亨通光电控股股东部分股权质押详细公告解读

一、公告要点速览

• 控股股东亨通集团有限公司（以下简称“亨通集团”）将其持有的2,000万股公司股份质押给江苏银行股份有限公司苏州分行。
• 本次质押已于2026年4月21日完成登记，质押股份占亨通集团持股比例的3.37%，占公司总股本的0.81%。
• 截至公告日，亨通集团累计质押公司股份3.7865亿股，占其持股量的63.77%，占公司总股本的15.35%。
• 本次质押融资用途为银行授信提供增信，未涉及重大资产重组业绩补偿等担保事项。

二、股东结构及质押情况详解

• 亨通集团持有公司5.9377亿股，占总股本的24.07%。本次质押后累计质押占持股的63.77%，占公司总股本的15.35%。
• 实际控制人崔根良先生及一致行动人崔巍先生目前无股份质押。
• 合计来看，一致行动人合计持股6.89亿股，占总股本27.94%，累计质押3.7865亿股，占整体持股54.95%。

三、未来半年及一年内到期质押情况

• 未来半年内将有3,615万股质押到期，涉及融资余额5.318亿元，占亨通集团持股6.09%、公司总股本1.47%。
• 未来一年内（不含半年内到期部分）有3,300万股质押到期，融资余额7.2亿元，占亨通集团持股5.56%、公司总股本1.34%。
• 控股股东的还款资金来源主要为经营所得及投资分红。

四、对上市公司及投资者影响解读

• 股权质押比例较高：控股股东累计质押占其持股63.77%，为市场关注重点。若质押股份发生平仓或强制执行，可能影响公司控制权稳定及股价波动。
• 公司表示，亨通集团具备风险控制及还款能力，不存在非经营性资金占用、违规担保或关联交易损害公司利益的情形。
• 目前质押事项不会影响公司主营业务、融资授信、持续经营能力及日常管理。
• 一旦出现平仓风险，控股股东将通过补充质押、提前购回等方式应对。
• 高比例股权质押，尤其在当前市场环境下，可能被投资者视为价格敏感信息，需持续关注还款及质押变化情况。

五、投资者须知的风险提示

• 控股股东高比例质押，若未来因市场波动导致股价下跌，存在追加保证金或被动减持可能，影响公司股价及控股权稳定。
• 本次质押为银行授信增信，资金用途明确，质押股份未涉及其他重大资产重组或业绩补偿事项。
• 投资者应密切关注后续质押股份到期、偿还及补充质押等动态。

结论

本次亨通集团新增2,000万股质押及整体高比例质押结构，或对公司股价走势及市场预期构成一定影响。信息透明、及时响应平仓风险及合理安排还款，是投资者关注的重点。建议投资者持续关注相关进展及公司公告。

免责声明：本文仅供参考，不构成任何投资建议。投资有风险，入市需谨慎。

English Version

Detailed Analysis of Major Shareholder’s Equity Pledge in Hengtong Optic-Electric

Key Highlights

• Controlling shareholder Hengtong Group pledged 20 million shares to Jiangsu Bank Suzhou Branch.
• The pledge registration was completed on April 21, 2026. The pledged shares account for 3.37% of Hengtong Group’s holdings and 0.81% of the company’s total share capital.
• As of the announcement date, Hengtong Group has cumulatively pledged 378.65 million shares, representing 63.77% of its holdings and 15.35% of the total company shares.
• The pledged shares are used to enhance bank credit, not for major asset restructuring or performance compensation guarantees.

Shareholding Structure and Pledge Details

• Hengtong Group holds 593.77 million shares, 24.07% of total share capital. After this pledge, cumulative pledge is 63.77% of its holdings, 15.35% of total shares.
• Actual controller Mr. Cui Genliang and acting-in-concert Mr. Cui Wei currently have no pledged shares.
• All acting-in-concert parties hold 689.06 million shares (27.94% of total company shares), with cumulative pledged shares at 378.65 million (54.95% of total holdings).

Pledge Expiry in the Next Six Months and Year

• 36.15 million pledged shares will expire within six months, involving a financing balance of 531.8 million RMB (6.09% of Hengtong Group’s holdings, 1.47% of total shares).
• 33 million pledged shares will expire within one year (excluding the above), involving financing of 720 million RMB (5.56% of holdings, 1.34% of total shares).
• Repayment sources include business income and investment dividends.

Impact Analysis for Investors

• High proportion of equity pledge by controlling shareholder (63.77%) is a key concern. Forced sales or execution could affect control stability and share price volatility.
• The company states Hengtong Group has repayment and risk control ability, with no illegal use of funds, guarantees, or related party transactions harming company interests.
• The pledge does not affect main business, financing, ongoing operations, or daily management for now.
• If there is a forced sale risk, the controlling shareholder will supplement pledges or buy back shares in advance to mitigate risk.
• Such a high level of pledge is price-sensitive information, especially in current market conditions. Investors should closely follow further developments.

Risks Investors Should Note

• If the share price falls, high pledge ratio may trigger margin calls or forced sales, impacting share price and control.
• Pledged shares are for bank credit enhancement, with clear use, not for asset restructuring or performance compensation.
• Investors should track subsequent pledge maturity, repayments, and possible additional pledges.

Conclusion

The new 20 million share pledge and the overall high pledge ratio by Hengtong Group may affect share price and market sentiment. Information transparency and proactive risk management are key. Investors are advised to closely follow subsequent developments and company disclosures.

Disclaimer: This article is for reference only and does not constitute investment advice. Investing carries risks; please proceed with caution.

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