| | 特定对象调研 分析师会议 | | --- | --- | | 投资者关系活动 | 媒体采访 业绩说明会 | | 类别 | 新闻发布会 路演活动 | | | 现场参观 其他 | | 参与活动单位及 | 易方达基金-王成 杨康 鲍昀骁 田鑫 张逸 | | 人员 | | | 时间 | 2025 年 12 月 16 日 15:00-15:30 | | 地点 | 本溪市 | | 形式 | 线上调研 | | 上市公司接待人 | 陈立文、贾晶乔 | | 员 | | | | 1.重大资产置换目前是否还在推进，进展情况？ | | | 答：公司于 2023 年 6 月披露了《本钢板材股份有限公司 | | | 重大资产置换暨关联交易预案》，鉴于本次交易将导致公司关 | | | 联销售比例大幅增加，可能导致公司对控股股东及其他关联方 | | | 存在重大依赖、对公司面向市场独立持续经营的能力产生重大 | | | 影响，目前公司正在结合自身实际，对本次交易方案的可行性 | | | 与合规性做进一步审慎论证和谨慎评估。本次交易方案仍需进 | | | 一步论证和沟通协商，相关事项尚存在不确定性，公司将根据 | | ...

九强生物：多名股东拟合计向国药投资转让5%股份 关注集思录微信 特别提示 本文不构成任何投资建议，仅为信息分享。任何因本文导致的投资行为发生的亏损，本公众号及作者概不承担任何责任。 集思录(www.jisilu.cn)是一个以数据为本的投资理财社区，专注于新股、可转债、债券、封闭基金等数据服务。我们的理念是在保证本金安 全的前提下，使资产获得稳健增长。 快捷查询： | 转债代码 | 转债名称 | 类型 | 日期 | 公告 | | --- | --- | --- | --- | --- | | 113593 | 沪工转债 | 強度 | 2025-12-10 | 公告 | | 127018 | 本钢转债 | 提议下修 | 2025-12-10 | 公告 | | 113610 | 灵康转债 | 不下修 | 2025-12-10 | 公告 | | 转债代码 | 转债名称 | 现价 | 强赎价 | 最后交易日 | 最后转股日 | 转股价值 | 剩余规模 | 转债占正股 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | (亿 ...

证券日报网讯 12月9日晚间，本钢板材发布公告称，自2025年11月25日至2025年12月9日，公司A股股票 已出现连续二十个交易日中十个交易日的收盘价低于当期转股价格85%的情形，触发"本钢转债"转股价 格向下修正条款；2025年12月9日，公司召开第十届董事会第六次会议，审议通过了《关于提议向下修 正"本钢转债"转股价格的议案》，该议案尚需提交公司股东会审议。 （文章来源：证券日报） ...

Core Viewpoint - The company is potentially facing a downward adjustment of the conversion price for its convertible bonds due to its stock price falling below a specified threshold over a consecutive trading period [2][9]. Group 1: Convertible Bond Issuance - The company issued 68 million convertible bonds with a total value of 6.8 billion yuan, which began trading on August 4, 2020 [3]. - The initial conversion price was set at 5.03 yuan per share, with the conversion period running from January 4, 2021, to June 28, 2026 [3]. Group 2: Conversion Price Adjustments - The conversion price has been adjusted multiple times due to the company's equity distribution plans, currently standing at 3.95 yuan per share as of the latest announcement [4][5]. - Adjustments occurred on July 19, 2021 (to 5.02 yuan), October 13, 2021 (to 4.55 yuan), and June 16, 2022 (to 3.95 yuan) [4]. Group 3: Downward Adjustment Conditions - The company’s board has the authority to propose a downward adjustment of the conversion price if the stock price falls below 85% of the current conversion price for at least ten out of twenty consecutive trading days [7]. - If the conditions for a downward adjustment are met, the company will hold a board meeting to decide on the adjustment and disclose the decision promptly [9].

Group 1: Major Asset Restructuring - The company disclosed a major asset restructuring plan in June 2023, which may significantly increase the proportion of related sales and impact its independent operational capabilities [2] - The feasibility and compliance of the restructuring plan are under further careful evaluation, with uncertainties remaining [2] - The company will fulfill its information disclosure obligations based on the progress of related matters [2] Group 2: Convertible Bonds and Financial Management - The company plans to enhance its market value management and improve profitability through cost reduction and efficiency enhancement [2] - It aims to prepare for the maturity of its convertible bonds by expanding financing channels [2] Group 3: Industry Competition and Restructuring - The restructuring of the controlling shareholder, Benxi Steel Group, is linked to addressing industry competition with Angang Group [2] - Angang Group has committed to resolving competition issues within five years through asset restructuring and business adjustments [2] - The ongoing major asset restructuring is viewed as the first step in addressing industry competition [2]

Group 1: Major Asset Restructuring - The company is currently evaluating the feasibility and compliance of the major asset restructuring plan disclosed in June 2023, which may significantly increase the proportion of related party sales and impact independent operations [1] - A board meeting will be convened to review the plan once relevant matters are confirmed, followed by timely information disclosure [1] Group 2: Convertible Bond Management - The company is preparing for the maturity of its convertible bonds, focusing on enhancing profitability through cost reduction and efficiency improvements [1] - It is also expanding financing channels, with sufficient credit and low loan interest rates [1] Group 3: Response to Anti-Competition Policies - The company is actively responding to "anti-competition" policies by optimizing production based on market trends and ensuring stable operations while managing risks [1] - The focus is on improving user structure, production models, and overall production efficiency [1] Group 4: Certification Progress - The company is advancing its certification with BMW and has also obtained product certifications from several other automotive manufacturers, including BYD and North Benz [2]

Group 1: Company Performance Overview - The report provides an overview of the company's basic situation and production operations for the first half of 2025, along with development prospects and key tasks for the second half of the year [4]. Group 2: Responses to Key Questions - The company views the "anti-involution" policy positively, believing it will have a beneficial impact on industry development. It plans to implement measures focusing on stability, risk prevention, quality improvement, structural optimization, transformation promotion, and efficiency enhancement [4]. - Regarding asset restructuring, the company disclosed a major asset replacement and related transaction plan in June 2023. The plan may significantly increase the proportion of related sales, potentially impacting the company's independent operational capabilities. Further feasibility and compliance assessments are ongoing [4]. - The company issued 6.8 billion convertible bonds in 2020, with a remaining balance of 5.631 billion. It is focusing on market value management while preparing for bond maturity and exploring financing channels [4]. - The company is committed to ecological priorities and low-carbon strategies, with plans to complete ultra-low emission modifications by October 2025. Significant investments are being made to reduce pollutant emissions [4].

Group 1: Asset Replacement and Risk Management - The asset replacement process requires further verification and negotiation, with no final determination on asset scope or pricing yet [1] - There is a possibility of adjustments, suspension, or cancellation of the transaction plan, highlighting the need for investors to be aware of risks [1] Group 2: Convertible Bonds Strategy - The company is closely monitoring the high premium rate of its convertible bonds and will manage market conditions to enhance shareholder value [1] - Plans are in place to ensure adequate funding for bond repayments to mitigate default risks [1] Group 3: Raw Material Price Volatility Management - The company is enhancing its analysis of raw material supply and demand, developing procurement models to optimize purchasing timing [2] - Strategic partnerships are being strengthened to secure domestic raw material sources and improve procurement cost advantages [2] - Efforts are being made to optimize the structure of raw materials and reduce production costs, thereby minimizing the impact of price fluctuations [2] Group 4: Development in Mid-to-High-End Market - A technical service team has been established to support new product development through direct engagement with key regions and enterprises [2] - Collaborations with universities and research institutes are being intensified to facilitate early involvement in new product and technology development [2] - Strategic resources from Ansteel Group are being leveraged to enter new fields and industries for product innovation [2]

Group 1 - The company has issued a total of 68 billion RMB in convertible bonds, with a maturity of 6 years, approved by the China Securities Regulatory Commission [1][2] - The convertible bonds, known as "BenGang Convertible Bonds," began trading on the Shenzhen Stock Exchange on August 4, 2020 [2] - The conversion period for the bonds is from January 4, 2021, to June 28, 2026 [2] Group 2 - As of June 30, 2025, the remaining balance of convertible bonds is 5,630,969,100 RMB, equivalent to 56,309,691 bonds [2] - The total number of shares increased from 4,108,231,952 to 4,108,232,205 due to the conversion of bonds, with a change of 253 shares [2]

Group 1 - The company, Benxi Steel Plate Co., Ltd., has announced the interest payment for its convertible bonds, "Ben Steel Convertible Bonds," for the fifth year, with a coupon rate of 3.8% [1][4] - The interest payment period is from June 29, 2024, to June 28, 2025, and the interest amount distributed will be RMB 38.00 for every 10 bonds held [4][5] - The company has issued a total of 68 million convertible bonds, with a face value of RMB 100 each, amounting to a total issuance of RMB 6.8 billion [1][4] Group 2 - The interest payment will be made to all bondholders registered with the Shenzhen Stock Exchange as of June 27, 2025 [5] - The company will not withhold income tax on the interest for bondholders; instead, it will be the responsibility of the bondholders to pay the applicable tax [5][6] - For qualified foreign institutional investors (QFII and RQFII), the interest income is temporarily exempt from corporate income tax and value-added tax until December 31, 2025 [6][7]