Core Viewpoint - Haineng Industrial announced that it will not lower the conversion price of "Haineng Convertible Bonds" during the specified period, indicating a strategic decision to maintain the current pricing structure [2] Summary by Sections - **Board Meeting Decision** - On November 20, 2025, the company held its fifth board meeting and approved the proposal not to adjust the conversion price of "Haineng Convertible Bonds" [2] - **Future Conditions** - The company stated that for the next six months, from the date of the announcement until May 20, 2026, it will not propose any downward adjustment to the conversion price even if the conditions for such an adjustment are triggered [2] - **Post-Six-Month Review** - After May 21, 2026, if the conditions for a downward adjustment are triggered again, the board will reconvene to decide whether to exercise the right to adjust the conversion price [2]

| 证券代码：300787 | 证券简称：海能实业 | 公告编号：2025-104 | | --- | --- | --- | | 债券代码：123193 | 债券简称：海能转债 | | 安福县海能实业股份有限公司 5、本次会议的召集和召开程序符合《中华人民共和国公司法》和《安福县 海能实业股份有限公司章程》的有关规定，形成的决议合法有效。 二、董事会会议审议情况 经与会董事认真审议，会议以记名投票表决方式通过了以下议案并形成如下 决议： 1、审议通过《关于不向下修正"海能转债"转股价格的议案》 第五届董事会第二次会议决议公告 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。 一、董事会会议召开情况 1、安福县海能实业股份有限公司（以下简称"公司"）第五届董事会第二次 会议通知已于 2025 年 11 月 17 日以电子邮件方式发出。 2、本次会议于 2025 年 11 月 20 日在公司会议室以现场及通讯相结合的方式 召开。 3、公司应参加会议董事 8 人，实际参加会议董事 8 人，以通讯表决方式出 席会议 2 人。董事华金秋、王剑以通讯表决的方式参加本次会议 ...

| 证券代码：300787 | 证券简称：海能实业 | 公告编号：2025-105 | | --- | --- | --- | | 债券代码：123193 | 债券简称：海能转债 | | 安福县海能实业股份有限公司 关于不向下修正"海能转债"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、自 2025 年 10 月 30 日至 2025 年 11 月 20 日，安福县海能实业股份有限 公司股票已出现任意连续三十个交易日中至少有十五个交易日的收盘价格低于 当期转股价格的 85%（即 12.50 元/股）的情形，触发"海能转债"转股价格向 下修正条件。 2、2025 年 11 月 20 日，公司召开第五届董事会第二次会议，审议通过了《关 于不向下修正"海能转债"转股价格的议案》，公司董事会决定本次不向下修正 "海能转债"转股价格，同时在未来六个月内（即自本公告披露日起至 2026 年 5 月 20 日），如再次触发"海能转债"转股价格向下修正条件，亦不提出向下修 正方案。在此期间之后（从 2026 年 5 月 21 日重新起算），若 ...

证券日报网讯海能实业11月17日在互动平台回答投资者提问时表示，截至11月10日收盘公司股东户数为 19148户。 （文章来源：证券日报） ...

Core Viewpoint - The announcement reveals that a major shareholder of Haineng Industrial plans to reduce their stake due to personal debt repayment needs, which may impact the company's stock performance and investor sentiment [1] Shareholder Reduction Plan - Shareholder Zhou Hongjun, holding 18.92 million shares (6.04% of total shares), intends to reduce up to 9.40 million shares (3% of total shares) within three months from December 5, 2025, to March 4, 2026 [1] - The reduction will occur through block trades and centralized bidding, with a maximum of 3.13 million shares (1% of total shares) via centralized bidding and 6.27 million shares (2% of total shares) via block trades [1] - Based on the closing price of 12.39 yuan on November 13, 2023, the estimated cash amount from this reduction is approximately 117 million yuan [1] Shareholder Background - Zhou Hongjun is a concerted actor with the company's controlling shareholder and actual controller, Zhou Hongliang, who holds 49.73% of the shares [1] - On March 24, 2025, Zhou Hongjun completed a previous reduction of 6.19 million shares, cashing out approximately 73.56 million yuan [1] Company Financials and Fundraising - Haineng Industrial was listed on the Shenzhen Stock Exchange on August 15, 2019, with a total issuance of 21.22 million shares at an issuance price of 27.33 yuan per share [2] - The total amount raised from the initial public offering was 579.94 million yuan, with a net amount of 502.36 million yuan after deducting issuance costs [3] - The funds raised are allocated for various projects, including the first and second phases of consumer electronics projects and upgrading the R&D center [3] Additional Fundraising Information - The total issuance costs for the IPO were 77.58 million yuan, including underwriting and sponsorship fees of 53 million yuan [4] - In 2023, the company issued convertible bonds totaling 60 million yuan, with net proceeds of approximately 59.12 million yuan after deducting issuance costs [4] - The total amount raised from the two fundraising activities is 1.18 billion yuan [5]

Core Viewpoint - Multiple shareholders across various companies are planning to reduce their stakes, indicating potential shifts in ownership dynamics and investor sentiment in the A-share market [1] Shareholder Reductions - *ST Yitai: Taihua Investment plans to reduce its stake by up to 1.9798% [1] - Huaren Pharmaceutical: Huaren Century Group intends to reduce its stake by no more than 3% [1] - Jianglong Shipbuilding: Controlling shareholder Yan Zhiqing plans to reduce his stake by up to 2% [1] - Jujie Microfiber: Controlling shareholder plans to reduce its stake by no more than 2% [1] - Wangsu Technology: Director Liu Chengyan plans to reduce his stake by up to 1% [1] - Haineng Industry: Zhou Hongjun plans to reduce his stake by up to 3% [1] - Changsheng Bearing: A concerted action by the actual controller plans to reduce its stake by up to 1.99% [1] - Jilin Chemical Fiber: Fangda Investment plans to reduce its stake by up to 2% [1] - Kangqiang Electronics: Simais plans to reduce its stake by up to 1% [1] - Pangu Intelligent: Shareholders holding over 5% plan to reduce their stake by up to 1% [1] - Changlian Technology: Fuhai New Materials plans to reduce its stake by up to 2% [1] - Xiongshi Technology: Some directors and senior management plan to reduce their stake by up to 0.17% [1] - Ruixin Technology: Shanghai Guoshi and its concerted actions have cumulatively reduced their stake by 2.97% [1] Other Notable Events - Tongde Chemical: Wholly-owned subsidiary Tongde Kexin has been listed as a dishonest executor [1] - Kangda New Materials: Terminated plans to acquire equity in Beiyi Semiconductor [1]

Mergers and Acquisitions - Guotai Group announced the acquisition of 100% equity in Beijing Mining Technology Engineering Co., Ltd. for a transaction price of 110 million yuan. The transaction has been approved by the company's board of directors [1] - Kanda New Materials decided to terminate the planned acquisition of at least 51% equity in Beiyi Semiconductor due to unsatisfactory progress in due diligence and audit work, leading to a lack of consensus among the parties involved [2] Earnings Disclosure - SMIC reported a net profit of 1.517 billion yuan for the third quarter of 2025, representing a year-on-year increase of 43.1%. The company achieved a total revenue of 17.162 billion yuan for the same period, up 9.9%. For the first three quarters, total revenue reached 49.51 billion yuan, an 18.2% increase, with a net profit of 3.818 billion yuan, up 41.1% [3] Shareholding Changes - Aikesaibo announced that three shareholders plan to collectively reduce their holdings by no more than 3% of the company's total shares, amounting to a maximum of 346.16 million shares [4] - Haineng Industrial disclosed that shareholder Zhou Hongjun intends to reduce his holdings by no more than 3% of the company's total shares, equating to a maximum of 9.4029 million shares [5] - Changlian Technology reported that three shareholders plan to collectively reduce their holdings by no more than 4.37%, with individual reductions not exceeding specified amounts [6] Other Matters - Jidian Co., Ltd. announced that its wholly-owned subsidiary plans to invest in the construction of a coal-fired power project with a total investment of 5.698 billion yuan, expected to take 26 months to complete [7] - Hualan Group disclosed that its actual controllers are planning matters related to a change in control, which may lead to a change in the company's control and actual controllers [8]

Core Points - Haineng Industrial announced that from October 30, 2025, to November 13, 2025, its stock closing price has been below 85% of the current conversion price of 12.50 yuan per share for 10 trading days, which is expected to trigger the downward adjustment condition for the "Haineng Convertible Bonds" conversion price [2] Group 1 - The company will follow the provisions of the prospectus to fulfill subsequent review procedures and information disclosure obligations if the conversion price adjustment condition is triggered [2]

证券日报网讯 11月13日晚间，海能实业发布公告称，持有公司1，892.16万股的股东周洪军先生（占本 公司总股本的6.04%），拟于本公告披露之日起15个交易日后的3个月内（即2025年12月5日至2026年3 月4日），通过大宗交易和集中竞价方式减持公司股份不超过940.29万股，即不超过公司总股本的3%。 （文章来源：证券日报） ...

证券日报网讯11月13日晚间，海能实业（300787）发布公告称，公司聘任周洪亮先生为公司总经理。 ...