法律意见书 浙江天册律师事务所 关于 山鹰国际控股股份公司 2025 年第三次临时股东大会的 法律意见书 浙江省杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 310007 电话：0571-87901111 传真：0571-87901500 2025 年第三次临时股东大会的 法律意见书 编号：TCYJS2025H1916 号 致：山鹰国际控股股份公司 浙江天册律师事务所（以下简称"本所"）接受山鹰国际控股股份公司 （以下简称"山鹰国际"或"公司"）的委托，指派本所律师参加公司 2025 年第三次临时股东大会，并根据《中华人民共和国证券法》（以下简称"《证 券法》"）、《中华人民共和国公司法》（以下简称"《公司法》"）和《上 市公司股东会规则》（以下简称"《股东会规则》"）等法律、法规和其他 有关规范性文件的要求出具本法律意见书。 在本法律意见书中，本所律师仅对本次股东大会召集、召开程序、出席 人员的资格、召集人的资格、表决程序及表决结果的合法有效性发表意见， 不对会议所审议的议案内容和该等议案中所表述的事实或数据的真实性和准 确性发表意见。 法律意见书 浙江天册律师事务所 关于 山鹰国际控股股份公司 本法 ...

证券代码：600567 证券简称：山鹰国际 公告编号：2025-088 山鹰国际控股股份公司 2025年第三次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 11 月 18 日 (二)股东大会召开的地点：安徽省马鞍山市勤俭路山鹰国际办公大楼 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 1,199 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,514,948,479 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 25.4242 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会会议由公司董事会召集，会议由董事长吴明武先生主持，会议 采用现场投票与网络投票相结合的表决方式召开并表决。浙江天册律师事务所律 ...

证券之星消息，11月18日造纸板块较上一交易日下跌2.06%，青山纸业领跌。当日上证指数报收于 3939.81，下跌0.81%。深证成指报收于13080.49，下跌0.92%。造纸板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600103 | 青山纸业 | 3.96 | -7.69% | 295.83万 | 11.85 Z | | 600308 | 来奉股份 | 4.19 | -3.90% | 64.35万 | 2.71亿 | | 600567 | 山鹰国际 | 1.81 | -3.21% | 209.88万 | 3.83亿 | | 600963 | 岳阳林纸 | 4.55 | -2.99% | 41.75万 | 1.90亿 | | 600966 | 博汇纸业 | 5.77 | -2.70% | 28.67万 | 1.66亿 | | 600433 | ...

证券之星消息，截至2025年11月17日收盘，山鹰国际(600567)报收于1.87元，下跌0.53%，换手率 2.73%，成交量158.84万手，成交额2.95亿元。 | 指标 | 山鹰国际 | 造纸印刷行业均值 | 行业排名 | | --- | --- | --- | --- | | 总市值 | 108.75亿元 | 70.68亿元 | 4 38 | | 净资产 | 170.17亿元 | 41.32亿元 | 2 38 | | 净利润 | -2.9亿元 | 538.47万元 | 37 38 | | 市盈率(动) | -28.16 | 105.65 | - 38 | | 市净率 | 0.69 | 4.29 | 1 38 | | 毛利率 | 7.91% | 14.76% | 32 38 | | 净利率 | -1.53% | -0.81% | 33 38 | | ROE | -1.93% | -0.12% | 34 38 | 山鹰国际2025年三季报显示，前三季度公司主营收入211.33亿元，同比下降2.17%；归母净利润-2.9亿 元，同比下降522.74%；扣非净利润-4.12亿元，同比上升6.32%；其中2 ...

Core Viewpoint - The average stock price of A-shares is 13.92 yuan, with 20 stocks priced below 2 yuan, the lowest being *ST Yuan Cheng at 0.58 yuan [1] Stock Price Distribution - As of November 14, the Shanghai Composite Index closed at 3990.49 points, with a relatively small proportion of high-priced and low-priced stocks in the A-share market [1] - Among the low-priced stocks, 8 are ST stocks, accounting for 40% of those priced below 2 yuan [1] Market Performance - Out of the low-priced stocks, 18 saw an increase today, with notable gains from Rongsheng Development (10.17%), Yongtai Energy (9.82%), and *ST Jinke (4.76%) [1] Low-Priced Stock Rankings - The table lists various low-priced stocks, including their latest closing prices, daily price changes, turnover rates, price-to-book ratios, and industries [1] - For example, *ST Yuan Cheng has a closing price of 0.58 yuan, while *ST Suwu and *ST Jinke are at 0.97 yuan and 1.54 yuan respectively [1]

Core Viewpoint - The stock of Shanying International has shown a recent upward trend, with a notable increase in trading volume and market capitalization, despite a year-to-date decline in stock price [1]. Group 1: Stock Performance - As of November 14, Shanying International's stock price increased by 2.15% to 1.90 CNY per share, with a trading volume of 346 million CNY and a turnover rate of 3.18%, resulting in a total market capitalization of 11.049 billion CNY [1]. - Year-to-date, the stock price has decreased by 3.06%, but it has increased by 6.15% over the last five and twenty trading days [1]. Group 2: Financial Performance - For the period from January to September 2025, Shanying International reported a revenue of 21.133 billion CNY, reflecting a year-on-year decrease of 2.17%, and a net profit attributable to shareholders of -290 million CNY, a significant decline of 522.74% [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Shanying International reached 196,100, an increase of 3.71% from the previous period, with an average of 29,649 circulating shares per shareholder, up by 2.49% [2]. - The company has distributed a total of 1.807 billion CNY in dividends since its A-share listing, with 46.126 million CNY distributed over the last three years [3]. Group 4: Major Shareholders - As of September 30, 2025, Hong Kong Central Clearing Limited is the third-largest circulating shareholder, holding 99.8305 million shares, an increase of 2.3267 million shares from the previous period [3].

| | | | | 日期 收盘价 涨跌幅 主力净流入 主力净占比 游资净街入 游资净占比 散户净占比 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-11-13 | 1.86 | 2.76% | 4644.22万 | 8.44% | -1025.97万 | -1.86% | -3618.25万 | -6.58% | | 2025-11-12 | 1.81 | -0.55% | -2172.27万 | -8.19% | 654.58万 | 2.47% | 1517.69万 | 5.72% | | 2025-11-11 | | 1.82 0.00% | -213.03万 | -1.06% | -404.59万 | -2.02% | 617.62万 | 3.08% | | 2025-11-10 | 1.82 | 1.68% | 353.40万 | 1.04% | 84.60万 | 0.25% | -438.00万 | -1.28% | | 2025-11-07 | 1.79 0.00% | | -643.85万 | - ...

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： 自2025年12月10日至2025年12月12日，"鹰19转债"持有人仍可以依据约定的条件将"鹰19转债"转换为公司股票。 经中国证券监督管理委员会《关于核准山鹰国际控股股份公司公开发行可转换公司债券的批复》（证监许可 [2019]2315号）核准，山鹰国际控股股份公司（以下简称"公司"或"本公司"）于2019年12月13日公开发行总规模为 18.60亿元的可转换公司债券，每张面值100元，债券期限为6年。经上海证券交易所自律监管决定书[2019]306号文 同意，公司18.60亿元可转换公司债券于2020年1月3日起在上海证券交易所挂牌交易，债券简称"鹰19转债"，债券 代码"110063"。 根据《上市公司证券发行注册管理办法》、《上海证券交易所股票上市规则》及《山鹰国际控股股份公司公开发 行可转换公司债券募集说明书》（以下简称"《募集说明书》"），现将"鹰19转债"到期兑付摘牌事项提示公告如 下： 一、兑付方案 本次发行的可转债到期后5个交易日内，公司将按债 ...

Core Viewpoint - The company, Shanying International, is actively expanding its international business and enhancing its operational efficiency while facing challenges in profitability and market conditions. Group 1: International Business Development - The company is focusing on international strategic layout by trading in major fiber resource sourcing countries such as the USA, UK, and the Netherlands, and is expanding its recycled pulp operations in Southeast Asia [2] - As of the first half of 2025, the foreign main business revenue reached approximately 1.79 billion yuan, accounting for 13.13% of total main revenue [2] Group 2: Long-term Investment and Asset Management - The company established a partnership enterprise, Wuhu Shengying Enterprise Management Consulting Partnership, by transferring stakes in its subsidiaries for 2.98 billion yuan, attracting long-term investors [2][3] - The funds from this transaction, totaling 747 million yuan, will be used for production operations and upgrading existing production lines, enhancing the company's integrated paper and packaging business [3] Group 3: Operational Efficiency and Financial Performance - In the first nine months of 2025, the company's raw paper production reached 5.49 million tons, a year-on-year increase of 4.25%, while sales increased by 2.35% [3] - The paper packaging segment achieved a production of 1.49 billion square meters, with a sales volume of 1.57 billion square meters, resulting in a production-sales rate of 105.43% [3] - The company reported a total revenue of 21.13 billion yuan for the first three quarters of 2025, a decrease of 2.17% year-on-year, with a net profit attributable to shareholders of -290 million yuan, a decline of 522.74% [5] Group 4: Market Strategy and Pricing - In response to the industry's overcapacity and declining profits, the company has implemented a series of price increases since July 2025 to alleviate cost pressures and improve gross margins [4] - The company has initiated a share repurchase plan, acquiring 169.93 million shares, which is 2.92% of the total share capital, to protect shareholder interests and enhance company value [3][4]

从资金流向上来看，当日人民币升值受益板块主力资金净流入4174.51万元，游资资金净流出1.06亿元， 散户资金净流入6444.21万元。人民币升值受益板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 000488 | ST晨鸣 | 2.25 | 5.14% | 57.87万 | | 1.29亿 | | 000630 | 铜陵有色 | 5.40 | 3.65% | 379.60万 | | 20.45 Z | | 600567 | 山鹰国际 | 1.86 | 2.76% | 298.80万 | | 5.50亿 | | 002707 | 众信旅游 | 7.45 | 2.34% | - 50.97万 | | 3.77亿 | | 002237 | 恒邦股份 | 13.86 | 1.99% | 34.82万 | | 4.82 乙 | | 002511 | 中顺洁桑 | 8.59 | 1.78% | 15.54万 | | 1.32亿 | | 601888 | 中国中免 ...