宜宾纸业股份有限公司 2024 年度临时公告 证券代码：600793 证券名称：宜宾纸业 公告编号：临 2024-071 宜宾纸业股份有限公司 关于控股子公司拟购买资产暨关联交易的公告 本公司董事会及全体董事保证本公告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： 宜宾纸业股份有限公司（以下简称"公司"）控股子公司四川 金竹新材料有限责任公司（以下简称"金竹新材料"）拟以 1,821.61 万 元（不含税价）购买关联方四川省宜宾环球神州包装科技有限公司（以 下简称"神州公司"）的瓦楞纸箱生产线及配套设施（以下简称"标的 资产"）。 本次交易构成关联交易，但未构成《上市公司重大资产重组管 理办法》规定的重大资产重组。 本次关联交易事项已经公司第十一届董事会独立董事 2024 年第 六次专门会议、第十一届董事会第三十二次会议审议通过。本次关联交 易无需提交股东大会审议。 自董事会审批通过本次交易之日起的过去 12 个月内，公司向神 州公司采购包装材料 54.97 万元、销售纸品 10.85 万元；公司与宜宾普 什联动科技有限公司、神州公司共同设立合资 ...

宜宾纸业股份有限公司 2024 年度临时公告 证券代码：600793 证券名称：宜宾纸业 公告编号：临 2024-069 宜宾纸业股份有限公司 关于收购四川普什醋酸纤维素有限责任公司 67%股权暨 关联交易完成工商变更登记的公告 本公司董事会及全体董事保证本公告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。 二、关联交易进展情况 截至本公告日，醋纤公司股权转让的相关工商变更登记手续办理完 成，公司持有醋纤公司 67%股权，醋纤公司成为公司的控股子公司。本次 工商登记变更后，醋纤公司的登记信息如下： （一）公司名称：四川普什醋酸纤维素有限责任公司 1 宜宾纸业股份有限公司 2024 年度临时公告 （二）统一社会信用代码：915115006653600785 （三）类型：其他有限责任公司 （四）成立日期：2007 年 8 月 9 日 （五）住所：四川省宜宾市长宁县长宁镇曙光村 9 社 一、关联交易概述 根据宜宾纸业股份有限公司（以下简称"公司"）战略升级和高质 量发展的实际需要，为加快布局生物基材料产业，公司通过自有资金及 金融机构借款以支付现金的方式购买关联方四川 ...

Industry Overview - Cellulose acetate is a low-cost, renewable material with good weaving properties, primarily used in cigarette filters, which account for nearly 80% of its demand [16][32] - The material has potential for expansion into emerging applications such as 3D printing, healthcare, and electronics due to its biocompatibility, optical transparency, and thermal stability [2][18] - Major global players in the cellulose acetate industry include Eastman, Celanese, and Daicel, with Puxi Cellulose Acetate being a significant domestic player [33] Company Analysis: Puxi Cellulose Acetate - Puxi Cellulose Acetate, a subsidiary of Puxi Group, specializes in cellulose acetate and acetic anhydride, with its main product being cellulose diacetate for cigarette filters [20][31] - The company reported revenues of 771 million yuan in 2023 and 489 million yuan from January to July 2024, with net profits of 149 million yuan and 115 million yuan, respectively [12] - Despite its strong profitability, the company has a high debt-to-asset ratio, with total assets of 1.148 billion yuan and liabilities of 1.133 billion yuan at the end of 2023 [3][14] - The company's net assets increased to 129 million yuan by July 2024, and it plans to repay 387 million yuan of its 700 million yuan debt within three months, with the remaining interest to be cleared by December 2030 [28][39] Company Analysis: Yibin Paper - Yibin Paper, a long-listed company with low market presence, has struggled with profitability, often reporting higher operating costs than revenues and negative retained earnings [11][24] - The company's market capitalization has historically hovered around 2 billion yuan, making it a relatively obscure player in the market [37] - Yibin Paper's stock price surged by 117% over 13 trading days, reaching a price-to-book ratio of 11.39x, significantly higher than its industry peers [5][6] Acquisition and Integration - Yibin Paper plans to acquire a 67% stake in Puxi Cellulose Acetate for 200 million yuan, with 124 million yuan financed through bank loans and planned equity pledges [19][29] - The acquisition is expected to boost Yibin Paper's financial performance, potentially helping it turn a profit, as Puxi Cellulose Acetate's 67% stake contributed 99 million yuan in net profit in 2023, compared to Yibin Paper's loss of 78 million yuan [13][26] - The seller has committed to net profits of at least 150 million yuan, 120 million yuan, and 120 million yuan for Puxi Cellulose Acetate in 2025, 2026, and 2027, respectively [27] Market and Strategic Implications - The acquisition is part of a broader integration of state-owned assets under the Yibin State-owned Assets Supervision and Administration Commission, involving both Yibin Paper and Puxi Group [38] - The transaction has garnered significant market attention due to the niche and high-growth potential of the cellulose acetate industry, particularly its ties to the tobacco sector [7][21] - Despite the short-term stock price surge, Yibin Paper remains in a precarious financial position, with a net loss of 130 million yuan in Q3 2024, which may not be fully offset by Puxi Cellulose Acetate's contributions [36]

Group 1 - The total market value of A-shares has reached 54.80 billion [1] - Yibin Paper has hit the daily limit again, recording 10 limit-ups in 13 trading days, with a cumulative increase of 132.41% and a cumulative turnover rate of 128.40% [1] - As of 9:34, the stock's trading volume today is 8.6082 million shares, with a transaction amount of 264 million, and a turnover rate of 4.87% [1] Group 2 - The stock has appeared on the Dragon and Tiger list 6 times due to a cumulative deviation in the increase of 20% over three consecutive trading days, a daily decline deviation of 7%, and a daily amplitude of 15% [2] - The net buying amount from the leading brokerage firms in the buy-sell list totals 45.7993 million [2]

宜宾纸业股份有限公司 股票交易异常波动公告 宜宾纸业股份有限公司 2024 年度临时公告 证券代码：600793 证券名称：宜宾纸业 公告编号：临 2024-068 本公司董事会及全体董事保证本公告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： ● 宜宾纸业股份有限公司（以下简称"公司"）股票于2024年12 月19日、12月20日、12月23日连续三个交易日内收盘价格涨幅偏离值累 计超过20%。请投资者注意风险。 ● 公司拟收购关联方四川省宜宾普什集团有限公司（以下简称"普 什集团"）持有的四川普什醋酸纤维素有限责任公司（以下简称"醋纤 公司"）67%股权。截至2024年7月31日，根据经审计的财务数据，醋纤 公司负债总额为97,111.68万元，资产负债率为88.31%，预计后续会有相 关资金流出。本次交易尚待履行工商变更登记等程序，后续实施存在不 确定性。请广大投资者理性投资，注意风险。 ● 根据中证指数官网发布的数据，公司所属的造纸与包装最新市 净率为1.60倍，公司最新市净率为11.06倍，公司当前的市净率与同行业 情况有较大的差异。请 ...

证券代码：600793 证券简称：宜宾纸业 公告编号：2024-067 宜宾纸业股份有限公司 2024 年第四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：2024 年 12 月 23 日 (二) 股东大会召开的地点：宜宾市南溪区裴石轻工业园区，公司行政楼 四楼会议室。 (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 | 369 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 117,520,926 | | 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（%） | 66.4320 | (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。 本次会议采取现场投票和网络投票相结合的方式召开，公司董事会召集本次 会议，会议由董事长陈洪先生主持。本次会议的召集、 ...

北京市天元（成都）律师事务所 关于宜宾纸业股份有限公司 2024 年第四次临时股东大会的法律意见 （2024）天（蓉）意字第 40 号 致：宜宾纸业股份有限公司 宜宾纸业股份有限公司（以下简称"公司"）2024 年第四次临时股东大会（以 下简称"本次股东大会"）采取现场投票与网络投票相结合的方式，现场会议于 2024 年 12 月 23 日（星期一）14:30 在宜宾市南溪区裴石轻工业园区公司行政楼四 楼会议室召开。北京市天元（成都）律师事务所（以下简称"本所"）接受公司聘 任，指派律师参加本次股东大会现场会议，并根据《中华人民共和国公司法》《中 华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东大会规则》 （以下简称"《股东大会规则》"）以及《宜宾纸业股份有限公司章程》（以下简 称"《公司章程》"）等有关规定，就本次股东大会的召集、召开程序、出席现场 会议人员的资格、召集人资格、会议表决程序及表决结果等事项出具本法律意见。 为出具本法律意见，本所律师审查了《宜宾纸业股份有限公司第十一届董事会 第三十次会议决议公告》《宜宾纸业股份有限公司第十一届监事会第二十一次会议 决议公告》《宜宾纸业股份有限公 ...

龙虎榜数据显示，该股因连续三个交易日内，涨幅偏离值累计达20%、日跌幅偏离值达7%、日振幅值 达15%上榜龙虎榜5次，买卖居前营业部中，营业部席位合计净买入171.32万元。 证券时报网讯，宜宾纸业再度涨停，12个交易日内录得9个涨停，累计涨幅为111.25%，累计换手率为 122.85%。 截至9:44，该股今日成交量1020.73万股，成交金额2.81亿元，换手率5.77%。 最新A股总市值达49.82亿元。 ...

证券时报网讯，宜宾纸业(600793)今日下跌0.65%，全天换手率26.94%，成交额12.65亿元，振幅 22.25%。 龙虎榜数据显示，营业部席位合计净卖出2739.00万元。 上交所公开信息显示，当日该股因日振幅值达22.25%上榜，营业部席位合计净卖出2739.00万元。 ...

Core Viewpoint - Yibin Paper (600793) experienced significant stock volatility, with a recent surge followed by a sharp decline, indicating potential market instability and investor caution [1] Group 1: Stock Performance - The stock opened with a limit increase and then experienced a drastic drop, ultimately hitting the limit down, with a trading volume exceeding 1.2 billion yuan and a turnover rate over 26% [1] - The stock had previously achieved a consecutive seven-day limit increase, resulting in a cumulative rise of 94.82% [1] - On December 13, the stock's turnover rate was reported at 19.39%, indicating high trading activity [1] Group 2: Acquisition Plans - The company plans to acquire a 67% stake in Sichuan Pushi Acetate Fiber Co., Ltd. from its related party, Sichuan Yibin Pushi Group Co., Ltd. [1] - As of July 31, 2024, the audited financial data shows that the target company has total liabilities of 971.12 million yuan and a debt-to-asset ratio of 88.31% [1] - The acquisition is subject to approval from the company's shareholders' meeting and other regulatory procedures, introducing uncertainty regarding its implementation [1] Group 3: Financial Performance - The company reported a net loss attributable to shareholders of 12.97 million yuan for the third quarter of 2024, with a non-recurring net profit loss of 14.56 million yuan [1] - As of the end of the third quarter, total liabilities amounted to 1.943 billion yuan, with a debt-to-asset ratio of 81.19% [1] - Investors are advised to be aware of the operational performance risks associated with the company [1]