证券代码：603863 证券简称：松炀资源 公告编号：2026-007 | 股东名称 | 王壮鹏 | | --- | --- | | 本次解除质押的股份数量 | 5,500,000 | | 占其所持股份比例 | 12.87% | | 占公司总股本比例 | 2.69% | | 解除质押时间 | 2026年3月19日 | | 持股数量 | 42,730,500 | | 占公司总股本比例 | 20.88% | | 剩余被质押股份数量 | 27,360,000 | | 剩余被质押股份数量占其所持股份比例 | 64.03% | | 剩余被质押股份数量占公司总股本比例 | 13.37% | 广东松炀再生资源股份有限公司 关于控股股东、实际控制人部分股权质押及解除质押 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个别及连带责任。 重要内容提示： 广东松炀再生资源股份有限公司（以下简称："公司"）控股股东、实 际控制人王壮鹏先生持有公司股份 42,730,500 股，占公司总股本的 20.88%，通 过北海金兴阳投资有限公司（曾用名为：深圳市 ...

王壮鹏先生及其一致行动人合计持有公司股份数量为 61,521,500 股， 占公司总股本 30.06%。截至本公告日，王壮鹏先生及其一致行动人累计质押公 司股份为 48,860,000 股，占王壮鹏先生及其一致行动人持有公司总股本的 79.42%。 一、上市公司股份质押 重要内容提示： 广东松炀再生资源股份有限公司（以下简称："公司"）控股股东、实 际控制人王壮鹏先生之一致行动人北海金兴阳投资有限公司（曾用名为：深圳市 前海金兴阳投资有限公司，以下简称"金兴阳"）持有公司股份 10,366,000 股， 占公司总股本的 5.07%；本次股份质押展期后，金兴阳累计质押股份数量为 10,000,000 股, 占其持股数量比例为 96.47%。 证券代码：603863 证券简称：松炀资源 公告编号：2026-006 广东松炀再生资源股份有限公司 关于控股股东、实际控制人之一致行动人 部分股权质押展期的公告 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个别及连带责任。 | 蔡建涛 | 265,000 | 0.13% | 0 | 0 | 0.0 ...

Core Viewpoint - Songyang Resources announced the termination of the public transfer of its wholly-owned subsidiary, Songyang New Materials, after failing to attract qualified bidders during the fifth listing attempt, with the initial transfer price set at 100 million yuan and later reduced to 40.96 million yuan [1] Group 1 - The company publicly listed the 100% equity of its subsidiary, Songyang New Materials, on December 3, 2025, at an initial transfer price of 100 million yuan [1] - The fifth listing attempt on February 10 saw the transfer price decrease to 40.96 million yuan [1] - As of February 24, the listing period ended without any qualified bidders, leading to the termination of the transfer [1] Group 2 - The company retains full ownership of Songyang New Materials and stated that the termination of the transfer will not significantly impact its production and operations [1] - The company plans to make a prudent decision regarding future disposal plans and will disclose them accordingly [1]

证券代码：603863 证券简称：松炀资源 公告编号：2026-005 一、交易概述 为进一步盘活公司存量资产，优化资产结构，广东松炀再生资源股份有限公 司（以下简称"公司"）于 2025 年 12 月 3 日在广东股权交易中心公开挂牌转让 全资子公司汕头市松炀新材料特种纸有限公司（以下简称"松炀新材"）100% 的股权，首次挂牌转让价为松炀新材 100%股权对应价值（根据股权评估价值为 依据，综合考虑资产市场价值等情况）人民币 10,000.00 万元，具体内容详见公 司分别于 2025 年 11 月 15 日、2025 年 12 月 19 日、2026 年 1 月 6 日、2026 年 1 月 23 日及 2026 年 2 月 10 日发布于上海证券交易所网站（www.sse.com.cn）的 《关于公开挂牌转让子公司股权的公告》（公告编号：2025-050）、《关于公开 挂牌转让子公司股权的进展公告》（公告编号：2025-061）、《关于公开挂牌转 让子公司股权的进展公告》（公告编号：2026-001）、《关于公开挂牌转让子公 司股权的进展公告》（公告编号：2026-003）及《关于公开挂牌转让子公司股 ...

Core Viewpoint - The company announced the termination of the public transfer of its wholly-owned subsidiary, Songyang New Materials, after failing to attract qualified bidders despite multiple attempts to lower the transfer price from 100 million yuan to 40.96 million yuan [1] Group 1 - The company publicly listed the 100% equity of its subsidiary, Songyang New Materials, for transfer on December 3, 2025, with an initial transfer price set at 100 million yuan [1] - The transfer price was reduced to 40.96 million yuan during the fifth listing attempt on February 10 [1] - The transfer process was terminated on February 24 due to the lack of qualified interested parties, and the company retains full ownership of Songyang New Materials [1] Group 2 - The company stated that the termination of the transfer will not have a significant impact on its production and operations [1] - Future decisions regarding the disposal of the subsidiary will be made cautiously, with plans to disclose any new developments [1]

Core Viewpoint - The company is shifting its focus from diversification to a more cautious specialization in its core business, as evidenced by recent asset disposals and strategic partnerships aimed at enhancing operational efficiency and sustainability [1][2][3] Group 1: Asset Disposals - The company has initiated multiple asset disposals since the second half of 2025, including the planned transfer of 100% equity in its wholly-owned subsidiary, Shantou Songyang New Materials Special Paper Co., Ltd., to optimize its business structure and focus on core operations [1] - The company also announced the transfer of 51% equity in its subsidiary, Songyang LeCai (Beijing) Operation Management Co., Ltd., for a nominal price of 1 yuan, reflecting a strategic exit from the lottery business, which was only established in 2023 [2] Group 2: Focus on Core Business - The company is actively enhancing its core business capabilities by entering into a production management service contract with Hubei Changjiang Huifeng Paper Industry Co., Ltd. to support its 180,000-ton high-strength corrugated paper production line [3] - High-strength corrugated paper accounted for 66.70% of the company's total revenue during the first half of 2025, indicating its significance as the company's primary product [3] Group 3: Strategic Direction - The company's recent actions, including the divestiture of non-core assets and the introduction of external management expertise, signal a clear commitment to focusing on the high-strength corrugated paper sector amid market volatility and industry adjustments [3]

Core Viewpoint - Songyang Resources (603863) is experiencing continuous losses, with significant share pledges by the controlling shareholder and divestment of non-core subsidiaries to focus on its main business, alongside management changes [1]. Financial Performance - According to the earnings forecast released on January 20, 2026, Songyang Resources expects a net profit loss attributable to shareholders of between 160 million to 210 million yuan for the full year of 2025, marking the fourth consecutive year of losses since 2022. Although the loss scale is slightly narrowed compared to 2024, the main business still faces challenges from weak downstream demand, inverted product prices, and asset impairment pressures. The formal annual report and subsequent operational improvement effects are worth monitoring [2]. Shareholder Pledge - A notice on December 30, 2025, revealed that the controlling shareholder Wang Zhuangpeng and his concerted parties have extended the pledge of shares, with a cumulative pledged shareholding ratio reaching 96.47%. The announcement emphasized that risks are controllable, with repayment funds sourced from operating income, but the high pledge ratio may raise market concerns regarding share stability [3]. Subsidiary Development - On December 30, 2025, the company announced the transfer of 51% equity in its controlling subsidiary Songyang Le Cai for 1 yuan, exiting the non-core lottery business to optimize its asset structure and focus on the recycling resources main business. This adjustment may be viewed by the market as a signal to enhance operational efficiency [4]. Management Changes - On December 18, 2025, Songyang Resources announced the resignation of former general manager Wang Weilong due to personal reasons, with the board appointing Cai Jiantao as the new general manager. This personnel change may impact the strategic execution of the company [5]. Strategic Advancement - Following the termination of control transfer in 2025, the company has shifted to introduce external cooperation, such as signing a production management service contract with Hubei Changjiang Huifeng Paper Industry, aimed at enhancing the capacity and quality of high-strength corrugated paper. This initiative is part of the company's strategy to narrow its focus and return to core business, but its effectiveness will require time to validate [6].

Group 1 - The company is publicly transferring 100% equity of its wholly-owned subsidiary, Shantou Songyang New Materials Special Paper Co., Ltd., with an initial transfer price of RMB 10 million [2] - As of January 23, 2026, the fourth public listing price for the equity is set at RMB 5.12 million, but no qualified interested parties were found by the end of the disclosure period on February 6, 2026 [3] - The company plans to list the equity for a fifth time at 80% of the fourth listing price, which amounts to RMB 4.096 million, and will adjust the listing price as necessary based on the rules of the Guangdong Equity Exchange [3]

为进一步盘活公司存量资产，优化资产结构，广东松炀再生资源股份有限公 司（以下简称"公司"）于 2025 年 12 月 3 日在广东股权交易中心公开挂牌转让 全资子公司汕头市松炀新材料特种纸有限公司（以下简称"松炀新材"）100% 的股权，首次挂牌转让价为松炀新材 100%股权对应价值（根据股权评估价值为 依据，综合考虑资产市场价值等情况）人民币 10,000.00 万元，具体内容详见公 司分别于 2025 年 11 月 15 日、2025 年 12 月 19 日、2026 年 1 月 6 日及 2026 年 1 月 23 日发布于上海证券交易所网站（www.sse.com.cn）的《关于公开挂牌转 让子公司股权的公告》（公告编号：2025-050）、《关于公开挂牌转让子公司股 权的进展公告》（公告编号：2025-061）、《关于公开挂牌转让子公司股权的进 展公告》（公告编号：2026-001）及《关于公开挂牌转让子公司股权的进展公告》 （公告编号：2026-003）。 二、交易进展情况 2026 年 1 月 23 日，"汕头市松炀新材料特种纸有限公司 100%股权"项目第 四次在广东股权交易中心挂牌，本次挂牌 ...

Group 1 - The company announced the public transfer of 100% equity of its wholly-owned subsidiary, Songyang New Materials, starting from December 3, 2025, at an initial transfer price of 100 million yuan [1] - The transfer price was adjusted to 51.2 million yuan during the fourth listing on January 23, 2026 [1] - As of February 6, 2026, no qualified interested parties had been solicited, leading to a fifth listing on February 10 at a price of 40.96 million yuan, with potential adjustments to the announcement period or price depending on future developments [1]