Group 1 - The stock price of Congsheng Co., Ltd. closed at 21.69 yuan on July 31, 2025, down by 0.48 yuan, representing a decline of 2.17% from the previous trading day [1] - The trading volume on that day was 23,021 lots, with a total transaction amount of 0.51 billion yuan [1] - Congsheng Co., Ltd. primarily engages in the research, development, production, and sales of LED driver power supplies, with applications in plant lighting and smart cities [1] Group 2 - The company is classified within the power grid equipment industry and is registered in Guangdong Province [1] - An announcement was made on July 31, indicating that from June 26 to July 31, 2025, the company's stock had closed below 90% of the current conversion price for 10 trading days, which may trigger a downward adjustment of the "Congsheng Convertible Bonds" conversion price [1] - If the conditions are triggered, the company will fulfill relevant review procedures and information disclosure obligations [1]

Core Points - The company issued convertible bonds totaling RMB 294.35 million, with an initial conversion price of RMB 24.95 per share, which has been adjusted to RMB 24.35 due to annual equity distributions [1][2] Group 1: Convertible Bond Details - The convertible bonds were approved by the China Securities Regulatory Commission and are set to be listed on the Shenzhen Stock Exchange [1] - The conversion period for the bonds is from April 10, 2023, to September 26, 2028 [2] - The conversion price has been adjusted twice due to annual equity distributions, first to RMB 24.45 on May 30, 2023, and then to RMB 24.35 on June 19, 2024 [2] Group 2: Price Adjustment Mechanism - The company has a mechanism for downward adjustment of the conversion price if the stock price falls below 90% of the current conversion price for at least 15 out of 30 consecutive trading days [3] - Any proposed adjustment must be approved by at least two-thirds of the voting rights at a shareholders' meeting, excluding bondholders from voting [3] Group 3: Potential Trigger for Price Adjustment - There is a potential trigger for a downward adjustment of the conversion price, as the stock price has been below RMB 21.915 (90% of the current conversion price) for at least 10 trading days within a 30-day period [5] - The company is required to hold a board meeting to decide on the adjustment and disclose the decision the next trading day [5] Group 4: Additional Information - Investors can refer to the company's prospectus for detailed terms regarding the convertible bonds, which was disclosed on September 23, 2022 [5]

Core Viewpoint - The company, 崧盛股份, announced that the conditions for the adjustment of the conversion price of its convertible bonds may be triggered if its stock price remains below 90% of the current conversion price for a specified period [2] Summary by Relevant Sections - **Trigger Conditions**: The period for triggering the conversion price adjustment starts from June 26, 2025, and lasts until July 31, 2025. During this time, if the closing price of the company's stock is below 90% of the current conversion price for 10 trading days, it may trigger the adjustment [2] - **Future Actions**: If the conditions are met, the company will follow the procedures outlined in the prospectus for the convertible bonds and fulfill its obligations for subsequent review and information disclosure [2]

深圳市崧盛电子股份有限公司 | 证券代码：301002 | 证券简称：崧盛股份 | 公告编号：2025-039 | | --- | --- | --- | | 债券代码：123159 | 债券简称：崧盛转债 | | 关于崧盛转债预计触发转股价格向下修正条件的提示性公告 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： 5、本次触发转股价格修正条件的期间从 2025 年 6 月 26 日起算，自 2025 年 6 月 26 日至 2025 年 7 月 31 日，公司股票已有 10 个交易日的收盘价低于当期转 股价格的 90%，如后续公司股票收盘价格继续低于当期转股价格的 90%，预计将 可能触发"崧盛转债"转股价格向下修正条件。若触发条件，公司将按照《深圳 市崧盛电子股份有限公司向不特定对象发行可转换公司债券募集说明书》（以下 简称"《募集说明书》"）的约定及时履行后续审议程序和信息披露义务。 一、可转换公司债券基本情况 1、发行上市情况 经中国证券监督管理委员会《关于同意深圳市崧盛电子股份有限公司向不特 定对象发行可转换公司债券注册的批复》（证监许可 ...

Group 1: Company Overview and Financial Performance - The company achieved a relatively good growth in total operating revenue in 2024, but the gross margin of LED driver power supply decreased due to intensified industry competition and a significant drop in sales prices [2][4] - In 2024, the overall capacity utilization rate was approximately 66%, with an expected increase to around 70% in 2025 [5] Group 2: Future Growth Points - The company has nearly 15 years of technology accumulation and manufacturing experience in the LED driver power supply sector, which allows for customized high-quality products [2][3] - The global penetration rate of LED lighting is about 76%, with opportunities for replacing high-energy-consuming lamps and emerging applications in the market [2][3] Group 3: Market Impact and Challenges - The direct export tariff for LED driver power supply products to the U.S. is approximately 58%, with direct sales to the U.S. accounting for about 1% of total revenue in 2024 [4] - In 2024, the direct export amount of LED driver power supply was 140 million CNY, representing 16% of total operating revenue [4] Group 4: Emerging Markets and Product Lines - The global LED plant lighting market is projected to reach 1.315 billion USD in 2024, with a year-on-year growth of 6.6% [6] - The company aims to increase the revenue share of plant lighting LED driver power supplies in 2025, currently accounting for about 11% of total revenue [6] Group 5: Storage and Robotics Development - The storage subsidiary is focusing on core components for commercial storage systems and has seen good operational performance, with plans for more contributions in 2025 [7][8] - The company has established a robotics transmission technology company, investing 5.5 million CNY for a 55% stake, and is developing high-performance harmonic reducers and intelligent joints [8]

Group 1 - The core viewpoint of the news is that Chuangfu Zhaoye, a well-known private equity firm, has conducted research on a listed company, Songsheng Co., which specializes in LED driver power supplies and energy storage systems [1] - Songsheng Co. has 15 years of technical experience in the LED driver power supply sector and has obtained safety certifications in multiple countries, indicating strong market competitiveness [1] - The company's energy storage subsidiary is positioned as a technology-driven enterprise with a high proportion of R&D personnel and flexible product design [1] Group 2 - The production capacity utilization rate of Songsheng Co.'s energy storage inverters is high, and core components of household energy storage systems are being shipped [1] - The company is managing "Songsheng Convertible Bonds," with a remaining bond balance of approximately 294 million yuan [1] - The direct export tariff for LED driver power supply products to the U.S. is about 58%, with direct export sales expected to reach 140 million yuan in 2024, accounting for 16% of total revenue, of which the U.S. market represents about 1% [1]

Group 1: Company Overview and Competitiveness - The company has nearly 15 years of experience in LED driver power supply technology and manufacturing, holding multiple LED driver, dimming, and lighting control technologies [2] - The maximum power of plant lighting LED driver power supply can reach 1500W, with a wide voltage input range of 180-528Vac and a conversion efficiency of up to 97% [2] - The company’s products have obtained global safety certifications and are compatible with global power grid applications [2] Group 2: Storage Inverter Positioning and Competitiveness - The company positions its storage subsidiary as a technology-driven enterprise, with over 60% of its employees in R&D roles as of the end of 2024 [3] - 15% of the R&D personnel hold master's degrees, and approximately 40% have over 5 years of experience in the energy storage industry [3] - The storage subsidiary focuses on core components for commercial energy storage systems and household energy storage systems, emphasizing flexibility in product design and strong market competitiveness [3] Group 3: Production Capacity and Financial Considerations - The storage subsidiary is performing well, with high capacity utilization for the photovoltaic + energy storage hybrid inverter [3] - The current balance of the "Sonseng Convertible Bond" is approximately 294 million yuan, with ongoing management based on stock price trends and operational conditions [3] - The direct export tariff for LED driver power supply products to the U.S. is approximately 58%, with expected direct sales to the U.S. in 2024 amounting to 140 million yuan, representing 16% of total revenue [3]

| 证券代码：301002 | 证券简称：崧盛股份 | 公告编号：2025-038 | | --- | --- | --- | | 债券代码：123159 | 债券简称：崧盛转债 | | 深圳市崧盛电子股份有限公司 关于向控股子公司提供担保的进展公告 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、担保情况概述 深圳市崧盛电子股份有限公司（以下简称"公司"）于 2025 年 4 月 23 日召 开第三届董事会第十九次会议及第三届监事会第十四次会议、2025 年 5 月 19 日 召开 2024 年年度股东大会，审议通过了《关于 2025 年度拟向银行申请综合授信 额度及对子公司提供担保额度预计的议案》，同意公司对控股子公司深圳崧盛创 新技术有限公司（以下简称"崧盛创新"）向银行申请的综合授信业务提供不超 过人民币 10,000 万元（含本数）的担保额度，并接受崧盛创新其他股东暨公司关 联方——田年斌、王宗友及由田年斌担任执行事务合伙人的有限合伙企业按其对 崧盛创新的持股比例向公司提供的同等比例反担保。上述额度有效期为自 2024 年年度股东大会审议通过之日 ...

Group 1: Company Overview - Shenzhen Songsheng Electronics Co., Ltd. has been focused on LED driver power supply for nearly 15 years, establishing itself as a leading manufacturer in China with significant scale and digital operation capabilities [2][5]. - The company has a strong domestic market presence, with 2024 revenue from domestic LED lighting driver power supply reaching CNY 740 million, accounting for 83.79% of total revenue [3]. Group 2: Financial Performance - In 2024, the company experienced a decline in gross margin for LED driver power supplies due to intensified industry competition, with the sales price dropping more than the reduction in unit product costs [2]. - Direct export revenue increased by 47.81% year-on-year in 2024, with new markets opened in South America and the Middle East [3]. Group 3: Market Position - The company holds a leading position in the domestic LED driver power supply market, while its global market share is relatively low at 1.31% as of 2022, according to QYResearch [4]. Group 4: Product and Resource Development - The company has established a joint venture with Chongqing Jingang Transmission Technology Co., Ltd., investing CNY 5.5 million for a 55% stake to develop high-performance components for robotics and aerospace [5]. - Key materials for LED driver power supplies include transformers, MOSFETs, control ICs, and inductors, with a robust supply chain that is not significantly affected by U.S. semiconductor export controls [7]. Group 5: Revenue Breakdown and Capacity Utilization - In 2024, outdoor lighting LED driver power supply accounted for approximately 46% of total revenue, while commercial lighting contributed about 43% and plant lighting combined with sports lighting made up around 11% [7]. - The overall capacity utilization rate for the company in 2024 was approximately 66%, with expectations to reach around 70% in the current year [7].

| 证券代码：301002 | 证券简称：崧盛股份 | 公告编号：2025-037 | | --- | --- | --- | | 债券代码：123159 | 债券简称：崧盛转债 | | 3、截至 2025 年 6 月 30 日，公司剩余可转换公司债券张数为 2,943,365 张， 剩余可转换公司债券票面总额为人民币 294,336,500.00 元。 根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自 律监管指引第 15 号——可转换公司债券》的有关规定，深圳市崧盛电子股份有限 公司（以下简称"崧盛股份"或"公司"）现将 2025 年第二季度可转换公司债券 （以下简称"可转债"）转股及公司股份变动情况公告如下： 深圳市崧盛电子股份有限公司 关于 2025 年第二季度可转换公司债券转股情况的公告 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、"崧盛转债"（债券代码：123159）转股期限为 2023 年 4 月 10 日至 2028 年 9 月 26 日；最新的转股价格为人民币 24.35 元/股。 2、2025 年第二季度 ...