专利摘要显示，本实用新型提供一种车间余热回收利用装置，属于能源回收技术领域，该车间余热回收 利用装置包括通风管道；T型槽，T型槽开设于通风管道的下内壁；T型滑块，T型滑块滑动连接于T型 槽内；吸热风扇，吸热风扇固定连接于T型滑块的上端；本装置通过螺杆螺纹连接于吸热风扇内可以使 吸热风扇更加方便拆卸除尘，减少了风扇因为灰尘堆积造成吸热风扇工作效率低的问题，并且更加节 能。 天眼查资料显示，玖龙纸业（沈阳）有限公司，成立于2010年，位于沈阳市，是一家以从事造纸和纸制 品业为主的企业。企业注册资本51805.7万美元。通过天眼查大数据分析，玖龙纸业（沈阳）有限公司 参与招投标项目57次，专利信息95条，此外企业还拥有行政许可251个。 作者：情报员 金融界2025年8月25日消息，国家知识产权局信息显示，玖龙纸业（沈阳）有限公司取得一项名为"一种 车间余热回收利用装置"的专利，授权公告号CN223258331U，申请日期为2024年10月。 本文源自：金融界 ...

Investment Rating - The report maintains an "Outperform" rating for the industry [3] Core Insights - The report highlights that major companies in the home furnishing sector, such as Gujia Home and Xilinmen, have reported Q2 results that slightly exceed market expectations, indicating a potential recovery in market sentiment towards home furnishing valuations [2][5] - The packaging paper prices have shown a slight recovery since August, with the upcoming peak season expected to boost demand for recycled paper [2][5] - The electronic cigarette sector, particularly companies like Smoore International, is benefiting from stricter regulations in the US and a recovery in Europe, leading to stable revenue and profit growth [2][5] Summary by Sections Home Furnishing - Gujia Home reported a Q2 revenue increase of 7.2% year-on-year and a net profit increase of 5.4%, with a 50%+ growth in functional product retail for H1 [5] - Xilinmen's Q2 revenue grew by 4.3% year-on-year, with a net profit increase of 22.4% [5] - The report suggests that many home furnishing companies are currently valued at historical lows, presenting an opportunity for valuation recovery [5] Paper and Packaging - As of August 22, 2025, the prices for various paper types are as follows: double glue paper at 4925 CNY/ton (-25 CNY), copper plate paper at 5110 CNY/ton (-40 CNY), and box board paper at 3484.2 CNY/ton (+29.2 CNY) [5][51] - Nine Dragons Paper is expected to report a profit of approximately 2.1 to 2.3 billion CNY for FY2025, a year-on-year increase of 165% to 190% [5][5] - The report emphasizes the importance of companies with well-structured capacity and sufficient fiber supply, such as Nine Dragons Paper and Shanying International [5] Consumer Goods - The report notes that Steady Medical achieved a revenue of 5.3 billion CNY in H1 2025, a year-on-year increase of 31.3%, with a net profit of 490 million CNY, up 28.1% [7] - The consumer goods sector is seeing strong growth in high-end medical supplies and personal care products [7] Export Chain - Home Depot reported Q2 2025 revenue of 45.3 billion USD, a nearly 5% year-on-year increase, slightly below market expectations [5] - The report indicates a positive trend in large orders, with transactions over 1000 USD increasing by 2.6% year-on-year [5] New Tobacco Products - Smoore International's H1 revenue reached 6 billion CNY, a year-on-year increase of 18.3%, with a focus on ODM and proprietary brand businesses [5][9] - The report suggests that the new tobacco product market is expected to grow as international tobacco companies launch HNB products [9]

格隆汇8月22日丨玖龙纸业(02689.HK)发布公告，刘晋嵩为投入时间于其他工作及个人事务而辞任执行 董事一职，自2025年8月22日生效。 ...

智通财经APP讯，玖龙纸业(02689)公布，刘晋嵩先生为投入时间于其他工作及个人事务而辞任执行董事 一职，自2025年8月22日生效。 ...

（於百慕達註冊成立的有限公司） (股份代號: 2689) 董事名單與其角色和職能 玖龍紙業(控股)有限公司(「本公司」)董事會(「董事會」)之成員載列如下:- （於百慕達註冊成立的有限公司） | 董事委員會 | | | | | | | --- | --- | --- | --- | --- | --- | | | 審核委員會 | 薪酬委員會 | 提名委員會 | 企業管治委員會 | 執行委員會 | | 董事 | | | | | | | 張茵女士 | | | C | M | C | | 劉名中先生 | | M | | | M | | 張成飛先生 | | M | M | M | M | | Ken Liu先生 | | | | | M | | 林耀堅先生 | C | M | M | M | | | 陳曼琪女士 | M | C | M | M | | | 李惠群博士 | M | M | M | C | | | 曹振雷博士 | M | | | | | 執行董事 | 張茵女士 太平紳士 | （董事長） | | --- | --- | | 劉名中先生 | （副董事長兼行政總裁） | | 張成飛先生 | （副董事長兼副行政總裁 ...

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。 （於百慕達註冊成立的有限公司） （股份代號：2689） 承董事會命 玖龍紙業（控股）有限公司 董事長 張茵 香港，二零二五年八月二十二日 於本公告刊發日期，本公司董事會由六名執行董事張茵女士、劉名中先生、張成飛先 生、Ken Liu先生、張連鵬先生及張連茹女士；以及四名獨立非執行董事林耀堅先生、 陳曼琪女士、李惠群博士及曹振雷博士組成。 *僅供識別 執行董事辭任 玖龍紙業（控股）有限公司（「本公司」，連同其子公司「本集團」）董事會（「董事 會」）宣佈，劉晉嵩先生（「劉先生」））為投入時間於其他工作及個人事務而辭任執行 董事一職，自二零二五年八月二十二日生效。 劉先生已確認彼與董事會並無意見分歧，且概無有關其辭任的事宜需本公司股東或香港聯 合交易所有限公司垂注。 董事會謹此對劉先生於其任期內對本公司作出的寶貴貢獻致以衷心謝意。 ...

Report Summary 1. Investment Rating The provided content does not mention the industry investment rating. 2. Core View The paper pulp market is under pressure as it has not emerged from the off - season of demand, and the processing profit of paper mills has not improved significantly. Although there are some changes in supply and demand data, the overall market situation remains challenging [8]. 3. Summary by Directory 3.1. Market Review and Operation Suggestions - **Futures Contracts**: The previous settlement price of the 01 contract of pulp futures was 5384 yuan/ton, and the closing price was 5392 yuan/ton, a rise of 0.15%. The SP2509 contract decreased by 0.12%, while the SP2605 contract rose by 0.11% [7]. - **Spot Market**: The intended transaction price range of softwood pulp in the Shandong wood pulp market was 5100 - 6700 yuan/ton, with the low - end price rising by 50 yuan/ton compared to the previous trading day. The price of Shandong Yinxing was 5800 yuan/ton [7]. - **Supply and Demand Data**: In June, the chemical pulp shipments of the world's 20 major pulp - producing countries increased by 4.7% year - on - year, with softwood pulp decreasing by 2.4% and hardwood pulp increasing by 10.1%. In July 2025, the European wood pulp inventory was 683,200 tons, a month - on - month decrease of 0.3% and a year - on - year increase of 8.7%. The European wood pulp consumption was 814,200 tons, a month - on - month increase of 6.8% and a year - on - year decrease of 2.1%. China's pulp imports in July were 2.877 million tons, a month - on - month decrease of 5.1% and a year - on - year increase of 23.7%. As of August 21, 2025, the weekly pulp inventory in major regions and ports decreased by 1.59% month - on - month [8]. 3.2. Industry News Jiulong Paper expects its annual profit for the period ending June 30, 2025, to be between 2.1 billion and 2.3 billion yuan, a growth of 165% - 190% compared to last year's 794 million yuan. The profit growth is mainly due to increased sales volume and a significant decrease in raw material costs compared to product prices. The expected profit attributable to equity holders is between 1.7 billion and 1.9 billion yuan, an increase of 126% - 153% compared to last year's 751 million yuan. The final performance announcement is expected to be released before the end of September 2025 [9]. 3.3. Data Overview The content also includes multiple data charts such as import softwood pulp spot prices, pulp futures prices, pulp spot - futures price differences, and inventory data from different regions, but specific data summaries are not provided in the text [15][23][25][29].

关注要点 FY25 产销量延续小幅增长，产品结构趋于高端化。我们估计FY25 公司造纸销量2,100 万吨+，同比 +10%，过去玖龙专注箱瓦纸，2024 年市占率近30%，近几年公司战略重心为：扩浆纸品类+强化原料 布局，产业链一体化增厚超额利润。据公司公告，FY22-25 公司核心聚焦广西+湖北新基地，扩产重心 在纸浆、及配套造纸，FY25 公司投产120 万吨白卡纸、60 万吨文化纸，175 万吨化学浆、60 万吨化机 浆，截至FY25，我们估算公司造纸、纸浆（含再生浆）产能超2,300 万吨、500 万吨，对应2021-25 年 产能增速CAGR在8%、30%+。往前看，公司1HFY26 仍有120 万吨白卡纸、70万吨文化纸、70 万吨化 机浆拟投放，至2025 年末公司纸+浆产能突破3,000 万吨， 我们估计FY26 公司销量延续小幅增长，产 品结构继续优化。 业绩超预期核心在成本下滑。上半年板块供需双弱，各板块均价延续下跌趋势，据RISI，1-6M25 箱板 纸、双胶纸、白卡纸同比-4%、-9%、-7%至3,965 元/吨、5,695 元/吨、4,560 元/吨，我们认为玖龙业绩 超预期核心在 ...

Core Viewpoint - The article discusses the challenges and regulatory issues surrounding the import of recycled paper pulp in China, particularly after the ban on solid waste imports, highlighting the environmental risks and the need for stricter standards and oversight [3][4][11]. Group 1: Import Ban and Industry Response - Since January 1, 2021, China has banned the import of solid waste, including waste paper, leading to a significant shift in the sourcing of raw materials for the paper industry [3][4]. - Major paper companies like Nine Dragons Paper, Shanying International, and Sun Paper have begun investing in overseas recycled pulp projects to adapt to the new regulations [4][11]. - The import volume of recycled paper pulp surged from 300,000 tons in 2018 to 3.36 million tons in 2022, an increase of 11 times [4]. Group 2: Quality and Environmental Concerns - There are significant quality differences among various types of recycled paper pulp, such as roll pulp, wet pulp, and dry ground pulp, which affect their environmental impact and processing costs [5][9]. - Dry ground pulp, which skips many conventional processing steps, often contains high levels of impurities and poses health risks due to the presence of bacteria and other contaminants [9][12]. - A study showed that untreated waste paper samples contained up to 150,000 bacteria per gram, highlighting the potential health hazards associated with imported recycled pulp [13]. Group 3: Regulatory Standards and Recommendations - A new national standard for recycled paper pulp was released in November 2023, aiming to set technical requirements and prevent the entry of "foreign garbage" [11][12]. - The standard is currently recommended rather than mandatory, leading to concerns about compliance and the quality of imported materials [11][12]. - Experts suggest that stricter regulations should be enforced, including mandatory inspections of all products declared as recycled paper pulp and the establishment of a blacklist for non-compliant exporters [19][21]. Group 4: Industry Support and Future Directions - There is a call for increased support for domestic paper companies, particularly those investing in overseas pulp production, to enhance their technological capabilities and ensure quality [19][21]. - The industry is encouraged to adopt innovative technologies to improve the quality of recycled pulp and reduce environmental impacts [19][21]. - The article emphasizes the need for a comprehensive regulatory framework to ensure that the import of recycled paper pulp aligns with environmental standards and public health safety [19][21].

（原标题：禁废5年，"再生纸浆"三大问题浮出水面｜一线调研） 自2021年1月1日起，我国全面禁止进口固体废物，其中就包括多年来进口量较大的废纸。 于是，进口再生纸浆开始进入造纸企业与海外废纸供应商的视野。但随着竞争的加剧和生产成本的加 大，泥沙俱下，国内一些造纸企业借再生纸浆之名，跳过常规制浆工艺，直接将废纸原料打碎后包装进 口，带来环境隐患。 公开资料显示，2021年以来，全国已发生多起海关查验出疑似以再生纸浆名义进口固体废物并退运的案 例。业内人士呼吁，加强对进口再生纸浆监管，提升进口干法制造再生纸浆标准，并加强对造纸企业海 外建厂的指导和支持。 一些企业在海外生产再生纸浆 8月中旬的一天，第一财经记者在某造纸企业采访时，工作人员拿出3袋再生纸浆样品。第一袋纤维损伤 小、完整度高；第二袋废纸碎片形状大小不一，并且含有废塑料片和生活垃圾；第三袋是被海关退运的 样品。"据检测，第三袋样品杂质超标，含有不明细菌，无法改变其'固废'的真实身份。"工作人员说。 近年来，进口废纸在中国造纸原料结构中占据重要地位，曾是国内包装用纸生产企业获取优质再生纤维 原料的主要途径。而全面禁止进口固体废物后，阻断了造纸企业获取进 ...