岳阳林纸 2023 年度暨 2024 年第一季度业绩说明会召开情况 | 序号 | 问题内容 | 回答内容 | | --- | --- | --- | | | 作 为 贵 公 司 子 公 司 的 一 把 手，刘建国一直减持母公司的股 | 您好，刘建国先生不属于持有本公司 5%以上 股份的股东、董事、监事、高级管理人员，减持属 | | | 票，造成大量抛盘，股价连年创 | 于其根据资金规划需求而发生的个人行为;公司一 | | 1 | 新低，央企市值管理如何做？公 | 直以来高度重视市值管理和股东回报工作，坚持以 | | | 司管理层都做不到位，还如何做 | 价值创造为核心的市值管理理念，近年，公司也通 | | | 市值管理？不考虑公司的口碑和 | 过股份回购、派发现金红利等多样化的方式在积极 | | | 风评吗？ | 回报股东权益。谢谢您的关注！ | | 2 | | 您好！全国温室气体自愿减排交易（CCER） | | | 碳 汇 交 易 放 开 似 乎 遥 遥 无 | 市场已于 2024 年 1 月 22 日在北京正式启动。公 | | | 期，饼画了两年还没兑现，建议 | 司也一直在专注于做好主业，不断提升市场竞 ...

岳阳林纸股份有限公司 600963 2023 年年度股东大会资料 二〇二四年四月二十九日 0 一、会议召集人：公司董事会 二、会议召开的日期、时间： 现场会议召开时间：2024 年 4 月 29 日 14 点 网络投票起止时间：自 2024 年 4 月 29 日至 2024 年 4 月 29 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00 三、会议的表决方式：现场投票与网络投票相结合 四、现场会议地点：中国（湖南）自由贸易试验区岳阳片区长江大道西新港 多式联运物流园 001 号 19 楼会议室 五、股权登记日：2024 年 4 月 19 日 议程安排 六、会议出席对象 1、在股权登记日 2024 年 4 月 19 日持有公司股份的股东。于股权登记日下 午收市时中国证券登记结算有限责任公司上海分公司登记在册的公司全体股东 均有权出席股东大会，并可以以书面形式委托代理人出席会议和参加表决。该代 理人不必是公司股东。 2、 ...

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 层 410007 电话：（0731）82953-778 传真：（0731）82953-779 湖南启元律师事务所 关于 岳阳林纸股份有限公司 2020年限制性股票激励计划 回购注销部分限制性股票实施情况的 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"启元"或"本所"）接受岳阳林纸股份有 限公司（以下简称"岳阳林纸"、"公司"或"上市公司"）的委托，担任岳阳林 纸 2020 年限制性股票激励计划（以下简称"本次激励计划"、"本激励计划"或 "激励计划"）的专项法律顾问。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华 人民共和国证券法》（以下简称"《证券法》"）、《上市公司股权激励管理办法》 （以下简称"《管理办法》"）等现行法律、法规和规范性文件的有关规定以及 《岳阳林纸股份有限公司章程》（以下简称"《公司章程》"）、《2020 年限制性股 票激励计划（草案）》（以下简称"《激励计划（草案）》"），按照律师行业公认的 业务标准、道德规范和勤勉尽责精神，现就公司 202 ...

证券代码：600963 证券简称：岳阳林纸 公告编号：2024-039 岳阳林纸股份有限公司 关于股权激励限制性股票回购注销的实施公告 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： ●回购注销原因：回购股权激励限制性股票并注销 ●本次注销股份的有关情况 | 回购股份数量（股） | 注销股份数量（股） | 注销日期 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 2,034,000 | 2,034,000 | 2024 | 年 | 4 | 月 | 25 | 日 | 一、本次限制性股票回购注销的决策与信息披露 岳阳林纸股份有限公司（以下简称"公司"）于 2024 年 1 月 19 日召开了第八 届董事会第二十一次会议、第八届监事会第十四次会议，审议通过了《关于回购注 销部分限制性股票的议案》。因 2020 年限制性股票首次授予激励对象中的 14 人调 动至公司实际控制人或其下属其他公司、2 人离职，上述 16 人已获授但尚未获准 解除 ...

Investment Rating - The report maintains a "Recommended" rating for the company [4]. Core Views - The company's Q1 2024 revenue was 1.96 billion yuan, a year-on-year decrease of 22.31%, with a net profit attributable to shareholders of 81 million yuan, down 7.60% year-on-year. The company reported a net profit of -41 million yuan after deducting non-recurring items, indicating a shift to a loss compared to the previous year [2]. - The decline in revenue is attributed to reduced market demand and increased competition, particularly with new production capacities from competitors. The average selling price of paper products has also decreased compared to the same period last year [2]. - The gross profit margin for Q1 2024 was 7.05%, down 4.76 percentage points year-on-year, primarily due to falling paper prices. The company anticipates a potential rebound in demand and profitability as the market stabilizes [2]. - The company has signed contracts for carbon credit development covering 4.42 million acres, with expectations to reach 5 million acres by 2025. The resumption of CCER trading is expected to enhance profit margins from carbon credit income [2]. Financial Summary - For 2024, the company forecasts total revenue of 8.64 billion yuan, with a growth rate of -11.7%. The net profit attributable to shareholders is projected to be 419 million yuan, reflecting a significant recovery from a loss of 238 million yuan in 2023 [3]. - The earnings per share (EPS) for 2024 is estimated at 0.23 yuan, with a price-to-earnings (PE) ratio of 19 [3]. - The report outlines a gradual improvement in profitability, with net profits expected to reach 548 million yuan in 2025 and 633 million yuan in 2026, corresponding to PE ratios of 15 and 13, respectively [3].

证券代码：600963 证券简称：岳阳林纸 公告编号：2024-038 岳阳林纸股份有限公司 第八届监事会第十七次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 （一）岳阳林纸股份有限公司（以下简称"公司"）第八届监事会第十七次 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）监事会会议通知和材料发出的时间、方式 本次监事会会议通知和材料于 2024 年 4 月 12 日以电子邮件的方式发出。 （三）监事会会议召开情况 本次会议于 2024 年 4 月 18 日以通讯表决方式召开。会议应出席监事 3 人， 实际出席 3 人，会议由监事会主席周雄华主持。 二、 监事会会议审议情况 （一）会议以3票同意、0票反对、0票弃权审议通过了《岳阳林纸股份有限 公司2024年第一季度报告》，并发表如下意见： 1、公司 2024 年第一季度报告的编制和审议程序符合法律、法规、公司章程 和公司内部管理制度的规定。 2、公司 2024 年第一季 ...

Financial Performance - The net profit attributable to shareholders, excluding non-recurring gains and losses, decreased by 164.80% due to weak market demand and intense competition, leading to a decline in paper product prices [4]. - The company's operating revenue for the first quarter of 2024 was CNY 1,959,748,049.61, representing a decrease of 22.31% compared to the same period last year [36]. - The net profit attributable to shareholders of the listed company was CNY 80,843,481.85, down by 7.60% year-on-year [36]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -40,714,104.24, a significant decrease of 164.80% [36]. - The net cash flow from operating activities was CNY 10,668,386.41, down by 25.45% compared to the previous year [36]. - The basic earnings per share for the period was CNY 0.05, unchanged from the previous year [36]. - The diluted earnings per share was also CNY 0.05, consistent with the previous year [36]. - The weighted average return on net assets was 0.93%, a decrease of 0.02 percentage points [36]. - Net profit for the period was $81.45 million, down from $88.03 million, representing a decline of 7.0% [50]. - The company's total comprehensive income attributable to owners of the parent for Q1 2024 was CNY 80,843,481.85, down from CNY 87,491,757.29 in Q1 2023, a decrease of 7.5% [65]. Assets and Liabilities - Cash and cash equivalents increased to RMB 884,031,321.21 as of March 31, 2024, compared to RMB 788,459,535.89 at the end of December 2023 [10]. - Accounts receivable rose to RMB 822,252,416.57 as of March 31, 2024, up from RMB 698,441,505.81 at the end of December 2023 [10]. - The company’s total liabilities decreased to CNY 7,167,961,817.90 in Q1 2024 from CNY 7,238,111,804.26 in Q1 2023, a reduction of 0.97% [62]. - The company’s long-term borrowings decreased to CNY 1,451,483,696.94 in Q1 2024 from CNY 1,607,270,678.57 in Q1 2023, a decline of 9.7% [62]. - Total assets at the end of the reporting period were $15.75 billion, down 1.35% from $15.97 billion at the end of the previous year [54]. - Equity attributable to shareholders of the listed company decreased to $8.54 billion, a decline of 1.69% from $8.68 billion [54]. Investments and Expenses - The company reported government subsidies of RMB 4,334,062.19 that are closely related to its normal business operations [1]. - The company reported a return of VAT tax fees amounting to RMB 17,657,246.56, which is related to its normal business operations [27]. - R&D expenses decreased to $68.44 million from $88.80 million, a reduction of approximately 22.9% [50]. - Financial expenses decreased to $31.17 million from $35.68 million, a decrease of about 12.5% [50]. - The company received CNY 3.50 billion from the repurchase of project assets related to the terminated PPP project, contributing a profit of CNY 10.23 million for the first quarter [43]. - The company reported a significant increase in investment income to $140.47 million from $0.38 million, indicating a substantial growth in investment performance [50]. Operational Changes - The company transferred 38.72% equity of its subsidiary, Shuangyang High-Tech, for RMB 142.235 million, which will no longer be included in the consolidated financial statements starting March 2024 [7]. - The company experienced significant adverse effects on its timber assets due to severe rain and snowstorms in Hunan and Hubei provinces, with the specific impact amount currently under verification [8]. - The company plans to continue its investment in upgrading its comprehensive technology capabilities following the approval from the shareholders' meeting [7]. - The company is advancing a project to produce 450,000 tons of cultural paper, aiming to establish a green, energy-efficient, and intelligent manufacturing base [59]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 58,855 [40]. - The company has no preferred shareholders with restored voting rights at the end of the reporting period [40].

证券代码：600963 证券简称：岳阳林纸 公告编号：2024-037 岳阳林纸股份有限公司 第八届董事会第二十七次会议决议公告 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。 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"）第八届董事会第二十七 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 本次董事会会议通知和材料于 2024 年 4 月 12 日以电子邮件的方式发出。 （三）董事会会议召开情况 本次董事会会议于 2024 年 4 月 18 日以通讯表决方式召开。会议应出席董事 6 人，实际出席 6 人。会议由董事长叶蒙主持。 二、 董事会会议审议情况 （一）会议以 6 票同意、0 票反对、0 票弃权审议通过了《岳阳林纸股份有 限公司 2024 年第一季度报告》。 该报告已经公司第八届董事会审计委员会第十八次会议审议通过，审计委 员会同意报告中的财务会计报表及其他财务信息，同意将该报告提交公司董事 ...

Investment Rating - The report maintains a "Recommended" rating for the company, with a current price of 4.89 yuan [6]. Core Views - The company reported a total revenue of 8.641 billion yuan in 2023, a year-on-year decrease of 11.66%. The net profit attributable to the parent company was -238 million yuan, with a non-recurring net profit of 9 million yuan, down 98.32% year-on-year [1][5]. - The demand for cultural paper in 2023 was weak, and the landscaping industry continued to face low demand. The overall consumption of the global cultural paper industry declined, leading to increased competition and a drop in product prices [5]. - The company’s revenue from various segments in 2023 was as follows: paper industry 5.942 billion yuan (-8.40%), forestry 933 million yuan (+21.89%), chemical industry 202 million yuan (-3.51%), construction installation 320 million yuan (+13.18%), and municipal landscaping 659 million yuan (-32.90%) [5]. - The gross profit margins for different products were reported as follows: printing paper 9.4%, packaging paper 7.5%, office paper 6.9%, industrial paper 2.8%, wood products 2.5%, and chemical products 32.5%, with notable declines in most categories [5]. Financial Summary - The company’s total revenue for 2023 was 8.641 billion yuan, with a projected growth rate of -11.66% for the year. The net profit attributable to the parent company is expected to improve to 417 million yuan in 2024, with a growth rate of 275.15% [7][13]. - The company anticipates a recovery in net profit to 578 million yuan in 2025 and 665 million yuan in 2026, with corresponding PE ratios of 21, 15, and 13 [7][13]. - The company has signed contracts for carbon credit development covering 4.42 million acres, with plans to reach 5 million acres by 2025, which may enhance profitability through higher-margin carbon credit income [5][12].

证券代码：600963 证券简称：岳阳林纸 公告编号：2024-035 岳阳林纸股份有限公司 关于召开 2023 年度暨 2024 年第一季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： （网址：https://roadshow.sseinfo.com/） 岳阳林纸股份有限公司（以下简称"公司"）已于 2024 年 4 月 4 日发布公司 2023 年年度报告，将于 2024 年 4 月 19 日发布 2024 年第一季度报告，为便于广 大投资者更全面深入地了解公司 2023 年度及 2024 年第一季度经营成果、财务状 况，公司计划于 2024 年 4 月 19 日上午 11:00-12:00 举行 2023 年度暨 2024 年第 一季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 4 月 12 日（星期五）至 4 月 18 日（星期四）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 ...