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 ...

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 ...

Market Overview - The paper sector experienced a decline of 2.06% on November 18, with Qingshan Paper leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Individual Stock Performance - Notable performers included Songyang Resources, which rose by 1.16% to a closing price of 19.21, and Senlin Packaging, which increased by 1.07% to 9.47 [1] - Qingshan Paper saw a significant decline of 7.69%, closing at 3.96, with a trading volume of 2.9583 million shares [2] - Other stocks such as Yuyuan Paper and BoHui Paper also experienced declines of 2.99% and 2.70%, respectively [2] Trading Volume and Capital Flow - The paper sector saw a net outflow of 388 million yuan from institutional investors, while retail investors contributed a net inflow of 423 million yuan [2] - The trading volume for the paper sector was highlighted, with significant transactions recorded for stocks like Qingshan Paper and Yuyuan Paper [2] Capital Flow Analysis - Forest Packaging had a net inflow of 5.3532 million yuan from institutional investors, while it faced a net outflow of 747.19 million yuan from retail investors [3] - Other stocks like Hengda New Materials and Wuzhou Special Paper experienced notable net outflows from institutional investors, indicating a shift in investor sentiment [3]

Core Viewpoint - The stock of Shanying International (600567) has shown a decline in both price and financial performance, with significant net outflows from major and retail investors, indicating potential concerns about the company's future performance [1][2][3]. Financial Performance - As of November 17, 2025, Shanying International's stock closed at 1.87 yuan, down 0.53% with a trading volume of 1.5884 million hands and a turnover of 295 million yuan [1]. - For the first three quarters of 2025, the company reported a main revenue of 21.133 billion yuan, a year-on-year decrease of 2.17%, and a net profit attributable to shareholders of -290 million yuan, a significant decline of 522.74% [3]. - The company's third-quarter results showed a single-quarter main revenue of 7.291 billion yuan, down 0.77%, and a net profit of -331 million yuan, a decrease of 636.03% [3]. Investor Sentiment - On November 17, 2025, the net outflow of major funds was 7.5265 million yuan, accounting for 2.55% of the total turnover, while retail investors saw a net inflow of 18.0977 million yuan, representing 6.12% of the total turnover [1][2]. - Over the past five days, the stock has experienced fluctuating fund flows, with significant net outflows from major and speculative funds on several days [2]. Industry Comparison - Shanying International's total market value is 10.875 billion yuan, significantly higher than the industry average of 7.068 billion yuan, ranking 4th in the industry [3]. - The company's net asset value stands at 17.017 billion yuan, also above the industry average of 4.132 billion yuan, ranking 2nd [3]. - However, the company ranks poorly in profitability metrics, with a net profit of -290 million yuan and a return on equity (ROE) of -1.93%, ranking 34th in the industry [3]. Analyst Ratings - In the last 90 days, three institutions have provided ratings for the stock, with one buy rating and two hold ratings, and the average target price set at 2.0 yuan [4].

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].

Core Viewpoint - The stock of Shanying International (600567) has shown a recent increase in price, with a closing price of 1.86 yuan on November 13, 2025, reflecting a 2.76% rise, amidst mixed capital flows and a challenging financial performance in the paper industry [1][4]. Financial Performance - For the first three quarters of 2025, Shanying International reported a main revenue of 21.133 billion yuan, a year-on-year decrease of 2.17% [4]. - The net profit attributable to shareholders was -290 million yuan, a significant decline of 522.74% year-on-year [4]. - The third quarter alone saw a main revenue of 7.291 billion yuan, down 0.77% year-on-year, with a net profit of -331 million yuan, a drastic drop of 636.03% [4]. - The company’s debt ratio stands at 67.69%, with a gross profit margin of 7.91% [4]. Market Position - Shanying International's total market capitalization is 10.817 billion yuan, ranking 5th in the paper and printing industry [4]. - The company has a net asset value of 17.017 billion yuan, placing it 2nd in the industry [4]. - The price-to-earnings ratio is -28.01, while the price-to-book ratio is 0.69, indicating a relatively low valuation compared to industry averages [4]. Capital Flow Analysis - On November 13, 2025, the net inflow of main funds was 46.4422 million yuan, accounting for 8.44% of the total transaction amount [1]. - Over the past five days, the stock has experienced fluctuations in capital flow, with notable net outflows from retail investors [1][2]. - The financing data indicates a net repayment of 13.154 million yuan on November 13, with a total financing balance of 4.11 billion yuan [2]. Institutional Ratings - In the last 90 days, three institutions have provided ratings for Shanying International, with one buy rating and two hold ratings [5]. - The average target price set by institutions over this period is 2.00 yuan [5].