宁波星源卓镁技术股份有限公司 可转换公司债券上市公告书 股票简称：星源卓镁 股票代码：301398 公告编号：2025-056 宁波星源卓镁技术股份有限公司 （浙江省宁波市北仑区大碶璎珞河路139号1幢1号、2幢1号） 向不特定对象发行可转换公司债券 上市公告书 保荐人（主承销商） （深圳市福田区福田街道福华一路 119 号安信金融大厦） 二〇二五年十一月 1 宁波星源卓镁技术股份有限公司 可转换公司债券上市公告书 第一节 重要声明与提示 宁波星源卓镁技术股份有限公司（以下简称"星源卓镁"、"发行人"、"公司" 或"本公司"）全体董事、监事和高级管理人员保证上市公告书的真实性、准确 性、完整性，承诺上市公告书不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国 证券法》（以下简称"《证券法》"）等有关法律、法规的规定，本公司董事、高级 管理人员已依法履行诚信和勤勉尽责的义务和责任。 中国证券监督管理委员会（以下简称"中国证监会"）、深圳证券交易所（以 下简称"深交所"）、其他政府机关对本公司可转换公司债券上市及有关事项的 ...

Core Viewpoint - Xingyuan Zhuomei responded to investor inquiries on November 13, indicating that specific operational information can be found in the company's disclosed periodic reports [2] Group 1 - The company is actively engaging with investors through platforms to provide updates [2] - The company emphasizes the importance of its periodic reports for detailed operational insights [2]

Group 1 - The stock price of Xingyuan Zhuomai (301398) closed at 56.77 yuan on November 12, 2025, with an increase of 1.74% and a turnover rate of 20.4% [1] - The trading volume was 68,300 shares, with a total transaction amount of 382 million yuan [1] - On November 12, the net inflow of main funds was 27.801 million yuan, indicating a high level of interest from institutional investors [2] Group 2 - Xingyuan Zhuomai has received approval from the China Securities Regulatory Commission for the issuance of convertible bonds totaling 450 million yuan [1] - The bonds will be issued at a face value of 100 yuan each, totaling 4.5 million bonds, with the bond code "123260" [1] - Original A-share shareholders have a priority subscription that accounts for 91% of the total issuance, reflecting high subscription enthusiasm [2]

Core Viewpoint - The company, Xingyuan Zhuomei (301398), is committed to continuously monitoring industry developments and actively engaging in technological exploration and market expansion [1] Group 1 - The company is focused on industry development dynamics [1] - The company emphasizes the importance of technological exploration [1] - The company is actively pursuing market expansion opportunities [1]

证券代码：301398 证券简称：星源卓镁 公告编号：2025-055 宁波星源卓镁技术股份有限公司 向不特定对象发行可转换公司债券发行结果公告 本次发行人民币 4.50 亿元可转债，每张面值为人民币 100 元，共计 450 万张， 按面值发行。本次发行的可转换公司债券简称为"卓镁转债"，债券代码为 "123260"。本次发行的可转债向发行人在股权登记日（2025 年 11 月 6 日，T-1 日）收市后登记在册的原 A 股股东优先配售，原股东优先配售后余额部分（含 原股东放弃优先配售部分）采用网上向社会公众投资者通过深圳证券交易所交易 系统发售的方式进行。 保荐人（主承销商）：国投证券股份有限公司 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。 宁波星源卓镁技术股份有限公司（以下简称"星源卓镁"、"公司"或"发行人"） 向不特定对象发行可转换公司债券（以下简称"可转债"）已获得中国证券监督管 理委员会证监许可〔2025〕2265 号文同意注册。 一、原股东优先配售结果 原股东优先配售的卓镁转债总计为 409,484,800.00 元，即 4,094,848 ...

Group 1 - The automotive parts industry is experiencing new development opportunities due to the accelerated electrification and intelligent transformation of downstream automakers [1][2] - Companies are increasingly becoming strategic partners with automakers, indicating a shift towards "deep collaboration" in the automotive industry [1] - The collaboration is expected to enhance the high-end development of the automotive industry and improve resource optimization and international competitiveness [1] Group 2 - Zhejiang Tiancheng's subsidiary received a notification to supply a total of 480,000 passenger car seat assemblies, with production expected to start in March 2026 and a project lifecycle of five years [1] - Huada Automotive Technology announced it has secured 23 project designations, with a total sales amount expected to reach 2.9 billion yuan [1] - Several companies, including Shenzhen Haon Automotive Electronics and Ningbo Junsen Electronics, have also announced project designations since October [2] Group 3 - New energy-related products are dominating the project designations, with Star Source Magnesium expected to generate approximately 2.021 billion yuan in sales over four years for a new energy vehicle component [2] - Junsen Electronics' subsidiary will develop a range of intelligent electric vehicle products for global customers [2] - Zhejiang Jingu received a project designation from a leading German automaker to develop low-carbon wheels for its European new energy models [3] Group 4 - The automotive parts industry is shifting its value focus from traditional mechanical components to "incremental components" such as batteries, electric drives, and intelligent cockpits [3] - Companies are encouraged to emphasize technological innovation and develop system-level solution capabilities to remain competitive in the future [3]

Group 1 - The core point of the article is that Xingyuan Zhuomai announced the issuance of convertible bonds totaling 450 million yuan, with a price of 100 yuan per bond [2] - The preferential subscription date for existing shareholders and the public subscription date for the bonds is set for November 7, 2025 [2] - The total amount of convertible bonds subscribed by existing shareholders is approximately 409.48 million yuan, accounting for 91% of the total issuance [2] - The amount of convertible bonds issued to the public is approximately 40.52 million yuan, representing 9% of the total issuance, with a public subscription success rate of 0.0004633794% [2]

证券代码：301398 证券简称：星源卓镁 公告编号：2025-054 宁波星源卓镁技术股份有限公司 向不特定对象发行可转换公司债券中签号码公告 保荐人（主承销商）：国投证券股份有限公司 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。 本次发行的可转债向发行人在股权登记日（2025 年 11 月 6 日，T-1 日）收 市后中国证券登记结算有限责任公司深圳分公司登记在册的原 A 股股东优先配 售，原股东优先配售后余额部分（含原股东放弃优先配售部分）通过深圳证券 交易所（以下简称"深交所"）交易系统网上向社会公众投资者发行。参与网上 申购的投资者请认真阅读本公告及深交所网站公布的相关规定。 本次发行在发行流程、申购、缴款和投资者弃购处理等环节的重要提示如 下： 1、 网上投资者申购可转债中签后，应根据《宁波星源卓镁技术股份有限公 司向不特定对象发行可转换公司债券中签号码公告》（以下简称"《中签号码 公告》"）履行资金交收义务，确保其资金账户在 2025 年 11 月 11 日（T+2 日） 1 日终有足额的认购资金，投资者款项划付需遵守投资者所在证券公司的相关规 ...

Summary of the Conference Call for Xingyuan Zhuomei Industry Overview - The magnesium alloy industry is experiencing a rapid growth phase, with significant advantages over aluminum alloys due to lower weight and cost efficiency as magnesium prices decline [3][4] - The current market for new energy vehicles (NEVs) is substantial, with a minimum market space of 30 billion yuan, and when including robotics and low-altitude aircraft, the total market potential exceeds 100 billion yuan [2][7] Company Insights - Xingyuan Zhuomei's magnesium alloy business is set to enter mass production in 2025, with initial annual production expected to reach 50,000 units, increasing to 200,000 units by 2026 as major clients like SAIC and Zeekr transition to magnesium alloy solutions [2][4] - Revenue projections indicate a growth from approximately 70-80 million yuan in 2025 to 500-600 million yuan in 2026, and further doubling to 1-1.1 billion yuan in 2027 [2][6] - The company holds a significant order worth around 2 billion yuan, expected to start mass production in Q3 2026, contributing approximately 500 million yuan in annual revenue, corresponding to 630,000 platform models [2][6] Market Position and Strategy - Xingyuan Zhuomei aims to capture a 10% market share in the 30 billion yuan market, targeting 3 billion yuan in net profit, with a short-term market capitalization goal of 10 billion yuan [5][8] - The company has secured 6 out of 7 major orders in the magnesium alloy market, indicating a strong competitive position [2][7] - Plans to raise funds through convertible bonds to expand production capacity and establish a production base in Thailand to support global expansion [2][8] Future Development and Client Engagement - The company is actively engaging with other automotive manufacturers such as BYD and Huawei Seres to test and expand its customer base, which is expected to drive future revenue growth [5][6] - By 2027, the number of electric drive housings produced from existing orders is projected to reach 1.5 million units [6]

Macro Strategy - The report indicates that China's October exports fell by 1.1% year-on-year, marking the first negative growth since March of this year, with a significant decline in exports to the US at -25.2% [5][6] - Exports to ASEAN showed resilience with a growth rate of 11.0%, while exports to the EU dropped to 0.9% [5] - Labor-intensive products saw substantial negative growth, with clothing, bags, and footwear down by 16.0%, 25.7%, and 21.0% respectively [5] - High-tech manufacturing exports remained strong, with mobile phone exports declining significantly to -16.6%, while integrated circuits, automobiles, and ships maintained positive growth rates of 26.9%, 34.0%, and 68.4% respectively [5] Industry Analysis - The report highlights that Xingyuan Zhuomei (301398) has received a project notification from a domestic electric vehicle manufacturer to develop magnesium alloy powertrain shell components, with expected sales of approximately 20.21 billion RMB over the next four years [11][12] - The company is projected to achieve net profits of 0.78 billion, 1.54 billion, and 2.30 billion RMB for the years 2025 to 2027, with current market valuations corresponding to PE ratios of 80, 41, and 27 respectively [11][12] - The report emphasizes that the company has a robust order backlog and anticipates that capacity release will continue to provide incremental growth [11][12] - The company plans to raise up to 450 million RMB through convertible bonds to invest in a project for producing 3 million sets of high-strength magnesium alloy precision components annually, with a total investment of 700 million RMB [12]