关于山东华泰纸业股份有限公司 向不特定对象发行可转换公司债券申请文件的 第二轮审核问询函的回复（更新稿） 信永中和会计师事务所（特殊普通合伙） 二〇二三年九月 关于山东华泰纸业股份有限公司向不特定对象发行可转换公司债券申请文件的第二轮审核问询函的回复(更新稿) 关于山东华泰纸业股份有限公司 向不特定对象发行可转换公司债券申请文件的 第二轮审核问询函的回复 上海证券交易所： 贵所《关于山东华泰纸业股份有限公司向不特定对象发行可转换公司债券 申请文件的第二轮审核问询函》（上证上审（再融资）〔2023〕427 号）（以 下简称"审核问询函"）已收悉。 信永中和会计师事务所（特殊普通合伙）（以下简称"申报会计师"） 作 为山东华泰纸业股份有限公司（以下简称"华泰股份"、"发行人"、"申请人" 或"公司"）的会计师，对所涉及的问题认真进行了逐项核查和落实，现回复如 下，请予审核。 | 字体 | 释义 | | --- | --- | | 黑体加粗 | 审核问询函中的问题 | | 宋体 | 对审核问询函的回复、中介机构核查意见 | | 楷体加粗 | 申报文件及审核问询函修改、补充披露的内容 | 本审核问询函回复中的字体代表 ...

证券代码：600308 股票简称：华泰股份 编号：2023-042 山东华泰纸业股份有限公司 关于公司申请向不特定对象发行可转换公司债券的 审核问询函回复及募集说明书等申报文件更新的提示性 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。 公司收到审核问询函后，会同相关中介机构对两轮《审核问询函》所列问题 进行了逐项说明和回复，具体内容详见公司在上交所（www.sse.com.cn）披露的 相关文件。 根据上交所的进一步审核意见及2022年财务数据的披露，公司会同相关中介 机构对回复内容进行修订并更新相关申报文件，具体内容详见公司分别于2023年4 月25日及2023年7月20日在上交所（www.sse.com.cn）披露的第一轮与第二轮审核 问询函的回复等相关文件。 鉴于公司于2023年8月31日披露了《华泰股份2023年半年度报告》，公司会同 相关中介机构对募集说明书等申请文件的财务数据及其他变动事项进行了内容更 新，具体内容详见公司随同本公告同日在上交所（www.sse.com.cn）披露的《华 泰股份与中泰证券股 ...

关于山东华泰纸业股份有限公司 向不特定对象发行可转换公司债券申请文件的 审核问询函相关问题的回复（更新稿） 信永中和会计师事务所（特殊普通合伙） 二〇二三年九月 7-2-1-1 关于山东华泰纸业股份有限公司向不特定对象发行可转换公司债券申请文件的审核问询函相关问题的回复(更新稿) 关于山东华泰纸业股份有限公司 向不特定对象发行可转换公司债券申请文件的 审核问询函相关问题的回复 上海证券交易所： 贵所《关于山东华泰纸业股份有限公司向不特定对象发行可转换公司债券 申请文件的审核问询函》（上证上审（再融资）〔2023〕120 号）（以下简称 "审核问询函"）已收悉。 信永中和会计师事务所（特殊普通合伙）（以下简称"申报会计师"）作为 山东华泰纸业股份有限公司（以下简称"华泰股份"、"发行人"、"申请人" 或"公司"）的会计师，对问询函中涉及会计师的相关问题进行了逐项核实，现 回复如下。 本回复报告中，若合计数与各分项数值相加之和在尾数上存在差异，均为四 舍五入所致。 7-2-1-2 关于山东华泰纸业股份有限公司向不特定对象发行可转换公司债券申请文件的审核问询函相关问题的回复(更新稿) 目录 | 问题3：关于融资规模 ...

山东华泰纸业股份有限公司 与 中泰证券股份有限公司 关于山东华泰纸业股份有限公司 向不特定对象发行可转换公司债券 申请文件的 第二轮审核问询函的回复 （2023年半年报更新稿） 保荐人（主承销商） （山东省济南市市中区经七路86号） 二〇二三年九月 7-1-1 山东华泰纸业股份有限公司 向不特定对象发行可转换公司债券申请文件的第二轮审核问询函的回复 上海证券交易所： 贵所《关于山东华泰纸业股份有限公司向不特定对象发行可转换公司债券 申请文件的第二轮审核问询函》（上证上审（再融资）〔2023〕427 号）（以 下简称"审核问询函"）已收悉。 山东华泰纸业股份有限公司（以下简称"华泰股份"、"发行人"、"申请人"或 "公司"）与中泰证券股份有限公司（以下简称"保荐机构"）、信永中和会计师事 务所（特殊普通合伙）（以下简称"会计师"）、山东康桥律师事务所（以下简称 "发行人律师"）根据审核问询函的要求，对所涉及的问题认真进行了逐项核查和 落实，现回复如下，请予审核。 本审核问询函回复中使用的简称与募集说明书、尽职调查报告中释义一致。 本审核问询函回复中的字体代表以下含义： | 字体 | 释义 | | --- | - ...

中泰证券股份有限公司 关于 山东华泰纸业股份有限公司 向不特定对象发行可转换公司债券 之 上市保荐书 （2023 年半年报更新稿） 保荐机构（主承销商） （山东省济南市经七路 86 号） 二〇二三年九月 山东华泰纸业股份有限公司向不特定对象发行可转换公司债券 上市保荐书 保荐机构及保荐代表人声明 中泰证券股份有限公司（以下简称"中泰证券"、"保荐机构"或"本保荐 机构"）接受山东华泰纸业股份有限公司（以下简称"华泰股份"、"公司"或 "发行人"）的委托，担任本次华泰股份向不特定对象发行可转换公司债券的保 荐机构，并指定李恒达、陈凤华担任本次保荐工作的保荐代表人。 保荐机构及其指定保荐代表人根据《中华人民共和国公司法》《中华人民共 和国证券法》《证券发行上市保荐业务管理办法》《上市公司证券发行注册管理办 法》等法律法规和中国证券监督管理委员会（以下简称"中国证监会"）及上海 证券交易所的有关规定，诚实守信，勤勉尽责，严格按照依法制订的业务规则和 行业自律规范出具本上市保荐书，并保证所出具文件真实、准确、完整。 本上市保荐书中如无特别说明，相关用语具有与《山东华泰纸业股份有限公 司向不特定对象发行可转换公司债券募 ...

山东康桥律师事务所 关于山东华泰纸业股份有限公司 向不特定对象发行可转换公司债券的 补充法律意见书（五） 山东康桥律师事务所 山东省济南市历下区龙奥西路 1 号银丰财富广场 B 座 4-6 层 电话：86-0531-55652345 传真：86-0531-55652345 http://www.kangqiaolaw.com | 律师声明 4 | | | --- | --- | | 第一部分 7 | | | 第二轮《审核问询函》回复 7 | | | 问题 2：关于两高核查 7 | | | 第二部分 补充核查事项 | 17 | | 一、本次发行的批准和授权 | 17 | | 二、 发行人具备本次发行的主体资格 | 17 | | 三、 本次发行的实质条件 | 17 | | 四、发行人的设立 | 17 | | 五、发行人的独立性 | 17 | | 六、发行人的发起人和股东 | 17 | | 七、发行人的股本及演变 | 17 | | 八、发行人的业务 | 18 | | 九、关联交易和同业竞争 | 23 | | （一）发行人的关联交易 | 23 | | （二）发行人的同业竞争 | 44 | | 十、发行人的重大债权债务 ...

Financial Performance - The company's operating revenue for the first half of 2023 was approximately RMB 6.76 billion, a decrease of 14.44% compared to RMB 7.90 billion in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2023 was RMB 167.96 million, down 48.92% from RMB 328.81 million in the previous year[19]. - The basic earnings per share decreased by 60.68% to RMB 0.11 from RMB 0.28 in the same period last year[19]. - The total profit for the period was 206 million yuan, down 54.31% compared to the previous year[28]. - The company reported a decrease in the weighted average return on equity to 1.84%, down 1.62 percentage points from 3.46% in the previous year[19]. - The decline in profit was primarily due to the upgrade and transformation of two packaging paper machines, leading to a decrease in packaging paper sales[19]. - The net cash flow from operating activities was RMB 28.87 million, a decline of 56.04% compared to RMB 65.66 million in the previous year[19]. - The company reported a decrease in long-term borrowings to CNY 128,660,610.75 from CNY 290,000,000.00, a decline of about 55.7%[115]. - The company reported a decrease in net profit of 242,899,191.67 CNY, highlighting challenges in profitability during the reporting period[143]. Assets and Liabilities - The total assets as of the end of the reporting period were RMB 15.45 billion, reflecting a slight increase of 0.25% from RMB 15.41 billion at the end of the previous year[19]. - The net assets attributable to shareholders at the end of the reporting period were RMB 9.21 billion, an increase of 1.80% from RMB 9.05 billion at the end of the previous year[19]. - Total liabilities decreased to CNY 6,220,253,197.93 from CNY 6,307,818,813.03, a reduction of about 1.38%[115]. - The total liabilities at the end of June 2023 were reported at 4,945,884,741.39 CNY, indicating a manageable debt level relative to assets[147]. - The company's total assets increased to CNY 11,549,746,708.31, up from CNY 10,902,174,422.04 at the end of the previous period[119]. Cash Flow - The net cash flow from operating activities decreased by 56.04% to ¥28,869,137.80 from ¥65,664,247.06[30]. - The net cash flow from financing activities increased significantly by 977.32% to ¥449,298,369.61 from -¥51,212,606.06[30]. - Cash flow from operating activities for the first half of 2023 was CNY 7,667,007,200.98, a decrease of 10.2% compared to CNY 8,529,735,961.78 in the first half of 2022[128]. - The net increase in cash and cash equivalents for the first half of 2023 was CNY 34,023,327.86, contrasting with a net decrease of CNY -434,868,537.78 in the first half of 2022[130]. Research and Development - The company has established a comprehensive R&D system and has been recognized with multiple national and provincial-level technology awards[25]. - Research and development expenses for the first half of 2023 were CNY 130,801,222.22, a decrease from CNY 147,722,973.26 in the same period of 2022[121]. - The company is focusing on adjusting raw material and product structures to meet market demands and enhance the chemical segment's growth[28]. - Research and development efforts are ongoing, with a focus on new product innovations to drive future revenue growth[147]. Environmental Compliance - The company has invested in advanced environmental management systems and has maintained ISO 14001 certification for 20 consecutive years[26]. - All subsidiaries of the company achieved compliance with emission standards in the first half of 2023, with no instances of exceeding limits reported[56]. - The company’s emissions of major pollutants, including smoke, sulfur dioxide, and nitrogen oxides, are within permissible limits, demonstrating commitment to environmental compliance[55]. - The company has established a comprehensive environmental monitoring plan to ensure compliance with national pollution prevention laws[64]. Shareholder Information - The largest shareholder, Huatai Group, holds 582,617,423 shares, representing 38.41% of total shares[104]. - The company approved a capital reserve conversion plan on May 12, 2023, increasing total shares from 1,083,478,697 to 1,516,870,176 shares[100]. - The company did not issue any convertible bonds or other debt financing tools during the reporting period[111]. - There were no stock option grants to directors, supervisors, or senior management during the reporting period[109]. Market Risks - The company has a significant risk from macroeconomic fluctuations affecting the paper and paper products industry[38]. - The company faces risks from intensified market competition and potential policy changes in the paper industry[38]. - The company faces risks from fluctuations in raw material prices, primarily waste paper and wood pulp, which could adversely affect operational performance if prices continue to vary significantly[39]. - Sales prices of key products, including coated paper, cultural paper, newsprint, and chemical products, have experienced volatility, which may impact profitability if market competition intensifies or supply-demand dynamics change[39]. Corporate Governance - The company committed to not transferring benefits to other entities or individuals under unfair conditions, ensuring no harm to the company's interests[71]. - The company has established a compensation system linked to performance measures, with commitments made by the board and compensation committee[72]. - The company has pledged to respect the independent legal status of Huatai Co., Ltd. and ensure fair pricing in related transactions[80]. - The integrity status of the company and its controlling shareholders is reported to be good during the reporting period[82].

证券代码：600308 证券简称：华泰股份 公告编号：2023-041 山东华泰纸业股份有限公司 关于召开 2023 年半年度业绩说明会的公告 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。 重要内容提示： 会议召开时间：2023 年 09 月 08 日(星期五) 下午 15:00- 16:00 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 09 月 01 日(星期五) 至 09 月 07 日(星期 四)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 htjtzq@163.com 进行提问。公司将在说明会上对投资 者普遍关注的问题进行回答。 山东华泰纸业股份有限公司（以下简称"公司"）已于 2023 年 8 月 31 日发布公司 2023 年半年度报告，为便于广大投资者更全面 深入地了解公司 2023 年上半年经营成果、财务状况，公司计划于 2023 年 09 月 08 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 3,531,921,358.36, a decrease of 8.74% compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 106,747,570.92, down 44.31% year-on-year[4]. - The net profit after deducting non-recurring gains and losses was CNY 99,213,568.71, a decline of 49.20% compared to the previous year[4]. - Basic earnings per share were CNY 0.10, reflecting a decrease of 39.99% year-on-year[4]. - Diluted earnings per share also stood at CNY 0.10, down 39.99% compared to the same period last year[7]. - The net profit for Q1 2023 was CNY 94,811,179.05, a decrease of 48.1% compared to CNY 185,770,848.78 in Q1 2022[19]. - The total operating profit for Q1 2023 was CNY 153,771,258.69, down 40.2% from CNY 256,786,032.51 in the same period last year[22]. - The total profit for Q1 2023 was CNY 159,017,111.03, a decrease of 36.0% compared to CNY 248,436,729.27 in Q1 2022[22]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 330.66%, amounting to CNY 195,333,183.46[4]. - The cash flow from operating activities for Q1 2023 was CNY 195,333,183.46, significantly higher than CNY 45,356,390.66 in Q1 2022, marking a 331.5% increase[22]. - The net cash inflow from operating activities was CNY 3,998,167,702.84, compared to CNY 4,044,435,195.37 in the same quarter last year[22]. - The net cash flow from investing activities was -156,140,480.13 CNY, compared to -177,448,069.40 CNY in the previous year, indicating an improvement of approximately 12.4%[23]. - Cash and cash equivalents increased by 249,332,798.76 CNY, while the previous year saw a decrease of 416,364,104.19 CNY, showing a significant turnaround[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 15,445,190,798.83, a slight increase of 0.22% from the end of the previous year[5]. - Total assets increased to CNY 15,445,190,798.83 from CNY 15,411,094,584.53, reflecting a growth of 0.2%[15]. - Total liabilities decreased to CNY 6,248,504,771.02 from CNY 6,307,818,813.03, a reduction of 0.9%[15]. - Shareholders' equity increased to CNY 9,196,686,027.81 from CNY 9,103,275,771.50, an increase of 1.0%[15]. - The company's total liabilities increased to 5,193,380,032.35 CNY from 4,986,584,422.42 CNY, representing an increase of approximately 4.2%[28]. Operational Efficiency - Total operating costs for Q1 2023 were CNY 3,394,132,673.68, down 6.5% from CNY 3,628,576,059.04 in Q1 2022[17]. - The total revenue from sales of goods and services was CNY 3,971,918,435.28, a slight decrease from CNY 4,023,739,084.84 in Q1 2022[22]. - The total operating cash inflow for Q1 2023 was CNY 1,762,217,827.99, compared to CNY 1,485,235,820.75 in Q1 2022, showing improved operational efficiency[34]. Expenses and Investments - Research and development expenses increased to CNY 62,116,392.62, up 6.3% from CNY 58,280,746.26 in Q1 2022[22]. - The company reported a total investment income of CNY 179,424,002.03 in Q1 2023, a significant increase from CNY 1,316,920.10 in Q1 2022[30]. - The management expenses rose to CNY 140,668,241.69, an increase of 29.6% from CNY 108,514,333.46 in the previous year[22]. - The company reported a decrease in sales expenses to CNY 6,450,238.45 in Q1 2023 from CNY 5,534,848.36 in Q1 2022, indicating better cost management[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,036[9].

Financial Performance - In 2022, the company's operating revenue was CNY 15,174,406,900.59, an increase of 1.82% compared to CNY 14,903,266,484.33 in 2021[23] - The net profit attributable to shareholders of the listed company decreased by 47.27% to CNY 426,038,324.12 from CNY 808,026,228.17 in 2021[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 399,208,088.16, down 48.23% from CNY 771,138,403.15 in 2021[23] - The net cash flow from operating activities was CNY 853,395,165.75, a decrease of 51.00% compared to CNY 1,741,519,129.82 in 2021[23] - The total assets at the end of 2022 were CNY 15,411,094,584.53, down 4.78% from CNY 16,184,084,579.23 at the end of 2021[23] - The net assets attributable to shareholders of the listed company decreased by 3.09% to CNY 9,045,678,507.11 from CNY 9,334,025,019.48 at the end of 2021[23] - The basic earnings per share for 2022 were CNY 0.38, a decrease of 45.70% from CNY 0.69 in 2021[24] - The total profit for the year was CNY 534 million, a decrease of 46.26% compared to the previous year[42] - The company's operating costs rose to CNY 13.66 billion, reflecting a 5.59% increase from the previous year[45] Shareholder Returns - The company plans to increase its total share capital by 433,391,479 shares through a capital reserve transfer, resulting in a new total of 1,516,870,176 shares[6] - The company has implemented a share repurchase amounting to CNY 479,651,951.60, which is considered as cash dividends, accounting for 112.58% of the net profit attributable to shareholders in 2022[6] - The total cash dividend amount (including tax) for the reporting period is CNY 479,651,951.60, which accounts for 112.58% of the net profit attributable to ordinary shareholders in the consolidated financial statements[141] - The company has established a cash dividend policy, ensuring that the cumulative cash distribution over the next three years will not be less than 30% of the average annual distributable profit achieved in the last three years[133] Research and Development - Research and development expenses amounted to CNY 333 million, a decrease of 4.29% year-on-year[45] - The total research and development expenditure was 505,391,337.59, representing 3.33% of the operating revenue[57] - The company has developed over 20 new products and technologies in the field of biomass-based green paper materials[34] - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product lines[116] - There are ongoing efforts in research and development to innovate and improve product offerings, particularly in the paper and chemical sectors[116] Market and Sales Performance - In 2022, the company achieved total sales revenue of 4.768 billion yuan in the chemical industry, with a profit of 678 million yuan[32] - The company's total revenue for the paper products segment reached approximately ¥9.85 billion, with a gross margin of 3.97%, reflecting a year-over-year increase of 4.18 percentage points[47] - Chemical products generated revenue of approximately ¥4.36 billion, with a gross margin of 23.71%, showing a year-over-year increase of 0.52 percentage points[47] - The domestic sales revenue amounted to approximately ¥14.06 billion, with a gross margin of 8.52%, reflecting a year-over-year decrease of 1.41 percentage points[48] - International sales revenue increased to approximately ¥566 million, with a gross margin of 41.27%, showing a significant year-over-year increase of 620.36%[48] Environmental Commitment - The company is committed to green development and has implemented measures to promote circular economy and low-carbon development[35] - The company has maintained ISO 14001 environmental management system certification for 19 consecutive years, demonstrating commitment to environmental standards[163] - The company has invested CNY 43,555.76 million in environmental protection during the reporting period[146] - The company has established comprehensive environmental protection facilities, including wastewater treatment systems that ensure compliance with discharge standards[162] - The company reported three environmental penalties in 2022, all of which have been rectified[166] Risk Management - The company has outlined potential risks in its future development strategies, which investors should be aware of[9] - The company faces macroeconomic fluctuation risks that could adversely affect production and operations if economic growth slows[102] - The company is subject to industry policy changes that could impact its competitive advantage and operational development[102] - The company acknowledges the risk of intensified market competition as the paper industry reaches a turning point with slowed growth[103] - The company is exposed to raw material price volatility risks, particularly for waste paper and wood pulp, which could affect operational performance[103] Corporate Governance - The company has held three annual shareholder meetings, ensuring compliance with legal requirements and protecting shareholder rights[107] - The company maintains a transparent information disclosure process, ensuring all shareholders have equal access to information[108] - The company has established a complete insider information registration system to maintain transparency and fairness in information disclosure[109] - The company has not engaged in any related party transactions that would affect its independence[109] - The company has confirmed that it will not engage in any unfair practices that could harm the interests of its shareholders[184] Financial Services and Relationships - The registered capital of Huatai Group Financial Co., Ltd. is RMB 1 billion, with Huatai Group contributing RMB 600 million (60%) and the company contributing RMB 400 million (40%)[199] - The maximum credit limit provided by Huatai Group Financial Co., Ltd. to the company is RMB 6 billion, which includes loans, bill acceptance, discounting, guarantees, and financing leasing[200] - The company has a financial service agreement with Huatai Group Financial Co., Ltd. that is valid for three years, approved by the shareholders' meeting[200] - The loan interest rate range for the company from Huatai Group Financial Co., Ltd. is between 2.00% and 4.35%[198] Employee and Management Structure - The company has a total of 6,211 employees, with 2,235 in the parent company and 3,976 in major subsidiaries[130] - The management team includes experienced professionals with extensive backgrounds in various sectors, ensuring strategic oversight and operational efficiency[116] - The company has a structured compensation policy for middle management, with performance evaluations conducted by the HR department and a compensation assessment committee[131] - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period was 6.4307 million yuan[121] Future Outlook - The company aims to achieve an operating revenue of over 15 billion yuan in 2023, with costs and expenses controlled within 14 billion yuan[100] - The company plans to accelerate the construction of a 700,000-ton chemical wood pulp project to reduce costs and increase efficiency[98] - The company will focus on developing high-value-added products such as high-end cultural paper and food packaging paper to enhance market competitiveness[100] - The company has set a performance guidance for the upcoming fiscal year, aiming for a growth rate of approximately 10% in revenue[117]