格隆汇9月8日丨森林包装(605500.SH)公布，公司及子公司拟使用不超过人民币28,000.00万元（含）闲 置自有资金进行现金管理。 ...

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 8,107 enterprises reported from January to July 2025, marking an increase of 190 enterprises or 2.4% 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 1.56% [1] - The data indicates a shift in the criteria for scale enterprises, with the threshold for annual main business income raised from 5 million yuan to 20 million yuan since 2011 [1] Group 2 - The report referenced is the "2025-2031 China Paper Industry Market Survey Research and Development Prospects Report" 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 market acumen [2]

Core Viewpoint - The company, Forest Packaging, announced the approval of a proposal to temporarily use idle raised funds to supplement working capital, with a maximum amount of RMB 170 million [1] Group 1 - The third meeting of the third board of directors and the tenth meeting of the third supervisory board will be held on October 17, 2024 [1] - The company and its subsidiaries are authorized to use idle raised funds for a period not exceeding twelve months from the date of board approval [1] - As of September 3, 2025, the company will have fully returned the idle raised funds used for temporary working capital to the special account for raised funds [1]

Market Overview - The paper sector rose by 0.86% on September 4, with Songyang Resources leading the gains [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Individual Stock Performance - Songyang Resources (603863) closed at 19.51, up 9.98% with a trading volume of 222,200 shares and a turnover of 416 million yuan [1] - Zhi Shi Neng Bu (002067) closed at 5.08, up 9.96% with a trading volume of 4,698,500 shares and a turnover of 2.347 billion yuan [1] - Rong Sheng Environmental (603165) closed at 13.10, up 4.72% with a trading volume of 200,200 shares and a turnover of 263 million yuan [1] - Other notable performers include Hengfeng Paper (600356) up 2.85% and Yibin Paper (600793) up 2.53% [1] Capital Flow Analysis - The paper sector experienced a net outflow of 191 million yuan from institutional investors, while retail investors saw a net inflow of 202 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Detailed Capital Flow for Selected Stocks - Songyang Resources had a net inflow of 44.21 million yuan from institutional investors, but a net outflow of 25.44 million yuan from retail investors [3] - Rong Sheng Environmental saw a net inflow of 11.58 million yuan from institutional investors, while retail investors had a net outflow of 14.10 million yuan [3] - Other stocks like Xianhe Co. (603733) and Huawang Technology (605377) also showed varied capital flows, indicating differing investor sentiments across the sector [3]

关于归还临时补充流动资金的募集资金的公告 证券代码：605500 证券简称：森林包装 公告编号：2025-047 森林包装集团股份有限公司 截至2025年9月3日，公司已将上述用于临时补充流动资金的闲置募集资金悉 数归还至募集资金专用账户，并及时将上述募集资金的归还情况告知了保荐机构 及保荐代表人。 特此公告。 森林包装集团股份有限公司董事会 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法律责任。 森林包装集团股份有限公司（以下简称"公司"）于2024年10月17日召开第 三届董事会第十次会议和第三届监事会第十次会议，分别审议通过了《关于使用 部分闲置募集资金临时补充流动资金的议案》，同意公司及子公司使用不超过人 民币17,000.00万元（含）闲置募集资金临时补充流动资金，使用期限自董事会审 议批准之日起不超过十二个月，到期日之前及时归还至募集资金专用账户。具体 内容详见公司2024年10月18日披露于上海证券交易所网站的《森林包装集团股份 有限公司关于使用部分闲置募集资金临时用于补充流动资金的公告》 （公告编号： ...

关于归还临时补充流动资金的募集资金的公告 证券代码：605500 证券简称：森林包装 公告编号：2025-047 森林包装集团股份有限公司 特此公告。 森林包装集团股份有限公司董事会 2025年9月5日 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法律责任。 森林包装集团股份有限公司（以下简称"公司"）于2024年10月17日召开第 三届董事会第十次会议和第三届监事会第十次会议，分别审议通过了《关于使用 部分闲置募集资金临时补充流动资金的议案》，同意公司及子公司使用不超过人 民币17,000.00万元（含）闲置募集资金临时补充流动资金，使用期限自董事会审 议批准之日起不超过十二个月，到期日之前及时归还至募集资金专用账户。具体 内容详见公司2024年10月18日披露于上海证券交易所网站的《森林包装集团股份 有限公司关于使用部分闲置募集资金临时用于补充流动资金的公告》（公告编号： 2024-063）。公司实际使用5,802.00万元闲置募集资金用于临时补充流动资金。 截至2025年9月3日，公司已将上述用于临时补充流动资金的闲置募集资金悉 ...

（文章来源：证券日报） 证券日报网讯 9月1日晚间，森林包装发布公告称，2025年8月1日至8月31日，公司及子公司为森林纸业 提供担保金额921.84万元。截至2025年8月31日，公司及子公司为森林纸业提供担保余额1，186.39万 元。2025年8月1日至2025年8月31日，公司及子公司为联合纸业实际提供担保金额6，719.23万元。截至 2025年8月31日，公司及子公司为联合纸业提供担保余额68，173.96万元。联合纸业少数股东的实际控 制人按所控制企业持有的联合纸业股权比例，为公司给联合纸业担保不超过30，000.00万元提供反担保 承诺。 ...

证券代码：605500 证券简称：森林包装 公告编号：2025-046 2、浙江森林联合纸业有限公司(以下简称"联合纸业")，系公司的控股子 公司。 本次担保金额及已实际为其提供的担保余额： 1、2025 年 8 月 1 日至 2025 年 8 月 31 日，公司及子公司为森林纸业提供担 保金额 921.84 万元。截至 2025 年 8 月 31 日，公司及子公司为森林纸业提供担 保余额 1,186.39 万元。 2025 年 8 月 1 日至 2025 年 8 月 31 日，公司及子公司为联合纸业实际提供 担保金额 6,719.23 万元。截至 2025 年 8 月 31 日，公司及子公司为联合纸业提供 担保余额 68,173.96 万元。 本次担保是否有反担保：联合纸业少数股东的实际控制人按照所控制企 业持有的联合纸业股权比例，为公司给联合纸业担保不超过 30,000.00 万元提供 反担保承诺。 森林包装集团股份有限公司 关于对外担保的进展公告 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法律责任。 重要内容提示： 被担保人名 ...

证券代码：605500 证券简称：森林包装 公告编号：2025-045 森林包装集团股份有限公司 ●投资种类：兴业银行企业金融人民币结构性存款产品。 ● 投资金额：本次收回投资人民币 3,000.00 万元。 ●投资决策履行的审议程序：森林包装集团股份有限公司（以下简称"公司" 或"森林包装"）于 2024 年 10 月 17 日召开第三届董事会第十次会议及第三届监 事会第十次会议，分别审议通过了《关于使用部分闲置募集资金进行现金管理的 议案》，保荐机构光大证券股份有限公司对本事项出具了无异议的核查意见。 一、 本次使用闲置募集资金进行现金管理到期收回的情况 公司的全资子公司台州森林造纸有限公司（以下简称"森林造纸"），于 2025 年 7 月 31 日使用部分闲置募集资金投资于兴业银行企业金融人民币结构性 存款产品人民币 3,000.00 万元，具体内容见公司在 2025 年 8 月 2 日上海证券交 易所网站（www.sse.com.cn）及指定媒体披露的《森林包装集团股份有限公司关 于使用部分闲置募集资金进行现金管理到期收回并继续进行现金管理进展的公 告》（公告编号：2025-040）。森林造纸于 20 ...

Core Viewpoint - The financial performance of Senlin Packaging (605500) for the first half of 2025 shows a slight increase in revenue but a significant decline in net profit, indicating potential challenges in profitability and cash flow management [1] Financial Performance Summary - Total revenue for the first half of 2025 reached 1.16 billion yuan, a year-on-year increase of 3.91% compared to 1.117 billion yuan in 2024 [1] - Net profit attributable to shareholders was 31.134 million yuan, down 60.98% from 79.7813 million yuan in the previous year [1] - The gross profit margin decreased to 7.85%, a decline of 43.73% from 13.95% in 2024 [1] - The net profit margin fell to 0.86%, down 87.89% from 7.14% in 2024 [1] - Total expenses (selling, administrative, and financial) amounted to 64.6946 million yuan, representing 5.58% of revenue, an increase of 34.25% year-on-year [1] - Earnings per share decreased to 0.08 yuan, a decline of 57.89% from 0.19 yuan in 2024 [1] Balance Sheet Changes - Cash and cash equivalents decreased by 28.48% to 195 million yuan due to a reduction in bank deposits [2] - Trade receivables decreased by 9.85% to 220 million yuan, attributed to a reduction in sales receivables [2] - Interest-bearing liabilities increased by 122.32% to 896 million yuan, indicating a rise in bank borrowings [1][2] - Inventory increased by 56.63% due to the addition of new materials and products from a subsidiary [2] Operational Insights - The company’s return on invested capital (ROIC) was 6.04%, indicating average capital returns, with a historical median ROIC of 13.35% since its listing [5] - The business model relies heavily on capital expenditures, necessitating careful evaluation of the profitability of these investments [5] - The company’s debt situation is concerning, with an interest-bearing asset liability ratio reaching 21.71% [5] - The accounts receivable to profit ratio stands at 113.53%, highlighting potential cash flow issues [5]