据新浪财经报道，山鹰、玖龙、APP、亚太森博等主要纸企纷纷发布调价函，计划在11月底至12月初对旗下产品进行提价。此轮涨价覆盖包装纸和瓦楞纸， 包装用纸（如瓦楞纸、牛卡纸）涨幅较为温和，普遍在50元/吨左右；而文化用纸（如复印纸、双胶纸）涨幅较大，达到200元/吨。 企查查数据显示，截至11月26日，国内现存造纸相关企业22.92万家。注册量方面，2024年全年注册1.86万家，截至目前，今年已注册1.57万家。存量方面， 从经营时间来看，造纸相关企业多为老牌企业，成立年限在10年以上的相关企业最多，占比36.88%。从注册资本来看，造纸相关企业多为轻量级企业，注 册资本在100万元以内的相关企业占比过半，达54.54%。 1.今年已注册1.57万家相关企业 企查查数据显示，截至11月26日，国内现存造纸相关企业22.92万家。近十年造纸相关企业年度注册量维持在1.7万家—2.3万家的区间内，其中2023年全年注 册2.22万家相关企业，达注册量峰值。2024年全年注册1.86万家，截至目前，今年已注册1.57万家。 2.造纸相关企业多为老牌企业 企查查数据显示，从经营时间来看，造纸相关企业多为老牌企业，成立 ...

Core Viewpoint - The packaging paper industry is experiencing a price increase for raw paper, with multiple companies announcing new price hikes in the fourth quarter to cope with rising costs [3][4]. Group 1: Price Trends - Since the third quarter of this year, the price of raw paper used in the packaging paper industry has been continuously rising [3]. - As of November 24, the average daily price of corrugated paper was 3,213 RMB/ton, a year-on-year increase of 17.65%, while the average price of boxboard was 3,889 RMB/ton, up 6.86% year-on-year [4]. - Several well-known pulp and paper companies have recently issued price adjustment notices for various paper types, with price increases ranging from 50 RMB/ton to 200 RMB/ton, effective mainly from late November to December 1, 2025 [4]. Group 2: Company Performance and Outlook - Companies in the packaging paper sector are adjusting their prices, with increases of 10% to 15%, which is lower than the 20% to 30% increase in upstream raw paper prices [3]. - Major securities firms believe the current paper industry is benefiting from a combination of price increases, improved demand, and structural upgrades, with a positive outlook for profitability in the fourth quarter [4]. - Notable companies such as Sun Paper, Annie Co., Huatai Paper, and Bohui Paper have seen significant net buying in financing, indicating strong market interest [5]. - Forecasts suggest that companies like Hengfeng Paper, Qifeng New Materials, and Bohui Paper will see net profit growth rates of 70.67%, 35.33%, and 20.2% respectively for the year 2025 [5][8].

Core Viewpoint - The paper industry stocks in Hong Kong and A-shares have experienced significant price increases, driven by major companies announcing price hikes for their products in late November to early December [1] Group 1: Stock Performance - Hong Kong paper stocks saw notable gains, with Lee & Man Paper rising nearly 4%, Nine Dragons Paper increasing over 2%, and Chenming Paper up over 1% [1] - In the A-share market, Qingshan Paper reached its daily limit, while Jingxing Paper rose over 3% and Shanying International increased over 1% [1] Group 2: Price Increase Announcements - Major companies such as Shanying, Nine Dragons, APP, and Asia Pulp & Paper have issued price adjustment notices, planning to raise prices for their products [1] - The price hikes will affect both packaging paper and corrugated paper, with packaging paper experiencing a moderate increase of around 50 yuan per ton [1] - Cultural paper, including copy paper and double offset paper, will see a more substantial price increase of up to 200 yuan per ton [1]

Market Overview - The paper sector increased by 1.03% on November 25, with Kane Co. leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Individual Stock Performance - Kane Co. (002012) closed at 6.25, up 6.84% with a trading volume of 259,500 shares and a turnover of 158 million yuan [1] - Qingshan Paper (600103) closed at 3.53, up 4.13% with a trading volume of 1,452,200 shares and a turnover of 508 million yuan [1] - Songyang Resources (603863) closed at 18.83, up 2.62% with a trading volume of 48,600 shares and a turnover of 91.68 million yuan [1] - Other notable performers include BoHui Paper (600966) and Anni Co. (002235), with increases of 2.55% and 1.77% respectively [1] Capital Flow Analysis - The paper sector saw a net inflow of 64.07 million yuan from institutional investors, while retail investors experienced a net outflow of 98.59 million yuan [2][3] - Speculative funds contributed a net inflow of 34.51 million yuan [2] Detailed Capital Flow for Selected Stocks - Qingshan Paper (600103) had a net outflow of 54.08 million yuan from institutional investors [3] - Sun Paper (002078) saw a net inflow of 16.68 million yuan from institutional investors [3] - BoHui Paper (600966) experienced a net inflow of 11.26 million yuan from institutional investors [3]

证券日报网讯 11月24日晚间，山鹰国际发布公告称，公司于2025年11月24日召开第十一届二次职工代 表大会，选举陈学萍女士为公司第九届董事会职工代表董事。 （文章来源：证券日报） ...

山鹰国际控股股份公司 关于选举职工代表董事的公告 | | | 股票简称：山鹰国际 股票代码：600567 公告编号：临 2025-089 本次选举完成后，陈学萍女士与公司第九届董事会非职工代表董事共同组成公 司第九届董事会，公司第九届董事会中兼任公司高级管理人员职务的董事以及由职 工代表担任的董事，总计未超过公司董事总数的二分之一，符合有关法律法规、规 范性文件及《公司章程》的规定。 特此公告。 山鹰国际控股股份公司职工代表大会 二○二五年十一月二十五日 附件： 陈学萍女士，出生于 1978 年，中国国籍，中共党员，硕士研究生学历，高级工 程师。2001 年入职公司，历任公司职工代表监事、技术部经理、安徽造纸基地总经 理助理、副总经理、常务副总经理等职务，现任山鹰纸业（安徽）有限公司总经理、 本公司职工代表董事。截至本公告披露日，陈学萍女士持有 431,967 股公司股票， 与持有公司 5%以上股份的股东、实际控制人、公司其他董事、高级管理人员无关联 关系，不存在《上海证券交易所上市公司自律监管指引第 1 号—规范运作》第 3.2.2 条所列情形，符合有关法律、行政法规、部门规章、规范性文件等要求的任职资格。 ...

山鹰国际于2025年11月18日召开2025年第三次临时股东大会，审议通过关于续聘会计师事务所、增加注 册资本、取消监事会并修订《公司章程》、修订《股东会议事规则》《董事会议事规则》《独立董事制 度》以及新增日常关联交易等议案。会议由董事长主持，采用现场与网络投票相结合的方式进行，表决 结果合法有效。其中，增加注册资本及修订公司章程为特别决议事项，已获出席股东所持表决权2/3以 上通过。所有议案均对中小投资者单独计票，涉及关联交易的议案相关方已回避表决。 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。 公司公告汇总：山鹰国际拟增加注册资本并取消监事会，修订公司章程及相关治理制度。 公司公告汇总：山鹰国际2025年第三次临时股东大会审议通过续聘会计师事务所及新增日常关联 交易等议案。 公司公告汇总：本次股东大会采用现场与网络投票方式，表决程序合法，决议结果有效。 本周关注点 公司公告汇总 浙江天册律师事务所就山鹰国际控股股份公司2025年第三次临时股东大会出具法律意见书。本次股东大 会于2025年11月18日以现场和网络投票方式召开， ...

Core Viewpoint - The stock of Shanying International (600567) has shown a stable price of 1.79 yuan as of November 20, 2025, with a slight increase in trading volume and mixed capital flow trends [1][2]. Group 1: Stock Performance - As of November 20, 2025, Shanying International closed at 1.79 yuan, with no change in price [1]. - The trading volume was 1.373 million hands, resulting in a total transaction value of 246 million yuan [1]. - The net outflow of main funds was 24.5 million yuan, accounting for 9.96% of the total transaction value, while retail investors saw a net inflow of 3.87 million yuan, representing 1.58% of the total [1][2]. Group 2: Recent Capital Flow - Over the past five days, the stock has experienced fluctuating capital flows, with the most significant net outflow of main funds recorded on November 18, amounting to 35.29 million yuan [2]. - The net inflow from retail investors peaked on November 18, with 35.79 million yuan [2]. Group 3: Financial Metrics and Industry Comparison - Shanying International's total market capitalization is 10.41 billion yuan, ranking 5th in the paper and printing industry [3]. - The company reported a net profit of -290 million yuan for the first three quarters of 2025, a decline of 522.74% year-on-year [3]. - The gross profit margin stands at 7.91%, significantly lower than the industry average of 14.76%, placing the company in the 32nd position out of 38 in the industry [3]. Group 4: Analyst Ratings - In the last 90 days, three institutions have provided ratings for Shanying International, with one buy rating and two hold ratings [4]. - The average target price set by institutions over the past 90 days is 2.0 yuan [4].

Market Overview - The paper sector experienced a slight decline of 0.08% on November 20, with Jingxing Paper leading the drop [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Individual Stock Performance - Annie Co. (002235) saw a significant increase of 9.95%, closing at 8.51, with a trading volume of 808,200 shares and a turnover of 680 million [1] - Yibin Paper (600793) rose by 3.31% to 22.78, with a trading volume of 63,900 shares and a turnover of 14.5 million [1] - Other notable performers included Bohui Paper (600966) up 2.25% and Minshida (920394) up 1.16% [1] Capital Flow Analysis - The paper sector had a net inflow of 191 million from institutional investors, while retail investors saw a net outflow of approximately 59.4 million [2] - The main capital inflow was concentrated in Annie Co. with a net inflow of 3.44 billion, representing 50.64% of its trading volume [3] - Other stocks like Yibin Paper and Bohui Paper also experienced positive net inflows from institutional investors [3]

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 ...