Group 1 - The core viewpoint of the news is that Forest Packaging reported its third-quarter performance, showing a revenue increase but a significant decline in net profit [1] Group 2 - For the first three quarters of 2025, the company's revenue was approximately 1.981 billion yuan, representing a year-on-year increase of 17.03% [1] - The net profit attributable to shareholders was about 30.22 million yuan, reflecting a year-on-year decrease of 77.68% [1] - The basic earnings per share were 0.07 yuan, which is a year-on-year decrease of 78.79% [1] Group 3 - As of the report, Forest Packaging's market capitalization was 3.8 billion yuan [2]

Market Overview - The paper sector increased by 0.04% on October 27, with Qingshan Paper leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Individual Stock Performance - Qingshan Paper (600103) closed at 3.71, up 2.20%, with a trading volume of 2.19 million shares and a turnover of 810 million yuan [1] - Hengda New Material (301469) closed at 29.26, up 2.13%, with a trading volume of 14,300 shares and a turnover of 41.68 million yuan [1] - Songwu Resources (603863) closed at 20.51, up 1.28%, with a trading volume of 100,400 shares and a turnover of 205 million yuan [1] - Other notable stocks include Huatai Co. (600308) at 3.73 (+0.54%) and Xianhe Co. (603733) at 22.45 (+0.54%) [1] Capital Flow Analysis - The paper sector experienced a net outflow of 49.9 million yuan from institutional investors, while retail investors saw a net outflow of 56.9 million yuan [2] - Conversely, speculative funds recorded a net inflow of 106 million yuan [2] Detailed Capital Flow for Selected Stocks - Sun Paper (002078) had a net outflow of 23.42 million yuan from institutional investors, with a net inflow of 13.19 million yuan from speculative funds [3] - Yueyang Forest Paper (600963) saw a net inflow of 22.82 million yuan from institutional investors, but a net outflow of 34.79 million yuan from retail investors [3] - Qingshan Paper (600103) had a net inflow of 16.87 million yuan from institutional investors, while retail investors experienced a net outflow of 69.10 million yuan [3]

Financial Performance - The company's operating revenue for the third quarter reached ¥820,822,724.12, an increase of 42.45% compared to the same period last year[4] - The total profit for the third quarter was a loss of ¥34,050,607.72, representing a decrease of 161.88% year-on-year[4] - The net profit attributable to shareholders for the third quarter was a loss of ¥1,168,239.21, down 102.50% compared to the previous year[4] - Year-to-date revenue until the reporting period was ¥1,981,009,749.48, reflecting a growth of 17.03% year-on-year[4] - Total operating revenue for the first three quarters of 2025 reached CNY 1,981,009,749.48, an increase of 17.1% compared to CNY 1,692,762,038.21 in the same period of 2024[19] - Total operating costs increased to CNY 2,061,176,312.01, up 28.0% from CNY 1,611,127,035.69 year-over-year[19] - Net profit for the first three quarters of 2025 was a loss of CNY 7,958,749.11, compared to a profit of CNY 135,017,399.34 in the same period of 2024[20] - Operating profit for the first three quarters of 2025 was a loss of CNY 44,499,852.33, down from a profit of CNY 131,434,587.02 in the previous year[20] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,340,589,285.14, an increase of 8.27% from the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥1,328,625,698.59, a decrease from ¥1,381,885,354.51 as of December 31, 2024[15] - Total liabilities increased to ¥1,619,105,951.61 from ¥1,206,483,046.30 year-over-year[16] - Total assets as of September 30, 2025, are ¥4,340,589,285.14, up from ¥4,009,085,128.94 as of December 31, 2024[15] - Non-current assets increased to ¥3,011,963,586.55 from ¥2,627,199,774.43 year-over-year[15] - The company has a total equity of ¥2,721,483,333.53 as of September 30, 2025[16] - The company's total equity decreased to CNY 2,721,483,333.53 from CNY 2,802,602,082.64 year-over-year[18] Cash Flow - The cash flow from operating activities for the year-to-date was a negative ¥30,520,125.67, indicating a decline of 261.19%[5] - Cash flow from operating activities was CNY 2,153,502,445.41, an increase from CNY 1,716,339,812.48 in the first three quarters of 2024[23] - Operating cash inflow totaled $2,213,943,771.41, an increase from $1,786,247,160.79 in the previous period, reflecting a growth of approximately 24%[24] - Operating cash outflow amounted to $2,244,463,897.08, compared to $1,767,312,626.05, resulting in a net cash flow from operating activities of -$30,520,125.67, down from $18,934,534.74[24] - Investment cash inflow was $757,100,681.31, significantly higher than $383,884,395.32, indicating a growth of about 97%[24] - Investment cash outflow reached $1,166,623,895.72, up from $993,669,794.38, leading to a net cash flow from investing activities of -$409,523,214.41, an improvement from -$609,785,399.06[24] - Financing cash inflow totaled $441,575,947.41, compared to $361,887,603.91, marking an increase of approximately 22%[25] - Financing cash outflow was $97,554,765.21, up from $70,631,269.14, resulting in a net cash flow from financing activities of $344,021,182.20, compared to $291,256,334.77[25] - The net increase in cash and cash equivalents was -$97,681,481.66, a decrease from -$303,247,251.60 in the previous period[25] - The ending balance of cash and cash equivalents was $141,402,491.01, down from $191,847,489.49[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 20,600[12] - The top 10 shareholders hold a total of 22.34% (92,578,722 shares) by Lin Qijun, followed by Lin Qiqun with 19.15% (79,360,891 shares)[12] Other Information - The company reported non-recurring gains and losses totaling ¥252,502.47 for the third quarter[7] - The increase in operating revenue was attributed to the production capacity coming online from the "60,000 tons digital inkjet paper industry upgrade project"[10] - The basic and diluted earnings per share for the third quarter were both ¥0.00, a decrease of 100% compared to the same period last year[5] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.07, down from CNY 0.33 in the same period of 2024[21] - Other comprehensive income after tax for the first three quarters of 2025 was a loss of CNY 670,293.89, compared to a loss of CNY 37,353.78 in the previous year[21] - Research and development expenses for the first three quarters of 2025 were CNY 59,762,516.04, slightly up from CNY 58,695,646.25 in the same period of 2024[20] - The company plans to implement new accounting standards starting in 2025, which may affect the financial statements[26]

Core Insights - The company reported third-quarter revenue of 821 million, representing a year-on-year increase of 42.45% [1] - The net profit for the third quarter was a loss of 915,700, a decline of 101.65% [1] - For the first three quarters, the company achieved revenue of 1.981 billion, showing a year-on-year growth of 17.03% [1] - The net profit for the first three quarters was 30.218 million, down 77.68% [1]

Market Overview - The paper sector increased by 0.81% on October 23, with Songyang Resources leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Individual Stock Performance - Songyang Resources (603863) closed at 19.97, up 10.03% with a trading volume of 138,000 shares and a turnover of 267 million yuan [1] - Yibin Paper (600793) closed at 25.49, up 4.55% with a trading volume of 157,300 shares and a turnover of 396 million yuan [1] - Other notable performers include Qifeng New Materials (002521) up 2.19%, Huatai Co. (600308) up 1.61%, and Kain Co. (002012) up 1.59% [1] Capital Flow Analysis - The paper sector experienced a net outflow of 86.95 million yuan from institutional investors, while retail investors saw a net inflow of 146 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are increasing their positions [2] Detailed Capital Flow for Selected Stocks - Yibin Paper had a net inflow of 77.39 million yuan from institutional investors, but a net outflow of 36.71 million yuan from speculative funds [3] - Songyang Resources saw a net inflow of 54.72 million yuan from institutional investors, with a net outflow of 19.35 million yuan from speculative funds [3] - Other stocks like Xianhe Co. (603733) and Kain Co. (002012) also showed varied capital flows, indicating differing investor sentiments across the sector [3]

Core Viewpoint - Forest Packaging (605500) announced that as of September 30, 2025, it has no external guarantees other than those provided for its controlling subsidiaries [1] Summary by Categories Company Guarantees - The total amount of guarantees provided by the company for its controlling subsidiaries is 749.5644 million yuan, which accounts for 28.98% of the company's most recent audited net assets [1] - There are no overdue guarantees reported by the company [1] Related Parties - The company does not provide guarantees for its controlling shareholders, actual controllers, or their related parties [1]

证券代码：605500 证券简称：森林包装 公告编号：2025-060 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： 被担保人名称： 1、浙江森林纸业有限公司（以下简称"森林纸业"），系森林包装集团股 份有限公司（以下简称"公司"）的全资子公司。 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。 1、公司及子公司为森林纸业提供担保。 公司及子公司与浙商银行股份有限公司台州温岭支行（以下简称"浙商银 行"），签署了《资产池质押担保合同》为森林纸业提供担保金额1,348.35万元。 本次担保金额及已实际为其提供的担保余额： 1、2025 年 9 月 1 日至 2025 年 9 月 30 日，公司及子公司为森林纸业提供担 保金额 1,348.35 万元。截至 2025 年 9 月 30 日，公司及子公司为森林纸业提供担 保余额 2,034.90 万元。 2、2025 年 9 月 17 日，公司与华夏银行股份有限公司台州温岭支行（以下 简称 ...

证券代码：605500 证券简称：森林包装 公告编号：2025-061 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法律责任。 重要内容提示： 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"），2025 年9月9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 7,000.00 万元，具体内容见公司在 2025 年 9 月 11 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的进展公告》（公告编号：2025-056）。森林 造纸于 2025 年 10 月 9 日收回到期部分理财投资本金人民币 2,000.00 万元，收 到理财收益人民币 2.70 万元。 二、公司最近十二个月使用闲置募集资金进行现金管理的情况 币种：人民币 金额单位：万元 1 | 理财产品类型 | 实际投入金额 | ...

证券日报网讯 9月25日晚间，森林包装发布公告称，公司于2025年9月25日在公司会议室召开了职工代 表大会，会议选举董美亚先生担任公司第三届董事会职工代表董事，其任期自本次职工代表大会审议通 过之日起，至第三届董事会任期届满时终止。 （编辑 任世碧） ...

证券代码：605500 证券简称：森林包装 公告编号：2025-058 森林包装集团股份有限公司 关于选举第三届董事会职工代表董事的公告 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法律责任。 董美亚先生，1983 年 10 月出生，中国国籍，无境外永久居留权，大学学历。 2006 年 1 月至 2007 年 12 月任公司车间助理、生产计划负责人。2008 年 1 月至 2014 年 6 月任公司生产经理。2014 年 7 月至 2015 年 12 月任公司生产事业部副 总经理。2016 年 1 月至今任公司胶印事业部总经理。2018 年 1 月至今任温岭市 森林包装有限公司二期事业部总经理。现任公司职工代表董事。 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《森林包装 集团股份有限公司章程》（以下简称"《公司章程》"）等相关规定，森林包装 集团股份有限公司（以下简称"公司"）于 2025 年 9 月 25 日在公司会议室召开 了职工代表大会。经与会职工代表审议，会议选举董美亚先生（简历附后）担任 公司第三届董事会职工代 ...