广东松炀再生资源股份有限公司 2025 年年度业绩预告 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：2026-002 重要内容提示： 本期业绩预告适用情形：净利润为负值。 广东松炀再生资源股份有限公司（以下简称"公司"）预计 2025 年年 度实现归属于上市公司股东的净利润-21,000.00 万元到-16,000.00 万元。 公司预计 2025 年年度实现归属于上市公司股东的扣除非经常性损益的 净利润-21,000.00 万元到-16,000.00 万元。 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况 经财务部门初步测算，预计 2025 年年度实现归属于上市公司股东的净利润 -21,000.00 万元到-16,000.00 万元。 预计 2025 年年度实现归属于上市公司股东的扣除非经常性损益的净利润 -21,000.00 万元到-16,000.00 万元。 二、上年同期经营业 ...

人民财讯1月20日电，松炀资源（603863）1月20日公告，预计2025年实现归属于上市公司股东的净利润 亏损1.6亿元到2.1亿元。报告期内，受整体市场行情因素等影响，公司下游需求疲软、同行业竞争激 烈，同时受市场环境及原材料价格波动的影响，公司产品价格继续倒挂，销售毛利率为负数，导致公司 2025年度经营业绩出现亏损。 ...

Group 1 - The core viewpoint of the article highlights the growth in the number of enterprises in the paper and paper products industry in China, with a total of 8,167 companies reported as of January-November 2025, marking an increase of 125 companies or 1.55% year-on-year [1] - The proportion of the paper and paper products industry enterprises in relation to the total number of industrial enterprises stands at 1.55% [1] - The data indicates a shift in the threshold for large-scale industrial enterprises, with the minimum annual main business income requirement raised from 5 million yuan to 20 million yuan since 2011 [1] Group 2 - The report referenced is titled "Analysis of Development Models and Market Operation Potential of the Chinese Paper Industry from 2026 to 2032" published by Zhiyan Consulting [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research reports, business plans, feasibility studies, and customized services [2] - The firm emphasizes its commitment to providing comprehensive industry solutions to empower investment decisions through professional insights and quality services [2]

Group 1 - The paper sector experienced a decline of 0.34% on January 16, with Annie Co. leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] - Key stocks in the paper sector showed varied performance, with Guanmeng High-tech rising by 7.50% to a closing price of 3.44, while Annie Co. fell by 6.45% to 10.45 [2] Group 2 - The paper sector saw a net outflow of 14.20 million yuan from institutional investors and 24.42 million yuan from retail investors, while retail investors had a net inflow of 38.62 million yuan [2] - The detailed fund flow indicates that Guanmeng High-tech had a net inflow of 61.24 million yuan from institutional investors, while Annie Co. experienced a net outflow of 53.74 million yuan from retail investors [3] - The overall trading volume in the paper sector was significant, with Guanmeng High-tech achieving a transaction amount of 485 million yuan [1][2]

Group 1 - The paper sector experienced a rise of 0.55% on January 12, with Qifeng New Materials leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] - Key stocks in the paper sector showed significant increases, with Qifeng New Materials rising by 5.21% to a closing price of 68.8, and Changxing Paper Industry increasing by 4.14% to 5.79 [1] Group 2 - The paper sector saw a net outflow of 85.15 million yuan from major funds, while retail investors contributed a net inflow of 139 million yuan [2] - Individual stocks like Shanying International and Bohui Paper experienced varying levels of net inflow and outflow from different investor categories [3] - Shanying International had a major fund net outflow of 25.60 million yuan, while Bohui Paper saw a net inflow of 15.72 million yuan from major funds [3]

关于公开挂牌转让子公司股权的进展公告 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。 一、交易概述 证券代码：603863 证券简称：松炀资源 公告编号：2026-001 广东松炀再生资源股份有限公司 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）。 二、交易进展情况 本次公开挂牌转让子公司股权事项，最终交易对方 ...

Core Viewpoint - The paper industry experienced a decline of 0.73% on January 5, with Songyang Resources leading the drop, while the Shanghai Composite Index rose by 1.38% and the Shenzhen Component Index increased by 2.24% [1]. Group 1: Market Performance - The paper sector saw a mixed performance among individual stocks, with Minshida leading with an increase of 8.72% to a closing price of 44.49, while Songyang Resources fell by 3.51% to 19.25 [1][2]. - The trading volume for Minshida was 72,800 shares, resulting in a transaction value of 323 million yuan, while Songyang Resources had a trading volume of 124,100 shares with a transaction value of 240 million yuan [1][2]. Group 2: Capital Flow - The paper sector experienced a net outflow of 178 million yuan from institutional investors, while retail investors saw a net inflow of 195 million yuan [2]. - Notable stocks with significant capital inflows included Minshida with a net inflow of 47.01 million yuan, and Sun Paper with a net inflow of 18.94 million yuan [3].

松炀资源公告称，2025年12月3日公司在广东股权交易中心公开挂牌转让全资子公司松炀新材100%股 权，首次挂牌价1亿元。12月19日该项目再次挂牌，转让价8000万元。截至2026年1月2日未征集到合格 意向方。公司将于1月6日以6400万元第三次挂牌转让，后续将按规则延长公告期，必要时调整挂牌价， 最终交易情况待定。 ...

Core Viewpoint - Songyang Resources is divesting its 51% stake in Songyang LeCai (Beijing) Operation Management Co., Ltd. to individual Zhao Xiangyue for 1 yuan, as part of a strategy to optimize business structure and focus on core operations [1][3] Group 1: Financial Performance - Songyang Resources has reported continuous net losses for three consecutive years from 2022 to 2024, with losses of 277 million yuan, 237 million yuan, and 236 million yuan respectively [2] - For the first three quarters of 2025, the company achieved a revenue of 314 million yuan, a significant decline of 40.2% year-on-year, with a net profit attributable to shareholders of -86.74 million yuan, despite a 17.11% reduction in losses compared to the previous year [2] - As of September 30, 2025, the company's asset-liability ratio reached 67.89% [2] Group 2: Business Operations - Songyang LeCai, established in July 2024, has struggled to gain traction, reporting a net loss of 1.51 million yuan in 2024 and a loss of 611,300 yuan in the first nine months of 2025, with revenue of only 198,200 yuan during the same period [1] - The company has previously attempted to expand its lottery business through acquisitions and capital increases, including plans for Jinling LeCai and Hainan LeCai, but these efforts have not met expectations and have faced regulatory and operational challenges [2] - The ongoing poor performance of its subsidiaries, including the cessation of operations at Songyang New Materials due to continuous losses, has prompted the company to seek diversification, with the lottery business being a key area of exploration [3]

Core Viewpoint - Songyang Resources is divesting its controlling stake in Songyang Lottery (Beijing) Management Co., Ltd. due to the lottery business not aligning with the company's development strategy, despite previous interest in the sector [1][4]. Group 1: Company Overview - Songyang Resources, based in Shantou, Guangdong, operates in the environmental recycled paper industry and has a market capitalization of 4.3 billion yuan [1]. - The company entered the lottery industry two years ago, which initially attracted significant capital interest and led to a surge in stock price [1]. Group 2: Business Operations - Songyang Lottery, the main operating company for Songyang Resources' lottery business, opened two physical lottery stores in Beijing in 2024 [2]. - The company plans to transfer its 51% stake in Songyang Lottery to individual Zhao Xiangyue for 1 yuan, with Zhao responsible for fulfilling the corresponding capital contribution obligations [2]. Group 3: Financial Performance - Songyang Lottery reported a revenue of 96,000 yuan and a loss of 1.5092 million yuan in 2024, while the first three quarters of this year showed a revenue of 198,200 yuan and a loss of 611,300 yuan [3]. - In contrast, Songyang Resources reported a revenue of 314 million yuan and a loss of over 86.7 million yuan in the first three quarters of this year [3]. Group 4: Strategic Implications - The divestment of Songyang Lottery is seen as a move to optimize the company's business structure and focus on its core operations, potentially indicating a strategic shift away from the lottery sector [2][4]. - The company has also invested in Jinling Lottery Technology Co., which is involved in video electronic lottery services, but this venture is still in its early stages due to regulatory delays [4].