证券代码：600963 证券简称：岳阳林纸 公告编号：2025-027 岳阳林纸股份有限公司 关于全资子公司诚通碳汇中标林业碳汇合作开发项目 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"）2025 年 4 月 22 日收到《关于百色市 乐业县林业碳汇合作开发项目招商结果的函》，成为该项目招商中选单位，具体 情况如下： 一、项目概况 （一）项目合作范围 乐业县现有林业用地面积 328.58 万亩，其中有林地面积 276 万亩（数据来源： 该项目招商公告）。项目开发范围包括全县符合国家政策允许和中国自愿减排项 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),实际面积、范围以项目最终的审定 与核证为准。 项目采取全过程包干的方式合作开发，开发费用由开发商负担。项目采用利 润分成模式合作开发。 二、对公司的影响 1 （二）项目开发时限与合 ...

Summary of Conference Call on Fluff Pulp Industry Industry Overview - The fluff pulp market is facing a price increase pressure of 20%-30% due to supply constraints [1] - High-end fluff pulp is made from softwood and is suitable for baby diapers, while mid-range fluff pulp is used for regular sanitary napkins, with differences in raw materials and performance [1] - Imported fluff pulp, primarily from North America and Northern Europe, has superior fiber length and strength compared to domestic materials [1][5] - China relies heavily on imports for fluff pulp due to the scarcity of softwood resources [1][6] Key Points and Arguments - Current fluff pulp prices are approximately $1,050 per ton for IPH and around 8,100-8,200 RMB per ton for domestic softwood pulp [1][7] - If tariffs remain unchanged, domestic prices are expected to exceed 9,000 RMB, while imported products may reach around 12,000 RMB [1][7] - New production capacities are being introduced both domestically and internationally, which may alleviate supply tightness [1][8] Supply Chain and Market Dynamics - The fluff pulp supply chain is under pressure due to the U.S.-China trade war, which has increased import costs by about 50% [2] - Domestic companies are responding to rising costs by building new factories and managing inventory [9][10] - The majority of high-quality fluff pulp is concentrated in North America and Northern Europe, with China producing only a small fraction of its annual demand of approximately 1 million tons [6] Downstream Impact - Downstream companies, including those producing baby diapers and sanitary products, are significantly affected by rising costs [2][11] - The cost of fluff pulp constitutes about 10% of the total production cost for female hygiene products, allowing for some buffer against price increases [12] - Companies are currently observing market conditions and managing inventory levels to mitigate immediate impacts [12][14] Future Considerations - The price volatility of fluff pulp will test the supply chain management capabilities of downstream brands [13] - Smaller companies may face greater pressure and could pause production plans if they continue to rely on imported materials [13][14] - It is recommended to monitor fluff pulp price fluctuations and adjust procurement strategies to ensure supply chain stability [15]

第一季度财务报表是否经审计 □是 √否 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600963 证券简称：岳阳林纸 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 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息的真 实、准确、完整。 一、主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 ■ 追溯调整或重述的原因说明 2024年12月公司完成了同一控股股东控制的湖南骏泰新材料科技有限责任公司（以下简称"骏泰科技"） 100%股权收购，骏泰科技成为公司的全资子公司并纳入公司合并报表范围。根据《企业会计准则第2号 一一长期股权投资》《企业会计准则第20号一一企业合并》《企业会计准则第33号一一合并财务报表》 的相关规定，因上述同一控制下合并范围变化调整，公司相应对上年同期合并财务报表进行了追溯调 整 ...

证券代码：600963 证券简称：岳阳林纸 公告编号：2025-026 岳阳林纸股份有限公司 关于全资子公司诚通碳汇中标林业碳汇合作开发项目 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"）近日收到《成交通知书》，成为勐腊 县林业碳汇合作开发项目的中标单位，具体情况如下： 一、项目概况 （一）项目合作范围 （三）项目合作方式 项目采取全过程包干的方式合作开发，开发费用由开发商负担。项目采用利 润分成模式合作开发。 二、对公司的影响 公司借力国家实现"3060""碳达峰、碳中和"目标的机遇，积极布局碳汇 交易业务。诚通碳汇是央企碳资产的经营平台，参与我国林业碳汇的国家标准— —《林业碳汇项目审定和核证指南》的制定。如以上项目合同签订并顺利实施， 1 将对公司实施项目年度的经营业绩产生积极的影响，并进一步提高公司的碳汇市 场影响力，提升公司品牌形象。 本次项目中标对公司业务、经营的独立性不会产生影响，公司不会因此 ...

证券代码：600963 证券简称：岳阳林纸 公告编号：2025-025 岳阳林纸股份有限公司 第八届董事会第四十二次会议决议公告 本次董事会会议通知和材料于 2025 年 4 月 15 日以电子邮件的方式发出。 （三）董事会会议召开情况 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、董事会会议召开情况 （一）岳阳林纸股份有限公司（以下简称"公司"）第八届董事会第四十二 次会议的召开符合《公司法》等有关法律、行政法规、部门规章、规范性文件和 《岳阳林纸股份有限公司章程》的规定。 （二）董事会会议通知和材料发出的时间、方式 同意全资子公司湖南骏泰新材料科技有限责任公司投资 4,799.70 万元实施 年产 5 万吨绒毛浆纤维材料技改项目。项目建设周期约为 12 个月。 （三）会议以 7 票同意、0 票反对、0 票弃权审议通过了《关于修订<岳阳林 纸股份有限公司企业负责人履职待遇、业务支出管理办法>的议案》。 特此公告。 岳阳林纸股份有限公司董事会 二〇二五年四月二十二日 本次董事会会议于 2025 年 4 月 21 日以通讯 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,108,519,044.43, a decrease of 16.44% compared to CNY 2,523,238,522.90 in the same period last year[4] - Net profit attributable to shareholders was CNY 46,921,525.35, down 68.39% from CNY 148,438,105.72 year-on-year[4] - Basic and diluted earnings per share decreased by 62.50%, from CNY 0.08 to CNY 0.03[5] - Total operating revenue for Q1 2025 was CNY 2,108,519,044.43, a decrease of 16.5% compared to CNY 2,523,238,522.90 in Q1 2024[21] - Net profit for Q1 2025 was CNY 47,759,389.56, a decline of 68.0% from CNY 149,049,036.00 in Q1 2024[22] - Earnings per share for Q1 2025 was CNY 0.03, compared to CNY 0.08 in Q1 2024[23] Cash Flow - The cash flow from operating activities showed a significant decline, with a net outflow of CNY 536,806,543.97 compared to a positive inflow of CNY 220,009,655.18 in the previous year, representing a decrease of 343.99%[4] - Cash inflow from operating activities in Q1 2025 was CNY 2,018,411,642.60, down from CNY 2,349,922,592.62 in Q1 2024[25] - Cash paid for goods and services in Q1 2025 was CNY 2,137,820,233.96, an increase from CNY 1,675,126,918.64 in Q1 2024[25] - The net cash flow from operating activities was -536,806,543.97, a significant decrease compared to 220,009,655.18 from the previous period[26] - Total cash outflow from operating activities amounted to 2,555,218,186.57, up from 2,129,912,937.44[26] - The ending cash and cash equivalents balance was 714,766,141.54, compared to 662,680,648.53 in the previous period[26] Assets and Liabilities - The total assets at the end of the reporting period were CNY 19,999,296,843.01, a decrease of 1.88% from CNY 20,383,369,579.73 at the end of the previous year[5] - Total liabilities decreased from CNY 12,438,909,954.29 to CNY 11,987,076,723.68[19] - Total equity increased from CNY 7,944,459,625.44 to CNY 8,012,220,119.33[19] - Current liabilities decreased to ¥8,258,310,845.93 from ¥9,204,586,969.09, a reduction of approximately 10.3%[18] - Long-term borrowings increased to ¥3,671,726,034.85 from ¥3,172,745,737.18, an increase of about 15.7%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period was 56,907[13] - The largest shareholder, Taige Paper Group Co., Ltd., holds 506,424,101 shares, accounting for 28.68% of total shares[13] - The company has no significant changes in major shareholders or their shareholding status during the reporting period[14] Operational Changes - The company completed the acquisition of 100% equity in Hunan Juntai New Materials Technology Co., Ltd., which is now a wholly-owned subsidiary included in the consolidated financial statements[5] - The company plans to start trial production of a 450,000-ton cultural paper project by the end of 2024, enhancing production capacity and optimizing product structure[15] Cost and Expenses - The increase in raw material costs, particularly for pulp board, significantly impacted cash outflows during the reporting period[11] - The company reported a decrease in investment income due to the absence of equity disposals compared to the previous year[11] - The company reported a significant reduction in R&D expenses, from CNY 94,056,423.00 in Q1 2024 to CNY 54,744,861.68 in Q1 2025[22] - The company’s investment income decreased from CNY 140,473,051.86 in Q1 2024 to CNY 914,443.15 in Q1 2025[22]

岳阳林纸：2025年第一季度净利润4692.15万元，同比下降68.39% 金十数据4月21日讯， 岳阳林纸公告，2025年第一季度营收为21.09亿元，同比下降16.44%；净利润为 4692.15万元，同比下降68.39%。 ...

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific stocks Core Insights - The 'national team', represented by Central Huijin, is actively increasing its ETF holdings to stabilize the capital market and rebuild investor confidence, which has positively impacted market sentiment and led to a rebound in the A-share market [2][10][11] - Central Huijin's financial strength and access to liquidity support from the People's Bank of China (PBoC) enable it to significantly increase its market position in extreme scenarios [3][17][20] - The national team's ETF purchases in 2024 reached over RMB 770 billion, indicating a substantial commitment to maintaining market stability [4][33] Summary by Sections National Team's Role - Central Huijin has positioned itself as a "quasi-stabilisation fund" in the capital market, demonstrating its resolve to maintain stability through increased ETF holdings [2][10] - The national team's actions have led to a notable increase in trading volumes of various A-share ETFs since early April 2025 [11][12] Market Impact - The national team's ETF purchases were primarily concentrated in the CSI 300 index, which accounted for 71% of its total net inflow in 2024 [5][10] - The turnover of CSI 500 and CSI 1000 ETFs saw significant increases of 397% and 732% respectively compared to daily averages from the previous year, indicating heightened market activity [5][11] State-Owned Capital Involvement - State-owned capital operation platforms, such as China Chengtong and China Reform, have announced plans to increase their A-share holdings through ETFs, further supporting market stability [21][22] - These platforms are utilizing substantial relending funds (RMB 100 billion and RMB 80 billion respectively) for stock repurchases, indicating a coordinated effort to bolster the market [22][23] Historical Context - The national team's previous interventions, such as in 2015, involved significant market purchases, with aggregate shareholdings exceeding RMB 1.24 trillion, highlighting its historical role in stabilizing the market during downturns [4][39]

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 证券代码：600963 证券简称：岳阳林纸 公告编号：2025-024 岳阳林纸股份有限公司 2024 年年度股东大会决议公告 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 415 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 784,364,591 | | 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（%） | 44.4210 | (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 本次股东大会由公司董事会召集，由公司董事长叶蒙主持。大会采取现场投 票与网络投票相结合的表决方式，符合《公司法》及《公司章程》的规定。 二、 议案审议情况 1 (一) 股东大会召开的时间：2025 年 4 月 2 日 (二) 股东大会召开的地点：湖南省岳阳市云溪区新港多式联运物流园 001 号岳 阳林纸办公楼 19 楼会议室 (三) 出席会议 ...

湖南启元律师事务所 关于 岳阳林纸股份有限公司 2024年年度股东大会的 法律意见书 湖南省长沙市芙蓉区建湘路 393 号世茂环球金融中心 63 楼 410005 电话：（0731）82953-778 传真：（0731）82953-779 网站：www.qiyuan.com 致：岳阳林纸股份有限公司 湖南启元律师事务所（以下简称"本所"）接受岳阳林纸股份有限公司（以下简 称"公司"）委托，对公司 2024 年年度股东大会（以下简称"本次股东大会"）进行 现场见证，并根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司股 东大会规则》（以下简称"《股东大会规则》"）等中国现行法律、法规、规范性文件以 及《岳阳林纸股份有限公司章程》（以下简称"《公司章程》"）的相关规定，出具本法 律意见书。 为出具本法律意见书，本所指派本所律师列席了本次股东大会，按照律师行业公 认的业务标准、道德规范和勤勉尽责精神，对本次股东大会进行了现场见证，并核查 和验证了公司提供的与本次股东大会有关的文件、资料和事实。 本所出具本法律意见书是基于公司向本所保证：公司已向本所提供了为出具本法 律意见书所必需的资料和信息，一切足 ...