Key Points - The company issued 7,850,000 convertible bonds with a total fundraising amount of RMB 785 million, netting RMB 775.22 million after expenses [1][2] - The bonds were listed on the Shenzhen Stock Exchange on January 24, 2025, under the name "Yinbang Convertible Bonds" with the code "123252" [2][3] - The bond's conversion period starts on July 14, 2025, and ends on January 6, 2031, allowing bondholders to convert their bonds into shares [2][3] - The initial conversion price is set at RMB 12.52 per share, which was later adjusted to RMB 12.51 due to a cash dividend distribution [5][10] - The bond has a six-year term, with a tiered interest rate starting at 0.20% in the first year and increasing to 2.30% in the sixth year [3][10] - The company has established special accounts for the management of the raised funds, ensuring proper oversight and usage [2] - Bondholders can apply for conversion during the specified conversion period, with the minimum conversion unit being one share [5][11] - The company has the right to redeem the bonds at 113% of the face value after five trading days post-maturity if certain conditions are met [13] - Bondholders have the option to sell back their bonds to the company under specific conditions if the stock price falls below 70% of the conversion price [14][15]

| 证券代码：300337 | 证券简称：银邦股份 公告编号：2025-045 | | --- | --- | | 债券代码：123252 | 债券简称：银邦转债 | 银邦金属复合材料股份有限公司 关于银邦转债开始转股的提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 一、 可转换公司债券基本情况 （一）可转换公司债券发行情况 经中国证券监督管理委员会《关于同意银邦金属复合材料股份有限公司向不 特定对象发行可转换公司债券注册的批复》(证监许可〔2024〕1735 号)文同意， 本公司向不特定对象发行 7,850,000 张可转换公司债券，每张面值为人民币 100 元，募集资金总额人民币 785,000,000.00 元，扣除各项发行费用后的实际募集 资金净额为 775,217,433.97 元。募集资金已于 2025 年 1 月 13 日划至公司指定 账户。公证天业会计师事务所（特殊普通合伙）对公司上述募集资金到位情况进 行了验证，并出具了《银邦金属复合材料股份有限公司验资报告》（苏公 W[2025]B003 号）。 1 1、 证券代码： ...

| 证券代码：300337 | 证券简称：银邦股份 | 公告编号：2025-044 | | --- | --- | --- | | 债券代码：123252 | 债券简称：银邦转债 | | 银邦金属复合材料股份有限公司 关于为全资子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 公司对银邦安徽新能源提供担保情况详情如下表所示： 一、担保情况概述 单位：万元 银邦金属复合材料股份有限公司（以下简称"公司"）分别于2025年4月18 日、2025年5月15日召开第五届董事会第十六次会议及2024年年度股东大会，审 议通过了《关于2025年度担保额度预计的议案》，同意公司为全资子公司银邦（安 徽）新能源材料科技有限公司（以下简称"银邦安徽新能源"）融资提供担保， 预计担保额度不超过人民币19.5亿元。具体内容详见公司2025年4月18日在中国 证监会指定的创业板信息披露网站巨潮资讯网披露的《关于2025年度担保额度预 计的公告》（公告编号：2025-023）。 1 二、担保进展情况 近日，公司与中国工商银行股份有限公司淮北牡丹支行签署了《保证合 ...

Group 1 - The company issued 7,850,000 convertible bonds with a total fundraising amount of RMB 785 million, net proceeds amounting to RMB 775.22 million after deducting issuance costs [1] - The convertible bonds were listed on the Shenzhen Stock Exchange on January 24, 2025, under the name "Yinbang Convertible Bonds" and code "123252" [2] - The conversion period for the bonds starts on July 14, 2025, and ends on January 6, 2031, allowing bondholders to choose whether to convert their bonds into shares [2][3] Group 2 - The initial conversion price for the bonds is set at RMB 12.52 per share, with no adjustments made to the conversion price as of the announcement date [3] - The conversion price will be adjusted based on specific corporate actions such as stock dividends, capital increases, and cash dividends, following a defined formula [4][5] - The company announced a profit distribution plan for 2024, with a net profit of RMB 57.69 million and a cash dividend of RMB 0.10 per share, leading to an adjustment of the conversion price to RMB 12.51 per share effective from July 14, 2025 [6][7]

Group 1 - The company has approved a cash dividend distribution plan for the fiscal year 2024, proposing a cash dividend of RMB 0.10 per 10 shares, totaling RMB 8.2192 million, based on a net profit of RMB 57.69 million and a total share capital of 82.192 million shares as of December 31, 2024 [1][2] - The dividend distribution will not include any capital reserve conversion to share capital or bonus shares, with the remaining undistributed profits carried forward to future years [1][2] - The dividend distribution plan remains consistent with the resolutions passed by the board of directors and the shareholders' meeting, and the total share capital has not changed since the approval [1][2] Group 2 - The record date for the dividend distribution is set for July 11, 2025, and the ex-dividend date is July 14, 2025 [2][3] - The distribution will be made to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, as of the record date [3] - The company will entrust the China Securities Depository and Clearing Corporation Limited to distribute the cash dividends to A-share shareholders [3]

| 证券代码：300337 | 证券简称：银邦股份 | 公告编号：2025-043 | | --- | --- | --- | | 债券代码：123252 | 债券简称：银邦转债 | | 银邦金属复合材料股份有限公司 关于可转换公司债券转股价格调整的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 经中国证券监督管理委员会《关于同意银邦金属复合材料股份有限公司向不 特定对象发行可转换公司债券注册的批复》(证监许可〔2024〕1735 号)文同意， 本公司向不特定对象发行 7,850,000 张可转换公司债券，每张面值为人民币 100 元，募集资金总额人民币 785,000,000.00 元，扣除各项发行费用后的实际募集 资金净额为 775,217,433.97 元。募集资金已于 2025 年 1 月 13 日划至公司指定 账户。公证天业会计师事务所（特殊普通合伙）对公司上述募集资金到位情况进 行了验证，并出具了《银邦金属复合材料股份有限公司验资报告》（苏公 W[2025]B003 号）。 公司及相关子公司设立了募集资金专项账户，并会同保荐人国盛证券有限责 ...

本公司 2024 年年度权益分派方案为：以公司现有总股本 821,920,000 股为 基数，向全体股东每 10 股派 0.100000 元人民币现金（含税；扣税后，通过深股 通持有股份的香港市场投资者、QFII、RQFII 以及持有首发前限售股的个人和证 券投资基金每 10 股派 0.090000 元；持有首发后限售股、股权激励限售股及无限 售流通股的个人股息红利税实行差别化税率征收，本公司暂不扣缴个人所得税， 待个人转让股票时，根据其持股期限计算应纳税额【注】；持有首发后限售股、 股权激励限售股及无限售流通股的证券投资基金所涉红利税，对香港投资者持有 | 证券代码：300337 | 证券简称：银邦股份 | 公告编号：2025-042 | | --- | --- | --- | | 债券代码：123252 | 债券简称：银邦转债 | | 银邦金属复合材料股份有限公司 2024年年度权益分派实施公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 银邦金属复合材料股份有限公司（以下简称"公司"）2024 年年度权益分 派方案已获 2025 年 4 月 16 日 ...

银邦金属复合材料股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、募集资金基本情况 经中国证券监督管理委员会《关于同意银邦金属复合材料股份有限公司向不 特定对象发行可转换公司债券注册的批复》(证监许可〔2024〕1735 号)文同意， 本公司向不特定对象发行 7,850,000 张可转换公司债券，每张面值为人民币 100 元，募集资金总额人民币 785,000,000.00 元，扣除各项发行费用后的实际募集 资金净额为 775,217,433.97 元。募集资金已于 2025 年 1 月 13 日划至公司指定 账户。公证天业会计师事务所（特殊普通合伙）对公司上述募集资金到位情况进 行了验证，并出具了《银邦金属复合材料股份有限公司验资报告》（苏公 W[2025]B003 号）。 公司及相关子公司设立了募集资金专项账户，并会同保荐人国盛证券有限责 任公司分别与江苏银行股份有限公司无锡分行、中信银行股份有限公司无锡分行、 中国银行股份有限公司无锡锡山支行签订了《募集资金三方监管协议》，会同保 荐机构国盛证券有限责任公司、全资子公司银邦（安徽）新能源材 ...

Core Viewpoint - The credit rating agency maintains the long-term credit rating of Yinbang Metal Composite Materials Co., Ltd. at AA- with a stable outlook, indicating strong operational capabilities and financial stability despite some liquidity pressures and debt burdens [1][2]. Company Overview - Yinbang Metal Composite Materials Co., Ltd. was established in 1998 and is listed on the Shenzhen Stock Exchange with a registered capital of 822 million yuan [9]. - The company specializes in aluminum plate and foil materials, focusing on the aluminum processing industry, and has advanced production equipment and a high degree of product customization [9][12]. Financial Performance - As of the end of 2024, the company's total assets reached 58.38 billion yuan, with total revenue of 53.52 billion yuan, reflecting a year-on-year growth of 20.10% [8][9]. - The company reported a profit of 0.66 billion yuan for 2024, with a decline in profit to 0.24 billion yuan in the first quarter of 2025 [8][15]. - The total debt increased significantly, reaching 46.17 billion yuan by the end of March 2025, with a debt-to-asset ratio of 76.07% [8][9]. Industry Analysis - The aluminum industry in China is characterized by a high dependence on imported bauxite, with domestic production of alumina and electrolytic aluminum accounting for over 60% of global output [10]. - In 2024, the demand for aluminum in the automotive sector grew due to the lightweight trend, while traditional construction demand declined [10]. - The global aluminum market is expected to face supply-demand imbalances, with limited upward price potential in the short term due to economic uncertainties and trade barriers [10]. Competitive Advantages - The company maintains a strong technological research and development advantage, with a research investment of 212 million yuan in 2024, a 19.82% increase from the previous year [4][10]. - Yinbang has established partnerships with major automotive suppliers, enhancing its market position in the automotive lightweight materials sector [10][12]. Operational Challenges - The company faces liquidity pressures, with a significant portion of its working capital tied up in accounts receivable and inventory, leading to negative cash flow in 2024 [5][8]. - The debt burden is substantial, with a concentration of long-term debt repayment due in 2027, necessitating careful financial management [5][8].

联合资信评估股份有限公司通过对银邦金属复合材料股份有限 公司主体及其相关债券的信用状况进行跟踪分析和评估，确定维持 银邦金属复合材料股份有限公司主体长期信用等级为 AA-，维持"银 邦转债"信用等级为 AA-，评级展望为稳定。 特此公告 银邦金属复合材料股份有限公司 公开发发行可转换公司债券 2025 年跟踪评级报告 0 www.lhratings.com . 联合〔2025〕4337 号 联合资信评估股份有限公司 评级总监： 二〇二五年六月十六日 跟踪评级报告 | 1 声 明 一、本报告是联合资信基于评级方法和评级程序得出的截至发表之日的 独立意见陈述，未受任何机构或个人影响。评级结论及相关分析为联合资信 基于相关信息和资料对评级对象所发表的前瞻性观点，而非对评级对象的事 实陈述或鉴证意见。联合资信有充分理由保证所出具的评级报告遵循了真 实、客观、公正的原则。鉴于信用评级工作特性及受客观条件影响，本报告 在资料信息获取、评级方法与模型、未来事项预测评估等方面存在局限性。 二、本报告系联合资信接受银邦金属复合材料股份有限公司（以下简称 "该公司"）委托所出具，除因本次评级事项联合资信与该公司构成评级委 托关系 ...