股票 适当性管理要求的，不能将所持"设研转债"转换为股票，特提请投资者关注不 能转股的风险 关于提前赎回设研转债的第八次提示性公告 风险提示：根据安排，截至 2025 年 9 月 11 日收市后仍未转股的"设研转债"， 公司将按照 101.25 元/张的价格强制赎回，因目前"设研转债"二级市场价格与 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。 2 ...

关于提前赎回设研转债的第七次提示性公告 | 证券代码：300732 | 证券简称：设研院 | 公告编号：2025-061 | | --- | --- | --- | | 债券代码：123130 | 债券简称：设研转债 | | 河南省中工设计研究院集团股份有限公司 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、"设研转债"（债券代码：123130）赎回价格：101.25 元/张（债券面值 加当期应计利息，当期年利率为 1.5%，且当期利息含税），扣税后的赎回价格以 中国证券登记结算有限责任公司深圳分公司（以下简称"中国结算"）核准的价 格为准。 9、赎回类别：全部赎回 10、根据安排，截至 2025 年 9 月 11 日收市后尚未实施转股的"设研转债" 将被强制赎回，本次赎回完成后，"设研转债"将在深圳证券交易所（以下简称 "深交所"）摘牌。债券持有人持有的"设研转债"如存在被质押或被冻结的， 建议在停止交易和转股日前解除质押和冻结，以免出现无法转股而被强制赎回的 情形。 11、债券持有人若转股，需开通创业板交易权限。投资者不符合创业板股票 适 ...

Core Viewpoint - The company has decided to redeem its convertible bonds ("设研转债") early due to the stock price exceeding the conversion price, triggering the conditional redemption clause outlined in the bond issuance prospectus [2][11]. Group 1: Redemption Announcement - The board of directors approved the early redemption of "设研转债" on August 21, 2025, after the stock price was above 130% of the conversion price for 15 trading days [2][11]. - The redemption price is set at 101.25 CNY per bond, which includes the face value and accrued interest [12][13]. - The redemption will occur on September 12, 2025, with trading of the bonds ceasing on September 9, 2025 [13][14]. Group 2: Bond Details - "设研转债" was issued with an initial conversion price of 11.24 CNY per share, which has been adjusted to 8.05 CNY per share [3][10]. - The bond was first listed on December 2, 2021, with a total issuance amount of 376 million CNY [2][3]. - The bond has a coupon rate of 1.5% per annum, with interest calculated based on the number of days held [12][14]. Group 3: Conditions for Redemption - The conditional redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for a specified period [11][12]. - The company must also redeem the bonds if the remaining unconverted bonds fall below 30 million CNY [11][12]. - The accrued interest for the redemption period is calculated using the formula: IA = B × i × t / 365, where IA is the accrued interest, B is the total face value, i is the interest rate, and t is the number of days [12][14].

特别提示： | 证券代码：300732 | 证券简称：设研院 | 公告编号：2025-060 | | --- | --- | --- | | 债券代码：123130 | 债券简称：设研转债 | | 河南省中工设计研究院集团股份有限公司 关于提前赎回设研转债的第六次提示性公告 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。 1、"设研转债"（债券代码：123130）赎回价格：101.25 元/张（债券面值 加当期应计利息，当期年利率为 1.5%，且当期利息含税），扣税后的赎回价格以 中国证券登记结算有限责任公司深圳分公司（以下简称"中国结算"）核准的价 格为准。 9、赎回类别：全部赎回 10、根据安排，截至 2025 年 9 月 11 日收市后尚未实施转股的"设研转债" 将被强制赎回，本次赎回完成后，"设研转债"将在深圳证券交易所（以下简称 "深交所"）摘牌。债券持有人持有的"设研转债"如存在被质押或被冻结的， 建议在停止交易和转股日前解除质押和冻结，以免出现无法转股而被强制赎回的 情形。 11、债券持有人若转股，需开通创业板交易权限。投资者不符合创业板股票 适 ...

Group 1 - The establishment of Henan Rushong Expressway Co., Ltd. with a registered capital of 200 million yuan is noted, focusing on services such as micro-car rental, solar power technology services, and sales of construction materials and rebar products [1][2]. - The company is jointly owned by the Design Research Institute (300732) and a wholly-owned subsidiary of China Railway (601390), namely China Railway Capital Co., Ltd. [1][3]. - The company is registered in Luoyang, Henan Province, and its business scope includes various services and sales related to construction and energy [2][3]. Group 2 - The legal representative of the company is Wang Guoqing, and it is currently in a state of operation with a business term extending until August 26, 2025 [2]. - The company is classified under the national standard industry of engineering construction [2]. - The major shareholder, China Railway Capital Co., Ltd., holds a 51% stake, indicating significant control over the company [3].

Core Viewpoint - The company, 设研院, reported significant losses in 2024 and continued to face negative performance in the first half of 2025, leading to a substantial decline in stock price following executive sell-offs [1][2]. Financial Performance - In the first half of 2025, the company achieved a revenue of 790 million yuan, with a net loss attributable to shareholders of 25.25 million yuan and a non-recurring net loss of 30.60 million yuan, resulting in a basic earnings per share of -0.08 yuan [1]. - The company recognized a total asset impairment loss of 106 million yuan, including credit impairment losses of 91.78 million yuan and asset impairment losses of 14.16 million yuan [1]. Stock Performance and Executive Actions - Despite ongoing losses, the company's stock price experienced a significant increase in late July, coinciding with executive share sell-offs [2]. - Executives, including the vice president and board secretary, planned to sell a total of 13,190 shares, with the sales executed at prices of 6.88 yuan and 9.07 yuan per share, resulting in proceeds of approximately 42,000 yuan and 640,000 yuan respectively [3]. - Following the stock price surge, the company’s shares peaked at 12.88 yuan on August 8, but have since declined to 9.31 yuan by August 29 [3].

Core Insights - The company reported a revenue of 790 million yuan for the first half of 2025, marking a year-on-year growth of 27.53%, while the net profit attributable to shareholders was a loss of 25.25 million yuan, a reduction in loss by 71.15% compared to the previous year [1] - The company focuses on seven core areas: transportation, urban construction, architecture, mining, water conservancy, environment, and energy power, driving traditional business upgrades and breakthroughs in new business through "technical consulting services" and "technical research and achievement promotion" [1] Financial Performance - The traditional engineering design consulting business generated a revenue of 609 million yuan, reflecting a year-on-year increase of 45.22%, with a gross profit margin of 29.30% [1] - The company's net profit after deducting non-recurring items was a loss of 30.60 million yuan, which is a year-on-year reduction in loss by 63.58% [1] Business Development - The company has achieved significant results in four key areas: digital intelligence, green low-carbon initiatives, intelligent construction, and low-altitude economy [2] - In the digital intelligence sector, the "1+3+N" smart transportation system has been applied in 40 key highway projects and 57 operational management units in Henan Province, promoting the digital transformation of highway infrastructure [2] - In the green low-carbon area, new contracts were signed for projects such as the "Low Temperature Asphalt Standard Development" and "Compilation of Air Pollution and Greenhouse Gas Emission Lists for Luohe City," with nearly 1,300 tons of eco-friendly materials promoted [2] Market Expansion - The company's strategy of "deep cultivation within the province, expansion outside the province, and breakthroughs overseas" has shown significant results, with external revenue reaching 351 million yuan, a year-on-year increase of 67.63% [3] - New markets in Hainan, Heilongjiang, and Tibet have been successfully entered, while overseas business continues to expand with projects in South Asia, ASEAN, East Africa, and West Africa [3]