以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 证券之星消息，12月12日特钢板块较上一交易日上涨0.78%，常宝股份领涨。当日上证指数报收于 3889.35，上涨0.41%。深证成指报收于13258.33，上涨0.84%。特钢板块个股涨跌见下表： 从资金流向上来看，当日特钢板块主力资金净流入2.65亿元，游资资金净流出1.33亿元，散户资金净流 出1.31亿元。特钢板块个股资金流向见下表： ...

从资金流向上来看，当日特钢板块主力资金净流入5311.24万元，游资资金净流入5928.62万元，散户资 金净流出1.12亿元。特钢板块个股资金流向见下表： 证券之星消息，12月11日特钢板块较上一交易日下跌0.55%，沙钢股份领跌。当日上证指数报收于 3873.32，下跌0.7%。深证成指报收于13147.39，下跌1.27%。特钢板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 ...

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日特钢板块主力资金净流出3787.01万元，游资资金净流入1041.54万元，散户资 金净流入2745.48万元。特钢板块个股资金流向见下表： 证券之星消息，12月10日特钢板块较上一交易日上涨1.31%，常宝股份领涨。当日上证指数报收于 3900.5，下跌0.23%。深证成指报收于13316.42，上涨0.29%。特钢板块个股涨跌见下表： ...

证券日报网讯 12月9日，抚顺特钢在互动平台回答投资者提问时表示，根据信息披露的公平性原则，公 司在定期报中披露截至报告期末的股东人数。 （文章来源：证券日报） ...

| 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002075 沙钢股份 | | 851.96万 | 6.06% | -141.31万 | -1.01% | -710.65万 | -5.06% | | 300881 | 盛德整泰 | -78.88万 | -2.13% | -73.89万 | -2.00% | 152.77万 | 4.13% | | 603995 | 角金股份 | -222.75万 | -2.74% | 414.11万 | 5.10% | -191.37万 | -2.36% | | 600399 抚顺特钢 | | -543.62万 | -4.33% | -124.85万 | -0.99% | 668.47万 | 5.32% | | 301160 | 翔楼新材 | -749.46万 | -5.64% | -359.57万 | -2.71% | 1109.03万 | 8.35% | | 002318 久立特材 ...

| 交易日 | 融资净买入(元) | 融资余额(元) | 占流通市值比 | | --- | --- | --- | --- | | 2025-12-08 | 126.69万 | 5.08亿 | 4.90% | | 2025-12-05 | 337.95万 | 5.06亿 | 4.88% | | 2025-12-04 | 647.51万 | 5.03亿 | 4.91% | | 2025-12-03 | -262.97万 | 4.97亿 | 4.79% | | 2025-12-02 | 258.58万 | 4.99亿 | 4.76% | 融券方面，当日融券卖出700.0股，融券偿还1300.0股，融券净买入600.0股，融券余量24.96万股。 | 交易日 | (品) 用動使法識 | - | 融券会重(股) | 融券余额(元) | | --- | --- | --- | --- | --- | | 2025-12-08 | | -600.0 | 24.96万 | 131.04万 | | 2025-12-05 | | -1300.0 | 25.02万 | 131.61万 | | 2025-12-04 | | -7. ...

Core Viewpoint - The special steel sector experienced a decline of 0.74% on December 8, with CITIC Special Steel leading the drop. In contrast, the Shanghai Composite Index rose by 0.54% and the Shenzhen Component Index increased by 1.39% [1]. Group 1: Market Performance - The closing price of CITIC Special Steel was 15.54, reflecting a decrease of 2.57% with a trading volume of 216,400 shares [2]. - The special steel sector's main stocks showed mixed performance, with Taiyuan Iron & Steel rising by 4.35% to a closing price of 4.56, while other stocks like Fushun Special Steel and Xining Special Steel saw declines of 0.19% and 1.02%, respectively [1][2]. - The total trading volume for the special steel sector was significant, with Taiyuan Iron & Steel achieving a transaction value of 639 million yuan [1]. Group 2: Capital Flow - The special steel sector saw a net outflow of 2.3786 million yuan from main funds, while retail investors experienced a net outflow of 5.83398 million yuan [2]. - Notably, the sector attracted a net inflow of 60.7185 million yuan from speculative funds, indicating a divergence in investor behavior [2]. - Specific stocks like Taiyuan Iron & Steel and Changbao Co. had notable net inflows from main funds, with 54.9752 million yuan and 17.5268 million yuan, respectively [3].

Market Overview - The special steel sector increased by 0.23% on December 2, with Taiyuan Iron & Steel Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3897.71, down 0.42%, while the Shenzhen Component Index closed at 13056.7, down 0.68% [1] Stock Performance - Taiyuan Iron & Steel Co., Ltd. (code: 000825) saw a closing price of 4.40, with a rise of 7.06% and a trading volume of 1.5097 million shares, amounting to a transaction value of 648 million yuan [1] - Other notable stocks include: - Xianglou New Materials (code: 301160) closed at 62.00, up 0.62% [1] - Jinzhu Pipeline (code: 002443) closed at 8.26, up 0.36% [1] - Xining Special Steel (code: 600117) closed at 2.91, up 0.34% [1] - Changbao Co., Ltd. (code: 002478) closed at 7.57, down 0.39% [1] Capital Flow - The special steel sector experienced a net outflow of 9.4551 million yuan from institutional investors and 20.0152 million yuan from speculative funds, while retail investors saw a net inflow of 29.4703 million yuan [2] - The capital flow for specific stocks includes: - Taiyuan Iron & Steel Co., Ltd. had a net outflow of 34.7922 million yuan from institutional investors [3] - Xianglou New Materials had a net inflow of 15.5079 million yuan from institutional investors [3] - Changbao Co., Ltd. had a net inflow of 8.0780 million yuan from institutional investors [3]

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report The report presents the top ten convertible bonds for December 2025, analyzing each bond's issuer, including its financial performance, business scope, and key attractions [1][3][4]. 3. Summary by Company 3.1 Zhongte Convertible Bond - **Company Profile**: A globally leading specialized special steel material manufacturing enterprise with a production capacity of about 20 million tons of special steel materials per year [11]. - **Financial Performance**: In 2024, its operating income was 109.203 billion yuan (YoY -4.22%), and the net profit attributable to the parent was 5.126 billion yuan (YoY -10.41%). In the first three quarters of 2025, the operating income was 81.206 billion yuan (YoY -2.75%), and the net profit attributable to the parent was 4.33 billion yuan (YoY +12.88%) [11]. - **Company Highlights**: It is one of the world's most comprehensive special steel enterprises in terms of variety and specifications, with leading market shares in core products such as bearing steel and automotive steel. It has a complete industrial chain and strong cost - control capabilities, and is actively seeking external expansion [12]. 3.2 Shanlu Convertible Bond - **Company Profile**: Mainly engaged in road and bridge engineering construction and maintenance, and actively expanding into other fields. It has a complete business and management system [29]. - **Financial Performance**: In 2024, its operating income was 71.348 billion yuan (YoY -2.3%), and the net profit attributable to the parent was 2.322 billion yuan (YoY +1.47%). In the first three quarters of 2025, the operating income was 41.354 billion yuan (YoY -3.11%), and the net profit attributable to the parent was 1.41 billion yuan (YoY -3.27%) [29]. - **Company Highlights**: Controlled by the Shandong Provincial State - owned Assets Supervision and Administration Commission, it has the concept of "China Special Valuation". It is expected to benefit from infrastructure construction in Shandong and the "Belt and Road" initiative [30]. 3.3 Hebang Convertible Bond - **Company Profile**: With advantages in salt mines, phosphate mines, and natural gas supply, it has completed the basic layout in the chemical, agricultural, and photovoltaic fields [44]. - **Financial Performance**: In 2024, its operating income was 8.547 billion yuan (YoY -3.13%), and the net profit attributable to the parent was 31 million yuan (YoY -97.55%). In the first three quarters of 2025, the operating income was 5.927 billion yuan (YoY -13.02%), and the net profit attributable to the parent was 93 million yuan (YoY -57.93%) [44]. - **Company Highlights**: Its phosphate mines and salt mines contribute stable profits, and the liquid methionine business has high - margin performance [45]. 3.4 Huayuan Convertible Bond - **Company Profile**: Focused on building a complete vitamin D3 upstream - downstream industrial chain, with products including cholesterol, vitamin D3, and chemical preparations [57]. - **Financial Performance**: In 2024, its operating income was 1.243 billion yuan (YoY +13.58%), and the net profit attributable to the parent was 309 million yuan (YoY +60.76%). In the first three quarters of 2025, the operating income was 936 million yuan (YoY -0.2%), and the net profit attributable to the parent was 234 million yuan (YoY -3.07%) [57]. - **Company Highlights**: It is a leader in NF - grade cholesterol and 25 - hydroxyvitamin D3 products. It is expanding its product matrix and has a layout in the pharmaceutical manufacturing field [58]. 3.5 Xingye Convertible Bond - **Company Profile**: One of the first joint - stock commercial banks approved by the State Council and the People's Bank of China, evolving into a modern financial service group [71]. - **Financial Performance**: In 2024, its operating income was 212.226 billion yuan (YoY +0.66%), and the net profit attributable to the parent was 77.205 billion yuan (YoY +0.12%). In the first three quarters of 2025, the operating income was 161.234 billion yuan (YoY -1.82%), and the net profit attributable to the parent was 63.083 billion yuan (YoY +0.12%) [71]. - **Company Highlights**: It has stable asset quality and scale growth, with a large number of corporate and retail customers [72]. 3.6 Huanxu Convertible Bond - **Company Profile**: A global leader in electronic manufacturing design, providing value - added services to brand customers [81]. - **Financial Performance**: In 2024, its operating income was 60.691 billion yuan (YoY -0.17%), and the net profit attributable to the parent was 1.652 billion yuan (YoY -15.16%). In the first three quarters of 2025, the operating income was 43.641 billion yuan (YoY -0.83%), and the net profit attributable to the parent was 1.263 billion yuan (YoY -2.6%) [81]. - **Company Highlights**: It is a leading manufacturer of smart wearable SiP modules, with advanced packaging technologies and a global production layout [82]. 3.7 Chongyin Convertible Bond - **Company Profile**: The earliest local joint - stock commercial bank in the upper reaches of the Yangtze River and Southwest China, listed on the Hong Kong Stock Exchange and selected for the "Leading Bank" program [94]. - **Financial Performance**: In 2024, its operating income was 13.679 billion yuan (YoY +3.54%), and the net profit attributable to the parent was 5.117 billion yuan (YoY +3.8%). In the first three quarters of 2025, the operating income was 11.74 billion yuan (YoY +10.4%), and the net profit attributable to the parent was 4.879 billion yuan (YoY +10.19%) [94]. - **Company Highlights**: Benefiting from the Chengdu - Chongqing economic circle strategy, it has stable asset - scale growth and a reasonable credit strategy [96]. 3.8 Tianye Convertible Bond - **Company Profile**: The first industrial enterprise of the Xinjiang Production and Construction Corps and a leading enterprise in the chlor - alkali chemical industry, with an integrated circular economy industrial chain [103]. - **Financial Performance**: In 2024, its operating income was 11.156 billion yuan (YoY -2.7%), and the net profit attributable to the parent was 68 million yuan (YoY +108.83%). In the first three quarters of 2025, the operating income was 7.97 billion yuan (YoY +2.2%), and the net profit attributable to the parent was 7 million yuan (YoY -28.79%) [103]. - **Company Highlights**: The cost of caustic soda production is relatively fixed, and it plans to increase the dividend frequency and has coal - mine projects in progress [106]. 3.9 Aorui Convertible Bond - **Company Profile**: A company focusing on the R & D, production, and sales of complex APIs and preparations, leading in several technical fields [119]. - **Financial Performance**: In 2024, its operating income was 1.476 billion yuan (YoY +16.89%), and the net profit attributable to the parent was 355 million yuan (YoY +22.59%). In the first three quarters of 2025, the operating income was 1.237 billion yuan (YoY +13.67%), and the net profit attributable to the parent was 354 million yuan (YoY +24.58%) [119]. - **Company Highlights**: It has an optimized distributor network, expanding preparation products, and high - quality customer resources [120]. 3.10 Yushui Convertible Bond - **Company Profile**: The largest water supply and drainage integrated enterprise in Chongqing, with a stable monopoly position in the local market [133]. - **Financial Performance**: In 2024, its operating income was 6.999 billion yuan (YoY -3.52%), and the net profit attributable to the parent was 785 million yuan (YoY -27.88%). In the first three quarters of 2025, the operating income was 5.568 billion yuan (YoY +7.21%), and the net profit attributable to the parent was 779 million yuan (YoY +7.1%) [133]. - **Company Highlights**: It has a high market share in Chongqing, is expanding externally, and has effective cost - control measures [134].

Market Performance - The special steel sector increased by 2.33% on December 1, with CITIC Special Steel leading the gains [1] - The Shanghai Composite Index closed at 3914.01, up 0.65%, while the Shenzhen Component Index closed at 13146.72, up 1.25% [1] Stock Performance - CITIC Special Steel (000708) closed at 15.90, up 4.95% with a trading volume of 267,100 shares and a transaction value of 422 million [1] - Other notable performers include: - Xianglou New Materials (301160) at 61.62, up 2.87% [1] - Taiyuan Iron & Steel (000825) at 4.11, up 2.75% [1] - Jinzhu Pipeline (002443) at 8.23, up 2.11% [1] - Shengde Zhengtai (300881) at 33.47, up 1.45% [1] Capital Flow - The special steel sector experienced a net outflow of 48.91 million from institutional investors, while retail investors saw a net inflow of 35.27 million [2] - The capital flow for individual stocks shows: - Taiyuan Iron & Steel had a net inflow of 45.03 million from institutional investors [3] - Xianglou New Materials had a net outflow of 735.72 million from institutional investors [3] - Jinzhu Pipeline had a net outflow of 1,356.12 million from institutional investors [3]