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 ...

截至2025年10月10日收盘，山鹰国际(600567)报收于1.85元，上涨1.09%，换手率2.54%，成交量147.57 万手，成交额2.73亿元。 关于以集中竞价交易方式回购股份的进展公告 当日关注点 公司于2025年6月23日审议通过回购股份方案，回购期限为2025年6月23日至12月22日，拟回购金额5亿 元至10亿元，回购价格不超过2.50元/股，用途为员工持股计划或股权激励、转换公司可转债。截至 2025年9月30日，已累计回购股份145,213,438股，占公司总股本的2.65%，回购最高价1.99元/股，最低 价1.87元/股，支付资金总额282,071,700.56元（不含交易费用）。公司已获得中国工商银行3亿元专项回 购贷款。回购进展符合相关规定，后续将按规定继续推进并履行信息披露义务。 交易信息汇总资金流向 10月10日主力资金净流出63.74万元，占总成交额0.23%；游资资金净流入723.48万元，占总成交额 2.65%；散户资金净流出659.74万元，占总成交额2.41%。 公司公告汇总可转债转股结果暨股份变动公告 截至2025年9月30日，累计有878,259,000元"鹰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%。 ...

Core Viewpoint - The company, Shanying International (600567.SH), has repurchased a total of 145 million shares, representing 2.65% of its total share capital as of June 30, 2025, with a total expenditure of 282 million yuan excluding transaction fees [1] Summary by Categories Share Repurchase - The company has conducted a share repurchase through centralized bidding, acquiring 145 million shares [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 repurchase was 282 million yuan [1]

Market Overview - The paper sector increased by 0.57% on October 9, with Huawang Technology leading the gains [1] - The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1] Stock Performance - Notable gainers in the paper sector included: - Huawang Technology (605377) with a closing price of 9.27, up 5.10% on a trading volume of 185,500 shares and a turnover of 171 million yuan [1] - Zhishi Paper Industry (002067) also rose by 5.10% to close at 6.60, with a trading volume of 3,189,300 shares and a turnover of 2.038 billion yuan [1] - Minfeng Special Paper (600235) increased by 2.43% to 7.18, with a trading volume of 121,500 shares and a turnover of 154 million yuan [1] Capital Flow - The paper sector experienced a net outflow of 53.43 million yuan from institutional investors, while retail investors saw a net inflow of 13.59 million yuan [2] - The overall capital flow indicated that speculative funds had a net inflow of 39.83 million yuan [2] Individual Stock Capital Flow - Sun Paper (002078) had a net inflow of 21.21 million yuan from institutional investors, but a net outflow of 15.61 million yuan from speculative funds [3] - Minfeng Special Paper (600235) saw a net inflow of 8.43 million yuan from institutional investors, while retail investors had a net outflow of 10.85 million yuan [3] - Huawang Technology (605377) recorded a net inflow of 7.98 million yuan from institutional investors, with a net outflow of 12.57 million yuan from speculative funds [3]