Group 1 - The core viewpoint indicates that Xintonglian (603022) has shown a stable performance with a price fluctuation of -0.26% and an amplitude of 3.66%, closing at 11.46 yuan as of February 12 [1] - The average daily trading volume during the observed period was approximately 38 million yuan, with a turnover rate maintained between 1.5% and 2.3% [1] - Technically, the stock price has been oscillating near the 20-day moving average of 11.42 yuan, and the MACD indicator suggests weak short-term momentum [1] Group 2 - Institutional data shows that Xintonglian has low market attention, with no recent institutional research or rating changes, indicating a neutral sentiment [2] - The earnings forecast for 2024 predicts earnings per share of 0.25 yuan, with a year-on-year decline in net profit of 3.56% [2] - The fund holding ratio is only 0.01%, reflecting limited institutional participation [2]

Group 1 - The company, Xintonglian (603022), responded to investor inquiries on February 3, indicating that specific information regarding the number of shareholders will be disclosed in the company's periodic reports [1]

Group 1 - The CPO concept stocks have seen a significant rise, with the sector index increasing by over 3% as of January 21 [1] - Notable stocks include Zhixiang Technology, which rose by 18.85%, and Robotech, which increased by 13.76% [2] - Other companies such as Lian Technology and Kexiang Co. also experienced substantial gains, with increases of 12.79% and 12.71% respectively [2][3] Group 2 - Several companies reached their daily limit up, including Huada Technology, Woge Optoelectronics, and Tongfu Microelectronics, all showing strong performance [3] - The stock of Zhixiang Technology surged by 18%, while Robotech and Lian Technology both rose by over 10% [3] - The overall market sentiment for CPO stocks appears positive, indicating potential investment opportunities in this sector [1][3]

Market Performance - The packaging and printing sector increased by 1.87% on January 19, with Baosteel Packaging leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] Key Stocks in Packaging and Printing Sector - Baosteel Packaging (601968) closed at 6.14, up 10.04% with a trading volume of 336,400 shares and a transaction value of 198.67 million [1] - Jiamei Packaging (002969) closed at 17.20, up 9.97% with a trading volume of 432,800 shares and a transaction value of 736 million [1] - New Tonglian (603022) closed at 11.58, up 5.27% with a trading volume of 167,700 shares and a transaction value of 19.2 million [1] - Other notable stocks include Zhuhai Zhongfu (000659) up 5.13%, Shanghai Ailing (301062) up 4.48%, and Yongji Co. (603058) up 3.88% [1] Capital Flow Analysis - The packaging and printing sector experienced a net outflow of 44.04 million from institutional investors and 48.70 million from retail investors, while retail investors saw a net inflow of 92.74 million [2][3] - Baosteel Packaging had a net inflow of 45.01 million from institutional investors, but a net outflow of 2.14 million from retail investors [3] - Jiamei Packaging saw a net inflow of 27.10 million from institutional investors, with a net outflow of 1.86 million from retail investors [3]

Core Viewpoint - The wooden packaging industry is experiencing steady growth globally, driven by factors such as international trade, e-commerce, and sustainability trends, with significant opportunities for development in both global and Chinese markets [6][10][12]. Global Wooden Packaging Market Size and Forecast - The global wooden packaging market is projected to reach approximately $34.31 billion by 2024, with a compound annual growth rate (CAGR) of about 7.67% from 2020 to 2024, and is expected to approach $40.35 billion by 2031, with a future six-year CAGR of 1.88% [9]. - China's wooden packaging market holds about 16.38% of the global market share, with a forecasted market size of approximately $5.62 billion by 2024 and a CAGR of about 5.12% from 2020 to 2024, expected to grow to $7.31 billion by 2031, with a CAGR of 3.43% from 2025 to 2031 [10]. Driving Factors and Development Opportunities - The wooden packaging industry is significantly influenced by the growth of international trade and cross-border e-commerce, increasing the demand for wooden pallets and boxes due to their high strength and load-bearing capacity [12]. - The renewable and recyclable nature of wood aligns with global low-carbon trends, supported by sustainable packaging policies from international organizations and governments, enhancing industry demand [12]. - Technological advancements in automation, modular design, and functional treatments (e.g., moisture-proof, anti-corrosion) are improving manufacturing efficiency and product quality, creating new opportunities for customized solutions [13][14]. Industry Challenges - Fluctuations in raw material costs, particularly wood prices, are influenced by various factors, including supply, climate change, and international trade dynamics, which can increase manufacturing costs [15]. - Stricter environmental regulations and certification requirements, such as ISPM 15, raise production costs and compliance burdens for manufacturers [15]. - Competition from alternative materials like corrugated cardboard and plastic poses challenges to the wooden packaging sector [15]. Industry Trends - The industry is increasingly focusing on sustainability, promoting recyclable and biodegradable materials to meet global buyer demands for low-carbon packaging [16]. - The integration of smart technologies, such as IoT and RFID, is enhancing visibility and data management in the supply chain, providing added value to customers [16]. - The rise of rental and circular economy models for wooden pallets and boxes is transforming manufacturers into service-oriented providers [16]. Industry Chain Analysis - The wooden packaging industry chain consists of three main parts: upstream wood producers, midstream packaging manufacturers, and downstream users in various sectors such as food and beverage, machinery, and electronics [18][19]. - Key upstream players include major timber suppliers, while midstream manufacturers are concentrated in North America, Europe, and China, with a mix of companies producing new and recycled wooden packaging [19][20]. - The downstream market is diverse, with significant applications in food and beverage, machinery, electronics, and automotive industries, driven by the need for safe and efficient packaging solutions [23]. Policy Analysis in China - Recent policies aim to enhance logistics networks and promote standardized pallet transport, which will benefit the wooden packaging sector [25]. - The introduction of national standards for wooden pallets and encouragement of sustainable practices are expected to drive growth in the industry [25].

Market Performance - The packaging and printing sector increased by 1.75% compared to the previous trading day, with N Jiang Tian leading the gains [1] - The Shanghai Composite Index closed at 3959.62, up 0.47%, while the Shenzhen Component Index closed at 13531.41, up 0.33% [1] Individual Stock Performance - N Jiang Tian (code: 920121) saw a significant rise of 180.58%, closing at 59.51 with a trading volume of 111,600 shares and a transaction value of 734 million [1] - Other notable gainers included Tai Xing Packaging (code: 002228) with a 10.08% increase, closing at 6.55, and Jia Mei Packaging (code: 002969) with a 10.01% increase, closing at 8.90 [1] - The overall trading volume and transaction values for various stocks in the packaging and printing sector were substantial, indicating strong market interest [1] Capital Flow Analysis - The packaging and printing sector experienced a net inflow of 417 million from institutional investors, while retail investors saw a net outflow of 78.31 million [2][3] - Major stocks like Shun Hao Co. (code: 002565) had a net inflow of 54.8 million from institutional investors, while retail investors had a net outflow of 27.3 million [3] - N Jiang Tian had a net inflow of 28.34 million from institutional investors, with retail investors also experiencing a net outflow [3]

Core Viewpoint - New Tonglian (603022) experienced a trading halt today with a turnover rate of 14.41% and a transaction amount of 298 million yuan, indicating significant market activity and interest in the stock [2]. Trading Activity - The stock was listed on the Shanghai Stock Exchange due to a price deviation of 9.87%, with institutional investors net selling 17.90 million yuan [2]. - The top five trading departments accounted for a total transaction amount of 84.55 million yuan, with a net buying amount of 7.97 million yuan after a buying amount of 46.26 million yuan and a selling amount of 38.29 million yuan [2]. - Over the past six months, the stock has appeared on the trading leaderboard seven times, with an average price drop of 0.60% the day after being listed and an average drop of 7.20% over the following five days [2]. Fund Flow - The stock saw a net inflow of 37.02 million yuan from major funds today, with a significant inflow of 43.66 million yuan from large orders, while large orders experienced a net outflow of 6.63 million yuan [2]. - In the past five days, the net inflow of major funds totaled 36.61 million yuan [2]. Financial Performance - The company reported a revenue of 713 million yuan for the first three quarters, reflecting a year-on-year growth of 11.85%, and a net profit of 36.59 million yuan, which is a 7.69% increase year-on-year [2].

Group 1 - The core transaction involved 1.08 million shares of Xintonglian, with a total transaction value of 9.936 million yuan, accounting for 3.22% of the total trading volume on that day [1] - The transaction price was set at 9.2 yuan, which represents a discount of 12.63% compared to the market closing price of 10.53 yuan [1] - The trading date for this transaction was December 18, 2025, and it was executed under specific trading conditions [2]

Group 1 - The Shanghai Composite Index closed at 3876.97 points, above the five-day moving average, with a change of 0.17% [1] - The total trading volume of A-shares reached 16651.30 billion yuan, with 1187 A-shares breaking through the five-day moving average [1] - Notable stocks with significant deviation rates include Xingchen Technology at 18.73%, Wanlong Optoelectronics at 13.66%, and Deyi Culture at 12.84% [1] Group 2 - Stocks with smaller deviation rates that just crossed the five-day moving average include Dekeli, Tongli Technology, and Hongxing Shares [1] - The top three stocks with the highest daily increase are Xingchen Technology at 30.00%, Wanlong Optoelectronics at 20.02%, and Deyi Culture at 20.05% [1] - The trading turnover rates for these stocks are notably high, with Xingchen Technology at 38.74% and Deyi Culture at 39.21% [1]

Core Viewpoint - The report details the shareholding changes of Shanghai Xintonglian Packaging Co., Ltd. due to a reduction in shares held by Wuhu Yuance Bifang Investment Center, primarily driven by the need for liquidity [1][5]. Group 1: Shareholding Changes - The information disclosing party reduced its shareholding in Shanghai Xintonglian from 5.68% to 5.00% through a series of transactions, including a total of 1,099,800 shares sold via centralized bidding and 273,200 shares sold through block trading [6]. - The total shares reduced represent 0.55% and 0.14% of the company's total shares, respectively [6]. Group 2: Future Plans - The information disclosing party plans to further reduce its holdings by up to 6,000,000 shares, which is not more than 3% of the total shares, within three months following the announcement of the reduction plan [5]. - As of the report's signing date, the reduction plan has not been fully executed [5]. Group 3: Compliance and Legal Responsibility - The information disclosing party asserts that the report complies with relevant laws and regulations, ensuring no false records or misleading statements are present [2][9]. - The party takes legal responsibility for the authenticity, accuracy, and completeness of the report [9].