Group 1 - The industrial metal sector increased by 2.62% on January 29, with Yiqiu Resources leading the gains [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] - Notable gainers in the industrial metal sector included Yiqiu Resources, which rose by 10.08% to a closing price of 4.37, and Tongling Nonferrous Metals, which increased by 10.06% to 9.19 [1] Group 2 - The industrial metal sector experienced a net outflow of 7.772 billion yuan from institutional investors, while retail investors saw a net inflow of 6.846 billion yuan [2] - The top losers in the industrial metal sector included Yian Technology, which fell by 6.03% to a closing price of 16.82, and Guocheng Mining, which decreased by 5.63% to 29.14 [2] Group 3 - Major stocks with significant net inflows included Ding Sheng New Materials, which had a net inflow of 138 million yuan, and Yiqiu Resources with a net inflow of 128 million yuan [3] - Conversely, stocks like Yunnan Copper experienced a net outflow of 226 million yuan from speculative funds [3]

Core Viewpoint - The company, Xinjiang Zhonghe, has announced that its convertible bonds, "Zhonghe Convertible Bonds," are expected to meet the redemption conditions based on stock price performance [2][8]. Group 1: Convertible Bond Issuance and Listing Overview - The company issued 13.75 million convertible bonds on July 18, 2023, with a total amount of 137.5 million yuan and a maturity period of 6 years [3]. - The bonds were listed on the Shanghai Stock Exchange on August 14, 2023, under the name "Zhonghe Convertible Bonds" and code "110094" [4]. Group 2: Convertible Bond Conversion Price Adjustment - The initial conversion price was set at 8.20 yuan per share, which has been adjusted down to 6.65 yuan per share through several adjustments due to dividend distributions [5]. - The conversion price adjustments occurred on specific dates, reflecting the company's dividend payouts, with the latest adjustment made after the 2024 annual profit distribution [5]. Group 3: Redemption Terms and Expected Trigger Conditions - The company has conditional redemption terms for the convertible bonds, allowing the board to redeem all or part of the bonds if the stock price exceeds 130% of the conversion price for a specified number of trading days [6]. - As of January 13, 2026, the stock price has been above 8.65 yuan for 10 trading days, and if it remains above this threshold for 5 out of the next 18 trading days, the redemption terms will be triggered [8].

Core Viewpoint - Xinjiang Zhonghe announced that from January 13, 2026, to January 28, 2026, if the company's stock closes at or above 130% of the current conversion price of "Zhonghe Convertible Bonds" (8.65 CNY/share) for 10 trading days, it may trigger the conditional redemption clause of the bonds [1] Group 1 - The stock must close at or above 8.65 CNY/share for 5 out of 18 consecutive trading days to trigger the redemption clause [1] - The board of directors has the authority to decide on the redemption of all or part of the unconverted convertible bonds at face value plus accrued interest [1]

Core Viewpoint - Xinjiang Zhonghe (600888.SH) announced that from January 13, 2026, to January 28, 2026, its stock price has closed at or above 130% of the current conversion price of "Zhonghe Convertible Bonds" at 6.65 CNY/share, which is 8.65 CNY/share [1] Summary by Sections - Stock Performance: The company's stock must maintain a closing price of at least 8.65 CNY/share for 5 out of 18 consecutive trading days to trigger the conditional redemption clause of the "Zhonghe Convertible Bonds" [1] - Redemption Terms: Upon triggering the clause, the company's board has the authority to redeem all or part of the unconverted convertible bonds at face value plus accrued interest, as stipulated in the offering document [1]

Core Viewpoint - Xinjiang Zhonghe (600888.SH) announced that from January 13, 2026, to January 28, 2026, its stock price must not be lower than 130% of the current conversion price of "Zhonghe Convertible Bonds" at 6.65 CNY/share, which is 8.65 CNY/share, for 10 trading days [1] Summary by Sections - Conditional Redemption Trigger: If the stock price remains above 8.65 CNY/share for 5 out of the next 18 trading days, it will trigger the conditional redemption clause of the "Zhonghe Convertible Bonds" [1] - Redemption Terms: The company's board has the authority to decide to redeem all or part of the unconverted convertible bonds at face value plus accrued interest, as per the prospectus [1]

| 证券代码：600888 | 证券简称：新疆众和 | 编号：临 | 2026-003 | 号 | | --- | --- | --- | --- | --- | | 债券代码：110094 | 债券简称：众和转债 | | | | 新疆众和股份有限公司关于"众和转债"预计满足赎 回条件的提示性公告 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、准确性和完整性承担法律责任。 重要内容提示： 自 2026 年 1 月 13 日起至 2026 年 1 月 28 日，新疆众和股份有限公司（以 下简称"新疆众和"或"公司"）股票已有 10 个交易日的收盘价不低于 "众和转债"当期转股价格 6.65 元/股的 130%（8.65 元/股）。若在未 来连续 18 个交易日内，公司股票仍有 5 个交易日的收盘价不低于 8.65 元/股，将触发"众和转债"的有条件赎回条款，届时根据《新疆众和 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》"）的约定，公司董事会有权决定按照债券面值加上 当期应计利息的价格赎回全部或部分未转股的可转债。 一 ...

Core Viewpoint - The aluminum alloy industry in China is projected to experience significant growth, with a notable increase in production and market dynamics from 2025 to 2032 [1] Industry Overview - According to the National Bureau of Statistics, China's aluminum alloy production is expected to reach 1.83 million tons by December 2025, representing a year-on-year growth of 13.7% [1] - Cumulative aluminum alloy production in China for 2025 is forecasted to be 19.297 million tons, reflecting a cumulative growth of 15.8% [1] Market Research - The report titled "2026-2032 China Aluminum Alloy Industry Market Operation Pattern and Prospect Strategic Analysis Report" by Zhiyan Consulting provides insights into the operational landscape and future strategies of the aluminum alloy market in China [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research and offering comprehensive consulting services for investment decisions [1]

Core Viewpoint - Xinjiang Zhonghe (600888) stated that its electronic aluminum foil and electrode foil products are priced based on market conditions and do not have a direct linkage to aluminum prices, despite rising costs of high-purity aluminum due to increased aluminum prices [1] Group 1 - The company’s pricing strategy for electronic aluminum foil and electrode foil is independent of aluminum price fluctuations [1] - The rise in aluminum prices has led to increased costs for high-purity aluminum, prompting the company to negotiate adjustments with customers [1]

格隆汇1月26日丨新疆众和(600888.SH)在投资者互动平台表示，公司未向火箭生产企业提供产品。 ...

Group 1 - The core viewpoint of the article highlights the growth in China's primary aluminum (electrolytic aluminum) production, with a reported output of 3.79 million tons in November 2025, reflecting a year-on-year increase of 2.5% [1] - Cumulative production from January to November 2025 reached 41.165 million tons, also showing a growth of 2.5% compared to the previous year [1] - The article references a report by Zhiyan Consulting, which outlines the development strategy and investment opportunities in the Chinese primary aluminum industry from 2026 to 2032 [1] Group 2 - The listed companies in the aluminum sector include China Aluminum (601600), Nanshan Aluminum (600219), Yun Aluminum (000807), Xinjiang Zhonghe (600888), Shenhuo Holdings (000933), Zhongfu Industrial (600595), Jiaozuo Wanfang (000612), Dongyangguang (600673), Tianshan Aluminum (002532), and Minfa Aluminum (002578) [1] - The data presented is sourced from the National Bureau of Statistics and organized by Zhiyan Consulting, indicating the reliability of the statistics [1]