Market Overview - The paper sector increased by 0.81% on October 23, with Songyang Resources leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Individual Stock Performance - Songyang Resources (603863) closed at 19.97, up 10.03% with a trading volume of 138,000 shares and a turnover of 267 million yuan [1] - Yibin Paper (600793) closed at 25.49, up 4.55% with a trading volume of 157,300 shares and a turnover of 396 million yuan [1] - Other notable performers include Qifeng New Materials (002521) up 2.19%, Huatai Co. (600308) up 1.61%, and Kain Co. (002012) up 1.59% [1] Capital Flow Analysis - The paper sector experienced a net outflow of 86.95 million yuan from institutional investors, while retail investors saw a net inflow of 146 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are increasing their positions [2] Detailed Capital Flow for Selected Stocks - Yibin Paper had a net inflow of 77.39 million yuan from institutional investors, but a net outflow of 36.71 million yuan from speculative funds [3] - Songyang Resources saw a net inflow of 54.72 million yuan from institutional investors, with a net outflow of 19.35 million yuan from speculative funds [3] - Other stocks like Xianhe Co. (603733) and Kain Co. (002012) also showed varied capital flows, indicating differing investor sentiments across the sector [3]

Core Viewpoint - The company held a half-year performance briefing on October 22, 2025, to communicate with investors and address their concerns regarding the company's operational performance and strategic initiatives [1][2]. Summary by Sections Meeting Overview - The performance briefing was announced on October 15, 2025, and took place on October 22, 2025, from 13:00 to 14:00 at the Shanghai Stock Exchange Roadshow Center [1][2]. Key Investor Questions and Company Responses - **Trade War Mitigation**: The company addressed how it is managing uncertainties related to trade wars, referring investors to the "Management Discussion and Analysis" section of its periodic reports for detailed measures [3]. - **Subsidiary Supply Chain**: The subsidiary, Hengbao Tong Malaysia, has been supplying products to FABRINET, indicating ongoing collaboration [3]. - **800G Optical Module Development**: The 800G optical module is currently in the sample testing phase, with no involvement in the development of 1.6T optical modules at this time [3]. - **Investor Communication Concerns**: The company acknowledged delays in responding to investor inquiries on the Shanghai Stock Exchange interaction platform and committed to improving communication [4][5]. - **Major Shareholder's Share Reduction**: The company confirmed that the recent share reduction by a major shareholder was compliant with regulations and did not involve any illegal actions [5]. - **Special Food Production Line Profitability**: The special food production line under subsidiary Water Fairy Pharmaceutical is progressing slowly due to multiple factors, with further details available in periodic reports [5]. Additional Information - Investors can access detailed information about the performance briefing through the Shanghai Stock Exchange Roadshow Center and the company's designated disclosure media [3]. - The company expressed gratitude to investors for their support and suggestions during the briefing [6].

Core Viewpoint - The company announced that it will hold a semi-annual performance briefing on October 22, 2025, to address investor concerns [1] Group 1 - The subsidiary Shenzhen Hengbao Tongguang Electronics Co., Ltd. is currently in the sample trial stage for its 800G optical module [1] - The subsidiary has not yet engaged in the research and development of 1.6T optical modules [1]

证券代码：600103 证券简称：青山纸业 公告编号：2025-046 福建省青山纸业股份有限公司 关于 2025 年半年度业绩说明会召开情况的公告 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。 为便于广大投资者更全面深入地了解公司经营业绩等具体情况， 福建省青山纸业股份有限公司(以下简称公司)于 2025 年 10 月 22 日 13:00-14:00 在 上 海 证 券 交 易 所 上 证 路 演 中 心 (roadshow.sseinfo.com)通过网络文字互动方式召开 2025 年半年度 业绩说明会，与投资者进行沟通和交流，广泛听取投资者的意见与建 议，并在信息披露允许的范围内就投资者普遍关注的问题进行了回答。 现将本次说明会的召开情况公告如下： 一、本次说明会召开情况 2025年10月15日，公司在上海证券交易所网站(www.sse.com.cn) 披露了《福建省青山纸业股份有限公司关于召开 2025 年半年度业绩 说明会的公告》(公告编号：2025-043)，并通过上证路演中心网站的 "提问预征集"栏目和公司 ...

Core Viewpoint - Qingshan Paper Industry announced during the 2025 semi-annual performance briefing that its subsidiary, Shenzhen Hengbao Tongguang Electronics Co., Ltd., is currently in the sample trial stage for the 800G optical module, and the subsidiary has not yet engaged in the research and development of the 1.6T optical module [1] Summary by Categories - **Company Development** - The subsidiary is in the sample trial phase for the 800G optical module [1] - There is no involvement in the research and development of the 1.6T optical module at this time [1]

Market Overview - The paper sector experienced a slight decline of 0.08% on October 22, with Songyang Resources leading the drop [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - Notable gainers in the paper sector included: - Minshida (code: 920394) with a closing price of 41.17, up 4.49% on a trading volume of 19,800 lots and a turnover of 79.84 million [1] - ST Chenming (code: 000488) closed at 2.14, up 2.88% with a trading volume of 354,700 lots and a turnover of 76.16 million [1] - Major decliners included: - Songwu Resources (code: 603863) with a closing price of 18.15, down 2.47% on a trading volume of 69,500 lots and a turnover of 127 million [2] - Qingshan Paper (code: 600103) closed at 3.70, down 0.80% with a trading volume of 2,255,100 lots and a turnover of 838 million [2] Capital Flow - The paper sector saw a net outflow of 168 million from institutional investors, while retail investors had a net inflow of 199 million [2] - Key stocks with significant capital flow included: - ST Chenming with a net inflow of 11.07 million from institutional investors, but a net outflow of 789.55 million from retail investors [3] - Xianhe Co. (code: 603733) had a net inflow of 5.96 million from institutional investors, but also faced a net outflow of 210.57 million from retail investors [3]

南方财经10月22日电，青山纸业(600103.SH)公告，控股股东的一致行动人福建省能源集团有限责任公 司于2025年9月29日至2025年10月21日期间，通过集中竞价交易方式合计减持公司股份19,929,400股，占 公司总股本的0.89%。本次减持后，能源集团持有青山纸业股份200,409,582股，持股比例由9.83%下降 至8.94%。由于能源集团与福建省轻纺（控股）集团有限责任公司、福建省盐业集团有限责任公司、福 建省金皇贸易有限责任公司构成一致行动人，本次权益变动后，一致行动人合计持股比例由28.89%降 至28.00%，合计持股627,351,806股，变动比例达0.89个百分点。 ...

证券代码：600103 证券简称：青山纸业 公告编号：2025-045 福建省青山纸业股份有限公司 关于控股股东及其一致行动人权益变动 触及 1%刻度的提示性公告 控股股东的一致行动人福建省能源集团有限责任公司保证向本公司提 供的信息真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息 一致。 一、信息披露义务人及其一致行动人的基本信息 1.身份类别 | | ☑控股股东/实际控制人及其一致行动人 | | --- | --- | | | □其他 5%以上大股东及其一致行动人 | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） | | | □其他______________（请注明） | 重要内容提示： 权益变动方向 比例增加□ 比例减少☑ 权益变动前合计比例 28.89% 权益变动后合计比例 28.00% 本次变动是否违反已作出的承 诺、意向、计划 是□ 否☑ 是否触发强制要约收购义务 是□ 否☑ 3.一致行动人信息 | 一致行动人名称 | | 投资者身份 | 统一社会信用代码 ...

福建省青山纸业股份有限公司关于非独立董事辞任暨选举职工代表董事的公告 证券代码：600103 证券简称：青山纸业 公告编号：2025-044 二、职工代表董事选举情况 公司拟根据《公司法》《上市公司章程指引》等法律法规、规范性文件修订《公司章程》，设职工董事 一人，由职工代表大会选举产生。 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。 重要内容提示： 福建省青山纸业股份有限公司（以下简称公司）于 2025 年10月20日收到公司非独立董事叶宇先生的书 面辞职报告，因工作变动，叶宇先生申请辞去公司第十届董事会非独立董事及董事会战略委员会委员职 务，该辞职报告自送达公司董事会之日起生效，辞任后不再担任公司任何职务。 公司于近日召开了第十一届职工代表大会第二次会议并做出决议，选举潘其星先生担任公司第十届董事 会职工代表董事，任期自公司股东大会审议通过《修订〈公司章程〉议案》之日起至公司第十届董事会 任期届满之日止。 一、董事离任情况 (一)提前离任的基本情况 ■ (二)离任对公司的影响 根据《公司法》《公司章程》等有关规定，叶宇先 ...

证券日报网讯 10月20日晚间，青山纸业发布公告称，公司于近日召开了职工代表大会，选举潘其星先 生为第十届董事会职工代表董事。 （文章来源：证券日报） ...