Core Viewpoint - The company announced a cash dividend distribution of 0.045 yuan per share for the first half of 2025, approved by the fourth extraordinary general meeting of shareholders on November 17, 2025 [2][4]. Dividend Distribution Details - The cash dividend of 0.045 yuan per share will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the day before the dividend record date [2][4]. - The total cash dividend distribution is expected to amount to approximately 56.76 million yuan, based on a total share capital of 1,261,432,936 shares, excluding 14,346,524 shares held in the company's repurchase account [4][6]. Taxation Information - For individual shareholders holding unrestricted A-shares, the cash dividend will not be subject to withholding personal income tax at the time of distribution, with the actual cash dividend being 0.045 yuan per share [11]. - The tax burden for individual shareholders varies based on the holding period: 20% for holdings of one month or less, 10% for holdings between one month and one year, and no tax for holdings over one year [11]. - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, resulting in a net cash dividend of 0.0405 yuan per share [12][13]. Implementation Method - The cash dividends will be distributed through the China Securities Depository and Clearing Corporation Limited, with shareholders who have completed designated transactions able to receive their dividends on the payment date [8][10]. - Shares held in the company's repurchase account will not participate in the dividend distribution [9]. Additional Information - The company will handle the cash dividend distribution for specific institutional shareholders, including China Baowu Steel Group Corporation Limited and others [10]. - The announcement provides contact information for inquiries regarding the dividend distribution [14].

格隆汇12月4日丨宝钢包装(601968.SH)公布2025年半年度权益分派实施公告，本次利润分配以总股本 12.61亿股为基数（已扣除公司回购专用账户中的股份1434.65万股），预计派发现金红利5676.45万元 （含税），不实施资本公积金转增股本等其它形式的分配方案。 本次权益分派股权登记日为：2025年12月11日，除权除息日为：2025年12月12日。 ...

证券代码：601968 证券简称：宝钢包装 公告编号：2025-044 上海宝钢包装股份有限公司 2025年中期权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.045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 | 2025/12/11 | － | 2025/12/12 | 2025/12/12 | 差异化分红送转： 是 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 11 月 17 日的2025年第四次临时股东会审议通过。 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。 根据《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等有关规定，公司 存放于回购专用证券账户的股份不参与利润分配 ...

FANGDA PARTNERS http://www.fangdalaw.com 中国上海市石门一路 288 号 电子邮件 E-mail: email@fangdalaw.com 兴业太古汇香港兴业中心二座 24 楼 电 话 Tel.: +86-21-2208 1166 邮政编码：200041 传 真 Fax.: +86-21-5298 5599 24/F, HKRI Centre Two HKRI Taikoo Hui 288 Shi Men Yi Road Shanghai, PRC 200041 关于 上海宝钢包装股份有限公司 2025 年中期差异化分红事项 之 法律意见书 致：上海宝钢包装股份有限公司 上海市方达律师事务所（以下简称"本所"）是具有中华人民共和国境内法 律执业资格的律师事务所。根据上海宝钢包装股份有限公司（以下称"宝钢包装" 或"公司"）的委托，本所就宝钢包装 2025 年中期利润分配所涉及的差异化权益 分派特殊除权除息（以下称"本次差异化分红"）相关事项出具本法律意见书。 本法律意见书依据《中华人民共和国公司法》《中华人民共和国证券法》《上 海证券交易所交易规则》《上海证券交易所上市 ...

Group 1 - The report emphasizes the trend of globalization in supply chains, indicating that Chinese companies are entering a new phase of overseas operations, leading to intensified competition and accelerated market share concentration [5][26][60] - The report highlights the advantages of Chinese design and R&D capabilities combined with global supply chain layouts, enabling some companies to transition towards brand exports [6][60] - There are structural investment opportunities in domestic retail, particularly in new AI hardware growth sectors and high-margin emotional consumption products, such as pet products and domestic brands [7][60] Group 2 - The packaging industry is experiencing a global supply chain shift, with leading companies enhancing their market share by aligning with downstream customer trends [7][12] - The report notes that the paper packaging sector has seen a decline in scale and profitability since 2021, but companies like Yutong Technology are maintaining their competitive edge and market share [13][22][23] - The report discusses the expected recovery in the metal packaging industry, driven by policy changes and industry consolidation, which may enhance profitability [8][53][56] Group 3 - The home furnishing sector is positioned at a valuation bottom with high dividend safety, as the real estate market stabilizes and demand for second-hand and replacement housing increases [8][12] - The report identifies opportunities for business expansion and mergers and acquisitions as companies seek to establish new growth trajectories [9][12] - The report highlights the importance of self-owned brands in the home furnishing sector, which have been increasingly developed since 2018 due to trade tensions [7][12]

Group 1: Company Developments - Suzhou Jiangtian Packaging Technology Co., Ltd. successfully passed the IPO review on the Beijing Stock Exchange, with Nongfu Spring as its largest customer, accounting for a significant portion of its revenue [3] - Jiangtian Technology had previously undergone five rounds of guidance from Anxin Securities for a proposed listing on the ChiNext, revealing past financial irregularities such as loan transfers and non-genuine trade background in bill transactions [3] - New Tianli Technology Co., Ltd. has recently passed the review by the Beijing Stock Exchange, producing plastic containers for popular brands like Mixue Ice City and Xiangpiaopiao [4][5] Group 2: Industry Trends - The label printing industry in China has a relatively low entry barrier and low industry concentration, with key materials like high-temperature PET film and anti-counterfeiting holographic materials being heavily reliant on imports [3] - International label giant Avery Dennison plans to increase its smart label chip packaging capacity in China by 800 million pieces per year by 2027, potentially squeezing the market space for domestic manufacturers [3] - The new tea beverage sector has seen a surge in IPOs, with major brands like Gu Ming and Mixue Ice City listing on the Hong Kong Stock Exchange and NASDAQ in early 2025, marking the year as a significant period for new tea drink IPOs [6]

Market Overview - The packaging and printing sector increased by 1.63% on November 25, with Shengxing Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Stock Performance - Notable gainers in the packaging and printing sector included: - Shengxing Co., Ltd. (002752) with a closing price of 6.88, up 10.08% and a trading volume of 406,000 shares [1] - Jinfutech (003018) with a closing price of 15.41, up 9.99% and a trading volume of 115,700 shares [1] - Global Printing (002799) with a closing price of 9.21, up 4.66% and a trading volume of 440,100 shares [1] Capital Flow - The packaging and printing sector saw a net inflow of 22.30 million yuan from institutional investors, while retail investors contributed a net inflow of 64.69 million yuan [2] - The sector experienced a net outflow of 86.99 million yuan from speculative funds [2] Individual Stock Capital Flow - Shengxing Co., Ltd. (002752) had a net inflow of 96.48 million yuan from institutional investors, while it faced a net outflow of 47.37 million yuan from speculative funds [3] - Jinfutech (003018) recorded a net inflow of 44.21 million yuan from institutional investors, with a net outflow of 20.48 million yuan from speculative funds [3] - Global Printing (002799) had a net inflow of 37.15 million yuan from institutional investors, with a net outflow of 10.54 million yuan from speculative funds [3]

Group 1 - The core point of the announcement is that the major shareholder, Changxia Jinshi (Wuhan) Equity Investment Fund Partnership, has reduced its stake in Baosteel Packaging from 7.00% to 6.00%, which triggers a 1% threshold for equity changes [3][4]. - The reduction in shares occurred between September 11, 2025, and November 20, 2025, with a total of 12,757,800 unrestricted circulating shares being sold through centralized bidding [3][4]. - This equity change does not involve a takeover bid and will not affect the company's controlling shareholder or actual controller, nor will it impact the company's governance structure or ongoing operations [4][5]. Group 2 - The current shareholding of Changxia Jinshi and its concerted action partner, Anhui Jiaokong Jinshi M&A Fund Partnership, is derived from shares acquired through the company's asset purchase in March 2021 [4]. - The company will fulfill its information disclosure obligations based on any future changes in shareholder holdings [4].

Core Points - Baosteel Packaging announced a shareholding change due to the reduction of shares held by Changxia Jinshi and Anhui Jiaokong Jinshi from 7.00% to 6.00% [2] Summary by Category - **Shareholding Change** - Changxia Jinshi reduced its holdings by 12,757,800 shares through centralized bidding from September 11, 2025, to November 20, 2025 [2] - The combined shareholding of Changxia Jinshi and its concerted action party Anhui Jiaokong Jinshi decreased from 7.00% to 6.00%, triggering a 1% change in equity [2]

本公司董事会及全体董事保证公告内容与信息披露义务人提供的信 息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | | 比例减少 | | --- | --- | --- | --- | | 权益变动前合计比例 | 7.00% | | | | 权益变动后合计比例 | 6.00% | | | | 本次变动是否违反已作出的承 | 是□ | 否 | | | 诺、意向、计划 | | | | | 是否触发强制要约收购义务 | 是□ | 否 | | 证券代码：601968 证券简称：宝钢包装 公告编号：2025-043 上海宝钢包装股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的提示性公告 投资者长峡金石(武汉)股权投资基金合伙企业（有限合伙）及其一致 行动人保证向本公司提供的信息真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 3.一致行动人信息 一致行动人名称 投资者身份 统一社会信用代码 安徽交控金石并购基 金合伙企业（有限合 伙） □ 控股股东/实控人 □ 控股股东/实控人的一致 行动人 其他直接持股股东 91340100MA2RBCBWXE □ 不适用 | | | 一、 信息披露 ...