广东松炀再生资源股份有限公司 审计报告 大华审字[2025]0011009620 号 大 华 会 计 师 事 务 所 (特 殊 普 通 合 伙 ) Da Hua Certified PublicAccountants（Special General Partnership） 广东松炀再生资源股份有限公司 审计报告及财务报表 （2024 年 1 月 1 日至 2024 年 12 月 31 日止） | | | 目 录 | 页 次 | | --- | --- | --- | --- | | 一、 | 审计报告 | | 1-5 | | 二、 | 已审财务报表 | | | | | 合并资产负债表 | | 1-2 | | | 合并利润表 | | 3 | | | 合并现金流量表 | | 4 | | | 合并股东权益变动表 | | 5-6 | | | 母公司资产负债表 | | 7-8 | | | 母公司利润表 | | 9 | | | 母公司现金流量表 | | 10 | | | 母公司股东权益变动表 | | 11-12 | | | 财务报表附注 | | 1-105 | ⼤华会计师事务所（特殊普通合伙） 北京市海淀区⻄四环中路 ...

广东松炀再生资源股份有限公司 内部控制审计报告 大华内字[2025]0011000107 号 大 华 会 计 师 事 务 所 (特 殊 普 通 合 伙 ) Da Hua Certified PublicAccountants（Special General Partnership） 广东松炀再生资源股份有限公司 内部控制审计报告 （截止 2024 年 12 月 31 日） 目 录 页 次 一、 内部控制审计报告 1-2 大华会计师事务所（特殊普通合伙） 北京市海淀区西四环中路 16 号院 7 号楼 12 层 [100039] 电话：86 (10) 5835 0011 传真：86 (10) 5835 0006 www.dahua-cpa.com 内 部 控 制 审 计 报 告 大华内字[2025]0011000107 号 广东松炀再生资源股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相 关要求，我们审计了广东松炀再生资源股份有限公司（以下简称松炀 资源公司）2024 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业 ...

Financial Performance - The company reported a net profit of -236,359,341.76 RMB for the year 2024, with a net profit attributable to shareholders of -235,619,847.04 RMB[6]. - Total revenue for 2024 was 726,772,397.32 RMB, representing a 9.23% increase compared to 2023[23]. - The company's net assets attributable to shareholders decreased by 29.44% to 465,426,816.36 RMB at the end of 2024[23]. - The total assets of the company decreased by 12.44% to 1,302,416,813.07 RMB compared to the previous year[23]. - The company plans not to distribute profits or dividends for the year 2024 due to negative retained earnings[6]. - The operating cash flow for 2024 was 8,577,467.35 RMB, a significant recovery from -28,568,104.85 RMB in 2023[23]. - The company faced a net loss of -223,195,985.05 RMB after excluding non-recurring gains and losses[23]. - The weighted average return on equity decreased to -41.35% in 2024, down 10.89 percentage points from 2023[24]. - The basic earnings per share for 2024 was -1.15 yuan, slightly improved from -1.16 yuan in 2023[24]. - The main business cost was 774.35 million yuan, which increased by 3.38% year-on-year, resulting in a gross margin of -6.55%, an improvement of 6.02 percentage points[70]. Revenue and Sales - The company’s revenue from main business activities was 719,946,087.80 RMB, an increase of 8.48% from the previous year[23]. - In 2024, the company achieved operating revenue of 726.77 million yuan, an increase of 9.23% compared to the previous year[35]. - The company achieved operating revenue of 726.77 million yuan, an increase of 9.23% compared to the same period last year[64]. - The company reported a significant increase in other business revenue, with a growth rate of 314.62% year-on-year[70]. - The top five customers contributed sales of 311.39 million yuan, accounting for 43.25% of total annual sales[76]. - The top five suppliers accounted for 281.89 million yuan in purchases, representing 35.12% of total annual purchases[77]. Production and Capacity - The company has an annual production capacity of 180,000 tons for high-strength corrugated paper and 100 million square meters for specialty paper, with a focus on eco-friendly and high-performance products[46]. - The company’s specialty paper production line, which began construction in 2019, has an annual capacity of 25,000 tons for thermal paper, with the first phase completed in 2022[49]. - High-strength corrugated paper production increased by 53.53%, with sales volume rising by 49.39% compared to the previous year[72]. - The production of coated whiteboard paper decreased significantly by 40.71%, while the sales volume dropped by 35.69% due to the production line being halted after July[72]. Research and Development - The company has invested significantly in R&D, with R&D expenses amounting to 19.21 million yuan, reflecting a 1.62% increase year-on-year[65]. - Research and development expenses totaled 28.81 million yuan, constituting 3.96% of operating revenue[80]. - The company has developed a complete technology innovation system through collaborations with universities, enhancing its R&D capabilities[61]. - The company is focusing on the transformation towards high-tech and high-value-added special paper and new paper products, aiming to increase market share in high-end applications[121]. Market and Industry Trends - The paper industry in China is expected to see a production volume of 13.625 million tons, a 5.09% increase from 2023, with a consumption volume of 13.634 million tons, up 3.56%[42]. - The domestic paper and board imports decreased by 3.98% to 10.87 million tons in 2024, while exports increased by 15.67% to 10.78 million tons[43]. - The overall recovery of the paper industry is positive, with steady growth in production and consumption, particularly in the high-strength corrugated paper market[127]. - The market for thermal paper is expected to continue expanding, reflecting strong growth potential in various segments[127]. Environmental and Compliance - The company invested 6.4577 million RMB in environmental protection during the reporting period[191]. - The company was identified as a key pollutant discharge unit for both water and air by environmental protection authorities[192]. - The company has implemented a comprehensive environmental management system to ensure compliance with national and local environmental laws[195]. - The company has established an emergency response plan for sudden environmental incidents, which has been filed with the environmental authorities[197]. - The company has taken measures to reduce carbon emissions by upgrading old equipment to minimize energy loss[200]. Governance and Management - The company has established a comprehensive internal control system to protect investor interests and promote stable development[151]. - The board of directors has set up specialized committees to enhance decision-making efficiency and compliance[146]. - The company strictly adheres to information disclosure regulations, ensuring transparency and fairness for all shareholders[149]. - The company has a clear governance structure, with responsibilities defined for the shareholders' meeting and board of directors[145]. - The company has maintained a stable shareholding structure with no significant changes reported[156]. Strategic Initiatives - The company is committed to developing new products and technologies to meet evolving market demands[160]. - The company is exploring potential mergers and acquisitions to accelerate growth and diversify its portfolio[160]. - The company plans to optimize its organizational structure and implement performance evaluation systems to improve management efficiency and employee motivation[132]. - The company plans to invest in new projects and technologies, reflecting a commitment to innovation and growth[176].

Financial Performance - The company's operating revenue for Q1 2025 was ¥102,461,202.49, a decrease of 28.28% compared to ¥142,862,664.59 in the same period last year[4] - The net loss attributable to shareholders was ¥18,009,763.16, an improvement from a loss of ¥22,491,397.62 in the previous year[4] - The basic and diluted earnings per share were both -¥0.09, compared to -¥0.11 in the same period last year[4] - The net profit for Q1 2025 was -18,128,942.99 CNY, an improvement from -22,492,132.94 CNY in Q1 2024, representing a 19.5% reduction in losses[21] - The total comprehensive loss for Q1 2025 was -18,128,942.99 CNY, compared to -22,605,246.04 CNY in Q1 2024, reflecting a 19.5% improvement[22] Cash Flow and Liquidity - The net cash flow from operating activities was -¥40,363,683.28, worsening from -¥29,377,206.30 year-on-year[4] - Operating cash flow for Q1 2025 was -40,363,683.28 CNY, compared to -29,377,206.30 CNY in Q1 2024, indicating a 37.5% increase in cash outflow[25] - Cash and cash equivalents decreased to CNY 47,244,196.54 from CNY 61,945,495.51, a decline of 23.8%[13] - Cash and cash equivalents at the end of Q1 2025 were 47,244,196.54 CNY, down from 61,945,495.51 CNY at the beginning of the period, a decrease of 23.8%[27] - The cash flow from financing activities in Q1 2025 was 26,254,412.52 CNY, an increase of 37.9% compared to 19,044,711.65 CNY in Q1 2024[27] - The company recorded a cash outflow of 124,272,218.10 CNY from operating activities in Q1 2025, down from 201,360,174.93 CNY in Q1 2024, indicating a 38.3% reduction[25] - The investment activities generated a net cash outflow of -585,333.12 CNY in Q1 2025, compared to -6,162,815.38 CNY in Q1 2024, showing a significant improvement[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,294,170,057.82, a slight decrease of 0.63% from ¥1,302,416,813.07 at the end of the previous year[5] - Total assets as of March 31, 2025, were CNY 1,294,170,057.82, slightly down from CNY 1,302,416,813.07 at the end of 2024[17] - Total liabilities increased to CNY 841,377,578.17 from CNY 833,929,491.43, an increase of 0.5%[16] - Shareholders' equity attributable to shareholders was ¥449,851,154.20, down 3.35% from ¥465,426,816.36 at the end of the previous year[5] Revenue and Costs - Total operating revenue for Q1 2025 was CNY 102,461,202.49, a decrease of 28.3% compared to CNY 142,862,664.59 in Q1 2024[20] - Total operating costs for Q1 2025 were CNY 124,690,582.63, down 29.3% from CNY 176,222,760.85 in Q1 2024[20] - Gross profit for Q1 2025 was CNY -22,229,380.14, indicating a loss compared to a profit in the same period last year[20] - Total revenue from sales in Q1 2025 was 83,298,183.79 CNY, down 50% from 166,683,509.05 CNY in Q1 2024[24] Shareholder Information - The total number of common shareholders at the end of the reporting period was 20,029[9] - The largest shareholder, Wang Zhuangpeng, holds 20.88% of the shares, with 32,860,000 shares pledged[10] Other Financial Metrics - The weighted average return on equity decreased to -3.93% from -3.47% year-on-year, a decline of 0.46 percentage points[5] - The company reported non-recurring gains and losses totaling ¥176,941.35 for the period[7] - The company incurred interest expenses of 6,282,742.95 CNY in Q1 2025, a decrease of 10.7% from 7,034,955.86 CNY in Q1 2024[21] - Accounts receivable decreased to CNY 9,912,302.93 from CNY 10,344,380.35, a reduction of 4.2%[13] - Inventory increased significantly to CNY 99,015,172.02 from CNY 76,976,710.68, an increase of 28.5%[15] - Long-term investments increased to CNY 56,585,385.22 from CNY 54,897,209.94, a growth of 3.1%[15]

广东松炀再生资源股份有限公司 2024 年度独立董事述职报告 2024 年，作为广东松炀再生资源股份有限公司（以下简称"公司"）的独立 董事，本人严格按照《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司治理准则》《上市公司独立董事管理办法》等法律、法规、规范性文件要 求，以及《广东松炀再生资源股份有限公司章程》（以下简称"公司章程"）《广 东松炀再生资源股份有限公司独立董事工作制度》等制度规定，勤勉尽责地履行 了独立董事的职责和义务，积极出席公司股东大会、董事会及其专门委员会相关 会议，认真审议公司董事会及其专门委员会各项议案，并对公司相关会议审议的 重要决策事项发表了公正、客观的独立意见，为公司的经营决策和规范化运作提 出了合理的意见和建议，切实维护了公司的整体利益和全体股东尤其是中小股东 的合法权益。 现将 2024 年度履职情况报告如下： 一、独立董事的基本情况 （一）个人工作履历、专业背景及兼职情况 应香凝女士：女，1962 年 7 月出生，中国国籍，无境外永久居留权，大专学 历。1987 年 7 月至 2001 年 7 月任上海江南造纸厂工程师；2001 年 8 月至 2002 年 7 ...

广东松炀再生资源股份有限公司 舆情管理制度 舆情管理制度 第一章 总 则 第一条 为了提高广东松炀再生资源股份有限公司（以下简称"公司"）应对 各类舆情的能力，建立快速反应和应急处置机制，及时妥善处理各类舆情对公司股 票价格、商业信誉及正常生产经营活动造成的影响，切实保护投资者的合法权益， 根据《上海证券交易所股票上市规则》等相关法律、法规和规范性文件以及《公司 章程》的规定，结合公司实际情况，制定本制度。 第二条 本制度所称舆情包括： （一）报刊、电视、网络等媒体（含自媒体）对公司进行的负面报道； （二）社会上存在的已经或可能给公司造成重大影响的传言或信息； （三）可能或者已经影响公众投资者投资取向，造成股价异常波动的信息； （四）其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生较大 影响的事件信息。 第二章 舆情管理的组织体系及其工作职责 第三条 公司应对各类舆情实行统一领导、统一组织、快速反应、协同应对的 工作机制。 广东松炀再生资源股份有限公司 （四）负责做好向证券监管部门的信息上报工作及上海证券交易所的信息沟通 工作； （五）各类舆情处理过程中的其他事项。 第六条 舆情工作组的舆情信息采集 ...

广东松炀再生资源股份有限公司 2024 年度独立董事述职报告 2024 年，作为广东松炀再生资源股份有限公司（以下简称"公司"）的独立 董事，本人严格按照《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司治理准则》《上市公司独立董事管理办法》等法律、法规、规范性文件要 求，以及《广东松炀再生资源股份有限公司章程》（以下简称"公司章程"）《广 东松炀再生资源股份有限公司独立董事工作制度》等制度规定，勤勉尽责地履行 了独立董事的职责和义务，积极出席公司股东大会、董事会及其专门委员会相关 会议，认真审议公司董事会及其专门委员会各项议案，并对公司相关会议审议的 重要决策事项发表了公正、客观的独立意见，为公司的经营决策和规范化运作提 出了合理的意见和建议，切实维护了公司的整体利益和全体股东尤其是中小股东 的合法权益。 现将 2024 年度履职情况报告如下： 一、独立董事的基本情况 （一）个人工作履历、专业背景及兼职情况 蔡开雄先生：男，1969 年 5 月出生，中国国籍，无境外永久居留权，硕士研 究生学历。1992 年 9 月至 1998 年 12 月，任广东汕头供销学校教师；1999 年 1 月 至 200 ...

广东松炀再生资源股份有限公司 2024 年度独立董事述职报告 2024 年，作为广东松炀再生资源股份有限公司（以下简称"公司"）的独立 董事，本人严格按照《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司治理准则》《上市公司独立董事管理办法》等法律、法规、规范性文件要 求，以及《广东松炀再生资源股份有限公司章程》（以下简称"公司章程"）《广 东松炀再生资源股份有限公司独立董事工作制度》等制度规定，勤勉尽责地履行 了独立董事的职责和义务，积极出席公司股东大会、董事会及其专门委员会相关 会议，认真审议公司董事会及其专门委员会各项议案，并对公司相关会议审议的 重要决策事项发表了公正、客观的独立意见，为公司的经营决策和规范化运作提 出了合理的意见和建议，切实维护了公司的整体利益和全体股东尤其是中小股东 的合法权益。 现将 2024 年度履职情况报告如下： 一、独立董事的基本情况 （一）个人工作履历、专业背景及兼职情况 蔡建生先生：男，1976 年 3 月出生，中国国籍，无境外永久居留权，硕士研 究生学历。1999 年 12 月至 2006 年 3 月任中国银行股份有限公司汕头市分行科员； 2003 年 6 ...

公司代码：603863 公司简称：松炀资源 广东松炀再生资源股份有限公司 2024年度内部控制评价报告 广东松炀再生资源股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2024年12月31日（内部控制评价报告基准日）的内部控制有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整，提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。此外，由于情况的变 ...

Financial Performance - The company reported a basic earnings per share of -1.15 yuan for 2024, showing a slight improvement of 0.86% compared to -1.16 yuan in 2023 [1] - The net profit for 2024 was -2.36 billion yuan, which is a marginal improvement from -2.37 billion yuan in 2023 [1] - The total revenue increased to 7.27 billion yuan in 2024, reflecting a growth of 9.32% from 6.65 billion yuan in 2023 [1] - The return on equity decreased to -41.35% in 2024, compared to -30.46% in 2023, indicating a worsening financial performance [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 75.15 million shares, accounting for 36.74% of the circulating shares, which is a decrease of 7.78 million shares from the previous period [2] - The largest shareholder, Wang Zhuangpeng, holds 42.73 million shares, representing 20.88% of the total share capital, with no change in holdings [3] - New entrants among the top shareholders include Shenzhen Nuclear Huaxi Medical Testing Laboratory, Yu Zhengrui, and Jin Deli, while notable exits include Wu Weibin and Hong Kong Central Clearing Limited [3] Dividend Policy - The company has announced no distribution or capital increase for the current period [2]