证券代码：600966 证券简称：博汇纸业 公告编号：2025-032 山东博汇纸业股份有限公司 关于出售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： 山东博汇纸业股份有限公司（以下简称"公司"或"博汇纸业"）拟向 关联方广西金桂浆纸业有限公司（以下简称"广西金桂）、金隆浆纸业（江苏） 有限公司（以下简称"金隆浆纸业"）出售部分化机浆闲置资产，按照评估金 额 3,297.80 万元进行交易。 根据《上海证券交易所股票上市规则》及《上海证券交易所上市公司自 律监管指引第 5 号——交易与关联交易》等相关规定，上述行为构成关联交易。 本次关联交易不构成《上市公司重大资产重组管理办法》规定的重大资 产重组。 本次关联交易未达到股东大会批准审议标准，也不需要经过其他相关部 门批准。 除已披露的关联交易外，过去 12 个月内公司与同一关联人或与不同关 联人之间交易类别相关的交易的累计次数（不含本次交易）为 19 次，金额为 2,512.19 万元（日常关联交易除外）。 一、关联交易概述 （四）至本 ...

证券代码：600966 证券简称：博汇纸业 编号：临 2025-030 | | 华人民共和国证券法》（以下简称 | 法》）《中华人民共和国证券法》（以 | | --- | --- | --- | | | 《证券法》）和其他有关规定，制订 | 下简称《证券法》）和其他有关规定， | | | 本章程。 | 制定本章程。 | | | 第八条 董事长为公司的法 | 第八条 董事长为公司的法定 | | | 定代表人。 | 代表人。 | | | | 董事长辞任的，视为同时辞去 | | 第二条 | | 法定代表人。 | | | | 法定代表人辞任的，公司将在 | | | | 法定代表人辞任之日起 30 日内确 | | | | 定新的法定代表人。 第九条 法定代表人以公司名 | | | | 义从事的民事活动，其法律后果由 公司承受。 | | | | 本章程或者股东会对法定代表 | | | | 人职权的限制，不得对抗善意相对 | | 新增 | | 人。 | | | | 法定代表人因为执行职务造成他人 | | | | 损害的，由公司承担民事责任。公 | | | | 司承担民事责任后，依照法律或者 | | | | 本章程的规定，可 ...

证券代码：600966 证券简称：博汇纸业 公告编号：临 2025-033 山东博汇纸业股份有限公司 （二）2025 年度日常关联交易增加预计情况 关于公司增加2025年日常关联交易预计额度的公告 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： 本次关联交易议案无须提交股东大会审议。 本次增加日常关联交易所涉及业务为经营性往来，对公司持续经营能力、 损益及资产状况不会产生重大影响，不会导致公司对关联人形成较大依赖。 一、日常关联交易基本情况 (一)日常关联交易履行的审议程序 为保证山东博汇纸业股份有限公司（以下简称"公司"或"博汇纸业"） 及子公司的生产经营稳定，公司计划 2025 年与宁波亚洲浆纸业有限公司（以下 简称"宁波亚浆"）增加日常关联交易预计额度。 公司于 2025 年 10 月 29 日召开第十一届董事会第七次会议，审议通过了新 增日常关联交易的议案，关联董事林新阳、王乐祥、刘继春、魏同秋回避表决， 出席本次董事会会议其他 3 名非关联董事王全弟、郭华平、谢单同意该议案。 公司 2025 年第一次 ...

证券代码：600966 证券简称：博汇纸业 公告编号：2025-034 山东博汇纸业股份有限公司 关于召开2025年第二次临时股东大会的通知 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： 一、 召开会议的基本情况 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 11 月 17 日 14 点 00 分 召开地点：淄博市桓台县马桥镇工业路北首公司第三会议室 股东大会召开日期：2025年11月17日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (一)股东大会类型和届次 2025年第二次临时股东大会 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 11 月 17 日 至2025 年 11 月 17 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 ...

证券代码：600966 证券简称：博汇纸业 编号：临 2025-029 本项议案同意票 3 票，反对票 0 票，弃权票 0 票。 二、《关于取消监事会、修订<公司章程>并办理工商变更登记的议案》 山东博汇纸业股份有限公司 第十一届监事会第七次会议决议公告 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。 山东博汇纸业股份有限公司（以下简称"公司"或"本公司"）第十一届监事会 第七次会议于 2025 年 10 月 19 日以书面、邮件、电话相结合的形式发出通知，于 2025 年 10 月 29 日在公司办公楼二楼会议室召开，符合《公司法》和《公司章程》 规定。会议应参加会议监事 3 人，实际参加会议监事 3 人，公司监事会召集人程晨 先生主持了本次会议。会议以举手表决的方式审议通过以下议案： 一、《山东博汇纸业股份有限公司 2025 年第三季度报告》 监事会认为：本公司第三季度报告编制和审议程序符合法律、法规以及《公司 章程》和公司内部管理制度的有关规定；第三季度报告的内容和格式符合证券交易 所的有关规定，所包含的信息能够真实地反 ...

证券代码：600966 证券简称：博汇纸业 编号：临 2025-028 山东博汇纸业股份有限公司 第十一届董事会第七次会议决议公告 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。 山东博汇纸业股份有限公司（以下简称"公司"）第十一届董事会第七次会议于 2025 年 10 月 19 日以书面、邮件、电话相结合的方式发出通知，于 2025 年 10 月 29 日在公司办公楼二楼第三会议室，以现场、视频参会相结合的方式召开，符合《公 司法》和《公司章程》规定。本次应参加会议董事 7 人，实际参加会议董事 7 人， 公司监事会成员和高管人员列席了会议，公司董事长林新阳先生主持本次会议，会 议以举手表决方式审议通过以下议案： 本项议案同意票 7 票，反对票 0 票，弃权票 0 票。 二、《关于取消监事会、修订<公司章程>并办理工商变更登记的议案》 根据《中华人民共和国公司法》（以下简称"《公司法》"）《上市公司章程指引》 《上海证券交易所股票上市规则（2025 年 4 月修订）》和《上海证券交易所上市公 司自律监管指引第 1 号——规范 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥4,886,472,237.25, an increase of 3.86% compared to the same period last year[3] - The total profit for the period was ¥48,710,196.08, representing a significant increase of 86.47% year-on-year[3] - The net profit attributable to shareholders was ¥31,445,404.52, up by 73.45% compared to the previous year[3] - The net profit after deducting non-recurring gains and losses surged by 193.01% to ¥29,868,719.82[3] - The basic earnings per share for the period was ¥0.0254, reflecting a 72.79% increase year-on-year[3] - Total operating revenue for the first three quarters of 2025 reached RMB 14,450,147,177.88, an increase of 3.46% compared to RMB 13,967,073,588.89 in the same period of 2024[15] - The net profit for the first three quarters of 2025 was CNY 121,466,811.99, a decrease of 18.6% compared to CNY 149,174,960.48 in the same period of 2024[16] - Operating profit for the first three quarters of 2025 was CNY 123,998,504.77, down 32.5% from CNY 183,792,756.40 in the previous year[16] - The total revenue from sales of goods and services for the first three quarters of 2025 reached CNY 13,527,207,228.25, an increase of 18.9% from CNY 11,374,184,892.98 in the same period of 2024[19] - The total comprehensive income for the first three quarters of 2025 was CNY 129,374,331.44, compared to CNY 140,180,112.31 in the same period of 2024[17] - The basic and diluted earnings per share for the first three quarters of 2025 were both CNY 0.0982, down from CNY 0.1206 in the previous year[17] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥23,780,829,874.80, a 5.84% increase from the end of the previous year[4] - The company's cash and cash equivalents increased to RMB 4,034,973,570.03 as of September 30, 2025, compared to RMB 3,051,496,149.26 at the end of 2024, representing a growth of 32.3%[11] - Accounts receivable rose to RMB 1,711,821,521.29 from RMB 1,452,265,446.36, indicating an increase of 17.83% year-on-year[11] - Inventory decreased to RMB 2,155,823,166.88 from RMB 2,419,165,426.11, showing a decline of 10.9%[11] - Total assets amounted to RMB 23,780,829,874.80 as of September 30, 2025, compared to RMB 22,469,020,874.61 at the end of 2024, marking an increase of 5.83%[12] - Total liabilities increased to RMB 16,401,691,422.09 from RMB 15,668,919,487.40, reflecting a rise of 4.66%[13] - The company's equity attributable to shareholders reached RMB 7,379,138,452.71, up from RMB 6,800,101,387.21, indicating a growth of 8.5%[13] Cash Flow - The net cash flow from operating activities for the year-to-date reached ¥2,276,079,665.21, a substantial increase of 1,537.05%[3] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 2,276,079,665.21, significantly up from CNY 139,035,292.36 in the previous year[20] - The company reported a net cash outflow from investing activities of CNY -357,036,251.43 for the first three quarters of 2025, compared to CNY -460,341,752.56 in the previous year[20] - The total cash inflow from financing activities for the first three quarters of 2025 was CNY 12,118,422,719.04, an increase from CNY 11,215,021,597.55 in the same period of 2024[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 45,757[8] - The equity attributable to shareholders increased by 8.52% to ¥7,379,138,452.71[4] Future Outlook - Future outlook includes plans for market expansion and potential new product development to enhance revenue streams[15] - The company reported a net profit margin improvement, with net profit for the first three quarters of 2025 expected to show positive growth compared to the previous year[15] Research and Development - The company incurred research and development expenses of CNY 513,199,858.41 in the first three quarters of 2025, slightly up from CNY 505,081,634.53 in the same period of 2024[16]

Core Viewpoint - The company plans to purchase new equipment for upgrading its chemical pulp production process, which is expected to significantly reduce chemical consumption and production costs, thereby supporting its green and high-quality development strategy [1] Group 1: Transaction Details - The subsidiary Jiangsu Bohui Paper Industry Co., Ltd. intends to acquire equipment from the related party Wenrui Machinery (Shandong) Co., Ltd. [1] - The transaction amount is not to exceed RMB 46 million (excluding VAT) [1] Group 2: Operational Impact - The acquisition is aimed at enhancing the production capacity and process level of the existing chemical pulp [1] - It is expected to substantially lower the chemical consumption and cost per ton of chemical pulp [1]

Market Overview - The paper sector increased by 0.04% on October 27, with Qingshan Paper leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Individual Stock Performance - Qingshan Paper (600103) closed at 3.71, up 2.20%, with a trading volume of 2.19 million shares and a turnover of 810 million yuan [1] - Hengda New Material (301469) closed at 29.26, up 2.13%, with a trading volume of 14,300 shares and a turnover of 41.68 million yuan [1] - Songwu Resources (603863) closed at 20.51, up 1.28%, with a trading volume of 100,400 shares and a turnover of 205 million yuan [1] - Other notable stocks include Huatai Co. (600308) at 3.73 (+0.54%) and Xianhe Co. (603733) at 22.45 (+0.54%) [1] Capital Flow Analysis - The paper sector experienced a net outflow of 49.9 million yuan from institutional investors, while retail investors saw a net outflow of 56.9 million yuan [2] - Conversely, speculative funds recorded a net inflow of 106 million yuan [2] Detailed Capital Flow for Selected Stocks - Sun Paper (002078) had a net outflow of 23.42 million yuan from institutional investors, with a net inflow of 13.19 million yuan from speculative funds [3] - Yueyang Forest Paper (600963) saw a net inflow of 22.82 million yuan from institutional investors, but a net outflow of 34.79 million yuan from retail investors [3] - Qingshan Paper (600103) had a net inflow of 16.87 million yuan from institutional investors, while retail investors experienced a net outflow of 69.10 million yuan [3]

Core Viewpoint - The domestic white card paper market is experiencing a new round of price increases, with several companies announcing a price hike of 200 yuan per ton effective November 1, 2025 [1] Group 1: Price Increase Announcement - Companies such as Bohui Paper Industry, Nine Dragons Paper, and Universal Paper have issued price increase notices for their white card paper products [1] - The price adjustment is set to be uniform across the mentioned companies, indicating a coordinated effort within the industry [1] Group 2: Factors Driving Price Increase - The price hike is driven by three main factors: rising costs nearing the breakeven point for companies, the arrival of the traditional demand peak season known as "Golden September and Silver October," and delays in the launch of some new production capacities [1] - Analysts suggest that improving profitability through price increases will be the dominant theme in the white card paper market for the fourth quarter [1]