二、董事会会议审议情况 （一）审议通过《2025 年第一季度报告》 证券代码：600103 证券简称：青山纸业 公告编号：临 2025-019 福建省青山纸业股份有限公司 十届二十三次董事会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 福建省青山纸业股份有限公司（以下简称"公司"）十届二十三次董事会会 议于 2025 年 4 月 21 日发出通知，并于 2025 年 4 月 25 日以通讯方式召开。本次 会议应参加董事 11 人，实际参加董事 11 人，公司 5 名监事及高级管理人员列席 了本次会议，会议由公司董事长林小河先生主持，符合《公司法》及《公司章程》 的有关规定。 公司 2025 年第一季度报告在提交董事会前已经审计委员会审议表决并以 5 票全票通过。 审计委员会认为：公司 2025 年第一季度会计报表如实反映了公司的财务状 况、经营成果及现金流量，公司第一季度会计报表符合企业会计准则及公司有关 会计政策要求，能如实反映公司 2025 年第一季度生产经营状况，财务数据准确 无误，不 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 627,288,437.05, a decrease of 5.93% compared to CNY 666,845,843.31 in the same period last year[4]. - Net profit attributable to shareholders increased by 41.63% to CNY 30,686,917.75 from CNY 21,667,479.93 year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 47.33% to CNY 21,397,477.34 compared to CNY 14,523,097.63 in the previous year[4]. - Basic earnings per share increased by 41.84% to CNY 0.0139 from CNY 0.0098 year-on-year[4]. - Total revenue for Q1 2025 was CNY 627.29 million, a decrease of 5.9% compared to CNY 666.85 million in Q1 2024[22]. - Net profit for Q1 2025 reached CNY 35.40 million, an increase of 39.1% from CNY 25.45 million in Q1 2024[23]. - Operating profit for Q1 2025 was CNY 44.05 million, up 51.7% from CNY 29.05 million in Q1 2024[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,228,053,681.33, a decrease of 2.22% from CNY 6,369,720,116.09 at the end of the previous year[5]. - The total assets as of March 31, 2025, were CNY 5,168,955,757.41, a decrease from CNY 5,367,934,749.97 at the end of 2024[30]. - Total liabilities decreased to CNY 1.89 billion in Q1 2025 from CNY 2.06 billion in Q1 2024[19]. - Total liabilities decreased to CNY 1,645,615,046.63 as of March 31, 2025, from CNY 1,870,119,334.89 at the end of 2024[31]. - Shareholders' equity increased to CNY 4.34 billion in Q1 2025 from CNY 4.31 billion in Q1 2024[19]. Cash Flow - The net cash flow from operating activities improved by 8.45%, reaching -CNY 20,106,352.46 compared to -CNY 21,961,212.73 in the same period last year[4]. - Cash inflow from operating activities for Q1 2025 was CNY 557,458,128.89, an increase from CNY 539,624,734.60 in Q1 2024, representing a growth of approximately 1.5%[26]. - Net cash flow from operating activities was negative CNY 20,106,352.46 in Q1 2025, slightly improved from negative CNY 21,961,212.73 in Q1 2024[27]. - Cash inflow from investment activities surged to CNY 1,005,080,736.34 in Q1 2025, compared to CNY 166,121,875.22 in Q1 2024, indicating a significant increase of over 505%[27]. - Cash inflow from financing activities totaled CNY 210,500,000.00 in Q1 2025, up from CNY 120,980,000.00 in Q1 2024, marking an increase of approximately 74%[27]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 101,544[9]. - The top three shareholders held a combined 26.37% of the company's shares, with the largest being Fujian Energy Group Co., Ltd. at 9.78%[9]. - The company plans to distribute a cash dividend of RMB 0.0124 per share, totaling RMB 27,039,060.56, which represents 31.90% of the net profit attributable to shareholders for the year 2024[11]. Research and Development - Research and development expenses for Q1 2025 were CNY 10.62 million, up from CNY 9.70 million in Q1 2024[23]. - The company incurred research and development expenses of ¥3.09 million in Q1 2025, slightly down from ¥3.53 million in Q1 2024[33]. Legal and Operational Issues - The company is facing a legal dispute involving its subsidiary, which is currently under review by the Fujian Provincial High Court[14]. - The company has decided to postpone the implementation of certain fundraising investment projects, specifically the water lily pharmaceutical project, while seeking to optimize the plan[12]. Other Financial Metrics - The company's goodwill decreased to RMB 7,639,511.13 from RMB 8,016,275.74, reflecting a decline of approximately 4.71%[17]. - Other comprehensive income after tax for Q1 2025 was CNY 310.20 thousand, compared to a loss of CNY 1.06 million in Q1 2024[24]. - The company's cash and cash equivalents increased to RMB 765,274,414.57 from RMB 653,602,726.44 as of December 31, 2024, reflecting a growth of approximately 17.06%[16].

Group 1 - The core point of the article is that Qingshan Paper Industry (600103) reported a revenue of 627 million yuan in the first quarter of 2025, which represents a year-on-year decrease of 5.93% [1] - The net profit for the same period was 30.69 million yuan, showing a year-on-year increase of 41.63% [1]

证券代码：600103 证券简称：青山纸业 福建省青山纸业股份有限公司 2024 年年度股东大会 会 议 资 料 2025 年 5 月 9 日 2024 年年度股东大会会议资料 | | | | 2024 | 年年度股东大会议程 2 | | | | | --- | --- | --- | --- | --- | | 2024 | 年年度股东大会会议须知 4 | | | | | 议案 | 1：2024 年度董事会工作报告 | | 6 | | | 议案 | 2：2024 年度监事会工作报告 | | 28 | | | 议案 | 3：独立董事 2024 年度述职报告（冯 玲） | 35 | | | | 议案 | 4：独立董事 2024 年度述职报告（陈亚东） | 40 | | | | 议案 | 5：独立董事 2024 年度述职报告（陈礼辉） | 45 | | | | 议案 | 6：独立董事 2024 年度述职报告（叶 莲） | 50 | | | | 议案 | 7：独立董事 2024 年度述职报告（杨守杰 离任） | | | 55 | | 议案 | 8：独立董事 2024 年度述职报告（阙友雄 离任） | | | 60 ...

Core Viewpoint - The company, Qing Shan Paper Industry, has announced its annual profit distribution plan, proposing a cash dividend of RMB 0.012 per share, which amounts to a total of RMB 27,039,060.56, representing 31.90% of the net profit attributable to shareholders for the year [4][21][23]. Company Overview - Qing Shan Paper Industry is a vertically integrated enterprise specializing in pulp and paper production, with a competitive advantage in niche markets such as cement packaging paper [6]. - The company has diversified its product structure into four main segments: traditional bamboo and wood pulp, textile-grade dissolving pulp, cement packaging paper, and new packaging paper [6]. Industry Situation - The traditional pulp market in 2024 experienced fluctuations, with prices showing a downward trend in the first half of the year, followed by a recovery due to increased demand post-Spring Festival and external disruptions [6]. - The dissolving pulp market showed strong growth in 2024, driven by increased demand from domestic textile enterprises, despite supply constraints due to international production cuts [7][8]. - The paper packaging market faced challenges due to weak demand in the construction and cement sectors, leading to intense competition and price pressures [9]. Financial Performance - For the year, the company reported a revenue of RMB 2.6 billion, a decrease of 2.71% year-on-year, and a net profit of RMB 85 million, down 30.48% from the previous year [18][19]. - The company’s profit distribution plan is subject to approval at the upcoming shareholders' meeting [5][21]. Future Outlook - The company anticipates a recovery in the pulp and paper industry in 2025, driven by stable economic growth and increasing demand for high-quality, environmentally friendly products [10]. - Plans include expanding the use of bamboo as a raw material and enhancing product offerings in high-end plant-based materials [10].

Revenue and Profit - The company's operating revenue decreased by 2.71% to approximately 2.6 billion yuan in 2024, compared to 2.67 billion yuan in the previous year, indicating insufficient growth momentum [2] - Net profit attributable to shareholders fell by 30.48% to approximately 84.75 million yuan from 121.90 million yuan in 2023, primarily due to declining sales prices of key products [3] - The net profit after excluding non-recurring items decreased by 37.69% to approximately 45.75 million yuan, reflecting significant challenges in the core business [4] Earnings Per Share - Basic earnings per share dropped by 30.85% to 0.0381 yuan, while the diluted earnings per share decreased by 38.25% to 0.0205 yuan, indicating a decline in operational efficiency and profitability [5] Expense Analysis - Total expenses for the company were approximately 254.84 million yuan, a decrease from 267.90 million yuan the previous year, although financial expenses surged significantly [6] - Sales expenses decreased by 12.67% to approximately 61.97 million yuan, suggesting improvements in sales strategy [7] - Management expenses fell by 6.65% to approximately 192.46 million yuan, reflecting effective cost control measures [8] - Financial expenses skyrocketed by 146.31% to approximately 11.46 million yuan, primarily due to increased interest expenses and reduced interest income [9] - R&D expenses decreased by 10.44% to approximately 50.35 million yuan, which may impact future innovation capabilities [11] Cash Flow - Net cash flow from operating activities decreased by 36.43% to approximately 416.73 million yuan, mainly due to increased payments for raw material purchases [12] - Net cash flow from investing activities improved, with a reduction in outflows by 42.80% to approximately -618.82 million yuan, indicating a shift in investment strategy [13] - Net cash flow from financing activities decreased significantly by 120.77% to approximately -45.78 million yuan, primarily due to reduced bank borrowings [14] Management Compensation - The chairman received a pre-tax compensation of 644,600 yuan and stock options, while the general manager received 602,300 yuan and similar stock options, indicating a link between management incentives and company performance [19][20]

兴业证券股份有限公司 关于福建省青山纸业股份有限公司 部分募集资金投资项目重新论证并暂缓实施的核查意见 兴业证券股份有限公司（以下简称"兴业证券"、"本保荐机构"）作为 福建省青山纸业股份有限公司（以下简称"青山纸业"或"公司"）2015年非 公开发行的保荐机构，根据《证券发行上市保荐业务管理办法》《上市公司监 管指引第2号——上市公司募集资金管理和使用的监管要求》《上海证券交易所 股票上市规则》以及《上海证券交易所上市公司自律监管指引第1号——规范运 作》等有关规定，经审慎尽职调查，就青山纸业部分募集资金投资项目重新论 证并暂缓实施事项发表核查意见如下： 一、募集资金基本情况 2016年，经中国证券监督管理委员会《关于核准福建省青山纸业股份有限 公司非公开发行股票的批复》（证监许可[2016]879号）核准，公司非公开发行 人民币普通股（A股）711,864,405股，发行价格为每股人民币2.95元，募集资金 总额为人民币2,099,999,994.75元，扣除各项发行费用48,238,067.30元，实际募 集资金净额为人民币2,051,761,927.45元。以上募集资金已由华兴会计师事务所 （特殊普通 ...

Grant Thornton 致同 福建省青山纸业股份有限公司 二〇二四年度 内部控制审计报告 致同会计师事务所 (特殊普通合伙) 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://zaconf.gov.cn）"进行查 "。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业 内部控制评价指引》的规定,建立健全和有效实施内部控制,并评价其有效 性是青山纸业公司董事会的责任。 二、注册会计师的责任 致同会训 骑 ! Grant Thornton 型目 内部控制审计报告 致同审字(2025)第 351A010276号 福建省青山纸业股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求, 我们审计了福建省青山纸业股份有限公司(以下简称青山纸业公司)2024年 12月 31日的财务报告内部控制的有效性。 我们的责任是在实施审计工作的基础上,对财务报告内部控制的有效性 发表审计意见,并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性,存在不能防止和发现错报的可能性。此外, 由于 ...

Grant Thornton 致同 福建省青山纸业股份有限公司 二〇二四年度 审计报告 致同会计师事务所(特殊普通合伙) 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://wc.mof.gov.co) "班任 "创作会 时间会 目 录 | 审计报告 | 1-5 | | --- | --- | | 合并资产负债表 | 1-2 | | 合并利润表 | 3 | | 合并现金流量表 | 4 | | 合并股东权益变动表 | 5-6 | | 公司资产负债表 | 7-8 | | 公司利润表 | 9 | | 公司现金流量表 | 10 | | 公司股东权益变动表 | 11-12 | | 财务报表附注 | 13-107 | Grant Thornton 华|司 审计报告 致同审字(2025)第 351A010277号 福建省青山纸业股份有限公司全体股东: 一、审计意见 我们审计了福建省青山纸业股份有限公司(以下简称青山纸业公司)财 务报表,包括 2024年 12月 31日的合并及公司资产负债表,2024年度的合并 及公司利润表、合并及公司现金流量表、合并及公司股东权益变动表以及相 关财务报表附注。 我们认为 ...

福建省青山纸业股份有限公司 独立董事 2024 年度述职报告 （独立董事 陈亚东） 2024 年，本人作为福建省青山纸业股份有限公司（以下简称"公司"）第十届 董事会的独立董事，严格按照《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司独立董事管理办法》《上海证券交易所股票上市规则》《上海证券交易 所上市公司自律监管指引第 1 号——规范运作》等法律法规以及《公司章程》《独 立董事工作制度》《独立董事专门会议制度》等要求，切实履行独立董事的职责， 维护公司及公司股东利益，尤其是中小股东的合法权益，充分发挥了独立董事的作 用。现将本人在 2024 年度履行独立董事职责的情况汇报如下： 一、独立董事的基本情况 （一）在董事会任职情况 报告期，本人担任公司第十届董事会独立董事，并担任公司第十届董事会薪酬 与考核委员会委员、提名委员会委员。 二、独立董事年度履职概况 （一）出席董事会、股东大会情况 2024 年度，公司共召开了 12 次董事会和 5 次股东大会，本人均亲自出席了所 有董事会会议，无委托其他独立董事代为出席会议的情况；共出席 3 次股东大会， 因事请假 2 次。本人出席会议情况如下： 1 （二 ...