关于锋工转债 2026 年付息的提示性公告 | 证券代码：300488 | 证券简称：恒锋工具 | 公告编号：2026-003 | | --- | --- | --- | | 债券代码：123239 | 债券简称：锋工转债 | | 恒锋工具股份有限公司 3.付息日：2026 年 1 月 19 日（星期一）。 4.除息日：2026 年 1 月 19 日（星期一）。 5.本次付息期间及票面利率：计算期间为 2025 年 1 月 19 日至 2026 年 1 月 18 日，当期票面利率为 0.40%。 6."锋工转债"本次付息的债权登记日为 2026 年 1 月 16 日，凡在 2026 年 1 月 16 日前（含当日）买入并持有本期债券的投资者享有本次派发的利息，2026 年 1 月 16 日前（含当日）卖出本期债券的投资者不享有本次派发的利息。在本 次付息债权登记日前（包括付息债权登记日）申请转换成公司股票的可转换公司 债券，公司不再向其持有人支付本计息年度及以后计息年度利息。 7.下一付息期起息日：2026 年 1 月 19 日。 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 ...

| 证券代码：300488 | 证券简称：恒锋工具 | 公告编号：2026-002 | | --- | --- | --- | | 债券代码：123239 | 债券简称：锋工转债 | | 恒锋工具股份有限公司 关于锋工转债 2026 年付息的公告 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."锋工转债"（债券代码：123239）将于 2026 年 1 月 19 日按面值支付第 二年利息，每 10 张"锋工转债"（面值 1,000.00 元）派发利息为人民币 4.00 元（含税）。 2.债权登记日：2026 年 1 月 16 日（星期五）。 3.付息日：2026 年 1 月 19 日（星期一）。 4.除息日：2026 年 1 月 19 日（星期一）。 5.本次付息期间及票面利率：计算期间为 2025 年 1 月 19 日至 2026 年 1 月 18 日，当期票面利率为 0.40%。 6."锋工转债"本次付息的债权登记日为 2026 年 1 月 16 日，凡在 2026 年 1 月 16 日前（含当日）买入并持有本期债券的投资者享有本次派发的 ...

Core Viewpoint - The global tool market has significantly shifted, with cemented carbide tools dominating the market, while high-speed steel tools are declining in market position. The limited global reserves of tungsten, a key element in high-speed steel, pose a development crisis for the industry. Despite this, high-speed steel tools still hold a significant share in China, with the market expected to reach 10.854 billion yuan in 2024, a 2.8% year-on-year increase. High-performance categories like cobalt high-speed steel and powder metallurgy high-speed steel are experiencing rapid growth due to their superior properties [1][7]. High-Speed Steel Tool Industry Overview - High-speed steel tools are metal cutting tools made primarily from tungsten, chromium, and vanadium. They are manufactured through high-temperature quenching and multiple tempering processes, exhibiting high hardness (HRC 63-70), red hardness (performance maintained at 580-650℃), and wear resistance. These tools are widely used in the production of complex cutting tools such as drill bits, milling cutters, and taps, covering various fields including metal processing and packaging machinery [3][4]. High-Speed Steel Tool Industry Chain - The upstream of the high-speed steel tool industry includes raw materials such as tungsten, molybdenum, cobalt, aluminum, vanadium, and carbon, which are essential for manufacturing high-speed steel. The midstream involves the production of high-speed steel tools, where companies process raw materials into high-speed steel and manufacture various types of tools based on downstream demand. The downstream applications include metal cutting and packaging machinery [4][5]. Current Development Status - High-speed steel is widely used for manufacturing cutting tools that operate at high cutting speeds. In China, the industry has rapidly developed alongside the rise of manufacturing, meeting domestic and international demands for efficient and precise cutting tools. The production of high-speed steel is projected to grow from 104,000 tons in 2018 to 130,000 tons in 2024, ensuring a stable supply of high-speed steel tools [6][7]. Competitive Landscape - The high-speed steel tool industry is highly competitive, with international giants like Sandvik and Iscar dominating the high-end market due to their technological and brand advantages. Domestic companies are rising based on cost and production capacity, with key players including Tian Gong International, He Ye Technology, Hebei Shilong Tool Group, and Jiangsu Rui Zhi Feng Engineering Tool Co., Ltd. [8][9]. Industry Development Trends 1. **High-End Development**: The trend towards high-end products is becoming more pronounced, requiring companies to increase R&D investments, adopt advanced international technologies, and optimize material selection and coating processes to enhance tool durability, cutting efficiency, and processing precision [10]. 2. **Customization**: Customization is emerging as a new trend in the industry, allowing companies to meet diverse customer needs and improve processing efficiency and product quality. Companies need to establish comprehensive customer demand analysis systems to design the most suitable tool solutions [11]. 3. **Intelligent Development**: The rise of smart manufacturing necessitates the intelligent development of high-speed steel tools, enabling real-time monitoring and automatic adjustments to improve efficiency and reduce energy consumption. Companies must invest in sensor technology, data analysis, and cloud computing to build comprehensive intelligent tool systems [12].

| 证券代码：300488 | 证券简称：恒锋工具 | 公告编号：2026-001 | | --- | --- | --- | | 债券代码：123239 | 债券简称：锋工转债 | | 恒锋工具股份有限公司关于 2025 年第四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."锋工转债"（债券代码：123239）转股期为 2024 年 7 月 25 日至 2030 年 1 月 18 日；最新转股价格为 24.19 元/股。 2.2025 年第四季度，共有 2,590 张"锋工转债"完成转股（票面金额共计 259,000.00 元人民币），合计转成 10,703 股"恒锋工具"股票（股票代码： 300488）。 3.截至 2025 年第四季度末，公司剩余可转换公司债券（以下简称"可转债"） 为 4,376,062 张，剩余可转债票面总金额为 437,606,200.00 元人民币。 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，恒锋工具 ...

Core Viewpoint - The tungsten price increase has led to higher costs for hard alloy tools, prompting manufacturers to raise prices, with expectations for growth in the industry, particularly in high-end sectors due to domestic substitution opportunities [1][2]. Group 1: Industry Trends - The hard alloy tool industry is experiencing a recovery after a period of consolidation, with increased growth expectations for the coming year, especially in high-end manufacturing sectors such as AI, humanoid robots, and semiconductor equipment [1]. - The demand for tools in emerging industries is rising, driven by technological breakthroughs, which is expected to boost sales of high-value-added products [1][4]. - The precision tool industry has a high user stickiness, with tool costs representing only 1%-4% of manufacturing costs, but their quality significantly impacts processing precision and product quality [4]. Group 2: Price Adjustments and Financial Performance - Tool manufacturers, including Zhongtung High-tech, have implemented multiple price increases in 2025 to address rising raw material costs, with adjustments varying by product type based on cost structure and market conditions [2][3]. - In Q3, leading tool companies reported significant profit increases, with Huari Precision's net profit rising by 915.62% year-on-year, attributed to improved downstream demand and enhanced product performance [3]. - Other companies like Okoyi and Zhongtung High-tech also reported substantial profit growth in Q3, with net profits increasing by 69.31% and 36.53% respectively [3]. Group 3: Future Outlook - The domestic tool industry is expected to move away from previous low performance, showing signs of recovery, particularly in high-end manufacturing sectors [3]. - The demand for tungsten remains strong, with expectations for prices to stay high, allowing companies to effectively transfer costs to downstream customers through price adjustments [5]. - The trend of domestic substitution in the high-end hard alloy tool market is gaining momentum, with emerging industry demand seen as a key opportunity for domestic companies to penetrate the high-end market by 2026 [5].

Group 1 - The core viewpoint of the news is that Hengfeng Tools has shown a positive stock performance with a year-to-date increase of 14.83% and a recent rise of 2.03% in intraday trading, reflecting strong market interest and investment activity [1] - As of December 25, the stock price of Hengfeng Tools is reported at 31.19 yuan per share, with a total market capitalization of 5.4 billion yuan [1] - The company has experienced a net inflow of main funds amounting to 1.747 million yuan, with significant buying activity from large orders [1] Group 2 - Hengfeng Tools operates in the machinery equipment sector, specifically in general equipment and metal products, and is involved in various concept sectors including small-cap stocks and robotics [2] - For the period from January to September 2025, Hengfeng Tools achieved a revenue of 514 million yuan, representing a year-on-year growth of 17.49%, and a net profit attributable to shareholders of 114 million yuan, reflecting an 18.14% increase [2] - The company has distributed a total of 314 million yuan in dividends since its A-share listing, with 151 million yuan distributed over the past three years [3]

1 | 4.审计委员会是否至少每季度召开一次会议，审议内部审 | √ | | --- | --- | | 计部门提交的工作计划和报告等（如适用） | | | 5.审计委员会是否至少每季度向董事会报告一次内部审 | √ | | 计工作进度、质量及发现的重大问题等（如适用） | | | 6.内部审计部门是否至少每季度向审计委员会报告一次 | | | 内部审计工作计划的执行情况以及内部审计工作中发现 | √ | | 的问题等（如适用） | | | 7.内部审计部门是否至少每季度对募集资金的存放与使 | √ | | 用情况进行一次审计（如适用） | | | 8.内部审计部门是否在每个会计年度结束前二个月内向 | √ | | 审计委员会提交次一年度内部审计工作计划（如适用） | | | 9.内部审计部门是否在每个会计年度结束后二个月内向 | √ | | 审计委员会提交年度内部审计工作报告（如适用） | | | 10.内部审计部门是否至少每年向审计委员会提交一次内 | √ | | 部控制评价报告（如适用） | | | 11.从事风险投资、委托理财、套期保值业务等事项是否 | √ | | 建立了完备、合规的内控制度 | | ...

国联民生证券承销保荐有限公司 关于恒锋工具股份有限公司 2025 年度持续督导培训情况的报告 国联民生证券承销保荐有限公司（以下简称"保荐人"或"保荐机构"）作 为恒锋工具股份有限公司（以下简称"恒锋工具"或"公司"）的保荐机构，根 据《证券发行上市保荐业务管理办法》《深圳证券交易所上市公司自律监管指引 第 13 号—保荐业务》等法律法规的要求，指定保荐代表人及持续督导项目组人 员于 2025 年 12 月 5 日对恒锋工具控股股东、实际控制人、董事、高级管理人员、 证券事务代表等相关人员进行了培训，现将相关情况报告如下： 一、培训基本情况 1、培训时间：2025 年 12 月 5 日 3、参加培训人员：恒锋工具控股股东、实际控制人、董事、高级管理人员、 证券事务代表 4、培训主题：上市公司资金占用：案例剖析与规范之道 二、培训主要内容 本次培训通过案例与法规相结合的方式，详细阐述了上市公司资金占用相关 的案例剖析与规范等，对证监会、交易所的系列法规进行解读，通过解析违规案 例，强化上市公司控股股东、实际控制人、董事、高级管理人员等相关人员对法 规的理解，促进上市公司进一步提高规范运作。 三、本次培训的效果 ...

Core Viewpoint - The company is actively expanding its international presence by establishing wholly-owned subsidiaries in the United States and Austria to enhance its export business and implement its internationalization strategy [1] Group 1 - The company places a high emphasis on its export business [1] - The establishment of subsidiaries in the U.S. and Austria aims to expand operations in the North American and European markets [1] - Participation in international trade shows in Germany, Japan, and Thailand is intended to enhance the company's brand recognition globally [1] Group 2 - The company currently has business operations in Europe, Southeast Asia, and North America [1]

Group 1 - The A-share market saw a collective rise in the three major indices on December 1, with the Shanghai Composite Index increasing by 0.25% during the session. Key sectors that performed well included precious metals, energy equipment, and communication devices, while engineering machinery and power generation equipment faced declines [1] - The machine tool sector showed strength, with the Machine Tool ETF (159663) rising by 0.50% as of 10:34 AM. Notable individual stock performances included Shandong Weida up by 6.78%, Hengfeng Tools up by 4.64%, and Genesis up by 3.10% [1] Group 2 - Bain & Company released a report on November 26 predicting that global humanoid robot annual sales could reach 6 million units by 2035, with a market size exceeding $120 billion. In an optimistic scenario, sales could surpass 10 million units, leading to a market size of $260 billion [3] - Guohai Securities indicated that the wave of electrification and intelligence is leading to the emergence and iteration of humanoid robot products, which is expected to open up a market space broader than that of automobiles. The humanoid robot industry chain is poised for significant investment opportunities as it transitions from "0 to 1" [3] - The Machine Tool ETF (159663) closely tracks the China Securities Machine Tool Index, which encompasses a critical segment of China's manufacturing industry—high-end equipment manufacturing. This includes sectors such as laser equipment, machine tools, robots, and industrial control equipment, representing a core area for innovation-driven and industrial upgrade practices [3]