Financial Performance - The company's operating revenue for the first half of 2025 was approximately CNY 4.27 billion, representing a 6.85% increase compared to CNY 4.00 billion in the same period last year[24]. - The total profit for the first half of 2025 was approximately CNY 151.73 million, an increase of 11.82% from CNY 135.69 million in the previous year[24]. - The net profit attributable to shareholders for the first half of 2025 was approximately CNY 102.55 million, up 9.81% from CNY 93.39 million in the same period last year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 99.71 million, reflecting a 13.68% increase from CNY 87.71 million in the previous year[24]. - The operating cost increased to approximately CNY 3.97 billion, up 7.82% from CNY 3.68 billion in the previous year[39]. - The company reported a significant increase in sales revenue from 3,216,768,811.75 RMB in the first half of 2024 to 3,441,308,688.16 RMB in the first half of 2025[132]. - The company reported a decrease in retained earnings by CNY 40,365,853.96 due to profit distribution[142]. Cash Flow and Assets - The net cash flow from operating activities decreased significantly to approximately CNY 78.91 million, down 89.14% from CNY 726.70 million in the same period last year[24]. - The total assets at the end of the reporting period were approximately CNY 9.15 billion, a decrease of 5.74% from CNY 9.71 billion at the end of the previous year[24]. - The company's cash and cash equivalents were reported at CNY 772,393,819.98, down from CNY 1,188,839,824.64, indicating a decrease of approximately 35%[114]. - The total current assets decreased to CNY 3,837,741,267.38 from CNY 4,352,063,539.30, reflecting a reduction of about 11.8%[114]. - The company's total liabilities decreased to CNY 4,482,997,240.13 from CNY 5,092,148,212.13, a decline of approximately 12%[116]. Investments and R&D - Research and development expenses decreased by 39.08% to approximately CNY 3.94 million, down from CNY 6.46 million in the previous year[39]. - The company plans to increase investment in innovation resources and deepen the integration of the innovation chain with the industry chain[32]. - The total number of patents held by the company reached 148, reflecting its commitment to technological innovation in the metal packaging sector[37]. - The company applied for 7 new patents, including 6 invention patents and 1 utility model patent, bringing the total to 148 patents[59]. Market and Strategic Initiatives - The company is actively expanding its overseas market presence, particularly in Southeast Asia, with ongoing projects in Cambodia and Vietnam[35]. - The company has established long-term strategic partnerships with major brands such as Coca-Cola and Budweiser, enhancing customer loyalty and brand reputation[35]. - The company is focusing on digital transformation, implementing advanced information management systems to improve operational efficiency[36]. - The company is focusing on enhancing safety production responsibilities and environmental risk management[32]. Environmental and Social Responsibility - The company has received green factory certification for all domestic subsidiaries, including 7 national-level and 6 provincial-level green factories, establishing a comprehensive green manufacturing network[59]. - The company actively participated in poverty alleviation and rural revitalization, achieving direct consumption assistance of 300,000 yuan by the first half of 2025[72]. - The company organized various charitable activities, including "adopt a farmer" and "micro-wish assistance," to support rural revitalization[74]. Governance and Compliance - The company has implemented a governance structure reform, enhancing the effectiveness of its board and compliance management[60]. - The company has established an ESG management system and has been recognized with a five-star rating for its ESG report for two consecutive years[62]. - The company has committed to avoiding and minimizing related party transactions with Baosteel Packaging and its subsidiaries[76]. Shareholder Information - The company has a total share capital of 1,275,779,460 shares, with 0 shares under limited sale conditions and 1,275,779,460 shares under unrestricted sale conditions[103]. - The top shareholder, Baosteel Metal Co., Ltd., holds 395,026,127 shares, representing 30.96% of the total shares[108]. - The total number of common stock shareholders as of the end of the reporting period is 31,477[106]. Financial Management - The company maintains a reasonable debt-to-asset ratio, ensuring financial stability[55]. - The company has not engaged in any significant litigation or arbitration matters during the reporting period[79]. - The company has not reported any major contracts or guarantees during the reporting period[89]. Accounting Policies - The financial statements are prepared based on the assumption of going concern, following the relevant accounting standards and regulations[161]. - The company's functional currency is Renminbi (RMB)[168]. - The company recognizes impairment losses based on expected credit losses for financial assets measured at amortized cost and contract assets[200].

上海宝钢包装股份有限公司对宝武集团财务有限责任公司 的风险评估报告 财务公司依照全面、审慎、有效、制衡的基本原则构建内部控制 体系，以使内部控制渗透至财务公司各项业务过程和各个操作环节， 基本覆盖至所有部门和岗位，并渗透到决策、执行、监督、反馈等各 个环节，符合国家法律法规的规定；财务公司各层级人员维护内部控 制制度的有效执行，任何人不得拥有超越制度约束的权力；财务公司 内部机构和岗位的设置做到权责分明、相互牵制，建立了独立于执行 部门之外的内部控制监督、评价部门，建立了直接向董事会、监事会 和经理层报告的渠道。 财务公司构建起以完善的公司治理结构和先进的内部控制文化 为基础，以健全的内部控制制度和严密的控制措施为核心，以合规梳 理、稽核监督和内控评价体系为手段，以信息系统和通畅的沟通交流 渠道为依托的内部控制体系，基本达到内控管理的目标。确保财务公 司的战略和经营目标得以实施和实现；确保业务活动符合国家法规； 提高财务公司的经营效率和效果；确保各项业务稳健运行和资产的安 全与完整；确保业务记录、财务信息和其他管理信息的及时、完整和 真实；确保经营过程中的问题得到及时纠正。 （三）内部控制系统及内部控制执行情 ...

证券代码：601968 证券简称： 宝钢包装 公告编号：2025-029 上海宝钢包装股份有限公司 关于公司与宝武集团财务有限责任公司续签《金融服务 协议》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、准确性和完整性依法承担法律责任。 重要内容提示： 一、交易情况概述 公司拟与财务公司续签新的《金融服务协议》，由财务公司为公司提供存款、 结算等相关金融服务。 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。 财务公司为公司实际控制人中国宝武钢铁集团有限公司的控股子公司，本次 交易构成关联交易。 1 ● 上海宝钢包装股份有限公司（以下简称"公司"）拟与宝武集团财务有限责 任公司（以下简称"财务公司"）续签《金融服务协议》，本协议有效期至 2028 年 12 月 31 日。 ● 本次公司续签《金融服务协议》事项已经公司第七届董事会独立董事专门会 议 2025 年第三次会议、第七届董事会第十七次会议审议通过，关联董事卢 金雄先生、邱成智先生、杨一鋆先生回避表决。本次关联交易尚需提交公司 股东会审议，关联股东在股东会上将 ...

上海宝钢包装股份有限公司 董事会关于募集资金半年度存放与实际使用情况 的专项报告 根据中国证监会发布的《上市公司募集资金管理和使用的监管要求》和上海 证券交易所发布的《上海证券交易所上市公司自律监管指引第 1 号——规范运作》 等有关规定，上海宝钢包装股份有限公司（以下简称"公司"或"本公司"）董 事会编制了截至 2025 年 6 月 30 日止的《关于公司募集资金半年度存放与实际使 用情况的专项报告》。 一、募集资金基本情况 经中国证券监督管理委员会《关于同意上海宝钢包装股份有限公司向特定对 象发行股票注册的批复》（证监许可[2023]2914 号）批准，本公司向特定对象发 行人民币普通股（A 股）数量为 142,740,286 股，发行价格为 4.89 元/股，募集资 金总额合计人民币 697,999,998.54 元，扣除与本次发行有关的费用共计人民币 6,989,488.47 元（不含增值税），实际募集资金净额为人民币 691,010,510.07 元。 上述募集资金已于 2024 年 12 月 11 日全部到位。毕马威华振会计师事务所（特 殊普通合伙）对上述募集资金到位情况进行了验证，并出具了《上海 ...

证券代码：601968 证券简称：宝钢包装 公告编号：2025-028 上海宝钢包装股份有限公司 关于开展应收账款保理业务的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 一、交易情况概述 本次保理业务标的为宝钢包装及部分子公司在经营活动中发生的部分应收 账款。本次拟转让的应收账款不存在抵押、质押给任何第三方的情况。 1 ● 交易内容：上海宝钢包装股份有限公司（以下简称"公司"或者"宝钢包装"） 及部分子公司拟开展无追索权应收账款保理业务，保理业务金额不超过 12 亿元人民币（含本数），该额度在期限内可循环滚动使用，但在期限内任一 时点的交易余额不超过 12 亿元人民币（含本数）；额度有效期自公司董事 会审议通过之日起 12 个月内有效；单笔合同期限不超过 12 个月。 ● 本次交易不构成关联交易，也未构成重大资产重组。 ● 本次公司及部分子公司开展应收账款保理业务事项已经公司第七届董事会 第十七次会议审议通过，无需提交公司股东会审议。 （二）保理业务的主要内容 合作机构：拟开展保理业务的合作机构为银 ...

上海宝钢包装股份有限公司对宝武集团财务有限责任公司 的风险持续评估报告 按照证监会及上海证券交易所信息披露工作要求，通过查验宝武 集团财务有限责任公司（以下简称"财务公司"）《金融许可证》《企 业法人营业执照》等证件，根据《企业集团财务公司管理办法》等相 关规定，在审阅资产负债表、利润表、现金流量表等定期财务报表和 内部控制制度的基础上，对财务公司2025年上半年风险管理情况进行 了评估，具体风险评估情况如下： 10-1 （一）内部控制目标 财务公司构建起以完善的公司治理结构和先进的内部控制文化 为基础，以健全的内部控制制度和严密的控制措施为核心，以合规梳 理、稽核监督和内控评价体系为手段，以信息系统和通畅的沟通交流 渠道为依托的内部控制体系，基本达到内控管理的目标。确保财务公 司的战略和经营目标得以实施和实现；确保业务活动符合国家法规； 提高财务公司的经营效率和效果；确保各项业务稳健运行和资产的安 全与完整；确保业务记录、财务信息和其他管理信息的及时、完整和 真实；确保经营过程中的问题得到及时纠正。 （二）内部控制遵循的原则 财务公司依照全面、审慎、有效、制衡的基本原则构建内部控制 体系，以使内部控制渗透至 ...

Group 1 - The packaging and printing sector increased by 0.56% on August 26, with Kangxin New Material leading the gains [1] - The Shanghai Composite Index closed at 3868.38, down 0.39%, while the Shenzhen Component Index closed at 12473.17, up 0.26% [1] - Kangxin New Material's stock price rose by 7.35% to 2.92, with a trading volume of 1.78 million shares and a transaction value of 523 million yuan [1] Group 2 - The packaging and printing sector experienced a net outflow of 74.88 million yuan from institutional funds, while retail investors saw a net inflow of 83.31 million yuan [2] - The top stocks in terms of net inflow from institutional investors included Kangxin New Material with 77.11 million yuan and Hongbo Co. with 65.53 million yuan [3] - The overall market sentiment showed a mixed trend, with some stocks like Dashingda and Hongbo Co. experiencing significant net outflows from retail investors [3]

Market Overview - The packaging and printing sector rose by 0.87% on August 20, with Jiahe Technology leading the gains [1] - The Shanghai Composite Index closed at 3766.21, up 1.04%, while the Shenzhen Component Index closed at 11926.74, up 0.89% [1] Key Stocks Performance - Jiahe Technology (872392) closed at 42.75, up 20.08% with a trading volume of 46,900 lots and a transaction value of 194 million [1] - Meiyinglin (002303) closed at 4.38, up 5.29% with a trading volume of 696,100 lots and a transaction value of 29.86 million [1] - Xintonglian (603022) closed at 10.87, up 4.62% with a trading volume of 316,600 lots and a transaction value of 344 million [1] - Other notable performers include Baixinglong (833075) up 4.28%, Jinghua Laser (603607) up 4.27%, and Baosteel Packaging (601968) up 4.07% [1] Capital Flow Analysis - The packaging and printing sector experienced a net outflow of 288 million from institutional investors, while retail investors saw a net inflow of 295 million [2][3] - The main capital inflow was observed in Jinghua Laser with a net inflow of 71.21 million, while New Tonglian had a net inflow of 32.83 million [3] - Conversely, significant outflows were noted in several stocks, including New Tonglian and Meijusen, indicating a mixed sentiment among investors [3]

Core Viewpoint - Wanglaoji is expanding its international presence by establishing production lines in Malaysia and signing a global strategic cooperation agreement with Baosteel Packaging, aiming to localize production in Southeast Asia and beyond [1][3]. Group 1: International Expansion - Wanglaoji has launched its international can product in multiple Chinese cities and plans to expand into Southeast Asia, North America, Europe, and Oceania [3]. - The company is focusing on local production in Southeast Asia through exporting concentrated liquids for local bottling, with the first batch produced in Malaysia [3]. - Wanglaoji's overseas market has grown 6.5 times over the past decade, with a compound annual growth rate exceeding 25% [4]. Group 2: Market Trends - The global plant-based beverage industry is experiencing explosive growth, with a compound annual growth rate of nearly 10% from 2019 to 2024, and Southeast Asia's plant-based beverage market is projected to grow by 25% in 2023 [3]. - The domestic beverage market is highly competitive, prompting Wanglaoji to seek new growth avenues through international expansion [3][4]. Group 3: Strategic Partnerships - Wanglaoji has partnered with Baosteel Packaging to leverage its production capabilities in Southeast Asia, enhancing supply chain collaboration and accelerating market penetration [3]. - The cooperation includes joint efforts in new packaging material development and utilizing existing production capacity in three Southeast Asian countries [3]. Group 4: Revenue Insights - Wanglaoji is a key revenue source for Baiyunshan's health sector, with a revenue growth of 6.15% in 2023, but a projected decline of 12.70% in 2024 [4]. - The company is adapting its products to meet varying consumer preferences in different countries, aiming to enhance its brand recognition and market presence [4][5].

Group 1: Industry Overview - The Chinese packaging industry can be divided into three competitive tiers based on revenue: the first tier includes companies like Yutong Technology, Aorikin, and Hexing Packaging with revenues over 10 billion yuan; the second tier includes Baosteel Packaging, Shengxing Co., and Shandong Pharmaceutical Glass with revenues between 3 billion and 10 billion yuan; the third tier consists of companies like Jinfutec, Xianggang Technology, and Longlide with revenues below 3 billion yuan [1][6] - The industry is characterized by a fragmented market structure, with many small-scale companies lacking innovation capabilities, leading to disordered competition in the low-end market [6][13] - The market concentration in the packaging industry is low, with the top 10 companies (CR10) holding less than 5% market share, indicating a need for further consolidation [6][13] Group 2: Market Segmentation - The packaging industry in China is segmented into glass packaging, paper packaging, plastic packaging, and metal packaging, with leading companies in each category: Shandong Pharmaceutical Glass and Zhengchuan Co. for glass; Wanshun New Materials and Shanying International for paper; Tongchan Lixing and Hongyu Packaging for plastic; and Shengxing Packaging and Jiamei Packaging for metal [4][9] Group 3: Competitive Landscape - The competitive landscape shows that leading companies like Shandong Pharmaceutical Glass and Zhengchuan Co. have extensive business layouts covering regions such as North America, Europe, Japan, and Southeast Asia [8][9] - The majority of packaging companies focus on specific materials, with Shandong Pharmaceutical Glass leading in medicinal glass, while companies like Dashing and Wanshun New Materials dominate the paper packaging sector [10][11] - The industry is experiencing a strong demand growth driven by the increasing consumption of food and beverages, which indirectly boosts the demand for packaging products [14]