Core Viewpoint - Minfeng Special Paper (600235.SH) announced the resignation of General Manager Cao Jihua due to work reasons, effective November 18, 2025, while he will continue to serve as a director and chairman of the board [1] Group 1 - Cao Jihua submitted a written resignation report to the company [1] - The board approved the appointment of Han Jiyou as the new General Manager, effective from the date of board approval until the end of the current board's term [1]

Market Overview - The paper sector experienced a decline of 0.27% on November 12, with Jingxing Paper leading the drop [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Individual Stock Performance - Notable gainers included Bohui Paper, which rose by 3.32% to a closing price of 5.92, with a trading volume of 419,400 shares and a transaction value of 244 million yuan [1] - Other gainers included Sun Paper with a 0.72% increase, closing at 15.42, and Kain Co. with a 0.50% increase, closing at 6.02 [1] - Decliners included Zhi Xing Paper, which fell by 3.28% to 5.89, and Yibin Paper, down 1.90% to 23.18 [2] Capital Flow Analysis - The paper sector saw a net outflow of 241 million yuan from institutional investors, while retail investors contributed a net inflow of 261 million yuan [2][3] - The data indicates that while institutional investors withdrew funds, retail investors were actively buying into the sector [2][3] Detailed Capital Flow for Selected Stocks - Bohui Paper had a net inflow of 31.14 million yuan from institutional investors, while it faced a net outflow of 33.86 million yuan from retail investors [3] - Hengfeng Paper experienced a small net inflow of 1.52 million yuan from institutional investors, with retail investors contributing a net inflow of 273,600 yuan [3] - Other stocks like Kain Co. and Huawang Technology saw significant net outflows from institutional investors, indicating a cautious sentiment among larger players [3]

Core Viewpoint - The paper industry sector experienced a slight increase of 0.32% on November 11, with Yibin Paper leading the gains, while the overall market indices showed declines [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4002.76, down 0.39%, and the Shenzhen Component Index closed at 13289.0, down 1.03% [1]. - Yibin Paper's stock price rose by 1.94% to 23.63, with a trading volume of 54,200 shares and a transaction value of 128 million yuan [1]. Group 2: Individual Stock Performance - Other notable performers included Minfeng Special Paper, which increased by 1.26% to 7.25, and Huatai Co., which rose by 1.19% to 4.25 [1]. - Qing Shan Paper and Rongsheng Environmental saw increases of 0.98% and 0.82%, respectively, with transaction values of 20.23 billion yuan and 44.36 million yuan [1]. Group 3: Capital Flow - The paper sector saw a net outflow of 354 million yuan from institutional investors, while retail investors contributed a net inflow of 353 million yuan [2]. - The capital flow data indicates that Yibin Paper had a net inflow of 11.48 million yuan from retail investors, despite a net outflow from institutional investors [3].

Group 1: Industry Overview - The number of enterprises in the paper and paper products industry reached 8,131 as of January to September 2025, an increase of 182 compared to the same period last year, representing a year-on-year growth of 2.29% [1] - The proportion of the paper and paper products industry enterprises in the total industrial enterprises is 1.56% [1] Group 2: Company Listings - Listed companies in the paper industry include: Chenming Paper (000488), Kane Co. (002012), Jingxing Paper (002067), Sun Paper (002078), Annie Co. (002235), Qifeng New Materials (002521), Qingshan Paper (600103), Minfeng Special Paper (600235), Huatai Co. (600308), Yueyang Forest Paper (600963), Bohui Paper (600966), Rongsheng Environmental Protection (603165), Xianhe Co. (603733), Songyang Resources (603863), Wuzhou Special Paper (605007), Huawang Technology (605377), and Forest Packaging (605500) [1] Group 3: Research Report - The report titled "Analysis of Development Models and Market Operation Potential of China's Paper Industry from 2026 to 2032" was published by Zhiyan Consulting [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research reports, business plans, feasibility studies, and customized services [2]

Core Points - The company signed a compensation framework agreement with the Nanhu District People's Government, resulting in a total compensation amount of RMB 1,079.63 million [1] - The first phase of the compensation, totaling RMB 150 million, is to be paid within 45 days of signing the agreement, with specific allocations for soil pollution investigation and remediation [1] - The company received the first phase compensation of RMB 130 million on November 7, 2025, and will handle the accounting in accordance with relevant regulations [2] Summary by Sections - **Compensation Agreement**: The company entered into a compensation agreement for land acquisition with the local government, amounting to RMB 1,079.63 million, with specific terms for payment and usage of funds [1] - **Payment Schedule**: The first installment of RMB 150 million is to be paid promptly, with a portion allocated for environmental remediation efforts [1] - **Financial Reporting**: The company will account for the compensation in its financial statements as per applicable accounting standards, with the impact on 2025 earnings to be confirmed in the annual report [2]

Core Points - The company Minfeng Special Paper announced a compensation agreement with the Nanhu District People's Government, totaling RMB 1,079.63 million [1] - The first installment of the compensation, amounting to RMB 150 million, is to be paid within 45 days of signing the agreement, with RMB 13 million specifically allocated for soil pollution investigation and remediation [1] - As of November 7, 2025, the company has received the first installment of RMB 130 million [1] Summary by Sections - **Compensation Agreement**: The company signed a framework agreement for land acquisition compensation, with a total compensation amount of RMB 1,079.63 million [1] - **Payment Schedule**: The first payment of RMB 150 million includes contributions from both Minfeng Group and Minfeng Special Paper, with specific usage outlined for environmental remediation [1] - **Receipt of Funds**: The company confirmed the receipt of the first installment of RMB 130 million on November 7, 2025 [1]

Group 1 - The paper sector experienced a slight increase of 0.02% on November 7, with Sun Paper leading the gains [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] - Key stocks in the paper sector showed varied performance, with Sun Paper closing at 14.71, up 2.22%, and other notable stocks like Xianhe Co. and Guanmeng High-tech also showing positive gains [1] Group 2 - The paper sector saw a net outflow of 156 million yuan from institutional investors, while retail investors contributed a net inflow of 215 million yuan [2] - The trading volume and turnover for various stocks in the paper sector varied significantly, with Sun Paper leading in both volume and turnover [2] - Specific stocks like Songyang Resources and Laifeng Co. experienced significant declines, with Songyang Resources down 5.01% [2] Group 3 - Sun Paper had a net inflow of 82.83 million yuan from institutional investors, while it faced outflows from retail and speculative investors [3] - Other stocks like Bohui Paper and Guanmeng High-tech also showed mixed net inflows and outflows from different investor categories [3] - The overall sentiment in the paper sector appears to be cautious, with significant net outflows from institutional and speculative investors [3]

证券代码： 600235 证券简称：民丰特纸 公告编号：2025-035 民丰特种纸股份有限公司 关于收到国有土地上房屋征收第一期补偿款的公告 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个别及连带责任。 公司董事会将密切关注本次征收事项的进展情况，按照《上市公司信息披露 管理办法》《上海证券交易所股票上市规则》等相关规定的要求，就征收事项的 1 重大进展情况及时履行持续的信息披露义务。 特此公告。 民丰特种纸股份有限公司 董事会 2025 年 11 月 8 日 2 民丰特种纸股份有限公司（以下简称公司）于 2025 年 9 月 30 日在《中国证 券报》《上海证券报》《证券时报》和上海证券交易所网站披露了《民丰特纸关 于签署〈国有土地上房屋征收补偿框架协议〉的公告》（公告编号：2025-028）。 公司于 2025 年 9 月 28 日与南湖区人民政府等签署《国有土地房屋征收补偿协 议》，根据协议，公司将获得补偿总金额合计人民币 107,962.68 万元（其中 887.93 万元为代收其他公司房屋征收补偿款，公司将在收到该笔款项后 ...

Core Viewpoint - Minfeng Special Paper (600235.SH) announced the receipt of the first phase of compensation for land acquisition amounting to 130 million yuan, with a portion allocated for other companies' housing compensation [1] Group 1 - The company received a total of 130 million yuan in compensation, of which 1.0692 million yuan is designated for other companies' housing compensation [1]

Core Viewpoint - Minfeng Special Paper (600235.SH) announced the receipt of the first phase of compensation for land acquisition amounting to 130 million yuan, with a portion allocated for other companies' housing compensation [1] Group 1 - The company received a total of 130 million yuan in compensation [1] - Out of the total, 1.0692 million yuan is designated for the compensation of other companies, which will be transferred to them [1]