Group 1 - The stock of Shanying International (600567) closed at 1.81 yuan on October 16, 2025, down 1.09%, with a turnover rate of 1.88% and a trading volume of 1.0948 million hands, resulting in a transaction amount of 199 million yuan [1] - On October 16, the net outflow of main funds was 15.4616 million yuan, accounting for 7.78% of the total transaction amount, while retail investors had a net inflow of 12.0014 million yuan, representing 6.04% of the total transaction amount [1] - Over the past five days, the stock has experienced fluctuations in fund flows, with significant net outflows from main funds on multiple days [1] Group 2 - Shanying International's total market value is 10.526 billion yuan, ranking 5th in the paper and printing industry, while its net assets are 16.738 billion yuan, ranking 2nd [2] - The company's net profit for the first half of 2025 was 41.8154 million yuan, a year-on-year decrease of 63.17%, with a gross profit margin of 9.51% [2] - The company reported a debt ratio of 68.99% and investment income of 347.435 million yuan, indicating financial challenges [2] Group 3 - In the last 90 days, two institutions provided ratings for the stock, with one buy rating and one hold rating, and the average target price set at 2.0 yuan [3] - The stock's price movements indicate a mix of fund inflows and outflows, reflecting the market's response to its performance [3][4]

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]

Transaction Overview - The company, Shanying International Holdings Co., Ltd., established Wuhu Shengying Enterprise Management Consulting Partnership (Limited Partnership) by investing 2,977.0435 million RMB for 100% equity of Shanying Paper (Guangdong) Co., Ltd. and 36.56% equity of Xiangheng Creative Packaging Co., Ltd. [1] - The company introduced long-term investors including China Orient Asset Management Co., Ltd., Caixin Jixiang Life Insurance Co., Ltd., Xinda Capital Management Co., Ltd., and Zibo Hengtie Investment Partnership (Limited Partnership) through the transfer of partnership shares, with a total transfer amount not exceeding 747.5 million RMB [1]. Transaction Progress - As of the announcement date, the company has received a total of 747.48220833 million RMB from Tianjin Xinlu Financial Equity Investment Partnership (Limited Partnership) and Hangzhou Guangyao, comprising 496.48220833 million RMB and 250 million RMB respectively [3]. - The company will proceed with the necessary business registration changes as per the agreement and will closely monitor the transaction's implementation progress while fulfilling information disclosure obligations in accordance with relevant laws and regulations [3].

| 股票简称：山鹰国际 | | | 股票代码：600567 | 公告编号：临 2025-075 | | --- | --- | --- | --- | --- | | 债券简称：鹰 | 19 | 转债 | 债券代码：110063 | | 山鹰国际控股股份公司 关于设立合伙企业引入长期投资者的进展公告 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、交易概述 山鹰国际控股股份公司（以下简称"公司"或"山鹰国际"）以下属子公司 山鹰纸业（广东）有限公司 100%股权和祥恒创意包装股份公司 36.56%股权作价 297,704.35 万元出资设立芜湖胜鹰企业管理咨询合伙企业（有限合伙）（以下简 称"胜鹰企管"），并以转让合伙企业部分合伙份额的形式引入长期投资者中国东 方资产管理股份有限公司、财信吉祥人寿保险股份有限公司、信达资本管理有限 公司和淄博恒铁投资合伙企业（有限合伙），转让金额合计不超过人民币 7.475 亿元。胜鹰企管已完成工商注册登记手续。 天津信鲁财股权投资合伙企业（有限合伙）（以下简称"天津信鲁财"）系 财信吉祥 ...

Group 1 - The stock price of Shanying International (600567) closed at 1.85 yuan on October 10, 2025, with an increase of 1.09% and a turnover rate of 2.54% [1] - On October 10, 2025, the net outflow of main funds was 637,400 yuan, accounting for 0.23% of the total transaction amount, while retail funds had a net outflow of 659,740 yuan, accounting for 2.41% [1][3] - As of September 30, 2025, a total of 878,259,000 yuan of "Eagle 19 Convertible Bonds" had been converted, resulting in 494,821,672 shares, which is 10.77% of the total shares before conversion [1] Group 2 - The company announced a share repurchase plan on June 23, 2025, with a budget of 500 million to 1 billion yuan, and a maximum repurchase price of 2.50 yuan per share [2] - As of September 30, 2025, the company had repurchased 145,213,438 shares, accounting for 2.65% of the total share capital, with a total expenditure of 282,071,700.56 yuan [2][3] - The conversion price for the convertible bonds is currently set at 1.76 yuan per share [1]

Core Viewpoint - As of October 10, 2025, the stock price of Shanying International (600567) has increased by 2.78% to 1.85 CNY, with a total market capitalization of 10.759 billion CNY, ranking 3rd in the paper industry and 1755th in the A-share market [1] Company Announcements Summary - As of September 30, 2025, a total of 878,259,000 CNY of the "Eagle 19 Convertible Bonds" has been converted, resulting in 494,821,672 shares being issued, which accounts for 10.77% of the total shares before conversion [1][3] - From July 1 to September 30, 2025, 862,087,000 CNY of convertible bonds were converted, leading to the issuance of 489,822,103 new shares, with 145,675,979 shares coming from the company's repurchase account [1][3] - The total share capital increased from 5,471,330,563 shares to 5,815,476,687 shares due to the conversion of bonds [1] - The controlling shareholder's stake was diluted from 29.90% to 28.13% as a result of the conversion [1][3] Share Buyback Progress - The company initiated a share buyback plan on June 23, 2025, with a budget of 500 million to 1 billion CNY, and a maximum buyback price of 2.50 CNY per share, aimed at employee stock ownership plans or convertible bond conversions [2] - As of September 30, 2025, the company has repurchased 145,213,438 shares, representing 2.65% of the total share capital, with a total expenditure of approximately 282.07 million CNY [2][3] - The highest repurchase price was 1.99 CNY per share, and the lowest was 1.87 CNY per share [2]

Core Viewpoint - The stock of Shanying International has shown fluctuations with a recent increase of 2.19%, while the company faces a year-to-date decline of 4.59% in stock price, indicating potential volatility in the market [1]. Financial Performance - For the first half of 2025, Shanying International reported a revenue of 13.842 billion yuan, a year-on-year decrease of 2.89%, and a net profit attributable to shareholders of 41.8154 million yuan, down 63.17% compared to the previous year [2]. - Cumulative cash dividends since the company's A-share listing amount to 1.807 billion yuan, with 46.1256 million yuan distributed over the last three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for Shanying International is 189,100, a decrease of 5.84% from the previous period, while the average circulating shares per person increased by 6.20% to 28,929 shares [2]. - The third-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 97.5038 million shares, which is an increase of 10.8828 million shares from the last period [3]. Market Activity - As of October 10, 2023, Shanying International's stock price is 1.87 yuan per share, with a trading volume of 148 million yuan and a turnover rate of 1.38%, leading to a total market capitalization of 10.875 billion yuan [1]. - The net inflow of main funds is 7.9853 million yuan, with significant buying and selling activities observed in large orders [1].

Core Viewpoint - The company, Shanying International, announced a share buyback program, indicating a strategic move to enhance shareholder value and confidence in the company's future performance [1] Group 1: Share Buyback Details - As of September 30, 2025, the company has repurchased a total of 145 million shares, which represents 2.65% of the total share capital as of June 30, 2025 [1] - The highest price paid for the repurchased shares was 1.99 yuan per share, while the lowest price was 1.87 yuan per share [1] - The total amount spent on the share buyback was 282 million yuan, excluding transaction fees [1]

关于以集中竞价交易方式回购股份的进展公告 证券代码：600567 证券简称：山鹰国际 公告编号：2025-073 山鹰国际控股股份公司 截至 2025 年 9 月 30 日，公司已通过集中竞价交易方式累计回购股份 145,213,438 股，占公司总股本（截至 2025 年 6 月 30 日）的 2.65%，回购成交的 最高价为 1.99 元/股，最低价为 1.87 元/股，支付的资金总额为 282,071,700.56 元（不含交易费用）。 上述回购股份情况符合法律法规的规定及公司回购股份方案的要求。 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： | 回购方案首次披露日 | 2025/6/25 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 年 6 月 12 | 23 | 日~2025 | 年 | 月 | 22 | 日 | | 预计回购金额 | 5亿元~10亿元 | | | | | | | | ...

| | | 股票简称：山鹰国际 股票代码：600567 公告编号：临 2025-074 山鹰国际控股股份公司 可转债转股结果暨股份变动公告 一、 "鹰19转债"发行上市概况 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。 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： 转股情况：截至 2025 年 9 月 30 日，累计已有 878,260,000 元"鹰 19 转债"转换成公司 A 股普通股或回售，其中"鹰 19 转债"累计转股金额为 878,259,000 元，累计回售金额为 1,000 元；截至 2025 年 9 月 30 日，"鹰 19 转债"累计转股数为 494,821,672 股，占可转债转股前公司已发行普通股股份总 额的 10.77%。 ...