证券代码：600963 证券简称：岳阳林纸 公告编号：2024-079 岳阳林纸股份有限公司 关于林木资产损失的公告 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、林木资产损失情况 二、应对措施 灾情发生后，公司已组织力量全力进行抗灾减灾，启动灾情应急预案，进行 了各种形式的自救及相应的补救措施，以确保各项损失降到最低。 三、风险提示 2024 年初，湖南、湖北及江西等地区经历了两轮自 2009 年以来强度和范围 最大的雨雪冰冻灾害。该两轮灾害天气雨雪强度大、覆盖范围广、持续时间长, 给岳阳林纸股份有限公司（以下简称"公司"）子公司湖南茂源林业有限责任公 司（以下简称"茂源林业"）相关区域林业基地造成了损失。 2024 年上半年，茂源林业对大部分受损较轻的未参保林木资产进行了减值 测试，计提了资产减值准备，详见公司于 2024 年 8 月 31 日披露的《岳阳林纸股 份有限公司 2024 年半年度报告》《岳阳林纸股份有限公司关于计提资产减值准备 的公告》。茂源林业同步对参保林木资产要求保险机构进行核查。截至目前，相 关核 ...

证券代码：600963 证券简称：岳阳林纸 公告编号：2024-078 岳阳林纸股份有限公司 关于参加湖南辖区2024年度投资者网上集体接待日 活动的公告 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： 活动时间：2024 年 10 月 10 日（星期四）下午 14:00-17:00 投资者可登录"全景路演"网站（https://rs.p5w.net），或关注微信公众号： 全景财经，或下载全景路演 APP，参与本次互动交流。 为进一步加强与投资者的互动交流，岳阳林纸股份有限公司（以下简称"公 司"）将参加由湖南证监局、湖南省上市公司协会与深圳市全景网络有限公司联 合举办的"湖南辖区 2024 年度投资者网上集体接待日"活动，现将相关事项公 告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2024 年 10 月 10 日（星期四）14:00-17:00。届 时公司 ...

证券代码：600963 证券简称：岳阳林纸 公告编号：2024-077 岳阳林纸股份有限公司 关于全资子公司诚通碳汇中标韩城市林业碳汇资源 合作开发项目的公告 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。 岳阳林纸股份有限公司（以下简称"公司"）全资子公司诚通碳汇经营管理(湖 南)有限责任公司（以下简称"诚通碳汇"）于 2024 年 9 月 20 日收到《韩城市林 业碳汇资源合作开发项目中标通知书》，成为该项目的中标单位，具体情况如下： 一、项目概况 （一）项目名称：韩城市林业碳汇资源合作开发项目 （二）项目地点：陕西省渭南市韩城市 （三）项目开发范围：韩城市现有林业用地面积约 120 万亩，项目开发范围 包括全市符合国家政策许可和中国自愿减排项目（CCER）或其他国际自愿减排项 目（VER）机制可用于申报林业碳汇项目的所有林地（含造林、森林经营项目所涉 及的各类林地），具体面积、范围以申报最后核定的数据为准 （四）服务期限：项目申报期不超过 12 个月，合作开发期 20 年 （五）项目开发费用及收益分成比例 诚通碳汇负责项 ...

股票代码：600963 股票简称：岳阳林纸 公告编号：2024-076 关于直接控制人收到湖南证监局警示函的公告 公司直接控制人收到警示函后，高度重视警示函中指出的问题，将吸取教训， 加强对证券法律法规及规范性文件的学习，不断强化合规意识，切实履行股东义 务，积极维护公司和全体股东的利益。 本次行政监管措施不会影响公司的正常经营管理活动，公司将继续严格按照 有关法律、法规的规定和相关监管要求及时履行信息披露义务。 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。 岳阳林纸股份有限公司（以下简称"公司"）直接控制人中国纸业投资有限 公司（以下简称"中国纸业"）于 2024 年 9 月 14 日（星期六）收到中国证券监 督管理委员会湖南监管局（以下简称"湖南证监局"）出具的《关于对中国纸业 投资有限公司采取出具警示函行政监管措施的决定》（中国证券监督管理委员会 湖南监管局行政监管措施决定书〔2024〕40 号），现将相关情况公告如下： 一、《警示函》主要内容： 经查，中国纸业作为公司的直接控股股东，在公司非公开发行股票购买诚通 凯胜 ...

公司报告 | 半年报点评 | --- | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------|-------------------------------------------------| | 岳阳林纸（ 600963 ） | | 证券研究报告 2024 年 09 月 06 日 | | | 投资评级 | | | 静待业绩改善 | 行业 轻工制造 | / 造纸 | | | 6 | 个月评级 增持（调低评级） | | | 当前价格 ...

股票代码：600963 股票简称：岳阳林纸 公告编号：2024-075 岳阳林纸股份有限公司 关于子公司签署《多伦县碳汇资源开发项目合作合同》的 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: 合同合作期限：21 年。 对上市公司当期业绩的影响：若合同能顺利实施，将对公司实施项目年度 的经营业绩产生积极的影响。 特别风险提示： 1、项目受政策、市场等多方因素影响，推进进度是否符合计划进度存在不确 定性。同时项目预估量受到自然灾害（如洪水、地震等）不可抗力因素影响，可 能导致面积减少，碳汇量也会随之减少。 2、本次合作项目期限较长，如碳汇市场交易价格走低、市场竞争加剧等，可 能会对预期收益产生不利影响。按照森林经营方法学开发的项目，因资金、政策 等因素影响，抚育、补植补造及施肥等措施未到位，可能导致可产生的碳汇量不 及预期。 3、该项目碳汇产生量根据本公司前期开发项目的实际标准作为测算依据，实 际项目中产生碳汇量可能受气候条件、经营措施等自然及人为因素的影响，可能 不及预期。 4、公司预计该项目整体收益对公 ...

Investment Rating - The report maintains a "Recommended" rating for the company, with an expected net profit of 0.9 billion, 5.0 billion, and 5.8 billion for the years 2024 to 2026, corresponding to PE ratios of 72, 13, and 11 respectively [3][5]. Core Views - The company's main business is currently under pressure, but the carbon sink business is expected to have significant potential in the future. The company has prepared well for the CCER (China Certified Emission Reduction) approval process, aiming for early profit conversion [3][5]. - The company reported a revenue of 35.74 billion in the first half of 2024, a year-on-year increase of 23.91%, but a net profit loss of 0.49 billion, a decline of 147.24% [3][4]. - The report highlights that the main business is facing supply and demand pressures, along with asset impairment losses due to uncontrollable factors [3][4]. Financial Performance Summary - In the first half of 2024, the revenue from various paper products showed mixed results: printing paper revenue decreased by 20.98% to 19.52 billion, while packaging paper revenue increased by 18.67% to 5.34 billion. Industrial paper and office paper revenues saw significant declines of 79.08% and a slight increase of 0.73%, respectively [3]. - The gross profit margin for the first half of 2024 decreased by 2.57 percentage points to 7.77%, with specific margins for printing paper, packaging paper, industrial paper, and office paper at 9.54%, 6.7%, 8.86%, and 5.5%, respectively [3]. - The company’s operating cash flow for the second quarter of 2024 was 2.32 billion, an increase of 88.94% year-on-year, primarily due to reduced procurement [3][4]. Future Outlook - The company is expected to stabilize its main business in the third quarter of 2024, with the reopening of CCER providing potential for profit elasticity. The company aims to sign contracts for 50 million mu of forestry carbon sinks by the end of 2025 [3][5].

Financial Performance - The company's operating revenue for the first half of 2024 was ¥3,573,650,363.21, a decrease of 23.91% compared to ¥4,696,410,793.39 in the same period last year[13]. - The net profit attributable to shareholders of the listed company was -¥48,616,641.62, representing a decline of 147.24% from ¥102,915,887.68 in the previous year[13]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥45,483,719.36, a decrease of 182.22% compared to ¥55,322,337.29 in the same period last year[13]. - The basic earnings per share for the first half of 2024 was -¥0.03, a decline of 150.00% compared to ¥0.06 in the same period last year[14]. - The diluted earnings per share for the first half of 2024 was also -¥0.03, reflecting a 150.00% decrease from ¥0.06 in the previous year[14]. - The total profit for the first half of 2024 was CNY -20,531,811.59, compared to CNY 118,295,944.83 in the same period of 2023[164]. - The comprehensive income for the first half of 2024 shows a loss of RMB 48,616,641.62, reflecting a significant decline from the previous period[171]. Cash Flow and Assets - The net cash flow from operating activities was ¥242,901,487.19, an increase of 77.01% from ¥137,221,952.84 in the previous year[13]. - The total assets at the end of the reporting period were ¥16,347,494,704.29, an increase of 2.38% compared to ¥15,967,802,309.93 at the end of the previous year[13]. - The total cash and cash equivalents at the end of the first half of 2024 reached CNY 911,017,535.30, a significant increase from CNY 283,690,338.71 at the end of the first half of 2023[169]. - The company's total assets at the end of the first half of 2024 are RMB 8,377,766,427.16, reflecting a decrease from the previous year[172]. - The company's current assets totaled approximately CNY 9.29 billion, slightly up from CNY 9.28 billion at the end of 2023, indicating a marginal increase of 0.01%[156]. Industry and Market Conditions - The company's net profit attributable to shareholders decreased due to weak market demand in the cultural paper industry and increased competition, leading to a decline in sales prices that outpaced cost reductions[15]. - The cultural paper industry saw a production increase of 11.8% year-on-year, with a total output of 7,661.3 million tons in the first half of 2024[21]. - The ecological landscaping industry faces challenges due to reliance on government investment, with a shift towards specialized market operations[30]. - The industry is transitioning from government-focused projects to consumer-oriented services, emphasizing operational management of existing markets[31]. Environmental Initiatives - The company emphasizes clean production and energy conservation, having received the national "Green Factory" title[20]. - The company has established a comprehensive carbon sink solution platform, focusing on carbon sink development, trading, and financial services, in line with national "dual carbon" strategies[38]. - The company achieved ultra-low emissions standards for flue gas from coal-fired boilers during the reporting period, with all waste gas treatment facilities operating normally and pollutant discharge concentrations below limits[91]. - The company has implemented a project to produce 450,000 tons of cultural paper annually, aimed at enhancing quality and efficiency[80]. - The company has invested significantly in advanced pollution control technologies and facilities, achieving wastewater treatment levels that exceed national discharge standards[117]. Strategic Developments - The company is exploring new business directions, including ecological tourism and urban renewal, to leverage digital assets in environmental management[32]. - The company is focusing on optimizing its industrial structure and has terminated its only PPP project to enhance operational efficiency[45]. - The company plans to enhance its digital marketing strategy, aiming for a 20% increase in online engagement over the next six months[109]. - The company is actively expanding its forestry carbon sink projects across various regions, indicating a strategic focus on environmental sustainability[143]. Shareholder and Governance Matters - The company has committed to minimizing and regulating related party transactions with Chengtong Group and its controlled enterprises, ensuring transactions are conducted at market prices and do not harm the interests of the company and its shareholders[125]. - Significant changes in management included the resignation of several key executives, including the CFO and General Manager, with new appointments made in April and May 2024[76][78]. - The company has completed the registration of 3,553.50 million shares under its 2020 restricted stock incentive plan, with adjustments made due to employee departures[79]. - The total amount of related party transactions during the reporting period was approximately RMB 436,406,759.44, with the largest transaction being the purchase of materials from Taige Lin Paper Group amounting to RMB 150,770,746.78, accounting for 4.14% of similar transactions[129]. Research and Development - The company has invested heavily in technology research and development, holding numerous patents and receiving multiple provincial and national awards for technological advancement[44]. - The company is focusing on R&D for new technologies, with a budget allocation of $50 million aimed at developing advanced environmental monitoring solutions[110]. - Research and development expenses decreased to CNY 87,525,325.00, down 28.7% from CNY 122,917,304.22 in the previous year[165].

证券代码：600963 证券简称：岳阳林纸 公告编号：2024-071 岳阳林纸股份有限公司 一、说明会类型 本次业绩说明会以网络互动形式召开，公司将针对 2024 年半年度的经营成 果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围 内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 关于召开2024年半年度业绩说明会的公告 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： 会议召开时间：2024 年 10 月 8 日(星期二)下午 16:00-17:00 会议召开地点： 上海证券 交易所上证路演中心（ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 9 月 24 日(星期二)至 9 月 30 日(星期一)16:00 前登录上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 zqb-yylz@chinapaper.com.cn 进行提 ...

岳阳林纸股份有限公司 章 程 | 第一章 | 总则 2 | | --- | --- | | 第二章 | 经营宗旨和范围 3 | | 第三章 | 股份 3 | | 第一节 | 股份发行 3 | | 第二节 | 股份增减和回购 4 | | 第三节 | 股份转让 6 | | 第四章 | 股东和股东大会 6 | | 第一节 | 股东 6 | | 第二节 | 股东大会的一般规定 10 | | 第三节 | 股东大会的召集 13 | | 第四节 | 股东大会的提案与通知 14 | | 第五节 | 股东大会的召开 15 | | 第六节 | 股东大会的表决和决议 18 | | 第五章 | 董事会 22 | | 第一节 | 董事 22 | | 第二节 | 董事会 25 | | 第六章 | 总经理及其他高级管理人员 28 | | 第七章 | 监事会 30 | | 第一节 | 监事 30 | | 第二节 | 监事会 31 | | 第八章 | 党委 32 | | 第九章 | 财务会计制度、利润分配和审计 32 | | 第一节 | 财务会计制度 33 | | 第二节 | 内部审计 36 | | 第三节 | 会计师事务所的聘任 36 | ...