Group 1 - The stock price of Shanying International on August 22 was 1.91 yuan, down 0.01 yuan from the previous trading day, with a decline of 0.52% [1] - The trading volume on that day was 1.4431 million hands, with a transaction amount of 275 million yuan [1] - The company operates in the paper and printing industry, with main businesses including paper manufacturing, packaging, trade, and logistics [1] Group 2 - Shanying International's wholly-owned subsidiary, Shanghai Shanying Intelligent Paper Industry Co., Ltd., was recently established with a registered capital of 50 million yuan, focusing on the sale of paper products and coal and its products [1] - On August 22, the net outflow of main funds was 2.7249 million yuan, accounting for 0.03% of the circulating market value [1] - Over the past five trading days, the cumulative net inflow of main funds was 27.0476 million yuan, representing 0.26% of the circulating market value [1]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 8月22日，山鹰国际收跌0.52%，收盘价为1.91元，发生1笔大宗交易，合计成交量39.99万股，成交金额 76.38万元。 责任编辑：小浪快报 进一步统计，近3个月内该股累计发生3笔大宗交易，合计成交金额为358.38万元。该股近5个交易日累 计下跌0.52%，主力资金合计净流出2945.78万元。 第1笔成交价格为1.91元，成交39.99万股，成交金额76.38万元，溢价率为0.00%，买方营业部为中国国 际金融股份有限公司北京建国门外大街证券营业部，卖方营业部为国泰海通证券股份有限公司深圳福华 三路证券营业部。 ...

Group 1 - On August 22, 2025, Shanying International executed a block trade of 399,900 shares, with a transaction value of 763,800 yuan, accounting for 0.28% of the total trading volume for that day [1][2] - The transaction price was 1.91 yuan, which remained unchanged compared to the market closing price of 1.91 yuan [1][2]

人民财讯8月22日电，企查查APP显示，近日，上海山鹰智造纸业有限公司成立，注册资本5000万元， 经营范围包含：纸制品销售；煤炭及制品销售；油墨销售（不含危险化学品）；润滑油销售等。企查查 股权穿透显示，该公司由山鹰国际全资持股。 转自：证券时报 ...

来源：金融界 8月21日，沪深两融数据显示，山鹰国际获融资买入额0.32亿元，居两市第792位，当日融资偿还额0.48 亿元，净卖出1658.71万元。 最近三个交易日，19日-21日，山鹰国际分别获融资买入0.45亿元、0.61亿元、0.32亿元。 融券方面，当日融券卖出0.08万股，净卖出0.08万股。 ...

Core Viewpoint - The article discusses the challenges and regulatory issues surrounding the import of recycled paper pulp in China, particularly after the ban on solid waste imports, highlighting the environmental risks and the need for stricter standards and oversight [3][4][11]. Group 1: Import Ban and Industry Response - Since January 1, 2021, China has banned the import of solid waste, including waste paper, leading to a significant shift in the sourcing of raw materials for the paper industry [3][4]. - Major paper companies like Nine Dragons Paper, Shanying International, and Sun Paper have begun investing in overseas recycled pulp projects to adapt to the new regulations [4][11]. - The import volume of recycled paper pulp surged from 300,000 tons in 2018 to 3.36 million tons in 2022, an increase of 11 times [4]. Group 2: Quality and Environmental Concerns - There are significant quality differences among various types of recycled paper pulp, such as roll pulp, wet pulp, and dry ground pulp, which affect their environmental impact and processing costs [5][9]. - Dry ground pulp, which skips many conventional processing steps, often contains high levels of impurities and poses health risks due to the presence of bacteria and other contaminants [9][12]. - A study showed that untreated waste paper samples contained up to 150,000 bacteria per gram, highlighting the potential health hazards associated with imported recycled pulp [13]. Group 3: Regulatory Standards and Recommendations - A new national standard for recycled paper pulp was released in November 2023, aiming to set technical requirements and prevent the entry of "foreign garbage" [11][12]. - The standard is currently recommended rather than mandatory, leading to concerns about compliance and the quality of imported materials [11][12]. - Experts suggest that stricter regulations should be enforced, including mandatory inspections of all products declared as recycled paper pulp and the establishment of a blacklist for non-compliant exporters [19][21]. Group 4: Industry Support and Future Directions - There is a call for increased support for domestic paper companies, particularly those investing in overseas pulp production, to enhance their technological capabilities and ensure quality [19][21]. - The industry is encouraged to adopt innovative technologies to improve the quality of recycled pulp and reduce environmental impacts [19][21]. - The article emphasizes the need for a comprehensive regulatory framework to ensure that the import of recycled paper pulp aligns with environmental standards and public health safety [19][21].

Group 1 - The stock price of Shanying International is 1.92 yuan, unchanged from the previous trading day, with a trading volume of 1.269 million hands and a transaction amount of 244 million yuan [1] - Shanying International operates in the paper and printing industry, focusing on the production and sales of packaging paperboard, specialty paper, and paper products, and has invested in overseas recycled pulp projects [1] - Since the ban on solid waste imports in China in 2021, the import volume of recycled pulp has significantly increased, from 300,000 tons in 2018 to 3.36 million tons in 2022 [1] Group 2 - Major paper companies, including Shanying International, are expanding their overseas recycled pulp projects, but the industry faces regulatory challenges regarding the execution of recycled pulp standards and environmental safety [1] - On August 21, Shanying International experienced a net outflow of 9.0789 million yuan in main funds, accounting for 0.09% of its circulating market value, with a cumulative net outflow of 8.8729 million yuan over the past five trading days, representing 0.08% of its circulating market value [1]

Core Viewpoint - The article discusses the challenges and issues surrounding the import of recycled pulp in China following the ban on solid waste imports, highlighting the need for stricter regulations and standards to prevent environmental hazards and ensure product quality [1][7][12]. Group 1: Import Ban and Market Changes - Since January 1, 2021, China has banned the import of solid waste, including waste paper, leading to a significant increase in the import of recycled pulp, which rose from 300,000 tons in 2018 to 3.36 million tons in 2022, an increase of 11 times [2]. - Major paper companies such as Nine Dragons Paper, Shanying International, and Sun Paper have invested in overseas recycled pulp projects to adapt to the new regulations [2]. Group 2: Quality and Safety Concerns - There are significant quality issues with imported recycled pulp, particularly with dry-ground pulp, which often contains high levels of impurities and bacteria, posing health risks [10][11]. - The new national standard for recycled pulp, effective November 27, 2023, aims to set technical requirements and prevent the entry of "foreign garbage" into the country, but it is currently a recommended standard rather than mandatory [7][12]. Group 3: Environmental and Economic Implications - The production of recycled pulp, especially through dry grinding, is associated with high energy consumption and environmental pollution, as it requires additional processing in China after import [10][11]. - Experts suggest that the government should enhance the standards for imported dry-ground recycled pulp and implement strict inspections to ensure compliance with quality and environmental safety [12][15]. Group 4: Industry Recommendations - Industry insiders have called for the establishment of a mandatory national standard for imported recycled pulp, emphasizing the need for rigorous quality control and environmental assessments [12][15]. - There is a push for increased support for domestic paper companies that comply with environmental regulations and for those investing in overseas recycled pulp projects to improve their technological capabilities [16].

Core Viewpoint - The industry is calling for enhanced regulation of imported recycled paper pulp, improved standards for dry-process recycled paper pulp, and increased guidance and support for paper companies establishing overseas factories [1][11]. Group 1: Industry Background - Since January 1, 2021, China has banned the import of solid waste, including waste paper, leading to a shift towards importing recycled paper pulp [1][2]. - Major paper companies such as Nine Dragons Paper, Shanying International, Sun Paper, Lee & Man Paper, and Jingxing Paper have invested in overseas recycled paper pulp projects [2]. Group 2: Quality and Standards - The newly released national standard for recycled paper pulp (GB/T43393-2023) aims to address fiber raw material shortages while preventing "foreign garbage" from entering the country [7]. - The standard includes technical requirements related to radioactive pollution, hazardous waste, heavy metals, and physical and chemical indicators [7]. Group 3: Environmental and Health Concerns - Recycled paper pulp, particularly dry-milled pulp, poses significant environmental and health risks due to high impurity levels and potential contamination [8][9]. - A study showed that untreated waste paper samples contained high levels of bacteria and pests, raising concerns about public health [9]. Group 4: Recommendations and Future Actions - Experts suggest that customs should inspect all goods declared as recycled paper pulp to ensure compliance with quality and safety standards [15]. - There is a call for the government to provide support for domestic paper companies that adhere to regulations and to assist those lacking resources for process upgrades [16].

Core Viewpoint - The paper industry sector experienced a 0.5% increase on August 20, with Annie Co. leading the gains, while the overall market indices also showed positive performance [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3766.21, up 1.04% [1]. - The Shenzhen Component Index closed at 11926.74, up 0.89% [1]. Group 2: Individual Stock Performance - Annie Co. (002235) closed at 9.04, with a rise of 4.15%, and a trading volume of 1.4162 million shares, totaling a transaction value of 1.258 billion [1]. - BoHui Paper (600966) closed at 5.31, up 3.31%, with a trading volume of 204,000 shares, totaling 106 million [1]. - QiFeng New Materials (002521) closed at 9.07, increasing by 2.14%, with a trading volume of 114,200 shares, totaling 104 million [1]. - Forest Packaging (605500) closed at 10.24, up 1.69%, with a trading volume of 147,300 shares, totaling 150 million [1]. - Hengfeng Paper (600356) closed at 9.28, increasing by 1.64%, with a trading volume of 49,900 shares, totaling 45.9795 million [1]. - Minfeng Special Paper (600235) closed at 6.63, up 1.38%, with a trading volume of 78,900 shares, totaling 52.0111 million [1]. - Yibin Paper (600793) closed at 25.59, increasing by 1.35%, with a trading volume of 69,800 shares, totaling 178 million [1]. - Qingshan Paper (600103) closed at 2.36, up 1.29%, with a trading volume of 489,200 shares, totaling 1.15 billion [1]. - Rongsheng Environmental Protection (603165) closed at 12.55, increasing by 1.13%, with a trading volume of 36,600 shares, totaling 45.8246 million [1]. - Guanmeng High-tech (600433) closed at 3.17, up 0.96%, with a trading volume of 185,600 shares, totaling 58.3962 million [1]. Group 3: Capital Flow - The paper sector saw a net inflow of 101 million from main funds, while retail funds experienced a net outflow of 11.7049 million [2].