Group 1 - The paper sector experienced a rise of 1.58% on February 4, with Bohui Paper leading the gains [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] - Key stocks in the paper sector showed significant price increases, with Bohui Paper closing at 7.72, up 5.46%, and Hengda New Materials at 34.34, up 4.70% [1] Group 2 - The paper sector saw a net outflow of 71.95 million yuan from institutional investors, while retail investors contributed a net inflow of 45.65 million yuan [2] - The trading volume and turnover for Bohui Paper reached 247,200 shares and 186 million yuan, respectively [1] - The overall market sentiment in the paper sector was mixed, with some stocks like Hengda New Materials and Changxing Paper showing positive net inflows from retail investors [3]

Group 1 - The company is actively advancing the land reserve plan for the Hongta Renheng site in Zhuhai's Xiangzhou District, as highlighted in the district's 2026 key work plan [2] - As of now, the company has completed preliminary surveying and assessment work in cooperation with relevant departments for the land reserve [2] - The company is committed to timely information disclosure regarding the progress of this matter in accordance with legal regulations [2] Group 2 - The company's ongoing projects include the Zhanjiang Zhongzhi 400,000 tons of chemical pulp project and the pilot test line for special fiber composite materials [2] - The Zhanjiang Zhongzhi project, a core part of the company's integrated pulp and paper strategy, is progressing efficiently and is expected to achieve production ahead of schedule by November 2025 [2] - The project has already begun supplying pulp to the company's white cardboard production line, with a substitution rate of nearly 80% for similar pulp types [2] - The pilot test line for special fiber composite materials has entered the trial operation phase as of December 2025, with products currently undergoing market access verification [2]

Group 1 - The inaugural Jin Taishan Award was announced at the "2026 Capital Operations and Compliance Governance Summit" on January 22, aimed at recognizing outstanding teams and individuals in information disclosure, corporate governance, and investor relations management within listed companies [1][6] - The award symbolizes the importance of compliance in the capital market, especially under a stringent regulatory environment, and aims to establish industry benchmarks through positive incentives [1][6] Group 2 - A total of 61 "Best Secretaries" were selected, representing a wide range of listed companies from main boards to ChiNext and STAR Market, with notable winners including Liu Honglin from Kaiying Network and Wang Fang from Yingfang Micro [2][7] - Kaiying Network was recognized for its excellence in social responsibility, winning the "Annual Social Responsibility Excellence Brand" award, highlighting its significant achievements in compliance governance and investor protection [2][7] Group 3 - The Jin Taishan Award also introduced various special awards to acknowledge diverse industry values, with Ningbo Bank and Degute winning the "Annual Corporate Governance Excellence Contribution" award for their effective internal controls [3][8] - Several companies, including Sanqi Interactive Entertainment and Century Huatong, received the "Annual Social Responsibility Excellence Brand" award, reflecting their commitment to social responsibility [3][8] Group 4 - The establishment of the Jin Taishan Award sets a new benchmark for compliance work in information disclosure within the capital market, showcasing the professional capabilities of the awarded entities and individuals [4][9] - The award is expected to continuously promote healthy industry development and contribute to the high-quality growth of the capital market amid increasing regulatory demands [4][9]

2026年1月23日晚间，冠豪高新发布公告称，拟关停控股子公司珠海红塔仁恒包装股份有限公司前山厂 的BM1、BM2两条产线。这一决策不仅引发市场关注，更成为传统制造业在行业变革期主动谋求转型 的典型案例。 亏损产线拖累业绩 关停带来业绩冲击 BM1、BM2产线分别投产于1994年和1998年，设计产能合计约30万吨/年，约占冠豪高新2025年总产能 的25%。然而，随着行业产能过剩加剧，叠加设备老化、维护成本高企等因素，这两条产线近年来持续 业绩表现不佳。 运营期内的业绩拖累与产线关停带来的资产减值，对冠豪高新的报表带来冲击。根据冠豪高新发布的 2025年业绩预告，公司归母净利润预计亏损1.55亿元至3.10亿元，同比转亏，其中计提资产减值准备就 达1.67亿元至2.51亿元。 产能承接无缝衔接 战略升级稳步推进 尽管关停产线涉及资产减值，但冠豪高新已做好充分准备。公告明确，BM1、BM2的业务将由公司 BM3、BM4生产线承接。这两条生产线在设备自动化水平、产能规模、能源成本等方面更具优势，可 覆盖关停产线的产能，能高效满足客户的批量需求，确保后续产品稳定交付。 更值得关注的是，此次关停落后产能是冠豪高新" ...

（文章来源：证券日报） 证券日报网讯 1月26日，冠豪高新在互动平台回答投资者提问时表示，截至2026年1月9日的股东人数为 43561户。 ...

Core Viewpoint - Guanhao High-tech plans to shut down two production lines (BM1 and BM2) at its subsidiary Zhuhai Hongta Renheng Packaging Co., Ltd. due to continuous losses and the need for strategic transformation in response to industry changes [2][4][5] Group 1: Production Line Shutdown - The BM1 and BM2 production lines, established in 1994 and 1998 respectively, have become outdated and are no longer competitive in the current market [4][5] - The decision to close these lines is part of a long-term strategic plan aimed at revitalizing capacity and achieving profitability [5][11] - The shutdown is expected to incur an asset impairment provision of between 1.67 billion to 2.51 billion yuan, leading to a projected loss of 1.55 billion to 3.10 billion yuan in 2025 [7][11] Group 2: Strategic Transformation - The closure is not merely a reduction in scale but a critical step in Guanhao High-tech's strategy to upgrade its industrial structure and transition to high-quality development [7][8] - The company aims to focus on high-end specialty paper and green projects, aligning with national industrial policies and market trends [7][8] - The new production lines being established in Zhanjiang will have higher automation and better resource integration, allowing for improved service to customers [5][8] Group 3: Customer Assurance and Operational Continuity - Guanhao High-tech has planned for operational continuity by ensuring that the production capacity from the BM3 and BM4 lines will cover the needs previously met by the closed lines [11][12] - The company emphasizes maintaining customer trust and service quality during the transition, which has been recognized positively by clients [11][12] - The strategic decision to close the lines is seen as a necessary step to enhance long-term competitiveness and operational efficiency [8][12]

1月23日晚间，冠豪高新发布公告，拟关停控股子公司珠海红塔仁恒包装股份有限公司前山厂的BM1、 BM2两条产线。近日，冠豪高新相关负责人回复上证报记者表示，拟关停产能曾经是国内白卡纸"行业 标杆"。随着行业产能扩容远大于需求端增速，同时叠加装备"老旧小"、运维成本高以及产业链短等诸 多"短板"，拟关停产线已连续亏损且拖累公司业绩。公司在确保客户供应链安全的前提下，积极落实国 家"十五五"规划建议提出的"坚持高质量发展"要求，破"卷"向新、稳健增长，为公司规模适度、绿色高 端浆纸产业战略高质效落地迈出关键一步。（上海证券报） ...

Core Viewpoint - The company plans to shut down production lines BM1 and BM2 of its subsidiary, Zhuhai Hongta Renheng Packaging Co., Ltd., due to ongoing losses and to optimize resource allocation and production layout [2][3][6]. Group 1: Shutdown Announcement - The shutdown of the BM1 and BM2 production lines is a response to overcapacity, intensified competition, and aging equipment, which have led to continuous losses [4][6]. - The decision aims to reduce losses and align with national policies to eliminate inefficient capacity, thereby ensuring the interests of the company and its shareholders [4][6]. - The production and orders from the shut-down lines will be transferred to the BM3 and BM4 lines, which are expected to meet existing demand without significantly impacting revenue [3][6]. Group 2: Financial Impact - The shutdown may require impairment provisions for fixed assets and inventory, which is expected to affect the company's performance, with specific amounts to be determined in the audited financial report [3][7]. - The company anticipates a net loss for 2025, with projected losses ranging from 310 million to 155 million yuan, compared to a profit of 183.72 million yuan in the previous year [8][10]. - The decline in performance is attributed to increased industry competition, the need for asset impairment due to the shutdown, and a decrease in investment income [10][11]. Group 3: Company Background - Zhuhai Hongta Renheng Packaging Co., Ltd. was established in 1991 with a registered capital of 600 million yuan and is primarily engaged in paper manufacturing and sales [5][6]. - The BM1 and BM2 lines have a combined designed capacity of approximately 300,000 tons per year, accounting for 25% of the company's total capacity for 2025 [6].

1月23日晚间，冠豪高新（600433）披露2025年年度业绩预告及生产线关停公告，报告期内，公司预计 归属于母公司所有者的净利润为-3.10亿元至-1.55亿元。 报告期内，业绩变动原因包括四方面：一是行业新增产能集中投放叠加下游需求阶段性疲软，市场竞争 加剧导致主要产品销售价格承压，盈利空间受到挤压；二是控股子公司珠海红塔仁恒前山厂持续亏损拟 关停BM1、BM2生产线，公司按审慎原则计提减值，预计减少归母净利润0.94亿元至1.40亿元；三是 2024年处置股权取得的1.55亿元一次性投资收益本报告期无类似事项；四是政府补助规模受政策调整影 响同比减少。 公司表示，关停亏损生产线是公司聚焦主业、提质增效的战略安排。目前，公司现有的BM3、BM4生 产线完全能够覆盖现有白卡纸业务的市场需求，因此本次调整不会对营业收入产生较大影响。公司已制 定详细方案，确保相关业务与订单的顺畅衔接和平稳过渡，并将持续保障对核心客户的稳定供应与产品 品质。(王珞) ...

南财智讯1月23日电，冠豪高新发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润 为-3.10亿元到-1.55亿元；预计2025年全年归属于上市公司股东的扣除非经常性损益的净利润为-3.10亿 元到-1.55亿元。本期公司业绩出现较大幅度下滑，主要受行业内卷、子公司部分产线关停计提减值准 备、投资收益同比减少等综合因素影响，具体如下：（一）行业竞争加剧与价格下滑：报告期内，公司 所处行业环境发生显著变化。一方面，行业内新增产能集中投放，市场供给增加；另一方面，下游市场 需求呈现阶段性疲软态势。在供需关系变化的背景下，市场竞争日趋激烈，导致公司主要产成品的销售 价格面临下行压力。尽管公司持续推进降本增效，但产品售价的下降仍对整体毛利率产生了较大幅度的 不利影响。（二）计提资产减值准备：报告期内，公司控股子公司珠海红塔仁恒包装股份有限公司位于 广东省珠海市香洲区的前山厂持续亏损，为优化公司资源配置和生产基地布局、降低运营成本、减少亏 损、维护公司及全体股东利益，公司拟决定关停其生产线，具体内容详见公司同日于上海证券交易所网 站（www.sse.com.cn）披露的《冠豪高新关于拟关停控股子公司珠海红塔 ...