Market Overview - The paper sector increased by 0.96% on October 21, with Kain Co. leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Individual Stock Performance - Kain Co. (002012) closed at 5.66, up 2.54% with a trading volume of 108,200 shares and a turnover of 60.52 million yuan [1] - Shanying International (600567) closed at 1.84, up 2.22% with a trading volume of 1,539,100 shares and a turnover of 280 million yuan [1] - Xianhe Co. (603733) closed at 22.21, up 2.02% with a trading volume of 21,800 shares and a turnover of 48.22 million yuan [1] - Other notable stocks include Yueyang Lin Paper (600963) at 4.62 (+1.99%), Bohui Paper (600966) at 5.05 (+1.81%), and Yibin Paper (600793) at 24.49 (+1.66%) [1] Capital Flow Analysis - The paper sector experienced a net outflow of 231 million yuan from institutional investors, while retail investors saw a net inflow of 162 million yuan [2] - The net inflow from speculative funds was 68.74 million yuan [2] Detailed Capital Flow for Selected Stocks - Yibin Paper (600793) had a net inflow of 11.70 million yuan from institutional investors, but a net outflow of 9.52 million yuan from retail investors [3] - Guanmeng High-tech (600433) saw a net inflow of 4.86 million yuan from institutional investors, with a net outflow of 6.09 million yuan from speculative funds [3] - Xianhe Co. (603733) had a net inflow of 3.45 million yuan from institutional investors, but also faced outflows from both speculative and retail investors [3]

Market Overview - The paper sector experienced a decline of 1.98% on October 16, with Songyang Resources leading the drop [1] - The Shanghai Composite Index closed at 3916.23, up 0.1%, while the Shenzhen Component Index closed at 13086.41, down 0.25% [1] Individual Stock Performance - Notable gainers included: - Guanmeng High-tech (600433) with a closing price of 3.36, up 2.13% [1] - ST Chenming (000488) at 2.09, up 1.95% [1] - Qifeng New Materials (002521) at 9.38, up 0.64% [1] - Major decliners included: - Songyang Resources (603863) at 21.46, down 9.98% [2] - Yisheng Paper (600103) at 3.49, down 3.32% [2] - Qing Shan Paper (600235) at 7.13, down 2.46% [2] Trading Volume and Capital Flow - The paper sector saw a net outflow of 309 million yuan from institutional investors, while retail investors contributed a net inflow of 261 million yuan [2] - The trading volume for Guanmeng High-tech was 490,400 shares with a transaction value of 163 million yuan [1] - Songyang Resources had a trading volume of 227,500 shares with a transaction value of 514 million yuan [2] Capital Inflow Analysis - Guanmeng High-tech had a net inflow of 28.24 million yuan from institutional investors, representing 17.29% of its total trading [3] - Huawang Technology (605377) saw a net inflow of 10.33 million yuan, accounting for 13.66% [3] - Conversely, Songyang Resources experienced a significant net outflow of 70.22 million yuan from institutional investors, indicating a negative sentiment [3]

Core Viewpoint - Guanhao High-tech's stock price has shown a positive trend in recent trading sessions, with a year-to-date increase of 5.47% and a notable rise in trading volume and market capitalization [1][2]. Company Overview - Guanhao High-tech, established on July 15, 1993, and listed on June 19, 2003, is located in Zhanjiang, Guangdong Province. The company specializes in the production and sale of carbonless copy paper, thermal fax paper, microcapsules, computer printing paper, and various specialty papers [2]. - The company's main revenue sources include white card paper (50.59%), thermal paper (25.10%), self-adhesive materials (14.13%), and other specialty papers [2][3]. Financial Performance - For the first half of 2025, Guanhao High-tech reported a revenue of 3.403 billion yuan, a year-on-year decrease of 1.47%. The net profit attributable to shareholders was -57.93 million yuan, reflecting a significant decline of 168.35% [3]. - The company has distributed a total of 1.143 billion yuan in dividends since its A-share listing, with 567 million yuan distributed over the past three years [4]. Shareholder Information - As of June 30, 2025, the number of shareholders was 44,600, a decrease of 2.11% from the previous period. The average number of circulating shares per shareholder increased by 2.16% to 39,258 shares [3]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 12.4043 million shares, a decrease of 1.128 million shares compared to the previous period [4].

Core Points - The company appointed Ms. Huang Meihua as the securities affairs representative to assist the board secretary in fulfilling various responsibilities [1][7] - The board meeting was held on September 29, 2025, with all 8 directors present, and the meeting complied with relevant regulations [4] - The board approved adjustments to the 2025 investment plan due to actual needs, market changes, and strategic adjustments [5] - The board approved the investment in optimizing and automating the logistics warehouse at the Zhanjiang base, which aims to enhance storage capacity and efficiency [5] - The board revised the internal control defect identification standards to include qualitative criteria based on the severity and potential impact of business nature [5] - The board developed a plan to standardize the construction and implementation of the board of directors for the company and its subsidiaries [6] - Ms. Huang Meihua's qualifications include a bachelor's degree in economics and previous experience in securities affairs [9]

证券日报网讯9月29日晚间，冠豪高新（600433）发布公告称，决定聘任黄美华女士担任公司证券事务 代表。 ...

Group 1 - The company Guanhao High-tech (SH 600433) announced the appointment of Huang Meihua as the securities affairs representative to assist the board secretary in fulfilling various responsibilities [1] - For the fiscal year 2024, Guanhao High-tech's revenue composition is as follows: special paper accounts for 75.7%, special materials for 18.51%, color printing products for 3.79%, and other businesses for 2.01% [1] - As of the report date, Guanhao High-tech has a market capitalization of 5.6 billion yuan [1] Group 2 - The competition between Nongfu Spring and Yibao has intensified, with Nongfu Spring's green bottle launch leading to a significant market share decline for Yibao, dropping nearly 5 percentage points [1]

证券代码：600433 证券简称：冠豪高新 公告编号：2025-039 广东冠豪高新技术股份有限公司 联系地址：广州市海珠区海洲路18号TCL大厦26楼 电话：0759-2532338 传真：0759-2532339 电子邮箱：311842@chinapaper.com.cn 特此公告。 广东冠豪高新技术股份有限公司董事会 2025 年 9 月 30 日 关于聘任证券事务代表的公告 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。 广东冠豪高新技术股份有限公司（以下简称"公司"）于2025年9月29日召 开第九届董事会第八次会议，审议通过《关于聘任公司证券事务代表的议案》， 决定聘任黄美华女士担任公司证券事务代表，协助董事会秘书履行各项职责，黄 美华女士的任期自公司第九届董事会第八次会议审议通过之日起至第九届董事 会届满之日止。 黄美华女士联系方式如下： ...

广东冠豪高新技术股份有限公司 内部控制缺陷认定标准 第一章 总则 第一条 为保证广东冠豪高新技术股份有限公司（以下简称"公 司"）内部控制制度的有效执行，健全内部控制评价标准，确保公司 内部控制评价工作有效开展，根据《企业内部控制基本规范》及其配 套指引的有关规定，结合公司规模、行业特征、风险偏好及风险承受 度等因素，制定了适用本公司内部控制缺陷认定标准。 第二章 内部控制缺陷的分类 第二条 按照内部控制缺陷成因或来源，内部控制缺陷包括设计 缺陷和运行缺陷。 设计缺陷：指缺少为实现控制目标所必需的控制，或现有控制设 计不适当，即使正常运行也难以实现预期的控制目标。 运行缺陷：指现存设计适当的控制没有按设计意图运行，或执行 人员没有获得必要授权或缺乏胜任能力，无法有效地实施内部控制。 重大缺陷：是指一个或多个一般缺陷的组合，可能严重影响内部 控制整体有效性，进而可能导致企业无法及时防范或发现严重偏离整 体控制目标的情形。 重要缺陷：是指一个或多个一般缺陷的组合，其严重程度低于重 大缺陷，但可能导致企业无法及时防范或发现偏离整体控制目标的严 重程度仍然重大，须引起企业管理层的关注。 一般缺陷：是指除重大缺陷、重要 ...

证券代码：600433 证券简称：冠豪高新 公告编号：2025-038 广东冠豪高新技术股份有限公司 第九届董事会第八次会议决议公告 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 广东冠豪高新技术股份有限公司（以下简称"公司"）第九届董事会第八次 会议于2025年9月29日以现场结合通讯方式召开。会议通知及会议材料于2025年9 月22日以电子邮件方式送达各位董事。会议应参加董事8人，实际参加董事8人， 会议通知和召开程序符合《中华人民共和国公司法》（以下简称"《公司法》"）及 《公司章程》的有关规定，本次会议由公司董事长李飞先生主持。 二、董事会会议审议情况 （一）董事会以 8 票同意、 0 票反对、 0 票弃权审议通过了《关 于调整 2025 年度投资计划的议案》 本议案已经第九届董事会可持续发展委员会 2025 年第三次会议审议通过。 因实际需求、市场环境变化和战略调整等原因，公司对 2025 年度投资计划 进行合理调整，董事会同意调整事项。 （二）董事会以 8 票同意、 0 票反对、 0 票弃 ...

Energy Sector - China General Nuclear Power Group (CGN) mobilized all projects in Guangdong and Guangxi to implement typhoon prevention measures, ensuring personnel and equipment safety [1] - The Yangjiang Nuclear Power Base maintained a safe status for its six nuclear units and activated emergency response plans, conducting multiple meetings to assess potential impacts from the typhoon [1][2] Manufacturing Sector - Qide New Materials in Jiangmen initiated a comprehensive defense network, conducting inspections and securing key areas such as power distribution rooms and warehouses, resulting in zero losses after the typhoon [2] - Guanhao High-tech in Zhanjiang launched an emergency response, focusing on emergency material preparation and safety training, ensuring no blind spots in typhoon defense [3] Aquaculture Sector - Yuehai Feed actively provided information and assistance to aquaculture farmers before the typhoon, helping them secure their fish and shrimp ponds and prepare for potential disease prevention [3]