证券之星消息，8月4日造纸板块较上一交易日上涨0.12%，凯恩股份领涨。当日上证指数报收于 3583.31，上涨0.66%。深证成指报收于11041.56，上涨0.46%。造纸板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002012 | 凯恩股份 | 6.31 | 5.87% | 99.41万 | 6.25亿 | | 000488 | ST晨鸣 | 2.05 | 3.02% | 42.54万 | 8634.25万 | | 603733 | 仙鹤股份 | 22.00 | 2.28% | 4.09万 | 8993.79万 | | 833394 | 民士达 | 43.20 | 1.65% | 1.63万 | 7024.96万 | | 600235 | 民丰特纸 | 6.57 | 1.23% | 6.17万 | 4022.77万 | | 605500 | 蒜林包装 | ਰੇ ਰੇਖੋ | 1.12% | 7.68万 | 7565.20万 | | 301469 | 恒达新材 | ...

4月30日公司发布的一季报数据显示，一季度公司共实现营业收入1.02亿元，同比下降28.28%，实现净 利润-1800.98万元。 7月15日公司发布上半年业绩预告，预计实现净利润-5200.00万元至-4000.00万元。（数据宝） 松炀资源8月1日交易公开信息 松炀资源(603863)今日涨停，全天换手率11.07%，成交额3.96亿元，振幅11.02%。龙虎榜数据显示，营 业部席位合计净买入1524.01万元。 上交所公开信息显示，当日该股因日涨幅偏离值达10.38%上榜，营业部席位合计净买入1524.01万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交1.03亿元，其中，买入成交额为5906.49 万元，卖出成交额为4382.48万元，合计净买入1524.01万元。 具体来看，今日上榜营业部中，第一大买入营业部为上海证券有限责任公司深圳深湾二路证券营业部， 买入金额为1363.99万元，第一大卖出营业部为中信证券股份有限公司上海分公司，卖出金额为1224.98 万元。 资金流向方面，今日该股主力资金净流入7536.71万元，其中，特大单净流入6418.20万元，大单资金净 流入1118 ...

证券之星消息，8月1日造纸板块较上一交易日上涨1.47%，松炀资源领涨。当日上证指数报收于 3559.95，下跌0.37%。深证成指报收于10991.32，下跌0.17%。造纸板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603863 松炀资源 | | 7771.93万 | 19.60% | -3643.61万 | -9.19% | -4128.32万 | -10.41% | | 002012 凯恩股份 | | 5265.44万 | 28.52% | -2537.87万 | -13.75% | -2727.57万 | -14.77% | | 600966 博汇纸业 | | 1074.19万 | 11.57% | -797.09万 | -8.59% | -277.10万 | -2.99% | | 600793 宜宾纸业 | | 984.84万 | 4.67% | 398.20万 | 1.89% ...

造纸板块活跃，松炀资源、凯恩股份等涨停，山鹰国际涨近4%，博汇纸业、民丰特纸涨幅居前。 ...

金融界消息 截至2025年7月30日收盘，松炀资源（603863）报收于16.01元，上涨4.03%，换手率 11.13%，成交量22.77万手，成交金额3.71亿元。 通过天眼查大数据分析，广东松炀再生资源股份有限公司共对外投资了6家企业，参与招投标项目5次， 知识产权方面有商标信息34条，专利信息49条，此外企业还拥有行政许可26个。 资金流向方面，今日主力资金净流入1326.84万元，占比成交额3.57%。其中，超大单净流入162.89万 元、占成交额0.44%，大单净流入1163.95万元、占成交额3.13%，中单净流出流入756.27万元、占成交 额2.04%，小单净流出2083.11万元、占成交额5.61%。 来源：金融界 松炀资源最新一期业绩显示，截至2025一季报，公司营业总收入1.02亿元、同比减少28.28%，归属净利 润1800.98万元，同比增长19.93%，扣非净利润1818.67万元，同比增长21.57%，流动比率0.265、速动比 率0.132、资产负债率65.01%。 天眼查商业履历信息显示，广东松炀再生资源股份有限公司，成立于2008年，位于汕头市，是一家以从 事造纸和纸制品 ...

Group 1 - The company expects a net profit attributable to shareholders for the first half of 2025 to be between -52 million yuan and -40 million yuan [1] - The expected net profit attributable to shareholders, excluding non-recurring gains and losses, is also projected to be between -52 million yuan and -40 million yuan [1] - The preliminary financial data is based on the company's internal calculations and has not been audited by an accounting firm [1] Group 2 - In the same period of the previous year (2024), the net profit attributable to shareholders was -60.0184 million yuan, and the net profit excluding non-recurring gains and losses was -61.5039 million yuan [2] - The basic earnings per share for the previous year was -0.29 yuan [2] - The main reasons for the expected loss include intense competition in the industry, continued price inversions for products, and negative sales gross margin [2]

[Guangdong Songyang Renewable Resources Co., Ltd. 2025 H1 Earnings Forecast](index=1&type=section&id=%E5%B9%BF%E4%B8%9C%E6%9D%BE%E7%82%80%E5%86%8D%E7%94%9F%E8%B5%84%E6%BA%90%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8%202025%20%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A) [Current Period Earnings Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company anticipates a net loss attributable to shareholders between -40.00 and -52.00 million RMB for H1 2025 2025 H1 Earnings Forecast | Metric | Projected Amount (RMB) | | :--- | :--- | | Net Profit Attributable to Shareholders | -52.00 million to -40.00 million | | Net Profit After Non-recurring Items | -52.00 million to -40.00 million | - This earnings forecast is based on **preliminary calculations** by the finance department and **has not been audited**[5](index=5&type=chunk) [Prior Year Period Operating Performance](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%83%85%E5%86%B5) The company's projected loss for H1 2025 shows a narrowing compared to the -60.02 million RMB loss in H1 2024 2024 H1 Performance Review | Metric | Amount (RMB) | | :--- | :--- | | Net Profit Attributable to Shareholders | -60.02 million | | Net Profit After Non-recurring Items | -61.50 million | | Basic Earnings Per Share | -0.29 | [Reasons for the Projected Loss](index=2&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E4%BA%8F%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) The projected loss is driven by weak demand, intense competition, and negative gross margins from price inversion - Core reasons for the loss include **continued weak downstream demand**, **intense industry competition**, and a **negative gross profit margin** due to product price inversion[8](index=8&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The preliminary earnings forecast is unaudited, though no major uncertainties affecting its accuracy are identified - The forecast data is **preliminary and unaudited**, but the company confirms **no material uncertainties** exist that would affect its accuracy[9](index=9&type=chunk) [Other Matters](index=2&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E8%AF%B4%E6%98%8E%E4%BA%8B%E9%A1%B9) Final financial data will be detailed in the official 2025 H1 report, and investors should be aware of risks - The definitive financial data will be disclosed in the company's **official 2025 H1 report**[10](index=10&type=chunk)

Group 1 - The paper industry is experiencing a rise, with Yibin Paper (600793) hitting the daily limit increase [1] - Forest Packaging (605500) previously reached the limit, while Jingxing Paper (002067), Hengda New Materials (301469), and Songyang Resources (603863) also saw gains [1]

Core Viewpoint - The financial disclosure inquiry regarding Guangdong Songyang Recycling Resources Co., Ltd. highlights the company's revenue growth, product performance, customer and supplier relationships, and liquidity issues, alongside significant asset impairment provisions. Group 1: Main Business Performance - In 2024, the company achieved operating revenue of 727 million yuan, a year-on-year increase, with a gross profit margin of -6.55%, which is an increase of 6.02 percentage points compared to 2023 and 13.64 percentage points compared to 2022 [1][2] - The revenue contributions from high-strength corrugated paper, gray bottom coated whiteboard paper, and specialty paper were 62.27%, with direct sales and distribution income at 509 million yuan and 211 million yuan respectively, where distribution income grew by 21.19% year-on-year [1][2] - The top five customers accounted for 311 million yuan, representing 43.25% of total sales, while the top five suppliers accounted for 282 million yuan, or 35.12% of total purchases [2] Group 2: Financial and Liquidity Analysis - As of the end of the reporting period, the company had cash and cash equivalents of 62 million yuan and interest-bearing liabilities of 435 million yuan, with a debt-to-asset ratio increasing from 43.35% to 64.03% over three years [15][17] - The liquidity ratios showed a decline, with the current ratio dropping from 0.38 to 0.25 and the quick ratio from 0.19 to 0.14 [15] - The company’s cash flow primarily supports operational and financing activities, with no restricted cash or other limitations reported [22] Group 3: Asset Impairment - The company reported a fixed asset balance of 719 million yuan at the end of the reporting period, with an asset impairment provision of 78 million yuan, marking a year-on-year increase of 323.66% [22][23] - The impairment provisions included 25 million yuan for the coated whiteboard paper production line, 30 million yuan for the high-strength corrugated paper production line, and 6.43 million yuan for specialty paper inventory [22][23] - The impairment testing process involved professional evaluations, with cash flow projections used to determine recoverable amounts for various asset groups [23][24]

广东松炀再生资源股份有限公司 《关于广东松炀再生资源股份有限公 司 2024 年年度报告的信息披露监管问询 函》中有关财务事项的说明 大华核字[2025]0011007218 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 《关于广东松炀再生资源股份有限公司 2024 年年度报 告的信息披露监管问询函》 上海证券交易所： 贵单位《关于广东松炀再生资源股份有限公司 2024 年年度报告 的信息披露监管问询函》上证公函【2025】0812 号文件奉悉，我们 已对文件中所提及的广东松炀再生资源股份有限公司（以下简称"松 炀资源"或"公司"）财务事项进行了审慎核查，现汇报如下： 中有关财务事项的说明 目 录 页 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 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 次 广 ...