仙鹤股份有限公司 前次募集资金使用情况鉴证报告 中国杭州市钱江新城新业路 8 号 UDC 时代大厦 A 座 5-8 层、12 层、23 层 Floors5-8,12and23,Block A,UDC Times Building,No.8 Xinye Road，Qianjiang New City,Hangzhou Tel.0571-88879999 Fax.0571-88879000 www.zhcpa.cn . 目 灵 | | 页 次 | | --- | --- | | 一、前次募集资金使用情况鉴证报告 | 1-2 | | 二、仙鹤股份有限公司关于前次募集资金 | | 使用情况的报告 3-9 中国杭州市钱江新城新业路 8 号 UDC 时代大厦 A 座 5-8 层、12 层、23 层 Floors5-8,12and23,Block A,UDC Times Building,No.8 Xinye Road，Qianjiang New City,Hangzhou Tel.0571-88879999 Fax.0571-88879000 www.zhcpa.cn 我们鉴证了后附的仙鹤股份有限公司(以下简称仙鹤股份公 ...

Group 1 - The company, Xianhe Co., Ltd. (603733.SH), announced a plan to issue A-shares to specific investors, aiming to raise a total of no more than 3 billion yuan, including the principal amount [1] - The net proceeds from this fundraising, after deducting issuance costs, will be used for the second phase of the high-performance paper-based new materials project in the Sanjiangkou New Area of Guangxi and to supplement working capital [1]

| 证券代码：603733 | 证券简称：仙鹤股份 | 公告编号：2025-058 | | --- | --- | --- | | 债券代码：113632 | 债券简称：鹤 21 转债 | | 仙鹤股份有限公司 关于召开2025年第三次临时股东会的通知 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： 股东会召开日期：2025年10月15日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 一、 召开会议的基本情况 (一) 股东会类型和届次 2025年第三次临时股东会 (二) 股东会召集人：董事会 (三) 投票方式：本次股东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 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 10 月 15 日 14 点 00 分 召开地点：浙江省衢州市衢江区天湖南路 69 号仙鹤股份有限公司会议室 无 二、 会议审议事项 (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会网络投票系统 网络投票起止时间：自2025 ...

一、董事会会议召开情况 仙鹤股份有限公司（以下简称"公司"） 第四届董事会第三次会议通知于2025年9 月22日以邮件、通讯等方式向全体董事发出，会议于2025年9月26日以通讯表决方式召 开。本次会议召集人为董事长王敏良先生，应参与表决董事9人，实际参与表决董事9人。 会议的召集、召开与表决程序符合《中华人民共和国公司法》（以下简称"《公司 法》"）、《仙鹤股份有限公司章程》（以下简称"《公司章程》"）以及有关法律法 规的规定，会议合法有效。 二、董事会会议审议情况 （一）审议通过《关于公司符合向特定对象发行A股股票条件的议案》 | 证券代码：603733 | 证券简称：仙鹤股份 | 公告编号：2025-052 | | --- | --- | --- | | 债券代码：113632 | 债券简称：鹤21转债 | | 仙鹤股份有限公司 第四届董事会第三次会议决议公告 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个别及连带责任。 根据《公司法》《中华人民共和国证券法》（以下简称"《证券法》"）、《上市 公司证券发行注册管理办法》（以下简 ...

格隆汇9月26日｜仙鹤股份：拟定增募资不超过30亿元，用于广西三江口新区高性能纸基新材料项目二 期工程、补充流动资金。 ...

仙鹤股份有限公司 章程 二〇二五年八月 | 第一章 | 总则 | 2 | | --- | --- | --- | | 第二章 | | 经营宗旨和范围 3 | | 第三章 | 股份 | 3 | | 第一节 | | 股份发行 3 | | 第二节 | | 股份增减和回购 4 | | 第三节 | | 股份转让 5 | | 第四章 | | 股东和股东会 6 | | 第一节 | | 股东的一般规定 6 | | 第二节 | | 控股股东和实际控制人 9 | | 第三节 | | 股东会的一般规定 11 | | 第四节 | | 股东会的召集 14 | | 第五节 | | 股东会的提案与通知 16 | | 第六节 | | 股东会的召开 17 | | 第七节 | | 股东会的表决和决议 20 | | 第五章 | | 董事和董事会 25 | | 第一节 | | 董事的一般规定 25 | | 第二节 | | 董事会 29 | | 第三节 | | 独立董事 33 | | 第四节 | | 董事会专门委员会 36 | | 第六章 | | 高级管理人员 38 | | 第七章 | | 财务会计制度、利润分配和审计 39 | | 第一节 | | ...

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个别及连带责任。 仙鹤股份有限公司（以下简称"公司"）于2025年8月22日召开了2025年第二次临时 股东大会，审议通过《关于取消监事会并修订<公司章程>的议案》等议案，选举产生了公 司第四届董事会非独立董事（不含职工代表董事）及独立董事，与公司职工代表大会选举 产生的职工代表董事共同组成公司第四届董事会。同日，公司召开了第四届董事会第一次 会议，选举公司第四届董事会董事长、副董事长、董事会各专门委员会成员，并聘任公司 新一届高级管理人员。具体内容详见公司在上海证券交易所网站披露的《仙鹤股份有限公 司关于取消监事会并修订<公司章程>及制定、修订公司相关管理制度的公告》（公告编号： 2025-035）、《仙鹤股份有限公司关于董事会完成换届选举及聘任高级管理人员、证券事 务代表的公告》（公告编号：2025-043）。 近日，公司已完成上述事项的工商变更登记及《公司章程》备案手续。根据浙江省市 场监督管理局规范性要求，公司调整了《公司章程》部分条款的措辞，调整内容与公司 2025年第二次临时股东 ...

Core Insights - The A-share listed paper companies in China reported a significant decline in revenue and profit for the first half of 2025, with total revenue of 91.647 billion yuan and total profit of only 64 million yuan, indicating a challenging operating environment for the industry [1][4][13] Revenue Summary - A total of 27 listed paper companies reported revenues exceeding 2 billion yuan, with 19 companies achieving revenues over 10 billion yuan, representing 70.37% of the total [4] - The revenue of the top two companies, Sun Paper and Shanying International, was 19.113 billion yuan and 13.842 billion yuan respectively, while Chenming Paper's revenue dropped to 2.107 billion yuan due to production line maintenance [4][5] - 14 companies experienced revenue growth, accounting for 51.85% of the total, a decrease from 64.29% in the previous year [5] Profit Summary - The total profit for the 27 listed paper companies was only 64 million yuan, a drastic drop from 4.385 billion yuan in the same period last year, with 24 companies remaining profitable [8][9] - Sun Paper led the profit rankings with 1.78 billion yuan, while 10 companies reported profits exceeding 100 million yuan, a decrease of one company compared to the previous year [8][9] - 15 companies saw a decline in net profit, with 3 companies experiencing losses, the most significant being ST Chenming with a net loss of 3.858 billion yuan [9][10] Industry Trends - The paper industry is facing a "ice-fire two重天" situation, with production increasing but profits declining due to supply-demand imbalances and high costs [13] - The production of mechanical paper and paperboard in China increased by 3.2% in the first half of 2025, but the revenue for the paper and paper products industry decreased by 2.3% [13] - Leading companies like Sun Paper and Xianhe Co. are focusing on integrated operations to mitigate cost pressures and enhance profitability [13][14]

Group 1: Institutional Research on Popular Companies - The top twenty companies with the highest number of institutional research visits in the past 30 days include Mindray Medical, Huichuan Technology, Crystal Optoelectronics, Jing Sheng Machinery, and United Imaging Medical [13][15] - In the last five days, the most popular companies for institutional research include Jepu Te, Gan Li Pharmaceutical, Shiji Information, Guangri Co., and Nenghui Technology [13][14] - Among the top twenty companies in the past 30 days, 18 companies had ten or more rating agencies, with significant profit growth expected for Lankai Technology, Desai Xiwei, and Huichuan Technology in their 2025 mid-year reports compared to 2024 [13][16] Group 2: Shareholder Increase in A-Share Listed Companies - From September 15 to September 19, 2025, three listed companies announced significant shareholder increases, including Sierte, Qilu Bank, and Wuzhou Transportation, with Wuzhou Transportation's planned increase amount exceeding 1% of the market value on the announcement date [20][21] - From January 1 to September 19, 2025, a total of 271 companies announced shareholder increases, with 83 of them having ten or more rating agencies. Among these, 22 companies had planned increase amounts exceeding 1% of their market value [22][23] Group 3: Share Buyback Situations in A-Share Listed Companies - From September 15 to September 19, 2025, 69 companies announced buyback progress, with 25 of them having ten or more rating agencies. Five companies, including Jian Sheng Group, Huafa Co., Ninebot Inc., Wens Foodstuff Group, and Jiayi Co., had buyback amounts exceeding 1% of their market value [27][29] - From January 1 to September 19, 2025, a total of 1,739 companies announced buyback progress, with 420 having ten or more rating agencies. Among these, 107 companies had buyback amounts exceeding 1% of their market value [28][30]

Core Viewpoint - The demand for graphite thermal paper in China has been continuously growing due to the explosive growth of e-commerce and logistics, the upgrade in demand for high-precision thermal paper in sectors like healthcare and finance, and the shift towards environmentally friendly products driven by regulatory policies [1][10]. Industry Overview - Graphite thermal paper is a specialized type of thermal paper made from graphite powder and thermal materials, which exhibits specific color changes when heated. It is widely used in labels, receipts, medical applications, logistics, and electronic communications [4][5]. - The production of graphite thermal paper involves a supply chain that includes raw materials such as graphite, thermal resins, color developers, and base paper, which are processed into high-quality products through advanced manufacturing techniques [5][6]. Market Demand and Growth - The production volume of graphite thermal paper in China is projected to reach 172,000 tons in 2024, representing a year-on-year increase of 10.6% [1][11]. - The rapid growth of the logistics sector, particularly in e-commerce, has significantly increased the demand for thermal paper labels, with the express delivery volume expected to reach 95.64 billion pieces in the first half of 2025, a year-on-year growth of 19.3% [9][10]. Competitive Landscape - The Chinese graphite thermal paper industry features numerous participants, including large international companies and many regional small and medium-sized enterprises. Major companies include Guangdong Crown High-tech Co., Ltd., Shandong Chenming Paper Group Co., Ltd., and Xianhe Co., Ltd. [12][13]. - Guangdong Crown High-tech Co., Ltd. reported a revenue of 1.905 billion yuan from thermal paper and sublimation paper in 2024, reflecting a year-on-year increase of 12.18% [13]. Development Trends - Technological innovation is expected to drive product upgrades, with the application of nanotechnology enhancing the heat resistance, stability, and durability of graphite thermal paper [14]. - Environmental regulations are prompting companies to adopt greener production methods, which may lead to the elimination of non-compliant firms and an overall improvement in the industry's environmental standards [15]. - The demand for graphite thermal paper is diversifying, with stable growth anticipated in the financial sector and increasing needs in logistics, healthcare, and retail, driven by advancements in smart manufacturing and Industry 4.0 [16].