Core Insights - The report highlights the significant role of CFOs in listed companies, with the total salary for CFOs in A-share companies reaching 4.27 billion yuan in 2024, averaging 814,800 yuan per year [1] Group 1: CFO Salary and Demographics - The average salary for CFOs in the paper industry is 577,700 yuan, which is lower than the average salary of 722,900 yuan for the light manufacturing industry, showing a year-on-year decrease of 4.8% [8] - The age structure of CFOs in the paper industry shows a trend towards older demographics, with an average age of 51.06 years; 66.7% are over 50 years old [1][3] - Male CFOs dominate the industry, comprising 73.7% of the total, with an average age of 51.92 years, while female CFOs account for 26.3% with an average age of 48.80 years [1] Group 2: Tenure and Education - The majority of CFOs in the paper industry have a tenure of 5-10 years, accounting for 47.4% of the total; those with 1-3 years and over 10 years of experience make up 26.3% and 15.8%, respectively [3] - Approximately 63.2% of CFOs in the paper industry hold a bachelor's degree, while both associate and master's degrees account for about 15.8% each [6] Group 3: Salary Disparities and Changes - The highest-paid CFO is Wei Tongqiu from Bohui Paper, earning 1.4967 million yuan, which is 1.69 times the salary of the second-highest, Sheng Xiaoying from Jingxing Paper [9][10] - There were 10 CFOs who experienced salary cuts, while 8 saw salary increases; the largest salary decrease was 784,200 yuan for Dong Lianming from ST Chenming [9] - The average salary for male CFOs is 622,800 yuan, while female CFOs earn an average of 451,400 yuan [9]

Core Viewpoint - The company, Chenming Paper (01812), has experienced a significant stock price decline, triggering abnormal trading conditions as per Shenzhen Stock Exchange regulations [1] Group 1: Stock Performance - The company's B-share stock (code: 200488, abbreviation: ST Chenming B) saw a cumulative closing price drop of over 12% across three consecutive trading days from August 4 to August 6, 2025 [1] Group 2: Financial Developments - A special syndicate loan of 2.31 billion yuan designated for resuming production has been approved and is in the process of meeting withdrawal conditions and signing loan agreements [1] - The company plans to gradually resume operations at its production bases based on funding status and market conditions [1] Group 3: Disclosure and Compliance - The board of directors confirmed that there are no undisclosed matters that should be reported according to the Shenzhen Stock Exchange listing rules, nor any related plans, negotiations, or agreements [1] - The board has not been made aware of any undisclosed information that could significantly impact the trading price of the company's stock and its derivatives [1] - There are no corrections or supplements needed for previously disclosed information [1]

智通财经APP讯，晨鸣纸业(01812)公布，公司B 股股票(股票代码：200488，股票简称：ST 晨鸣 B)交易 价格于 2025 年 8 月 4 日、2025 年 8 月 5 日、2025 年 8 月 6 日连续三个交易日收盘价格跌幅偏离值累计 超过 12%，根据《深圳证券交易所股票交易规则》的有关规定，属于股票交易异常波动的情况。 公司董事会确认，公司目前没有任何根据《深圳证券交易所股票上市规则》等规定应予以披露而未披露 的事项或与该事项有关的筹划、商谈、意向、协议等;董事会也未获悉公司有根据《深圳证券交易所股 票上市规则》等有关规定应予以披露而未披露的、对公司股票及其衍生品种交易价格产生较大影响的信 息;公司前期披露的信息不存在需要更正、补充之处。 截至本公告披露日，专项用于复工复产的 23.1 亿元银团贷款已经完成审批，正在落实提款条件、签署 贷款协议等，公司将根据资金状况、市场情况等陆续推进各生产基地的复工复产。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 山東晨鳴紙業集團股份有限公司 SHANDONG CHENMING PAPER HOLDINGS LIMITED* （於中華人民共和國註冊成立的股份有限公司） （股份代號：1812） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列山東晨鳴紙業集團股份有限公司在深圳證券交易所網站刊登日期為二零二 五年八月六日的「山東晨鳴紙業集團股份有限公司關於公司股價異動的公告」，僅 供參閱。 承董事會命 山東晨鳴紙業集團股份有限公司 胡長青 主席 中國，山東 二零二五年八月六日 於本公告日期，執行董事為胡長青先生、李興春先生、李峰先生及李偉先先 生；非執行董事為韓亭德先生及李傳軒先生；及獨立非執行董事為尹美群女士、 孫劍非先生、楊彪先生及李志輝先生。 * 僅供識別 证券代码： 000488 200488 证券简称：ST 晨鸣 ST 晨鸣 B 公告编号：2025-048 山东晨 ...

Market Overview - The A-share market showed strong performance with the Shanghai Composite Index steadily rising, while the Hong Kong stock market experienced a narrow fluctuation, closing up by 0.03% [1] - Concerns in the market are heightened due to the U.S. President Trump's shortened ultimatum for sanctions against Russia, now set at 10 days, with potential impacts on India and other countries [1] - The U.S. is also set to impose significant tariffs on semiconductor chips and pharmaceuticals, with drug tariffs reaching as high as 250% [1] Company Developments - Jingtai Technology announced a pipeline cooperation agreement with DoveTree worth approximately HKD 470 billion (USD 59.9 billion), leading to a stock surge of over 12% [2] - A-share company Weixin New Materials faced regulatory scrutiny after a stock price surge related to the "embodied intelligent robot" concept and control change expectations [2] - The Shanghai government released a plan for the development of the embodied intelligence industry, aiming for breakthroughs in core algorithms and technologies by 2027 [2] Industry Trends - The 2025 World Robot Conference is set to showcase over 100 new products, nearly double from last year, indicating a growing interest in robotics [3] - The U.S. student loan delinquency rate has reached 12.9%, the highest in 21 years, which may influence Federal Reserve decisions on interest rates [3] - The steel and paper industries are experiencing positive momentum, with companies like Maanshan Steel and Nine Dragons Paper seeing significant stock price increases [3] Defense Sector Insights - The military industry is gaining traction with significant contracts, such as the sale of the Hongqi-9 air defense system and the export of submarines to Pakistan [4] - China Shipbuilding Defense announced a profit increase of 213.25% to 267.73% for the first half of the year, leading to a stock rise of nearly 8% [4] Consumer Market Activity - The new consumption sector is becoming active, with companies like Pop Mart seeing increased attention at recent toy exhibitions [5] - The liquor industry is also responding to market trends, with new product launches and stock price increases [5] Aviation Sector Developments - Cathay Pacific announced an $8.1 billion order for 14 Boeing 777-9 aircraft, marking its first deal with Boeing in 12 years, despite concerns over the safety record of Boeing aircraft [7] - The long delivery timeline for the 777-9 model raises potential issues regarding aircraft aging and maintenance [7] Energy Sector Updates - The State Grid reported record electricity usage due to high temperatures, with peak load reaching 1.233 billion kilowatts, an increase of 53 million kilowatts from last year [8] - Coal prices have risen significantly, impacting the steel industry, which is maintaining high production levels [8] Automotive Sector Performance - XPeng Motors reported a record monthly delivery of 36,717 vehicles in July, a year-on-year increase of 229.4% [10] - The company is expanding its presence in Europe, with significant sales growth and new model launches [11][12]

证券代码： 000488 200488 证券简称：ST 晨鸣 ST 晨鸣 B 公告编号：2025-048 山东晨鸣纸业集团股份有限公司 关于公司股价异动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、股票交易异常波动的情况 山东晨鸣纸业集团股份有限公司（以下简称"公司"）B 股股票（股票代码：200488， 股票简称：ST 晨鸣 B）交易价格于 2025 年 8 月 4 日、2025 年 8 月 5 日、2025 年 8 月 6 日连续三个交易日收盘价格跌幅偏离值累计超过 12%，根据《深圳证券交易所股票交易 规则》的有关规定，属于股票交易异常波动的情况。 四、风险提示 1、经自查，公司不存在违反信息公平披露的情形。 2、公司于 2025 年 7 月 15 日在巨潮资讯网（www.cninfo.com.cn）披露了《2025 半 年度业绩预告》（公告编号：2025-047），于 2025 年 7 月 14 日在香港联交所网站 3、截至本公告披露日，专项用于复工复产的 23.1 亿元银团贷款已经完成审批，正 在落实提款条件、签署贷款协议等，公司将根据 ...

Market Overview - The Hong Kong stock market showed mixed performance with the Hang Seng Index closing at 24,910.63 points, up 0.03% or 8.1 points, with a total turnover of HKD 215.235 billion [1] - The Hang Seng China Enterprises Index fell by 0.21% to 8,932.68 points, while the Hang Seng Tech Index rose by 0.2% to 5,532.17 points [1] - ZheShang International noted that the market fundamentals remain weak, with a cautious outlook on short-term sentiment [1] Blue Chip Performance - BYD Electronics (00285) led blue-chip stocks, rising 6.72% to HKD 37.8, contributing 3.01 points to the Hang Seng Index [2] - Other notable performers included SMIC (00981) up 3.14% and China Shenhua (01088) up 2.99%, while Li Auto-W (02015) fell 5.35% [2] Sector Highlights - Large tech stocks showed mixed results, with Tencent up 1.7% and Alibaba up 0.6%, while Xiaomi fell 0.55% [3] - The "anti-involution" theme gained traction, with paper, coal, and steel stocks generally rising, including a notable increase of over 10% for Nine Dragons Paper [3][4] - New consumption concepts performed well, with Pop Mart (09992) rising 7.87% and Shangmei (02145) up 7.34% [3] Robotics Sector - The robotics sector saw significant gains, with companies like Geekplus (02590) rising 5.68% and MicroPort (02252) up 4.07% [5] - Recent product launches and government initiatives in Shanghai are expected to accelerate the development of the robotics industry [6] Notable Stock Movements - Times Angel (06699) surged 18.29% after announcing a positive earnings forecast for the first half of 2025, expecting a net profit increase of approximately 538.1% to 604.8% [7] - Crystal Technology (02228) rose 12.42% following a significant partnership agreement worth approximately HKD 470 billion [8] - China Shipbuilding Defense (00317) increased by 7.75% due to optimistic profit forecasts based on seasonal factors in the shipbuilding industry [9] - Zhenjiu Lidu (06979) saw a strong performance despite a projected revenue decline, rising 7.89% [10] - Cathay Pacific (00293) fell 9.66% after reporting mid-year earnings that did not meet market expectations [11]

智通财经APP获悉，截止8月6日收盘，东北电气(00042)、弘业期货(03678)、安德利果汁(02218)分列AH 溢价率前三位，溢价率分别为847.37%、230.56%、207.56%；宁德时代(03750)、恒瑞医药(01276)、药 明康德(02359)分列AH溢价率末三位，溢价率分别为-22.99%、-7.83%、7.16%。其中安德利果汁 (02218)、金力永磁(06680)、农业银行(01288)的偏离值位居前三，分别为26.19%、18.37%、14.05%；另 外，比亚迪股份(01211)、晨鸣纸业(01812)、东北电气(00042)的偏离值位居后三，分别 为-192.75%、-57.57%、-50.52%。 前十大AH股溢价率排行 | 钧达股份(02865) | | | | | | --- | --- | --- | --- | --- | | 山东墨龙(00568) | 4.540 | 6.59 | 73.79% | 7.87% | | 邮储银行(01658) | 5.560 | 5.9 | 27.16% | 7.75% | | 东江环保(00895) | 2.660 | 4.7 ...

港股纸业股继续强势上涨行情，其中，玖龙纸业、晨鸣纸业均涨超7%，均刷新阶段新高，理文造纸涨 超3%，阳光纸业跟涨。 | 代码 | 名称 | 最新价 涨跌幅 v | | --- | --- | --- | | 02689 | 玖龙纸业 | 4.990 7.31% | | 01812 | 昌鸣纸业 | 1.000 7.53% | | 02314 理文造纸 | | 2.850 3.26% | | 02002 | 阳光纸业 | 1.990 0.51% | v责任编辑：栎树 消息上，据悉，进入8月，造纸行业便迎来一轮涨价潮。玖龙纸业、理文造纸、山鹰国际等龙头企业近 日相继发布涨价函，宣布自8月1日起上调多款产品价格。这已是7月以来包装纸行业发起的第四轮涨 价，显示出行业调价频率明显加快。 日前，广东省造纸行业协会发布《关于推动广东省造纸行业"反内卷"促进行业高质量发展的倡议书》。 浙商证券认为，造纸行业作为产能供需失衡、盈利底部区间的周期行业，有望受益于"反内卷"。 ...

Group 1 - The paper industry in Hong Kong is experiencing a strong upward trend, with companies like Nine Dragons Paper and Chenming Paper seeing increases of over 7%, reaching new highs [1] - A price increase wave has begun in the paper industry since August, with leading companies such as Nine Dragons Paper, Lee & Man Paper, and Shanying International announcing price hikes effective from August 1 [1] - This marks the fourth round of price increases in the packaging paper sector since July, indicating a significant acceleration in the frequency of industry price adjustments [1] Group 2 - The Guangdong Provincial Paper Industry Association has issued a proposal to promote high-quality development in the paper industry, advocating for a "de-involution" approach [1] - According to Zheshang Securities, the paper industry, characterized by an imbalance in supply and demand and operating at a profit bottom, is expected to benefit from the "de-involution" initiative [1]