Core Insights - Yueyang Lin Paper Co., Ltd. has achieved significant production milestones, with its Yueyang production base exceeding monthly production targets for five consecutive months from May to September this year [1] - The company has effectively optimized resource allocation and enhanced production efficiency amidst fluctuating market conditions, showcasing resilience and vitality in the industry [1] Production Performance - The 11th paper machine has been a key driver of production growth, operating at speeds exceeding design specifications, with a maximum speed of 1700 meters per minute and a stable speed of 1600 meters per minute [1] - From January to September, the 11th paper machine produced over 360,000 tons, achieving 107.1% of its production plan with a premium product rate of 98.4% [1] Technological Advancements - The company has implemented digital transformation of its production lines, leading to improved quality and efficiency [2] - The production of chemical pulp and mechanical pulp has increased by 13.1% and 33.3% respectively compared to the same period last year, enhancing the company's competitive edge in quality and cost [2] Export and Market Strategy - Yueyang Lin Paper is actively increasing its product exports, capitalizing on emerging market opportunities, with significant growth in finished paper exports from January to September [2] - The company has optimized logistics and supply chain management to ensure smooth operations, coordinating with suppliers and enhancing delivery efficiency [2] Industry Context - The demand for cultural paper is rising in rapidly developing regions such as the Middle East and Southeast Asia, while stricter environmental policies in Europe and the U.S. are leading to a reduction in high-energy-consuming paper production [3] - Chinese paper companies, including Yueyang Lin Paper, are leveraging their scale and mature supply chains to establish a competitive advantage in the international market through capacity upgrades and market diversification [3]

Core Viewpoint - The Chinese paper industry is projected to experience growth in production, with a forecasted output of 13.94 million tons of paper and paperboard in July 2025, representing a year-on-year increase of 4.8% [1] Industry Summary - According to the National Bureau of Statistics, the cumulative production of paper and paperboard in China from January to July 2025 is expected to reach 9.3623 million tons, reflecting a cumulative growth of 3.6% [1] - The report by Zhiyan Consulting provides insights into the market research and development prospects of the Chinese paper industry from 2025 to 2031 [1] Company Summary - Listed companies in the paper industry include Sun Paper Industry (002078), Chenming Paper (000488), Bohui Paper (600966), Yueyang Forest & Paper (600963), Shanying International (600567), and Hengfeng Paper (600356) [1]

Core Insights - The appreciation of the Renminbi has positively impacted certain sectors, with the Renminbi appreciation beneficiary sector rising by 0.71% compared to the previous trading day [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Sector Performance - Leading stocks in the Renminbi appreciation beneficiary sector include: - Jingxing Paper (002067) with a closing price of 6.51, up 9.97% and a trading volume of 166,700 shares, totaling a transaction value of 109 million yuan [1] - China Eastern Airlines (600115) closed at 4.20, up 4.48% with a trading volume of 2,430,400 shares, totaling 1 billion yuan [1] - Southern Airlines (600029) closed at 6.23, up 2.98% with a trading volume of 1,246,400 shares, totaling 770 million yuan [1] Fund Flow Analysis - The Renminbi appreciation beneficiary sector experienced a net outflow of 514 million yuan from institutional investors, while retail investors saw a net inflow of 467 million yuan [2] - Notable fund flows include: - China Eastern Airlines with a net outflow of 50.94 million yuan from institutional investors and a net inflow of 34.51 million yuan from retail investors [3] - Jingxing Paper had a net inflow of 43.02 million yuan from institutional investors, but a net outflow of 24.24 million yuan from retail investors [3]

证券代码：600963 证券简称：岳阳林纸 公告编号：2025-044 岳阳林纸股份有限公司 关于参加2025年湖南辖区上市公司投资者网上集体接待日暨半年度业绩说明会活动的公告 ● 活动时间：2025年9月19日（星期五）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"资本聚三湘 楚光耀新程一一2025年湖南辖 区上市公司投资者网上集体接待日暨半年度业绩说明会"活动，现将相关事项公告如下： 二〇二五年九月十七日 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2025年9月19日（星期五） 14:00-17:00。届时公司董事会秘书等相关人员将在线就公司2024年至2025年半年度业绩、公司治理、发 展战略 ...

岳阳林纸股份有限公司 证券代码：600963 证券简称：岳阳林纸 公告编号：2025-044 活动时间：2025 年 9 月 19 日（星期五）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。 关于参加2025年湖南辖区上市公司投资者网上集体接待日 暨半年度业绩说明会活动的公告 特此公告。 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董事会 重要内容提示： 二〇二五年九月十七日 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"资本聚三湘 楚光耀新程——2025 年湖南辖区上市公司投资者网上集 体接待日暨半年度业绩说明会"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， ...

Group 1 - The company provided detailed explanations of major financial indicator changes in its semi-annual report, which also includes information on the first quarter's operations [1] - The current paper industry is relatively sluggish, and the company aims to maintain stable growth in performance through effective production and operational management [1] - The company has signed forestry carbon sink contracts covering approximately 83 million acres, with four afforestation carbon sink projects having completed public announcements and related businesses operating normally [1] Group 2 - Due to policy reasons, carbon sink revenues have not yet been released on a large scale, but it is expected that as the CCER market gradually opens up, it will become a new growth point for performance in the future [1]

Core Insights - Yueyang Lin Paper has been approved as one of the first delivery warehouses for the futures trading of coated printing paper, with its "Yueyang Tower" brand recognized as a deliverable product, enhancing the company's market position and operational capabilities [1][2] Group 1: Company Developments - The company will fully launch the futures standard warehouse receipt generation business for coated printing paper starting November 20, 2025, with a delivery warehouse capacity of 30,000 tons, the highest among all warehouses [2] - The daily shipping capacity is stable at 1,000 tons, ensuring sufficient fulfillment of futures market delivery requirements [2] - The approval of this qualification is a result of nearly two years of cross-departmental collaboration, focusing on upgrading the entire chain from production quality control to risk management [2] Group 2: Market Implications - The introduction of futures trading is expected to address the current issues in the coated printing paper spot market, such as brand and specification diversity and fragmented pricing [2] - The futures market will help consolidate supply and demand information, creating a more transparent pricing benchmark [2] - As the largest producer and consumer of coated printing paper globally, the launch of futures trading is anticipated to enhance China's international pricing power in this sector [2]

Core Viewpoint - The announcement details the resignation of the chairman of Yueyang Lin Paper Co., Ltd., confirming that the resignation will not affect the board's legal composition and that the company will proceed with the election of a new chairman promptly [1][2][3]. Group 1: Resignation Details - The resignation of Mr. Ye Meng will not reduce the board members below the legal minimum, and his resignation will take effect upon the delivery of his resignation report to the board [2]. - Mr. Ye Meng holds 400,000 shares in the company and has fulfilled all public commitments prior to his departure [2]. Group 2: Company Operations - The company has ensured that the transition process has been managed according to its departure management system, and his resignation will not disrupt normal operations [2]. - The board expresses sincere gratitude for Mr. Ye Meng's diligent work and contributions during his tenure [2]. Group 3: Future Actions - The company will complete the election of a new chairman in accordance with legal procedures as soon as possible [3].

Group 1 - The company announced that its chairman, Ye Meng, has resigned due to work adjustments, effective September 4, 2025, although his original term was set to end on January 19, 2025 [2]

Group 1 - Huaneng Power announced that its shareholder Hunan Energy Group plans to reduce its stake by up to 20.31 million shares, not exceeding 1% of the total share capital [1] - Ankai Bus reported a production of 1,012 buses in August, a year-on-year increase of 68.06%, with sales of 773 buses, up 46.95% year-on-year [1] - Lianhuan Pharmaceutical received a drug registration certificate for Famotidine injection, classified as a Class 3 chemical drug [1][2] Group 2 - Dongrui Co. reported sales of 94,800 pigs in August, generating revenue of 160 million yuan, a month-on-month decrease of 5.48% [3] - Tiancheng Control's subsidiary received a notification for a passenger car seat assembly project, expected to start production in April 2026 [5] - ST Huluwa obtained a drug registration certificate for Cefodizime capsules, a third-generation broad-spectrum cephalosporin [6] Group 3 - Jiulong Biotech announced the resignation of its Vice Chairman and General Manager Liang Hongjun due to work adjustments [8] - Guanhua High-tech's shareholder plans to reduce its stake by up to 17.50 million shares, not exceeding 1% of the total share capital [9] - Hebei Steel received approval to issue bonds totaling up to 10 billion yuan [10] Group 4 - Yunnan Energy Investment's subsidiaries received a total of 309 million yuan in renewable energy price subsidies [12] - Zhenghong Technology reported sales of 16,800 pigs in August, with a revenue of 22.87 million yuan, showing a year-on-year increase in sales volume of 63.31% [14] - Jilin Aodong's subsidiary received a drug registration certificate for a solution used in asthma treatment [16] Group 5 - Aonong Biological reported a 26.84% year-on-year increase in pig sales volume in August, reaching 150,100 pigs [18] - Xingdesheng announced a share repurchase plan with a budget of 15 to 30 million yuan [20] - Yueyang Lin Paper's Chairman Ye Meng resigned due to work adjustments [22] Group 6 - Kangchen Pharmaceutical's controlling shareholder plans to reduce its stake by up to 4.78 million shares, not exceeding 3% of the total share capital [23] - Changchun Yidong's General Manager Liu Xiaodong resigned due to work adjustments [25] - Zhongzai Resources' subsidiary received a government subsidy of 12.75 million yuan [26] Group 7 - Tianyu Biological reported a 41.89% month-on-month increase in sales revenue from pig sales in August [27] - Changfei Optical's shareholder Draka Comteq B.V. reduced its stake from 10% to 5% [27] - Zhongchuan Technology's Chairman Wu Xingwang resigned due to work adjustments [28] Group 8 - Huakang Clean announced a successful bid for a medical service construction project valued at 131 million yuan [29] - Yuegui Co. plans to establish a wholly-owned subsidiary with a registered capital of 100 million yuan [31] - Baisheng Intelligent's Vice General Manager and Board Secretary Huang Lijun resigned for personal reasons [32] Group 9 - Jiangsu Shuntian will change its stock name to "Suhao Fashion" starting September 10, 2025 [34] - Jiahe Meikang's shareholder plans to reduce its stake by up to 1.3759 million shares, not exceeding 1% of the total share capital [35] - Heng Rui Pharmaceutical received approval for clinical trials of HRS-4729 injection [37] Group 10 - Changfei Optical's shareholder plans to reduce its stake by up to 110,000 shares, not exceeding 0.15% of the total share capital [39] - Yutong Bus reported sales of 4,260 vehicles in August, a year-on-year increase of 16.78% [40] - JinkoSolar received 646 million yuan in renewable energy subsidies in August, a 248% increase year-on-year [41] Group 11 - Beijing Lier signed a strategic cooperation agreement with SenseTime and Xiwang Technology for AI collaboration [43] - Gongdong Medical's controlling shareholder plans to reduce its stake by up to 3% [44] - Zhonghuan Hailu terminated its control change plan and resumed trading [46] Group 12 - Longzi Co. reported a tax payment of 22.27 million yuan due to a tax audit [48] - Guoguang Chain's controlling shareholder plans to reduce its stake by up to 2.99% [49] - Guoxin Technology successfully tested a new high-performance chip for automotive electronics [50] Group 13 - GF Securities reported a cumulative increase in borrowings exceeding 20% of its net assets [51] - China Construction Bank's subsidiary plans to increase capital by 3 billion yuan [52] - Jifeng Technology plans to establish a wholly-owned subsidiary with a capital of 50 million yuan [53] Group 14 - Jiantou Energy received approval for a stock issuance plan to specific investors [54] - Shanghai Laishi's executives plan to collectively increase their holdings by at least 6 million yuan [55] - Wencan Co. reported a fire incident at its subsidiary, with no casualties reported [56]