登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002237 证券简称：恒邦股份 公告编号：2025-113 债券代码：127086 债券简称：恒邦转债 山东恒邦冶炼股份有限公司 关于公司收到山东监管局行政监管措施决定书的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 山东恒邦冶炼股份有限公司（以下简称"公司"）于2025年11月25日收到中国证券监督管理委员会山东监 管局下发的《关于对山东恒邦冶炼股份有限公司采取责令改正措施的决定》（〔2025〕95号）（以下简 称"《决定书》"）。现将有关情况公告如下： 一、《决定书》的具体内容 山东恒邦冶炼股份有限公司： 经查，你公司两名独立董事因任期届满于2025年8月11日辞职，将导致独立董事占董事会成员的比例低 于三分之一。你公司未能自独立董事提出辞职之日起六十日内完成补选。上述行为不符合《上市公司独 立董事管理办法》（证监会令第227号）第十五条的规定。 根据《上市公司独立董事管理办法》（证监会令第227号）第四十四条的规定，我局决定对你公司采取 责令改正的行政监管措施，并记入证券期货市场诚信档 ...

证券日报网讯 11月24日晚间，恒邦股份发布公告称，根据安排，截至2025年11月27日收市后仍未转股 的"恒邦转债"将被强制赎回。本次赎回完成后，"恒邦转债"将在深圳证券交易所（以下简称"深交所"） 摘牌，特提醒"恒邦转债"债券持有人注意在限期内转股。债券持有人持有的"恒邦转债"如存在被质押或 被冻结的，建议在停止交易日前解除质押或冻结，以免出现因无法转股而被赎回的情形。 （文章来源：证券日报） ...

本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 登录新浪财经APP 搜索【信披】查看更多考评等级 重要内容提示： 1.最后交易日：2025年11月24日 2025年11月24日是"恒邦转债"最后一个交易日，当日"恒邦转债"简称为"Z邦转债"；2025年11月24日收 市后"恒邦转债"将停止交易。 2.最后转股日：2025年11月27日 2025年11月27日是"恒邦转债"最后一个转股日，当日收市前，持有"恒邦转债"的投资者仍可进行转股； 2025年11月27日收市后，未转股的"恒邦转债"将停止转股。 3.截至2025年11月21日收市后，距离"恒邦转债"停止交易仅剩1个交易日，距离"恒邦转债"停止转股并赎 回仅剩4个交易日。山东恒邦冶炼股份有限公司（以下简称"公司"）特别提醒"恒邦转债"持有人务必认 真阅读本公告，充分了解相关风险，注意最后转股时间，审慎作出投资决策。 特别提示： 1."恒邦转债"赎回价格：100.28元/张（含当期应计利息，当期年利率为0.6%，且当期利息含税），扣税 后的赎回价格以中国证券登记结算有限责任公司深圳分公司（以下简称"中登公司" ...

操作不及时或将亏损近10% 权威精选 11月24日，是恒邦转债的最后交易日。恒邦转债11月21日收盘价为111.35元/张，如果投资者不及时操作，可能亏损近10%。此前，中金转债部分持有者就 因未及时操作导致亏损19%以上。 | < > | | 恒邦转债 | | | CG Q | | --- | --- | --- | --- | --- | --- | | | | 127086 T+0 ▼ | | | | | 111.350 >> | | 116.000 最高 | | 116.790 最低 111.280 | | | -473% -5.530 芯于 | | 15.7万 金额 | | 1.78亿 量比 1.30 | | | 昨收 116.880 外盘 | | 62656 内盘 | | 更多 94767 | | | 正股报价 12.48 -4.73% | | | | 转股溢价率 -0.16% > | | | 分时 | 五日 | 日Ｋ | 周Ｋ | 月Ｋ | 更多,◎ | | 122.480 | | | | 4.79% | | | | | | | | 盘口 资金 | | | | | | | 卖 1 111.350 ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - In the short - term, the technology mainline in the fourth quarter may face pressure, and overseas pressure will be transmitted to the domestic market. In 2026, since the Fed is likely to maintain relative looseness and the diffusion direction of AI themes has not converged, the structural opportunities in 2026 will still revolve around the technology mainline [2][35]. - For convertible bonds, it is recommended to defend in the short - term. The low - price style ended eight consecutive weeks of positive gains last week. The medium - and low - price style may experience a phase of waiting for performance at the meso - level and the Fed's interest - rate cut rhythm may slow down at the macro - level in the fourth quarter, which will trigger a phased correction of US technology stocks and suppress the domestic technology mainline. Therefore, consider diversification and diffusion in industry styles [2][36]. Summary by Relevant Catalogs 1. Week - on - Week Market Review 1.1 Equity Market Declined Overall - From November 17th to November 21st, the equity market declined overall, with all indices closing down. The average daily trading volume of the two markets decreased by about 1759.86 billion yuan to 18487.98 billion yuan compared with last week, a week - on - week decline of 8.69%. Among them, the Shanghai Composite Index fell 3.90% to 3834.89 points, the Shenzhen Component Index fell 5.13% to 12538.07 points, the ChiNext Index fell 6.15% to 2920.08 points, and the CSI 300 fell 3.77% to 4453.61 points. All 31 Shenwan primary industries closed down, with power equipment, basic chemicals, commercial retail, steel, and pharmaceutical biology leading the decline, with declines of 10.54%, 7.47%, 7.24%, 6.98%, and 6.88% respectively [7][9][11]. 1.2 Convertible Bond Market Declined Overall - From November 17th to November 21st, the CSI Convertible Bond Index fell 1.78% to 482.94 points. Among the 29 Shenwan primary industries, 1 industry closed up, and no industry had a gain of more than 2%. The social services industry led the gains with a 0.31% increase, while non - ferrous metals, coal, basic chemicals, commercial retail, and steel led the declines, with declines of 1.93%, 1.72%, 1.63%, 1.57%, and 1.35% respectively. The average daily trading volume of the convertible bond market was 656.75 billion yuan, a significant decrease of 56.65 billion yuan, a week - on - week change of - 7.94%. About 6.70% of individual convertible bonds rose, about 4.47% had a gain in the range of 0 - 1%, and 0.74% had a gain of more than 2% [7][14]. - In terms of conversion premium rate, the overall market conversion premium rate rebounded this week, with an average daily conversion premium rate of 39.86%, an increase of 2.05 pcts compared with last week. In terms of price intervals, except for the price interval above 120 yuan which widened by 2.27 pcts, the average daily conversion premium rates of convertible bonds in other price intervals narrowed, with the 100 - 110 yuan price interval narrowing the most, by 25.23 pcts. In terms of parity intervals, except for the parity intervals below 90 yuan and 110 - 120 yuan where the average daily conversion premium rates of convertible bonds narrowed, the average daily conversion premium rates of convertible bonds in other parity intervals widened, with the 90 - 100 yuan parity interval widening the most, by 2.70 pcts [19]. - In terms of conversion parity, the parity of 7 industries increased this week, with 2 industries having a widening amplitude of more than 2%. The social services, steel, environmental protection, petroleum and petrochemical, and beauty care industries led the gains, with increases of 32.81%, 5.17%, 1.28%, 0.42%, and 0.40% respectively; the electronics, power equipment, food and beverage, non - bank finance, and building materials industries led the declines, with decreases of 4.93%, 4.14%, 4.00%, 3.80%, and 3.71% respectively [29]. 1.3 Comparison of Stock and Bond Market Sentiments - From November 17th to November 21st, the week - on - week weighted average and median of the convertible bond and underlying stock markets were negative, and the convertible bond market had a smaller weekly decline than the underlying stock market. In terms of trading volume, the trading volume of the convertible bond market decreased by 7.94% week - on - week and was at the 57.20% quantile level since 2022; the trading volume of the underlying stock market decreased by 17.87% week - on - week and was at the 84.00% quantile level since 2022. The trading volume of both the underlying stock and convertible bond markets decreased significantly, and the underlying stock market had a larger decline in trading volume and a higher quantile level. In terms of the proportion of rising and falling stocks and bonds, about 11.33% of convertible bonds closed up, and about 5.80% of underlying stocks closed up; about 91.99% of convertible bonds had a larger increase or decrease than underlying stocks. In general, the trading sentiment in the convertible bond market was better this week [30]. 2. Future Outlook and Investment Strategy - In the short - term, it is still recommended to defend rather than attack in the convertible bond market. Consider diversification and diffusion in industry styles. Diversify by choosing some chemical targets such as Xingfa Convertible Bond, Hebang Convertible Bond, etc.; focus on the diffusion direction of the technology mainline, such as AI edge - side consumer electronics, and recommend targets like Weil Convertible Bond, Luxshare Convertible Bond, etc. Also, small - cap stocks may perform well during the diffusion period, and recommend targets such as Huachen Convertible Bond, Guoli Convertible Bond, etc [2][36]. - The top ten high - rated, medium - and low - priced convertible bonds with the greatest potential for conversion parity premium rate repair next week are Hengbang Convertible Bond, Chutian Convertible Bond, etc [2][37].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002237 证券简称：恒邦股份 公告编号：2025-107 债券代码：127086 债券简称：恒邦转债 山东恒邦冶炼股份有限公司 关于提前赎回恒邦转债实施暨即将停止交易的 重要提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 重要内容提示： 1.最后交易日：2025年11月24日 2025年11月24日是"恒邦转债"最后一个交易日，当日"恒邦转债"简称为"Z邦转债"；2025年11月24日收 市后"恒邦转债"将停止交易。 2.最后转股日：2025年11月27日 2.赎回条件满足日：2025年10月17日 3.停止交易日：2025年11月25日 4.赎回登记日：2025年11月27日 5.停止转股日：2025年11月28日 6.赎回日：2025年11月28日 2025年11月27日是"恒邦转债"最后一个转股日，当日收市前，持有"恒邦转债"的投资者仍可进行转股； 2025年11月27日收市后，未转股的"恒邦转债"将停止转股。 3.截至2025年11月19日收市后，距离"恒邦转债"停止交易仅剩3 ...

（文章来源：证券日报） 证券日报网讯 11月19日晚间，恒邦股份发布公告称，截至2025年11月18日收盘，公司"恒邦转债"累计 转股数量为231，409，617股，占"恒邦转债"开始转股前公司已发行股份总额1，148，014，400股的 20.16%。截至2025年11月18日收盘，公司尚有5，704，715张"恒邦转债"未转股，占公司可转换公司债 券发行总量3，160万张的18.05%。 ...

（文章来源：证券日报） 证券日报网讯 11月19日晚间，恒邦股份发布公告称，截至2025年11月19日收市后，距离"恒邦转债"停 止交易仅剩3个交易日，距离"恒邦转债"停止转股并赎回仅剩6个交易日。 ...

Summary of Key Points Core Viewpoint - The article discusses recent corporate actions and developments in the convertible bond market, highlighting shareholding changes, partnerships, and upcoming bond listings and trading dates. Group 1: Corporate Actions - Jia Mei Packaging's shareholders plan to reduce their holdings by no more than 1.16% of the company's shares [1] - Hailianxun's request for acquisition rights has ended, with trading resuming on November 19 [1] - Jiemai Technology's subsidiary, Rouzhen Technology, signed a cooperation development framework agreement with Ningde New Energy [1] Group 2: Convertible Bonds - The article lists various convertible bonds with their current prices, redemption prices, last trading dates, conversion values, remaining scales, and their proportion to the underlying stocks [1][4][6] - Notable upcoming bond listings include: - Qizhong Convertible Bond on November 21 - Maolai Convertible Bond on November 21 for subscription - Zhuomei Convertible Bond on November 24 - Other bonds with specific trading and conversion dates detailed [1][4][6] Group 3: Market Data - The article provides detailed tables of convertible bonds, including their current prices, conversion values, and market capitalization ratios, indicating the financial health and market positioning of these bonds [1][4][6]

（文章来源：证券日报） 证券日报网讯 11月18日晚间，恒邦股份发布公告称，根据安排，截至2025年11月27日收市后仍未转股 的"恒邦转债"将被强制赎回。本次赎回完成后，"恒邦转债"将在深圳证券交易所摘牌，特提醒"恒邦转 债"债券持有人注意在限期内转股。债券持有人持有的"恒邦转债"如存在被质押或被冻结的，建议在停 止交易日前解除质押或冻结，以免出现因无法转股而被赎回的情形。风险提示：本次"恒邦转债"赎回价 格可能与其停止交易和停止转股前的市场价格存在较大差异，特提醒持有人注意在限期内转股。投资者 如未及时转股，可能面临损失，敬请投资者注意投资风险。 ...