证券之星消息，7月31日造纸板块较上一交易日下跌2.05%，博汇纸业领跌。当日上证指数报收于 3573.21，下跌1.18%。深证成指报收于11009.77，下跌1.73%。造纸板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603863 松炀资源 | | -1075.73万 | 3.49% | -78.13万 | -0.25% | -997.60万 | -3.23% | | 603733 仙鶴股份 | | 332.81万 | 6.58% | -148.35万 | -2.93% | -184.46万 | -3.65% | | 002521 齐峰新材 | | 265.24万 | 6.24% | 293.35万 | 6.90% | -558.59万 | -13.15% | | 301469 恒达新材 | | 132.71万 | 5.58% | -129.63万 | -5.45% | -3.08万 | ...

Investment Rating - The report maintains a positive outlook on the light industry and paper-making sector for the mid-2025 earnings forecast, indicating a favorable investment rating for these industries [1]. Core Insights - The report highlights a divergence in performance within the export sector for Q2 2025, with companies that have a global supply chain showing resilience against external tariff disruptions. Notable performers include Jiangxin Home, Jiayi Co., and Tianzhen Co. [4][5]. - The two-wheeler segment is expected to benefit from government subsidies and new standards, with companies like Yadi Holdings and Aima Technology showing strong growth potential [4]. - The light consumer goods sector is characterized by a robust domestic demand, particularly in personal care products, with companies like Baiya Co. and Dengkang Oral Care expected to perform well [4]. - The packaging industry is undergoing consolidation, with leading companies experiencing a slowdown in capital expenditure, indicating a shift towards a harvest phase [4]. - The home furnishing sector is facing short-term order impacts due to the pause in government subsidies, but long-term growth is anticipated through market integration and new product categories [4]. - The paper-making sector is expected to see stable profitability due to low raw material costs and improved supply-demand dynamics [4]. Summary by Sections Export Sector - Q2 2025 shows performance divergence due to increased external disruptions, with companies like Jiangxin Home expected to see a 40%+ growth in net profit [5][6]. - Jiayi Co. anticipates a 30%+ revenue increase, while Tianzhen Co. is expected to recover orders significantly [4][5]. Two-Wheeler Sector - Companies like Aima Technology and Ninebot are projected to grow by 20% and 50% respectively in Q2 2025, driven by new product launches and market demand [8][9]. Light Consumer Goods - The sector is expected to show resilience, with companies like Chaohongji and Baiya Co. projected to grow by 20% and 2% respectively in revenue [10][11]. Packaging Industry - The report notes a continued consolidation trend, with companies like Yutong Technology and Baosteel Packaging expected to maintain stable revenue growth [12][14]. Home Furnishing Sector - The sector is facing challenges due to subsidy pauses, but companies like Mousse and Zhizhong Home are expected to adapt and show growth in the long term [13][15]. Paper-Making Sector - The report indicates stable profitability for the paper-making sector, with companies like Sun Paper and Huawang Technology expected to benefit from improved market conditions [17].

证券代码：600966 证券简称：博汇纸业 公告编号：2025-016 山东博汇纸业股份有限公司 2024年年度权益分派实施公告 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 29 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 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： 每股分配比例 A 股每股现金红利0.02844元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/7/9 | － | 2025/7/10 | 2025/7/10 | 3. 差异化分红送转方案： 经中汇会计师事务所（特殊普通合伙）审计，截至 2024 年 12 月 31 日，公司（母公司） 期末可供 ...

图 图 浩 律師 ( 濟 南 ) 事 務 所 德 GRANDALL LAW FIRM (JINAN) 国浩律师(济南)事务所 关于山东博汇纸业股份有限公司 差异化分红事项 之专项法律意见书 國浩律師事務所 GRANDALL LAW FIRM 北京 上海 深圳 杭州 广州 昆明 天津 成都 宁波 福州 西安 南京 南宁 济南 重庆 苏州 长沙 太原 武汉 贵阳 乌鲁木齐 郑州 石家庄 合肥 海南 青岛 香港 纽约 巴黎 马德里 马来西亚 斯德哥尔摩 济南市龙奥西路1号银丰财富广场 C 座 19 层 邮编：250014 电话/Tel: (+86)(531)86110949 传真/Fax: (+86)(531) 8611 0945 网址/Website:http://www.grandall.com.cn 二零二五年六月 图 图造律師(濟南)事故 国浩律师(济南) 事务所 图 圖浩律師(濟爾)事務 保证。 关于山东博汇纸业股份有限公司 差异化分红事项之专项法律意见书 致:山东博汇纸业股份有限公司 国浩律师(济南)事务所(以下简称"本所")接受山东博汇纸 业股份有限公司(以下简称"公司")的委托,根据《中华人民共和 ...

Group 1 - The paper industry sector experienced a significant rally, with Yibin Paper Industry (600793) hitting the daily limit up [1] - Other companies in the sector, including Yueyang Forest & Paper (600963), Minfeng Special Paper (600235), Bohui Paper Industry (600966), and Sun Paper Industry (002078), also saw their stock prices increase [1]

Core Points - The announcement details the share pledge and release activities of Shandong Bohui Paper Industry Co., Ltd. and its controlling shareholder, Bohui Group, along with its concerted actions with Jin Guang Paper (China) Investment Co., Ltd. and Ningbo Jinjia Paper Industry Co., Ltd. [1][2] - As of the announcement date, Bohui Group and its concerted parties hold a total of 652,871,937 shares, accounting for 48.84% of the company's total share capital [1][2] - The release of 13,000,000 shares from pledge represents 3.37% of Bohui Group's holdings and 0.97% of the company's total share capital [1][2] Share Pledge and Release Summary - Bohui Group's remaining pledged shares amount to 246,756,958 shares, which is 64.01% of its holdings and 18.46% of the company's total share capital [1][2] - The total number of pledged shares before the release was 259,756,958 shares, and after the release, it stands at 443,756,958 shares [2] - The pledged shares represent 67.97% of Bohui Group's total holdings and 33.19% of the company's total share capital [2] Financial Capability - Bohui Group has the financial capability to repay the pledged shares, with repayment sources including operating profits, own funds, stock dividends, and investment income [2]

证券代码：600966 证券简称：博汇纸业 编号：临 2025-015 山东博汇纸业股份有限公司 关于控股股东部分股份解除质押及再质押的公告 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: 截至本公告日，控股股东山东博汇集团有限公司（以下简称"博汇集团"） 及其一致行动人金光纸业（中国）投资有限公司（以下简称"金光纸业"）、宁波金 嘉源纸业有限公司（以下简称"金嘉源纸业"）合计持有公司股份数量为 652,871,937 股，占公司总股本的 48.84%。本次解除质押并办理质押后，博汇集团及其一致行动 人累计质押数量为 443,756,958 股，占其持有公司股份数的 67.97%，占公司总股本 的 33.19%，剩余未质押股份数量为 209,114,979 股，均为无限售流通股。 山东博汇纸业股份有限公司（以下简称"公司"或"本公司"）于近日接到博 汇集团和其一致行动人金嘉源纸业通知，获悉其所持有本公司的部分股份被解除质 押及再质押，具体事项如下： 二、上市公司股份质押 1.本次股份质押基本情况 | 股东名 称 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints The report provides daily observations on the pulp market, including market conditions, important news, logical analyses, and trading strategies. Market conditions cover futures and spot prices of different pulp types. Important news includes company - related events, project investments, and international trade situations. Logical analyses are based on various economic and industry data, and trading strategies offer suggestions for single - sided and arbitrage trading. 3. Summary by Related Catalogs Market Conditions - Futures market shows various trends such as weak, small, and high - level oscillations. For example, on 25 - 06 - 09, the SP main 09 contract was in a weak oscillation, closing at 5222 points, down 2 points or 0.04% [1]. - Spot prices of different pulp types (coniferous, broad - leaf, natural, and chemical mechanical) vary in different regions. For instance, in the Shandong market on 25 - 06 - 06, the import coniferous pulp market had relatively light trading, and prices of some brands were adjusted with the market [5]. Important News - North American paper giant Georgia - Pacific plans to permanently close its Cedar Springs box - board paper mill later this year, affecting about 535 jobs and with an annual capacity of 1 million tons [1]. - China's C&D Group plans to invest $2 billion in a pulp and finished paper production project in Vietnam's Quang Binh province [11]. - In 2025, India's paper and board imports reached a record 2.05 million tons, and imports from China increased by 33% [8]. Logical Analysis - In April, European coniferous pulp consumption decreased by 17.6% year - on - year, and domestic living paper production increased by 9.4% year - on - year in May, which is favorable for the broad - needle price difference [6]. - As of the end of last Friday, the inventory of the SHFE SP contract decreased by 75.6% year - on - year, while the social inventory of domestic pulp in five ports increased by 33.4 million tons year - on - year [1]. Trading Strategies - Single - sided trading: Suggestions include holding long positions, waiting and seeing, and making small - scale trial purchases. For example, on 25 - 06 - 09, it was recommended to wait and see for the SP main 07 contract and pay attention to the support at last Friday's low [1]. - Arbitrage trading: Usually involves waiting and seeing or reducing positions and waiting. For example, on 25 - 06 - 09, it was recommended to wait and see for the arbitrage strategy (long - short) [1].

Group 1 - The white cardboard paper industry has shown a price increase trend despite entering the traditional off-season in June, with prices rising by 0.62% to an average of 4085 yuan/ton as of May 30 [1] - Several large white cardboard paper companies have announced price increases of 200 yuan/ton since May 20 to address the negative price situation and improve profitability [1][2] - The sales performance of companies like Shandong Bohui Paper Industry has been strong, particularly in overseas markets, prompting them to raise prices to alleviate operational pressures [1] Group 2 - The white cardboard paper industry has experienced multiple price increase announcements in the first quarter of the year, but the actual implementation has been less optimistic [2] - Factors such as high inventory levels of wood pulp and weak profitability among raw paper manufacturers are limiting the ability to reduce costs effectively, leading to continued pressure on pricing [2] - The industry is expected to see a slight increase in transaction prices in early June due to the ongoing price increase sentiment [2] Group 3 - June marks the traditional off-season for the paper industry, particularly affecting orders from end-user sectors like medical and food [3] - Market dynamics are expected to shift back to supply-demand fundamentals by mid-June, with potential price stabilization followed by a risk of decline later in the month [4] Group 4 - Leading white cardboard paper companies are focusing on technological and product innovations, such as developing eco-friendly coating technologies and "zero plastic" paper products to reduce production costs and environmental impact [4]

Group 1 - The legal opinion letter is issued by Shanghai Jintiancheng Law Firm regarding the 2024 annual general meeting of Shandong Bohui Paper Industry Co., Ltd. [1][2] - The meeting was convened by the company's board of directors, with the decision made during the fifth meeting of the eleventh board on April 28, 2025 [2][3] - The notice for the annual general meeting was published on April 30, 2025, and included details such as the meeting date, time, and voting procedures [3] Group 2 - A total of 257 shareholders and their proxies attended the meeting, representing 548,838,618 shares, which is 44.3752% of the total voting shares [5] - The qualifications of the attending shareholders and other participants, including directors and senior management, were verified and deemed valid [5][11] Group 3 - The meeting discussed and voted on several proposals, all of which were within the authority of the shareholders' meeting and consistent with the announced agenda [6][11] - Voting was conducted through both on-site and online platforms, with specific time slots allocated for each method [3][6] Group 4 - The voting results showed a high level of agreement on the proposals, with the majority receiving over 99% approval from the attending shareholders [6][7][8] - The voting results for small investors indicated a significant majority in favor of the proposals, with percentages ranging from 80% to over 83% [10]