2025 年 7 月 8 日 银河观点集萃 责任编辑 周颖 ☎：010-80927635 网: zhouying_yj@chinastock.com.cn 分析师登记编码：S0130511090001 要闻 每日晨报 截至 2025 年 6 月末，我国外汇储备规模为 33174 亿美元 www.chinastock.com.cn 证券研究报告 请务必阅读正文最后的中国银河证券股份有限公司免责声明 固收:估值不低、结构性仍有空间,关注主线切换——7月转债策略展望。转 ● 债策略展望:保持仓位,关注行业景气扩散及政策拉动标的。综合考虑1)仓 位方面,尽管转债市场估值不便宜,但整体偏权市场尚未关注到风偏显著回落 的线索,因而建议稳健中性配置;2)基本面维度,偏好景气有改善的行业转 债标的,如有色、机械、农业、计算机等;3)主题维度,关注可能受益于政 治局会议政策拉动的消费、高新制造,供给侧改革推进电新、汽车等行业标的; 4）风险上,关注行业层面估值偏高对个券的扰动、可能受中美贸易政策变化 的标的。具体配置策略见正文。7月推荐转债组合包括国投转债、燃 23 转债、 青农转债、兴业转债、金铜转债、松原转债、安集转债、道 ...

Core Viewpoint - Sichuan Zigong Transportation Machinery Group Co., Ltd. has issued convertible bonds to unspecified investors, raising a net amount of 720.397 million yuan for various projects, with a focus on expanding its international market presence and enhancing production capabilities [2][21][20]. Section 1: Bond Overview - The company has received approval from the China Securities Regulatory Commission to issue convertible bonds, with a total issuance amount not exceeding 730 million yuan [2][3]. - The bonds have a face value of 100 yuan each, with a total of 7.3 million bonds issued [3][4]. - The bond interest rates are structured to increase over six years, starting from 0.20% in the first year to 3.20% in the sixth year [4][5]. Section 2: Financial Performance - As of December 31, 2024, the company reported total assets of 4.912 billion yuan, a 38.75% increase from the previous year, and net assets of 2.193 billion yuan, up 5.69% [19]. - The company achieved a revenue of 1.536 billion yuan in 2024, representing a 45.80% year-on-year growth, with net profit attributable to shareholders reaching 139.937 million yuan, a 44.22% increase [19][20]. - The increase in revenue and profit is attributed to the expansion of international business, which accounted for 67.58% of total revenue, and strategic acquisitions to enhance the company's product offerings [19][20]. Section 3: Use of Proceeds - The raised funds will be allocated to various projects, including the development of energy-efficient and intelligent production lines, with a total planned investment of 795.89 million yuan [16][21]. - As of December 31, 2024, the company has utilized 306.704 million yuan of the raised funds for project investments [22]. Section 4: Company Background - Sichuan Zigong Transportation Machinery Group specializes in the research, design, production, and sales of energy-efficient conveying machinery, positioning itself as a supplier of material handling solutions [18]. - The company has established a strong brand presence and market share in the domestic market, actively pursuing international opportunities in line with national policies [18][19].

中证转债指数高开0.07%。运机转债涨超3%，利民转债涨近3%，丰山转债涨超2%；法兰转债跌超2%。 ...

2、调整前转股价格：人民币17.18元/股； 3、调整后转股价格：人民币12.09元/股； 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：001288 证券简称：运机集团 公告编号：2025-042 债券代码：127092 债券简称：运机转债 四川省自贡运输机械集团股份有限公司 关于调整运机转债转股价格的公告 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。 特别提示： 1、债券代码：127092 债券简称：运机转债； 4、转股价格调整生效日期：2025年5月16日。 一、关于可转换公司债券转股价格调整的相关规定 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意四川省自贡运输机械集团股份有限公 司向不特定对象发行可转换公司债券注册的批复》(证监许可[2023]1998号)同意注册，四川省自贡运输 机械集团股份有限公司(以下简称"公司")于2023年9月21日向不特定对象发行了7,300,000张可转换公司 债券，每张面值人民币100元，发行总额人民币730,000,000.00元。经深圳证券交易所（以下简称"深交 所"）同意，公司可转换 ...

中证转债指数低开0.05%。普利转退大跌33.7%，飞凯转债跌5.9%，华翔转债跌近3%；运机转债涨 9.8%，精达转债涨4%，易瑞转债、九洲转2、节能转债、恒锋转债涨1.8%。 ...