Core Viewpoint - Changgao Electric New Technology Co., Ltd. has responded to the Shenzhen Stock Exchange's inquiry regarding its application for issuing convertible bonds, addressing key market concerns such as customer concentration, gross margin fluctuations, accounts receivable recovery, and goodwill impairment [1] Customer Concentration - The company has a high customer concentration, with sales to State Grid and its subsidiaries accounting for 86.39%, 85.33%, and 87.58% of revenue from 2022 to 2024, which aligns with industry characteristics [2] - Compared to peers, the company's customer concentration is slightly higher due to its focus on high-voltage switches and closed combination electrical equipment, while competitors diversify into distribution networks and renewable energy [2] - To mitigate risks from potential changes in State Grid's investment policies, the company has developed strategies such as expanding its product range and increasing R&D for ultra-high voltage and smart products [2] Gross Margin Trends - The gross margin for high-voltage switches, closed combination electrical equipment, and complete electrical equipment has been on the rise, with an overall gross margin of 40.84% projected for 2024, up 7.95 percentage points from 2022 [3] - Specifically, the gross margin for high-voltage switches increased from 41.00% in 2022 to 47.67% in 2024, while closed combination electrical equipment rose from 34.81% to 40.54% [3] - The increase in gross margin is attributed to product structure optimization, improved supplier management by State Grid, declining raw material prices, and economies of scale [3] Accounts Receivable Management - The company has reported accounts receivable of 80.93 million yuan and has made an 80% provision for bad debts related to the Chunhua Zhonglue project, which is pending subsidy approval [4] - The company emphasizes that the remaining unprovided bad debt will not significantly impact its performance if subsidies are not received, as the proportion of unprovided bad debt to net profit is small [4] - The provision for bad debts for accounts receivable over five years is lower than the industry average but is considered sufficient due to the quality of clients, primarily from State Grid [5] Goodwill and Subsidiary Performance - The company has not recorded any impairment on goodwill, which amounts to 65.41 million yuan, stemming from acquisitions of subsidiaries that have shown stable performance [6] - The net profit of Changgao Electric and Changgao Senyuan has significantly increased, with Changgao Electric's net profit projected at 158 million yuan for 2024, a 1.8-fold increase since 2020 [6] Financial Investments and Fund Utilization - Financial investments account for only 0.5% of the company's net assets, primarily consisting of equity in Changsha Bank and investments in Beijing Zhongneng Hulian Electric Power Investment Center [8] - The company confirms that the funds raised will be directed towards core business projects, such as the expansion and upgrading of production bases, rather than financial investments [8]

中国经济网北京12月1日讯 建邦科技(920242.BJ)11月27日晚披露2025年度向特定对象发行可转换公 司债券募集说明书(草案)，本次可转债的发行对象为持有中国证券登记结算有限责任公司北京分公司证 券账户的自然人、法人、证券投资基金、符合法律规定的其他投资者等（国家法律、法规禁止者除 外）。本次发行可转债将在取得北京证券交易所审核通过并经中国证监会同意注册后，由公司董事会 （或董事会授权的人士）在股东会授权范围内与保荐机构（主承销商）按照相关法律、行政法规、部门 规章或规范性文件的规定，采用竞价方式确定最终发行对象。若国家法律、法规对向特定对象发行可转 债的发行对象有新的规定，公司将按新的规定进行调整。所有发行对象均以人民币现金方式并按相同价 格、相同利率认购本次发行的可转债。 本次发行可转债尚未确定具体发行对象，因而无法确定发行对象与公司的关系。具体发行对象与公 司之间的关系将在本次发行结束后公告的发行情况报告书中予以披露。 本次发行的可转换公司债券每张面值100元，按面值发行。本次向特定对象发行可转换公司债券的 发行总额不超过20,000.00万元（含本数），拟发行数量不超过200.00万张（含本 ...

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、募集资金基本情况 根据中国证券监督管理委员会于2018年12月5日签发的证监许可[2018]1843号文《关于核准深圳市尚荣 医疗股份有限公司公开发行可转换公司债券的批复》深圳市尚荣医疗股份有限公司（以下简称"公 司"或"尚荣医疗"）获准社会公开发行面值总额75,000万元的可转换公司债券，期限6年。公开发行可转 换公司债券应募集资金人民币750,000,000.00元，发行价格为每张人民币100.00元，募集资金总额为人民 币750,000,000.00元。本次发行可转换公司债券募集资金总额扣除保荐承销费用不含税金额14,150,943.40 元，其他发行费用不含税金额2,502,830.20元，实际募集资金净额为人民币733,346,226.40元，上述资金 于2019年2月20日到位，业经大华会计师事务所（特殊普通合伙）验证并出具大华验字[2019]000067号 验资报告。公司对募集资金采取了专户存储，并与专户银行、保荐机构签订了募集资金专户存储三方监 管协议。 本次发行可转换公司债券募集资金总额为人 ...

Core Viewpoint - The company has decided to exercise its right to redeem the "Guocheng Convertible Bonds" early due to market conditions and internal considerations, with a redemption price set at 100.82 CNY per bond, including interest and tax [4][12][13]. Summary by Sections Redemption Details - The redemption price for "Guocheng Convertible Bonds" is 100.82 CNY per bond, which includes accrued interest at a rate of 2.00% [12][13]. - The redemption conditions are met as of November 19, 2025, and the bonds will be forcibly redeemed if not converted by December 11, 2025 [3][11]. - Key dates include: - Redemption conditions satisfaction date: November 19, 2025 [5] - Last trading day: December 9, 2025 [5] - Redemption registration date: December 11, 2025 [5] - Conversion stop date: December 12, 2025 [5] - Redemption date: December 12, 2025 [5] - Funds arrival date: December 17, 2025 [5] - Investor funds arrival date: December 19, 2025 [5]. Bond Issuance and Trading - The company issued 8,500,000 convertible bonds on July 15, 2020, with a total value of 85 million CNY [4]. - The bonds were listed on the Shenzhen Stock Exchange on August 10, 2020, under the name "Guocheng Convertible Bonds" [4]. Conversion Terms - The conversion period for the bonds is from January 21, 2021, to July 14, 2026 [7]. - The initial conversion price was set at 21.07 CNY per share, which has been adjusted multiple times, currently standing at 12.58 CNY per share as of July 9, 2024 [7][9]. Conditional Redemption Clauses - The company has the right to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 trading days within a 30-day period [10][11]. - The redemption will occur if the remaining unconverted bonds are less than 30 million CNY [10]. Other Important Information - Investors must handle conversion through the securities company that holds the bonds, with a minimum conversion unit of one bond [20]. - The company will publish redemption notices daily leading up to the redemption date [15].

证券代码：688001 证券简称：华兴源创公告编号：2025-058 转债代码：118003 证券简称：华兴转债 （一）可转债发行基本情况 苏州华兴源创科技股份有限公司 关于可转换公司债券2025年度付息的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ●可转债付息债权登记日：2025年11月28日 ●可转债除息日：2025年12月1日 ●可转债付息日：2025年12月1日 ●本次每百元兑息金额（含税）：1.5元 苏州华兴源创科技股份有限公司（以下简称"公司"或"华兴源创"）于2021年11月29日向不特定对象发行 可转换公司债券（以下简称"华兴转债"或"可转债"）。根据《苏州华兴源创科技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》"）有关条款的规定，公司将于2025 年12月1日开始支付自2024年11月29日至2025年11月28日期间的利息。现将有关事项公告如下： 一、可转债发行上市概况 经中国证券监督管理委员会证监许可[2021]3553号文同意注册，苏州 ...

Core Viewpoint - The company has decided to postpone the timeline for the completion of its fundraising projects to December 2027, based on a comprehensive assessment of its operational needs and external environment changes [1] Group 1: Project Details - The company will adjust the timeline for the "Information Technology Construction Project" and the "Chinese Herbal Medicine Slice Production Capacity Expansion Project" to be operational by December 2027 [1] - The decision to delay does not alter the content, total investment, implementation entity, or location of the fundraising projects [1] Group 2: Impact Assessment - The postponement is a prudent decision made in consideration of the company's actual operational situation and investment planning [1] - The delay is not expected to have a significant adverse impact on the implementation of the fundraising projects or the company's normal operations [1]

Core Insights - The company participated in an investor online reception event on November 20, 2025, focusing on high-quality development for listed companies [1] - The company is actively expanding its customer base and will disclose any significant collaborations, including potential partnerships with Apple, in accordance with information disclosure requirements [2] - The actual controller's pledged shares are under control, and the company is advancing its convertible bond financing plan to raise funds for specific projects [3] Financial Performance - For the first half of 2025, the company reported a net profit of 32.21 million yuan, a decrease of 26.32% year-on-year; by the third quarter, revenue reached 1.095 billion yuan, up 7.62% year-on-year, while net profit was 57.65 million yuan, down 23.72% year-on-year [4] - The decline in profit is attributed to fluctuations in raw material prices and increased business expansion costs, but the company is implementing strategies to improve profitability [4] Growth Drivers - The primary growth driver is the demand for optical micro-structure light guide components, particularly benefiting from the AIPC market's rising demand, which has led to increased shipments of laptops [5] - The company is enhancing its product technology and maintaining a leading position in the keyboard backlight segment [5] Technical Advantages - The company holds 355 patents, including 72 invention patents, which support its technological capabilities in various specialized fields [6] - Key technologies include precision laser welding and automated connector testing, all developed in-house [6] Product and Market Position - The company focuses on customized non-standard products, including light guide films and precision connectors, catering to various application fields [7] - It maintains a stable competitive position in the keyboard backlight market [7] Future Outlook - The company aims to continue expanding its customer base and business operations to deliver better performance for investors [8]

澳弘电子（605058）(605058.SH)发布公告，公司于近日收到中国证券监督管理委员会出具的《关于同 意常州澳弘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》，同意公司向不特定对象 发行可转换公司债券的注册申请。 ...

Core Viewpoint - The company has received approval from the China Securities Regulatory Commission for the issuance of convertible bonds to unspecified investors, indicating a strategic move to raise capital [1] Group 1 - The company will issue convertible bonds as per the approved registration application [1] - The approval is valid for 12 months from the date of registration [1] - The company plans to implement the issuance strictly according to the submitted documents and issuance plan to the Shanghai Stock Exchange [1]

Core Viewpoint - The company, Spring Wind Power (603129.SH), has received approval from the Shanghai Stock Exchange's listing review committee for its application to issue convertible bonds to unspecified investors, pending final approval from the China Securities Regulatory Commission (CSRC) [1] Group 1: Convertible Bond Issuance - The proposed issuance of convertible bonds is capped at RMB 217,876.32 million, with net proceeds intended for various projects including the production of 3 million sets of motorcycles and electric vehicles, marketing network construction, information system upgrades, and working capital supplementation [2][3] - The total investment for the projects is RMB 467,000.00 million, with specific allocations for each project: RMB 145,876.32 million for the motorcycle and electric vehicle production project, RMB 45,000.00 million for marketing, RMB 12,000.00 million for information upgrades, and RMB 15,000.00 million for working capital [3] Group 2: Credit Rating and Sponsorship - The credit rating agency, Zhongzheng Pengyuan, has assigned an AA+ rating to the company and the convertible bonds, with a stable outlook [3] - The sponsoring institution for this bond issuance is Huatai United Securities Co., Ltd., with representatives Yang Junhao and Wang Yi overseeing the process [3]