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。 一、董事会会议召开情况 证券代码：603863 证券简称：松炀资源 公告编号：2025-010 广东松炀再生资源股份有限公司 第四届董事会第二十一次会议决议公告 1、审议通过了《关于公司 2024 年年度报告及年度报告摘要的议案》； 广东松炀再生资源股份有限公司（以下简称"公司"）于 2025 年 4 月 19 日以邮件、书面方式向全体董事发出了以现场结合通讯表决方式召开第四届董事 会第二十一次会议的会议通知及相关议案。2025 年 4 月 29 日，公司以现场结合 通讯表决方式召开了第四届董事会第二十一次会议。本次会议由公司董事长王壮 加先生召集和主持，会议应参与表决的董事 7 名，实际参与表决的董事 7 名。本 次会议召集及召开程序符合《公司法》、《公司章程》和《董事会议事规则》的 有关规定，会议合法有效。 二、董事会会议审议情况 会议审议并以记名投票方式表决通过了会议议案，作出以下决议： 公司根据企业的经营情况及经大华会计师事务所（特殊普通合伙）审计的财 务报表，编写 ...

广东松炀再生资源股份有限公司 表决结果：同意 3 票，反对 0 票，弃权 0 票 2、审议通过《关于预计公司 2025 年度关联交易的议案》，并提请董事会审 议； 独立董事认为：公司 2025 年度预计发生的关联交易事项符合了平等、自愿、 等价、有偿原则，交易价格公平合理，拟发生的关联担保交易事项符合相关法律 及公司章程的规定，系公司日常生产经营及战略发展的需要，不存在利益输送的 情况，不存在损害中小股东利益的行为，同意将该议案提交公司董事会审议。 表决结果：同意 3 票，反对 0 票，弃权 0 票 广东松炀再生资源股份有限公司独立董事 第四届董事会第九次独立董事专门会议决议 广东松炀再生资源股份有限公司（以下简称"公司"）于 2025 年 4 月 19 日 以邮件、书面方式向全体独立董事发出了以现场结合通讯表决方式召开第四届董 事会第九次独立董事专门会议的会议通知及相关议案。2025 年 4 月 25 日，公司 以现场结合通讯表决方式召开了第四届董事会第九次独立董事专门会议。会议应 参与表决的独立董事 3 名，实际参与表决的独立董事 3 名。全体独立董事共同推 举蔡开雄先生担任公司独立董事专门会议的召集人和 ...

广东松炀再生资源股份有限公司 关于 2024 年度拟不进行利润分配的公告 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。 证券代码：603863 证券简称：松炀资源 公告编号：2025-014 重要提示： ● 2024 年年度利润分配预案为：2024 年度拟不进行利润分配，不派发现金 红利，也不进行资本公积金转增股本和其他形式的分配。 ● 本次利润分配预案已经公司第四届董事会第二十一次会议审议通过，尚 需提交公司 2024 年年度股东大会审议。 ● 公司未触及《上海证券交易所股票上市规则》第 9.8.1 条第一款第（八） 项规定的可能被实施其他风险警示的情形。 一、利润分配预案的内容 （一）利润分配方案的具体内容 经大华会计师事务所（特殊普通合伙）审计，广东松炀再生资源股份有限公 司（以下简称"公司"）2024 年度合并报表实现净利润-236,359,341.76 元，其 中归属于上市公司股东的净利润-235,619,847.04 元。截止 2024 年 12 月 31 日， 母公司实现净利润-168,693,280.0 ...

证券代码：603863 证券简称：松炀资源 公告编号：2025-020 以简易程序向特定对象发行股票的公告 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。 广东松炀再生资源股份有限公司（以下简称"公司"）于 2025 年 4 月 29 日 召开第四届董事会第二十一次会议、第四届监事会第十六次会议，审议通过了《关 于提请股东大会授权董事会办理以简易程序向特定对象发行股票的议案》。为提 高公司股权融资决策效率，根据《上市公司证券发行注册管理办法》（以下简称 "《注册管理办法》"）《上海证券交易所上市公司证券发行上市审核规则》（以下 简称"《上市审核规则》"）《上海证券交易所上市公司证券发行与承销业务实施细 则》（以下简称"《实施细则》"）等有关法律、法规及规范性文件的相关规定，公 司董事会提请股东大会授权董事会办理以简易程序向特定对象发行股票，融资总 额不超过人民币 3 亿元且不超过最近一年末净资产的 20%（以下简称"本次发行"）， 授权期限自2024年年度股东大会审议通过之日起至2025年年度股东大会召开之 日止。本议案 ...

广东松炀再生资源股份有限公司 控股股东及其他关联方资金占用情况的 专项说明 大华核字[2025]0011003876 号 大 华 会 计 师 事 务 所 (特 殊 普 通 合 伙 ) DaHua Certified PublicAccountants（Special General Partnership） 广东松炀再生资源股份有限公司 控股股东及其他关联方资金占用情况的专项说明 （截止 2024 年 12 月 31 日） 目 录 页 次 一、 控股股东及其他关联方资金占用情况的专项 说明 1-2 二、 广东松炀再生资源股份有限公司 2024 年度非 经营性资金占用及其他关联资金往来情况汇 总表 1 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 控 股 股 东 及 其 他 关 联 方 资 金 占 用 情 况 的 专 项 说 明 大华核字[2025]0011003876 号 广东松炀再生资源股份有限公司全体股东： 我们接受委托，依据 ...

Da Hua Certified Public Accountants（Special General Partnership） 广东松炀再生资源股份有限公司 关于营业收入扣除事项的 专项核查意见 （2024 年 1 月 1 日至 2024 年 12 月 31 日止） | | 目 录 | 页 次 | | --- | --- | --- | | 一、 | 关于营业收入扣除事项的专项核查意见 | 1-2 | | 二、 | 营业收入扣除情况明细表 | 1-2 | 广东松炀再生资源股份有限公司 关于营业收入扣除事项的 专项核查意见 大华核字[2025]0011003875 号 大 华 会 计 师 事 务 所 (特 殊 普 通 合 伙 ) 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 关于营业收入扣除事项的 专项核查意见 大华核字[2025]0011003875号 广东松炀再生资源股份有限公司： 我们接受委托，对广东松炀再生资源股份有限公司 ...

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]