智通财经APP讯，阳光纸业(02002)公布，于2025年11月18日，世纪阳光(公司的附属公司，作为委托方 及贷款人)与(i)贷款银行(作为受委托方);及(ii)齐城智慧(作为借款人)订立委托贷款协议I，将向借款人提 供5000万元的贷款。 ...

阳光纸业(02002)公布，于2025年11月18日，世纪阳光(公司的附属公司，作为委托方及贷款人)与(i)贷款 银行(作为受委托方);及(ii)齐城智慧(作为借款人)订立委托贷款协议I，将向借款人提供5000万元的贷 款。 ...

CHINA SUNSHINE PAPER HOLDINGS COMPANY LIMITED 中國陽光紙業控股有限公司 * 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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：2002） 有關提供財務資助之須予披露交易 委託貸款協議I 於二零二五年十一月十八日（交易時段後），世紀陽光（本公司的附屬公司，作為 委託方及貸款人）與(i)貸款銀行（作為受委託方）；及(ii)齊城智慧（作為借款人）訂 立委託貸款協議I。 上市規則之涵義 由於於12個月期間，委託貸款協議I及二零二四年委託貸款協議乃與相同訂約方 訂立，故委託貸款協議I及二零二四年委託貸款協議項下擬進行交易須根據上市 規則第14.22及14.23條合併計算。由於有關該等協議的一項或多項適用百分比率 （定義見上市規則）按合併基準計算超過5%但低於25%，故委託貸款協議I項下擬 進行交易構成本公司的一項須予披露交易，並須遵守上市規則項下的申報及公告 規定。 – 1 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國陽光紙業控股有限公司 呈交日期: 2025年11月7日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02002 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | 本月底法定/ ...

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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 中國陽光紙業控股有限公司 * （於開曼群島註冊成立的有限公司） （股份代號：2002） 持續關連交易 前框架協議的補充協議 緒言 茲提述本公司日期為二零二四年一月二日的公佈及本公司日期為二零二四年二月 十九日的通函，內容有關（其中包括）：(i)遠博紙業與廈門建發訂立的前採購框架 協議，期限由其生效日期起至二零二六年十二月三十一日止，據此，遠博紙業集 團同意自廈門建發集團採購木漿材料及包裝紙產品（廈門建發集團為主要分銷 商）；及(ii)世紀陽光與廈門建發訂立的前銷售框架協議，期限由其生效日期起至 二零二六年十二月三十一日止，據此，世紀陽光集團同意向廈門建發集團出售世 紀陽光集團生產的包裝紙產品。 補充協議 於二零二五年十月二十四日（交易時段後），遠博紙業與廈門建發訂立補充採購框 架協議，據此，前採購框架協議的條款應修訂如下：(i)遠博紙業集團的任何成員 公司可與廈門建發集團的任何成員公司下達個別訂單或訂立個 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國陽光紙業控股有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02002 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | 本月底法定/註冊股本總額： HKD 200,000 ...

Core Viewpoint - Sunshine Paper Industry (02002) reported a decline in revenue and net profit for the first half of 2025, attributed to intensified competition and industry challenges [1][2]. Financial Performance - The company achieved operating revenue of 3.573 billion yuan, a year-on-year decrease of 9.71% from 3.96 billion yuan [1][3]. - The net profit attributable to shareholders was 83.184 million yuan, down 56.09% from 189.44 million yuan in the same period last year [1][3]. - Basic earnings per share were 0.08 yuan, with an average return on equity of 1.71%, a decrease of 2.34 percentage points year-on-year [1][12]. Sales Volume and Product Segmentation - The sales volume of machine-made paper reached 967,000 tons, a decline of 4.73% from 1.015 million tons in the previous year [1]. - The sales and gross margin of various product segments showed mixed results, with white face cardboard sales at 671.5 million yuan and a gross margin of 17.0% [3]. Inventory and Financing - The inventory turnover rate decreased from 5.3 times to 5.08 times, indicating a slight decline but still maintaining a relatively good level in the industry [2]. - The proportion of financing costs to revenue decreased from 2.2% to 1.7%, reflecting a significant reduction in financing costs [2]. Asset and Liability Changes - Accounts receivable increased by 51.47%, and cash and cash equivalents decreased by 4.81%, impacting the total asset structure [14]. - Short-term borrowings increased by 13.84%, and long-term borrowings rose by 15.3%, indicating a rise in the company's leverage [16]. Strategic Partnerships - The report did not provide updates on the collaboration with Jianfa Pulp and Paper, although Jianfa remains the second-largest shareholder with a 15.21% stake [2].

Financial Performance - In the first half of 2025, the company achieved total revenue of RMB 3,752.5 million, a decrease of 9.7% compared to RMB 3,956.6 million in the same period of 2024[15] - The sales volume of paper products decreased by 9.8% to approximately 966,600 tons, down from approximately 1,014,600 tons in the first half of 2024[15] - The company reported a profit attributable to owners of RMB 83.18 million, a significant decline of 56.1% from RMB 189.44 million in the same period last year[12] - Gross profit decreased from RMB 566.4 million in the first half of 2024 to RMB 538.6 million in the first half of 2025, while the gross margin increased from 14.3% to 15.1%[18] - The net loss for the first half of 2025 was RMB 5.6 million, compared to a net profit of RMB 42.7 million in the first half of 2024[20] - Other income in the first half of 2025 was RMB 80.3 million, down from RMB 173.2 million in the first half of 2024[19] - The company reported a net current liability of approximately RMB 409,631,000 as of June 30, 2025, but expects to meet its financial obligations due to strong banking relationships[75] - The company reported a net cash outflow from investing activities of RMB 271,725 thousand, compared to RMB 110,548 thousand in the previous year, indicating increased investment expenditures[72] Cost Management - The financing cost as a percentage of revenue decreased from 2.2% in the previous year to 1.7% in the current period, reflecting effective cost management strategies[12] - Financing costs decreased by 31.6% to RMB 60.7 million in the first half of 2025 from RMB 88.7 million in the first half of 2024[21] - Sales cost for the first half of 2025 was RMB 3,033.9 million, a reduction of 10.5% compared to RMB 3,390.2 million in the first half of 2024[17] Liquidity and Financial Health - The company's liquidity ratio improved from 0.88 at the end of 2024 to 0.93 in the current period, indicating better short-term financial health[12] - The current ratio improved from 0.88 times at the end of 2024 to 0.93 times at the end of June 2025[29] - The company anticipates sufficient working capital to meet its financial responsibilities in the foreseeable future, supported by existing bank financing and internal financial resources[75] Acquisition and Expansion - The company completed the acquisition of 40% equity in Sunshine Prince, making it a wholly-owned subsidiary, which is expected to enhance management efficiency[13] - The acquisition of Sunshine Prince is expected to strengthen the group's position in the specialty paper market and enhance competitiveness[110] - If the acquisition had occurred on January 1, 2025, the group's revenue for the six months ending June 30, 2025, would have increased by RMB 374,120,000, while profit would have decreased by RMB 15,066,000[113] Employee and Management Costs - The group had approximately 4,400 employees as of June 30, 2025, with employee costs amounting to RMB 266.6 million, an increase from RMB 233.6 million in the same period of 2024[41] - The company’s management compensation for the six months ended June 30, 2025, totaled RMB 6,083,000, which is a significant increase of 126.5% from RMB 2,693,000 in the same period of 2024[29] Shareholder and Corporate Governance - The board has decided not to declare an interim dividend for the first half of 2025, consistent with the decision made in the first half of 2024[42] - The board believes that sound corporate governance practices are essential for enhancing and protecting shareholder interests[38] - Major shareholder China Sunrise holds 321,687,052 shares, representing 30.20% of the company[50] Market Conditions - The overall profit of the paper and paper products industry decreased by 21.4% to RMB 17.57 billion in the first half of 2025, highlighting the challenging market conditions[10] - The company plans to focus on high-quality packaging paper products and expand into the specialty paper market to meet diverse customer needs[13] Financial Position - Total assets less current liabilities amounted to RMB 7,250,134 thousand, an increase from RMB 6,928,844 thousand as of December 31, 2024[69] - The total equity attributable to owners of the company was RMB 4,937,590 thousand, an increase from RMB 4,852,828 thousand[69] - The company’s cash and cash equivalents stood at RMB 1,085,422 thousand, a slight decrease from RMB 1,135,383 thousand[67] Share Award Schemes - The 2017 Share Award Scheme was adopted on June 27, 2017, to incentivize eligible participants and promote the company's future development[53] - The total number of shares available for grant under the 2017 Share Award Scheme as of January 1, 2025, and June 30, 2025, is 63,484,800 shares, representing approximately 5.96% of the issued shares as of the report date[57] - The 2023 Share Option Scheme was adopted on May 31, 2023, and is effective for ten years, aimed at rewarding and retaining eligible participants[58] Investment and Capital Expenditures - Capital expenditures in the first half of 2025 amounted to approximately RMB 429.9 million, primarily for new production line equipment and land acquisition[31] - The company has a capital commitment of RMB 235,171,000 for property, plant, and equipment, which is an increase of 2.5% from RMB 230,111,000 as of December 31, 2024[22]

致：香港交易及結算所有限公司 公司名稱: 中國陽光紙業控股有限公司 呈交日期: 2025年9月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02002 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | 本月底法定/註冊股本總額： HKD 200,000,000 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月 ...

Group 1 - Yangguang Paper (02002) announced the resignation of Ms. Jiao Jie as an independent non-executive director, chairman of the nomination committee, member of the audit committee, and member of the remuneration committee, effective from August 29, 2025 [1] - Mr. Sun Junchen has been appointed as the independent non-executive director, chairman of the nomination committee, member of the audit committee, and member of the remuneration committee, effective from August 29, 2025 [1]